what is so magical about $1MM?

To be more specific, my goal is to hit $1MM within the next 10 years, allowing me to retire at the age of 43, although ideally I will retire by the time I am 40. I want to have at least $500K in retirement accounts so that these are able to grow for 20+ years and have passive income of $4K a month, most likely through real estate.

I doubt that I would ever fully retire but, once I hit this magic number by that age, I will be free to take less stressful jobs and worry only about breaking even each year. I can decide to work full time or just stay at home with the kids.

Independence is one of the things I value the most and, for the first time ever, I am in a position where I can’t confidently walk away from a job knowing that another similar one is around the corner. While I can probably find jobs with the same titles and responsibilities, I have found that I am out of the pay range for most of those positions. I am golden handcuffed to my job. I love my job but the stress can be very intense, to a point that it has impacted my health. I am hoping to spend the next few years building the team so that I am able to have less stress but that may just be a lofty dream.

Here is to beginning that journey. I am happy to have you follow along.

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