Million Dollar Rat

"I have a million in my bank, Im a rich rat." says million dollar rat.

Rich you are my friend, but your`re still a rat running that endless wheel.

For me(just my humble view) it is just:

Passive > 120% X life expenses

Why 120% X life expenses? the 20% is like a buffer and safety net for the unexpected events in life. These 20% will be used to purchase investments of lower risk nature, such as govt bonds or FDs. A simple rule would be a easy rule to follow. A person with this can retire. (IMO)

Passive Income > 200% X life expenses

This is my aim in life. Sounds crazy rite but haha its my aim. A person with this can retire in style. Be the jet setter u want to be and retire in the countryside with STYLE haha.