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Updated about 7 years ago,
Financial freedom and what it means to you
Hi guys my name is Rich and this is my first post.!
After much thought and "what if people think I am dumb" I have decided to make a post to the forum. I have been reading 5+ articles a day and 2 podcasts a day from Bigger Pockets and I feel like I know the basics as well as I can for only a few months of research. I am from Orland Park IL, a southern suburb of Chicago but I would like to buy multifamily property in NWI (Northwest Indiana) as many counties around me have very high taxes. From all my reading and listening I have learned quite a lot but I have never really heard exact numbers on how much a year anyone makes. This could be because it is a touchy subject to some or maybe you work a normal W2 job as well and don't think about it all that much. I feel like everyone's numbers will be different as everyone's lifestyle and place they live is different. I would just like to ask though, what is your lifestyle and how much a year (break it up if you work a W2 job) do you make? I currently am 22 years old and make 20$ an hour as an HVAC apprentice and have about 20k liquid and 10k in assets (cars). That being said my idea of financial freedom will be far different then someone who is married with 3 kids and live in Salt Lake City. For me I would love to move to a huge plot of land outside of Dallas, have multiple cars/trucks with a pole barn as my passion in life is racing cars (SCCA, Track, ext). I also would want to help out my parents and have enough to get my future kids into any college debt free. Do I know what I will need for that at 22 years old (or even 32 years old) I don't think so. So after my ranting and raving I open it up to you guys to tell me what you make a year, how your cash flow is and what you do with your lives and how you live.
Thank you and go easy on a first time forum poster as I am sure I am coming off slightly uninformed. :)