Financial Independence
The magic number: How much you need to have to stop working.
The Purchase of Freedom
Financial independence is that moment when your passive income (money generated by your investments) is greater than your cost of living. When you reach this number, work stops being an obligation for survival and becomes a choice of yours.
How to get to the Magic Number?
Many people think they need 10 million reais to stop working. In reality, it all depends on your 'Standard of Living.' If you are happy with a cost of living of R$ 3,000 per month, your Magic Number is much lower and can be reached quickly. If you need R$ 20,000 per month to maintain your status, you will have to work much harder to fill your wealth tank.
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