We set 3 initial targets, these are the passive income levels we would like to reach. If we reach first level, we can consider our family financially independent. If you see that we don’t update our blog any more, that means that we reached level 3.
Level 1: € 1500 ~ 500.000 HUF
Since we live in a house that we own – which is not unusual at this part of the world – 1500 EUR per month is enough for us to live a comfortable life. Including one holiday annually. This is more or less how much we spend currently.
Level 2: € 3000 ~ 1.000.000 HUF
Same as above plus 3 more holidays. Or 5 low budget.
Level 3: € 6000 ~ 2.000.000 HUF
This is more or less (a bit more) than our current monthly income. If we managed to reach this monthly income from passive sources, then you will not hear from us again. But joke aside, this would be enough to continuously invest some of our passive income into assets that generate passive income.