Here’s a rephrased version of your article:
—
I have a special number: 3000 12 16. It’s a secret goal I keep in different places, like on my fridge at home and a post-it note on my computer at work. This isn’t a password, social security number, or PIN code. It’s a goal I’ve set for myself and a constant reminder to stay on track.
You might wonder what this goal is. Well, I want to earn enough money from home to quit my day job!
**MY SECRET NUMBER PART 1: MONTHLY INCOME**
The first part of my goal involves generating a specific amount of monthly income. Those who follow the FIRE (financial independence retire early) movement often rely on their financial assets and a safe withdrawal rate (SWR) to predict their monthly earnings. For instance, having $1,000,000 in assets with a 4% SWR gives you $40,000 per year, or about $3,333 per month.
I estimate that I’ll need around $3,000 per month to leave my job. This would be around $900,000 in assets with a 4% SWR, but since I don’t have that amount, my plan is to create different income streams to reach my monthly goal.
My sources of income include a website that helps people who need money, generating revenue from ads and affiliate sales, my carpentry hobby bringing in some side income, and hopefully starting a small side business within the next year. Together, these should help me earn the $3,000 per month I need.
**MY SECRET NUMBER PART 2: CONSISTENCY**
Making money from home has its challenges, especially in terms of consistency. Unlike investments with a more predictable SWR, income from home-based work can vary. Therefore, the fifth and sixth numbers in my secret number represent the 12 months. My goal is to make $3,000 each month for a whole year.
Achieving this will give me the confidence to quit my day job, overcoming the mental hurdle of giving up a stable income, which I’m sure others seeking financial independence also face.
**MY SECRET NUMBER PART 3: TARGET DATE**
Like any solid goal, mine has a deadline: December 31, 2016. By then, I want to quit my job. This means that by the start of 2016, I need to earn $3,000 monthly and maintain it throughout the year. It’s a tough goal, but that’s what I’m aiming for.
**MY SECRET NUMBER**
The parts related to consistency and the target date are somewhat flexible. Since I’m already earning some money from home and building an emergency fund, I might quit even if I haven’t made $3,000 every month for a full year. If my emergency fund can cover any shortfall, I could still go ahead with my plan.
I’m really excited about working from home full time and reaching my goal. I’d love to hear your thoughts on my plan and whether you have similar goals. Thanks for reading, and feel free to visit me at “I Need Money ASAP!”
—
Feel free to reach out if you recognize me and my secret number, but please be discrete. I’m happy to talk about personal finance and financial independence while keeping my goal confidential.