Ways one can leave their 9-5

[friesbruh]

Say for example they need $4400 a month, can rely on $740 as of now, another $1000 in airbnb and $640 in woodworking, putting them about $2000ish short of that

Thoughts on legitimate ways to bridge that gap

[koloxid]

lower your 4400/month.

[RobParks2M]

join the gig economy?

[MikeLowrrrey]

Why would you need $4400/month for living expenses? That's pretty damn high.

Most people that retire pay off their homes and only have to pay utilities, insurance, mortgage, and food. That should come out to no more than $1500 depending on where you live.

[guest89]

1. Lower your expenses. Create a budget and cut out the crap you don't need.
2. Become debt free. Mortgage is only acceptable debt and it should be less then 30% of your expenses.
3. After the first two. Figure out how much money you need to actually live on. Then figure out a way to generate that relatively passively. IE Air BnB, a rental property, etc.



$4400 per month is about what someone who makes 65K would take home after taxes right? Or in that ballpark. Do you actually need that much to live or is that what you want to have a comfortable life? That's a super high living expense IMO.



To put things in perspective. My grandma lives on around $500-600 per month. Paid off house & car. Is frugal with utilities. Stays debt free. Eats lightly/cheaply. Etc.

[Omnivium]

Like everyone else said, I would try to lower your expenses. Can you get it down to $3500? My expenses are about $2000 but I'm a single guy with no kids though

Another thing is that it's easier to work part time than it is to quit completely. Would you be able to switch to part time at your current job, or find another job that lets you do part time?

[meanstringbean]

G4p

[SoutheastBeast1]

$2800/mo expenses crew

[Sterilite]

join the gig economy?

this plus finding a part time job hnnngggg

[Sophus]

You need $4400/month in Ohio bruh? What are you living in a palace

[lockdev]

lower your 4400/month.

This. I support a family of 4 with $1900/month in expenses(all, srs).

No personal debt. None at all. It's the only ticket to freedom.

It's fine to have debt behind an LLC as long as the debt is completely in the LLC's name.

You're in Ohio. It should be totally doable.

[Jasonw1178]

Ask Mr. Shekelberg if you can start coming in at 8 and leave at 4.

[RobParks2M]

This. I support a family of 4 with $1900/month in expenses(all, srs).

No personal debt. None at all. It's the only ticket to freedom.

It's fine to have debt behind an LLC as long as the debt is completely in the LLC's name.

You're in Ohio. It should be totally doable.

How tf are you doing this? No home/vehicle payments?? My mortgage is more than your entire monthly expenses lmao

[lockdev]

How tf are you doing this? No home/vehicle payments?? My mortgage is more than your entire monthly expenses lmao

1900 is the bare minimum. I'm not including things like entertainment.

Paid the house off and live in a republican as fak low-property tax area.

COL here is also low.

The breakdown: 500 utilities(with internet and cell), 400 house taxes/insurance, 100 auto(gas, insurance), 700 food, 100 clothing, 100 house maintenance

I might be cheating because I'm not including the medical insurance or retirement that comes out of my paycheck.

[friesbruh]

calling BS on hurr durr supporting a family of 4 on $1900 and hurr durr 4400 iS sO hIgH when it legit includes every red cent that goes out each month

Like everyone else said, I would try to lower your expenses. Can you get it down to $3500? My expenses are about $2000 but I'm a single guy with no kids though

Another thing is that it's easier to work part time than it is to quit completely. Would you be able to switch to part time at your current job, or find another job that lets you do part time?

yup in the process of paying down debt n chit

mortgage is $1950
essentials are $1270
and the rest i put towards getting debt paid down