How to Determine Your Bare Bones Budget: The First Step Living on Passive Income

How soon can you retire from the workforce? What is your magic number? How much income do you need to replace with passive income? You must discover your Bare Bones Budget to see how much your household needs to run. Once you have this number, you can replace your earned income (job) with passive income streams. Your BBB is a series of small budgets for bills, expenses, food, and allowances. The smaller the numbers, the faster you retire. Good Luck!