My wife and I leveraged roommates for almost five years to get ourselves out of debt. We also built an extensive dividend portfolio that pays us $1,500/month.
Now, we don't have roommates, but we use dividends and rental income to cover our mortgage entirely. Life is indeed excellent!
Earning passive income is tough but even more challenging without a concrete goal. That's why setting your mortgage payment as your initial passive income goal is such an extraordinary idea.
Not only do you have a specific number to work towards, you get the inherent motivation of living in your home for free. What a great accomplishment. Good Luck!
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