Is $75,000 A Year: The Magic Happiness Number? - Financial Freedom, #16

The media says earning $75, 000/year is the magic number for happiness. You have enough to support your family and some leftovers when you achieve this amount. I agree with the $75, 000/year number, but with caveats. I like to earn much more than this but live at this standard. Living below my means allows me to invest the additional cash flow into income-producing assets. These assets make me more money, helping my family overcome any present or future obstacles. I am all about living at $75, 000/year; however, I want to make $200, 000 to $300, 000 in passive income per year.
This allows me to continue to grow my income by reinvesting the leftover cash. Life is Good!