Originally posted by 8mpg
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Being that national household income is $50k for two people... Id say making $40-50k for a single person good moneyOriginally posted by BMCSean View PostI'd say $40k is okay money, $75k and up into low six figures is good money, GOOD money to me is $200k or more annually.
I left a job making roughly $50k/year to go back to school.
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I agree, but in the DFW area it isn't that hard to bring that in. The younger generation being lazy and pretty worthless just makes it that much easier.Originally posted by 8mpg View PostBeing that national household income is $50k for two people... Id say making $40-50k for a single person good money
(Younger generation= most people under 25)
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Good money is enough to cover your expenses and to be able to put 6 months expenses away each year. The trick is limiting the amount of expenses, which is hard to do.
I have my total expenses down to $16.200/yr and hope to have it down to $10,500 in another year. Once I have built enough savings to generate the after tax income of that at a safe withdrawal rate of 3%, I'll retire from my job and pursue my interests full time.
High income would certainly help, but I see employment as golden handcuffs, and would be much happier on a boat in the gulf taking tourists out to fish for a few bucks to cover my fuel and maintenance on the boat.Last edited by sc281; 03-06-2013, 01:46 PM.
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nah, i made a shade over 75k last year and by no means am making 'GOOD' money.. i have enough to pay my bills, save, and have fun.. but i still dont think that constitutes 'GOOD' money. also location has a lot to do with it, as 100k/yr in cali isn't shit compared to 100k/yr in midland/odessaOriginally posted by 8mpg View PostApparently this crowd is cream of the crop... I forgot, we are the home of the $30k millionaire.
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Truth. I make right at what you do, and by no means is it ballin'.Originally posted by lo3oz View Postnah, i made a shade over 75k last year and by no means am making 'GOOD' money.. i have enough to pay my bills, save, and have fun.. but i still dont think that constitutes 'GOOD' money. also location has a lot to do with it, as 100k/yr in cali isn't shit compared to 100k/yr in midland/odessa
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Shit's ridiculous in M/O. Rent on a shitty 2br apartment is a grand a month, at least!Originally posted by lo3oz View Postnah, i made a shade over 75k last year and by no means am making 'GOOD' money.. i have enough to pay my bills, save, and have fun.. but i still dont think that constitutes 'GOOD' money. also location has a lot to do with it, as 100k/yr in cali isn't shit compared to 100k/yr in midland/odessa
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