I want just enough income with minimal work to maintain my lifestyle

[sethmachine]

I've come to the realization that I don't necessarily need to be a millionaire in order to maintain my current or future lifestyle indefinitely.

I just simply want enough income with minimal work to maintain my lifestyle.

E.g., let's suppose my income after taxes and before all expenses is $4,000.

To do that, I have to work at least 160 hours a month (~40 hours a week). I'd like to keep the same income but gradually lower my work hours, and, ideally, slowly increase my income as (paradoxically ?) the number of hours I actually work gets lower and lower (however, I'm salaried, so I can't actually drop hours).

Do I necessarily have to be a millionaire to accomplish this? Do I just need smart investments that provide passive income while maintaining my money? Do I need to start a business that requires minimal supervision?

[greenskeeper]

are you talking about retirement?

Regardless, live below your income level and save as much as you can.

[97guns]

More income is ALWAYS better because you can save more and get to your goals quicker, minimal income is not desirable

[Bob B.]

“Earn all you can, give all you can, save all you can”

― John Wesley, 18th century theologian, and co-founder of the Methodist church.

[Fishindude77]

You want what everyone wants.
Live below your means now and wisely invest the excess to gradually build a big nest egg of capitol that can support you with the interest it earns.

In "safe investments" it will probably take close to $1 mil nest egg to assure this kind of income forever without jeopardizing the nest egg.

[tripods68]

I've come to the realization that I don't necessarily need to be a millionaire in order to maintain my current or future lifestyle indefinitely.

I just simply want enough income with minimal work to maintain my lifestyle.

E.g., let's suppose my income after taxes and before all expenses is $4,000.

To do that, I have to work at least 160 hours a month (~40 hours a week). I'd like to keep the same income but gradually lower my work hours, and, ideally, slowly increase my income as (paradoxically ?) the number of hours I actually work gets lower and lower (however, I'm salaried, so I can't actually drop hours).

Do I necessarily have to be a millionaire to accomplish this? Do I just need smart investments that provide passive income while maintaining my money? Do I need to start a business that requires minimal supervision?

Anything is possible.

Have you consider what happen to health care cost, food cost, inflation in the future? If you are comfortable living on $4K a month today, that will not be the same living in 15 or 20 years. Depending when you will retire, health care cost will be the biggest driver of cost.

[snafu]

What will your lifestyle encompass 30 years in the future? How will you fund 35 years of retirement as a senior?

[LivingAlmostLarge]

Are you planning on living this level of lifestyle forever? If so I think it could work.