I very often ask myself such a question because I do not know the ultimate goal to which I am striving. I have general plans, but I have not yet determined the exact amount that will allow me to not work. I constantly invest the money I earn, so I don’t have any profit left and I have to continue working to pay for my needs, and it’s been like this for more than 5 years. However, I think that as soon as the value of my portfolio crosses the 50 thousand dollar mark, I will be able to stop reinvesting the profit and spend it on myself and my needs
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I dont think any amount of profit would make me stop working completely maybe it would limit the amount of hours I stop working but to say I would stop working k don't think that will be possible In fact I wouldn't even advocate one to stop working no matter how much you have or profit you make dailRead more
I dont think any amount of profit would make me stop working completely maybe it would limit the amount of hours I stop working but to say I would stop working k don’t think that will be possible
In fact I wouldn’t even advocate one to stop working no matter how much you have or profit you make daily. It’s better to keep working so that you don’t go broke untimely. Because if you do not work you might get yourself stuck in fixed with money issues
See lessNo matter the amount of money that is with me or been earn I will never stop working. Work is something continuous and it's can help bring additional income when you needed one so I think it's better you keep working no matter how much you earn. You can use the money for something else if you have aRead more
No matter the amount of money that is with me or been earn I will never stop working.
Work is something continuous and it’s can help bring additional income when you needed one so I think it’s better you keep working no matter how much you earn.
You can use the money for something else if you have achieved your aim of working, working some people work even for the rest of their life so we need to work tirelessly
See lessI don't actually understand the question, in my opinion you will actually make profit if you start a business, depending on the type of business, so for example if you start a software business, you might not make the money from the get go but you'll eventually make profits as time goes on. And if yRead more
I don’t actually understand the question, in my opinion you will actually make profit if you start a business, depending on the type of business, so for example if you start a software business, you might not make the money from the get go but you’ll eventually make profits as time goes on.
And if you start a transport business for example you can make money from day one, so it is all about perspective.
See lessNo matter the amount of money that is with me or been earn I will never stop working. Work is something continuous and it's can help bring additional income when you needed one so I think it's better you keep working no matter how much you earn. You can use the money for something else if you have aRead more
No matter the amount of money that is with me or been earn I will never stop working.
Work is something continuous and it’s can help bring additional income when you needed one so I think it’s better you keep working no matter how much you earn.
You can use the money for something else if you have achieved your aim of working, working some people work even for the rest of their life so we need to work tirelessly
See lessIt makes sense to keep reinvesting, but there comes a point when your money should start working for you, not just for growth. Setting a goal like $50,000 is smart it gives you a clear milestone. Once your investments can cover your needs, you can start spending some profit while keeping enough inveRead more
It makes sense to keep reinvesting, but there comes a point when your money should start working for you, not just for growth. Setting a goal like $50,000 is smart it gives you a clear milestone. Once your investments can cover your needs, you can start spending some profit while keeping enough invested to grow steadily. It’s really about finding a balance between enjoying your money now and continuing to secure your future.
See lessHow much profit will make someone stop working depends entirely on their lifestyle, responsibilities, and long-term financial goals. There is no fixed amount, but the real question is whether the profit can consistently cover your living expenses without the business collapsing. To stop working comfRead more
How much profit will make someone stop working depends entirely on their lifestyle, responsibilities, and long-term financial goals. There is no fixed amount, but the real question is whether the profit can consistently cover your living expenses without the business collapsing. To stop working comfortably, the income must be enough to pay rent, food, bills, transportation, health needs, emergencies, and still leave room for savings. Many people use the rule that you can stop working when your profit is 3–5 times higher than your monthly expenses, and it stays stable for years, not months. You also need backup savings, emergency funds, and a system that runs even when you’re not actively working every day. Without financial discipline and planning, even a high profit can disappear quickly, so the “stop working” point depends more on stability, not just how big the amount looks.
See lessIts not wise to stop working just because you've made a lot of money. The fact is that you'll one day retire from work, but let me it be as a result of age not because you think you've accumulated much money. And beside, the amount of money you've made should not propel you to retire. Elon Musk hasRead more
Its not wise to stop working just because you’ve made a lot of money. The fact is that you’ll one day retire from work, but let me it be as a result of age not because you think you’ve accumulated much money.
And beside, the amount of money you’ve made should not propel you to retire. Elon Musk has a made Billions of dollars over the years and he is working towards making more. So leaving your work because you think you have made much profit is unwise.
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