Freedom Number - For Living Expense or Replacement Income?

[Mark Douglas]

I know you can craft it to target whatever goal you want, but just to start, should I aim to cover my monthly living expenses with cash flow, or just go straight for replacing my W2?

(I'm about $500/mo shy of covering my monthly expenses, so I don't have too far to go with that.)

[Kyle Scofield]

@Mark Douglas Like you said Mark! It all depends on your goals and what you want from REI. If you want to replace your job with it, then you'll want that number close to your W-2 income. If you're only investing for extra cash flow and long-term wealth, then having it cover your expenses would be just fine.

If you're trying to quit the corporate world completely and grow this through the roof then I'd say reinvest all your cash flow back into the business and watch it compound!