individually and for a family of 3 to 5 members on average, one must earn at least $125,000 per year?
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Now, THAT'S what I am talking about. A realistic answer!
Thanks, I'm optimistic but I'm also a realist. Life costs a lot of money.
Yes. if one wants a cultivated life, it DOES cost money; however, if one has a poverty consciousness, one is well content to living at a five-figure level. Six figures is the minimum for a good quality of life!
I will not work until I die or live on less than I earned while working, requiring a lot of saving, investing + income. If one's earning $30K annually now, are they saving another $30K annually for retirement? Heck no for the overwhelming majority.
We are not free to do as we wish. If we were it would be a big problem for society as it would be chaos. That is why we have laws, to put boundaries on what we can do.
That is understood without having to be stated but there is chaos in society. In this context however, we are free to do as we wish whether we choose to plan and work towards our tomorrows, provide only for today or some measure of both.
I am not sure why you expected so many down votes. Your answer was honest and realistic. The fact is that the more money you have, the easier it is to live. The issue can come into play, when you are seeking more money for the sake of status.
Of course the more money, the easier it is to live decently. Wealthy people have no financial worries while the poor......DO. Smart people aim to be wealthy, there is no glory in being poor. WEALTH is GREAT/GOOD!
CoriHolder, large numbers of people are content to struggle financially & want others to do the same. Some will attack you for working towards or having more than them financially. Money is a tool & a resource to provide a better life & h
It is a true fact that money is never is never.The more you have it the more your needs sky rocket.on real life there are many who might be eathing less than $80,000 per month and a managing well. It all depends with one's nreds.$80.000 is a good sum
True, one needs AT LEAST $80k per annum to live decently, without struggle and with leftovers for savings and investments. Anything below that DOESN'T cut it at all. However, there are SOME who decry this!
Living well mreans not worrying about the basics and being able to do what one wishes ss money isn't an object. It also means having savings & investments.
In that case I disagree and think it depends on the area a person lives in because I am doing all of that.
Again, as I said in my question earlier, this is all about perspective. Many families can live well AND reach their financial goals on far less than 80k or even 60k. Simply repeating your unproven premise does not make everyone agree, GM.
Well answered. I agree with you. I hope one can live well and save something within this much.
I may sense difficulty if one has to pay rent and live within that much income. Owning a house apart from that income is necessary for your range of income to feed 4.
NO ONE can live well on $25K per year. NO WAY! In order to live somewhat decently, one's salary at the lower point has to be $50K per annum.
Well, my family and I live pretty well. Considering the average in my area is $18,000 a year, we're actually doing fairly well.
Totally agree. The higher the annual income, THE BETTER!
I agree. Costs will always rise, the challenge is to stay ahead, preferably far ahead. Some get angry when they see that others are far ahead financially and take their anger and frustrations out on them.
Definitely! There is SUCH MANY HATRED & ENVY of the wealthier classes, SAD REALLY!
I have always found it beneficial for me to talk to them as well observe and learn from them if we don't know one another. There is so much information available to improve one's financial situation, getting it from the "horse's mouth" is priceless.