SkiptocontentBacktobiggerpockets.comAsaGuestyouhavefreearticle(s)leftJoinBiggerPockets(forfree!)andgetaccesstorealestateinvestingtips,marketupdates,andexclusiveemailcontent.SignUpSigninAlreadyamember?InthisarticleSponsoredMotivatedLeadsWeFindOff-MarketHousesLeadsThatTurnToDealsWehelpinvestorsgeneratemotivatedsellerleadsviaFacebookandGoogleusingthesamestrategiesweuseforourselves.BookACallToday!SponsoredAvailLandlordingmadeeasy.PerfectToolforLandlordswith1-50UnitsListunlimitedunits,screentenants,draftandsignleases,andcollectrent—allforfree.UseAvail—Free!What’syournumber?No.Idonotwantyourphonenumber.I’mtalkingaboutyourfreedomnumber.Freedomnumber—whatisthat,youask?Ifyoudon’tknow,you’vebeenthinkingaboutyourfinancesallwrong.Letmeexplain.Yourfreedomnumberistheamountofpassiveincomeyouneedtofullysatisfyyourlivingexpenses.Onceyouachievethisamountofpassiveincome,younolongerneedafull-timejob.Youwillbelivingoffofyourpassiveinvestmentsandwillbeabletofullyenjoythelifegiventoyou.So,whatisthatnumberforyou?Ifyoudon’tknow,don’tworry.Justkeepreading.Thisarticleisgoingtoexplainhowtocalculateandmeasureyourfreedomnumber—because,asweallknow,youcan’tmanagewhatyoucan’tmeasure. CalculatingYOURFreedomNumberCalculatingyourfreedomnumberiseasy.Itistheaverageamountyouspendonamonthlybasis.Ifyouareorganized,thiswilltakeaslittleas10minutes.Ifnot,youmayneedtospendacoupleofhourspullingtogetherrecordsofyourvariousspendingoutlets.Eitherway,thetimeinvestedhereiswellworthit.Herearethestepstocalculate:Figureouthowmuchyouspendonamonthlybasis.Lookbackatallofyourspendingmediumsforthelast12months—includingbankstatements,creditcardstatements,debtpayments,charitydonations,etc.—andtrytorememberanycashtransactionsaswell.Note:ThisiswhyItrytoneverusecash.Itisuntraceable!Putthemallintoasinglespreadsheet.Aggregateallofthetransactionsyouhavemadeinthelast12monthsintoasingleExcelspreadsheet.Divideby12.Takethesumofallofthetransactionsyouhavemadeinthepast12monthsanddivideitby12.Assumingnodrasticlifechanges,thisisyouraverage