That’s the ultimate question, isn’t it? For most of us who are intensely saving our incomes and then investing those savings, it’s all about achieving that holy grail: Financial Independence When you reach that stage, there isn’t a need to trade time for money anymore. You are free to walk away from that mundane job and pursue your own interests (whether they are making money or not) at your own pace and time. Since I am currently not working now, I was wondering if it’s possible for the Mrs to also stop working? Or in other words, can we increase our passive income and reduce our expenses to achieve financial independence at this point in time? To find out, I performed this mental exercise:

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Increasing passive income

With a net worth of $500,000, we could sell and liquidate everything to pay down all the debts and then put this half ...

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