Are you thinking of retiring overseas, at least for a few years? Your dollars will go much further than in America.

The goal would be to live entirely on passive income streams. However, we also need to have a nice amount of cash and an emergency fund.

Just like living in America, crap happens overseas. You can wake up one day, and the country you know has completely changed.

Cash is every bit as vital to our success as having cash flow from dividends, rents, royalties, and business. Don't forget to emphasize building your cash pile and emergency fund.