| "We can live with family members -- so rent will be free" Boy how generous and mature of you to take advantage of your family while building your empire. Also does that $1000 include paying for your own insurance? What are you going to do if your dream fails? Continue to live at home? It sounds like your plan is only accounting for if everything goes exactly right. Personnally, my recommendation is to do this: - continue working. If you really want this, you should be able to build a MVP on the weekends (it didn't sound like you were married or had children) - live on $1000 per month including savings and tithe. So for $1000 of "income" you should be able to live on $650. if you can't really do this, then adjust your required income numbers - figure out how much you would need to live on your own. Add that to your income requirements. Then if you still want to live at home, then pay your parents. That food, laundry, property tax etc isn't free. They have to pay it and they have much less earning time than you. - do not touch your retirement, you will need it later - pay your debts, if you do the plan above, your friend should still have enough real income from their job to pay off the loan |