what would you do to build long-term passive income?
I’m 23 making about 83k a year and my monthly expenses are really low, probably around $900/month including stuff I want, not just necessities. I currently have around 50k saved.
I keep thinking about the future and honestly I do not want to work forever. I’m trying to figure out what a realistic number is to aim for financially where your money can basically start working for you instead of depending fully on a paycheck.
For people who are financially smart or already doing this, what would you personally aim for in my position? And once you hit that number, what would you actually do with the money?
I’m not looking for get rich quick advice. I’m more interested in smart long term investments or income producing assets that are relatively safe and reliable. What realistically creates steady income over time?