For most of our 21 years of marriage, I've been the sole or main income provider, with an average income from working of about 45k a year. This isn't a huge amount for California, but early on we started a process whereby we now make another 25 to 30k a year through passive, or invested income. Plus we don't have any mortgage left on our house.
Basically we did this by always living below our means, living frugally and responsibly. It meant rarely eating out or going on pricey trips, and always buying good used cars. 10 years ago we paid off our house and then began putting money that went into house mortgage payments and prepayments into investments. Now our investment income is closing in on matching what we make by working (not there yet but in a few years it hopefully will be). And as our income has grown we have expanded our budget as well so we can enjoy this income more than we did while we were building up our capital.
Every day while driving at my job I listen to people call into the Dave Ramsey show (I don't always agree with him, but he has generally good ideas IMHO) with their stories of success, and I also frequent the Mr Money Mustache forum where people chime in with their stories, so these things can be done, especially for couples making a good income.
Basically we did this by always living below our means, living frugally and responsibly. It meant rarely eating out or going on pricey trips, and always buying good used cars. 10 years ago we paid off our house and then began putting money that went into house mortgage payments and prepayments into investments. Now our investment income is closing in on matching what we make by working (not there yet but in a few years it hopefully will be). And as our income has grown we have expanded our budget as well so we can enjoy this income more than we did while we were building up our capital.
Every day while driving at my job I listen to people call into the Dave Ramsey show (I don't always agree with him, but he has generally good ideas IMHO) with their stories of success, and I also frequent the Mr Money Mustache forum where people chime in with their stories, so these things can be done, especially for couples making a good income.
Put the internet to work for you.
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