Let’s say you’re looking to retire and want to bring in the average American salary in your golden years.
It’s a good goal—and more than enough cash for many retirees, especially if you live outside places like, say, San Francisco, where the average one-bedroom apartment rents for $3,300 a month (!)
So how much are we talking about here?
As of March 2017, the average US worker took home $896.60, according to the Bureau of Labor Statistics. Assuming 50 working weeks a year, that’s $44,830.
Okay, so we need to get $44,830 in pre-tax passive income. Where are we going to get it?
Most people look to three options: bonds, stocks and real estate. And sadly, that’s where many lose their shot at our $45k income stream. …