In the last newsletter, What Is Rich, we talked about the power of having specific financial independence targets, and how to calculate these targets for yourself.
These targets are your “Business system target” and “Money system target.” My targets are $75,000 MRR (monthly recurring revenue) and $6,000,000, respectively.
(There’s also a third target, which I call the “Perfect Tuesday target” and will explain more later.)
I share my targets as a reference point for discussion. There is a formula, so technically you and I could arrive at similar targets. But defining what you want, when you want it, and why you want it is infinitely more complex than can be derived by a pivot table, financial advisor, or Twitter thread.