Is it possible to make $50,000 a year and still live really well?

1. 60

   Sun-flowerposted 5 years ago

   Is it possible to make $50,000 a year and still live really well?
   
   You pay a mortgage of $1500, pay living expenses (electric, phone, cable, food, etc.), child support ($900), and take a vacation (out of country) every other month on an income of $50,000 a year?

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2. 74

   BSloanposted 5 years ago

   I do believe it's possible without vacations every other month.
   
   With a lot of IF, ANDS, OR BUTS, $50,000 per year could get you all that.......
   
   Depending where out of the country is, there are places where the cost of living differs from where you live and you get more for your money.  Also if you're able to board with someone in another country this also saves money.  If you take a cruise, their relatively inexpensive since everything is included, and if you use mileage points, I suppose you can get airfare for free.
   
   Other than that I believe you'd have to live very frugally to accomplish vacations every other month.

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   1. 60

      Sun-flowerposted 5 years agoin reply to this

      Thanks! Cost of living in Maryland, trips to Central America. I forgot to mention work is about 40 miles round trip Mon-Fri.

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3. 79

   LandmarkWealthposted 5 years ago

   The answer to that is dependent on what you consider to be living good and more importantly where you choose to do it.  $50k doesn't go too far in my area which is Long Island NY.  However, there are many more rural parts of the nation where it can take you much further.

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   1. 60

      Sun-flowerposted 5 years agoin reply to this

      Thanks! Cost of living in Maryland, trips to Central America. I forgot to mention work is about 40 miles round trip Mon-Fri, and an economical car is used.

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