How much money do you need to live comfortably?

  • infinitefrien...

    Posts: 376

    Feb 04, 2015 8:36 PM GMT
    And why do you need that amount, nothing less or more?
  • metta

    Posts: 39099

    Feb 04, 2015 8:40 PM GMT
    If I had over $5.5 million in investments and savings, I could probably get away with making $0 per year.
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    Feb 04, 2015 8:42 PM GMT
    A helluva lot less if I lived in Arkansas.

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    Feb 04, 2015 9:08 PM GMT
    A monthly net income of 3x the rent of a one bedroom flat/house
  • Tig3r

    Posts: 139

    Feb 04, 2015 9:18 PM GMT
    Right now? If I made 2,500 a month I would be pretty content. That would cover my living expenses and allow me to add to my saving account.

    But since my expenditures will be increasing over the next couple of years, a cool $1 million a year would also be pretty nice. I would be pretty comfortable if I was able to take a vacation with my family every couple of months, plus not have to stress about bills or debts.
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    Feb 05, 2015 3:37 PM GMT
    Nothing more gratifying than retiring ideally in nothern France,and owning a ranch/manor to entertain various guests.Having said that attractive fantasy requires of me to be of £33 000000 worth!
  • Eli_jah

    Posts: 1391

    Feb 05, 2015 7:08 PM GMT
    Comfortably? $75,000/yr. Lavishly, $150,000. You can survive, however, on less than $20,000/yr at the end of the day, you'll just be miserable. icon_biggrin.gif
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    Feb 05, 2015 9:24 PM GMT
    I'm waiting for Nebraska to have oceanfront luxury condos for $175K.
  • NeuralShock

    Posts: 411

    Feb 05, 2015 10:02 PM GMT
    Right now I am looking at pretty average start of 80,000 when I am finished my degree next year (1 year + this semester left) but this is also ignoring the fact if I opt to use all my skills and forward myself into a more powerful research and development end of industry it can likely go up.

    I pray this is enough to live comfortably... Heaven knows no man wants me cause I am human garbage unworthy of love it seems :/ Will need to shoulder the burden of everything all alone T.T
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    Feb 05, 2015 11:02 PM GMT
    NeuralShock saidRight now I am looking at pretty average start of 80,000 when I am finished my degree next year (1 year + this semester left) but this is also ignoring the fact if I opt to use all my skills and forward myself into a more powerful research and development end of industry it can likely go up.

    I pray this is enough to live comfortably... Heaven knows no man wants me cause I am human garbage unworthy of love it seems :/ Will need to shoulder the burden of everything all alone T.T


    true.
  • NeuralShock

    Posts: 411

    Feb 05, 2015 11:20 PM GMT
    jmusmc85 said
    NeuralShock saidRight now I am looking at pretty average start of 80,000 when I am finished my degree next year (1 year + this semester left) but this is also ignoring the fact if I opt to use all my skills and forward myself into a more powerful research and development end of industry it can likely go up.

    I pray this is enough to live comfortably... Heaven knows no man wants me cause I am human garbage unworthy of love it seems :/ Will need to shoulder the burden of everything all alone T.T


    true.

    See even someone who is too hideous to show their face knows it to be true icon_sad.gif


    But, shade aside, I really do feel that way. I know I need to make my own path in this world cause no one wants to love me :/
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    Feb 05, 2015 11:21 PM GMT
    NeuralShock said
    jmusmc85 said
    NeuralShock saidRight now I am looking at pretty average start of 80,000 when I am finished my degree next year (1 year + this semester left) but this is also ignoring the fact if I opt to use all my skills and forward myself into a more powerful research and development end of industry it can likely go up.

    I pray this is enough to live comfortably... Heaven knows no man wants me cause I am human garbage unworthy of love it seems :/ Will need to shoulder the burden of everything all alone T.T


    true.

    See even someone who is too hideous to show their face knows it to be true icon_sad.gif


    I've showed my face plenty of times numbnuts. I had a full range of pics on here before it got deleted...one, two, six times...icon_lol.gif
  • Rhi_Bran

    Posts: 904

    Feb 06, 2015 12:26 AM GMT
    NeuralShock said
    jmusmc85 said
    NeuralShock saidRight now I am looking at pretty average start of 80,000 when I am finished my degree next year (1 year + this semester left) but this is also ignoring the fact if I opt to use all my skills and forward myself into a more powerful research and development end of industry it can likely go up.

    I pray this is enough to live comfortably... Heaven knows no man wants me cause I am human garbage unworthy of love it seems :/ Will need to shoulder the burden of everything all alone T.T


    true.

    See even someone who is too hideous to show their face knows it to be true icon_sad.gif


    But, shade aside, I really do feel that way. I know I need to make my own path in this world cause no one wants to love me :/


    giphy.gif

    On topic... it really depends on your own preferences, and DEFINITELY where you live. I can live comfortably on 40k a year in the suburbs of Minneapolis, but 80k a year in NYC and you're practically a pauper.
  • TheBaise

    Posts: 362

    Feb 06, 2015 1:42 AM GMT
    I Don't Care Too Much For Money / Money Can't Buy Me Love!
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    Feb 06, 2015 2:28 AM GMT
    Cost of living in LA is above average for sure. I'm content with what I'm making as I have enough to pay mortgage, utilities, and expenses and still have some savings. Though I'm far from being rich, but I'm not lacking anything.

    Living within the means and contentment are the key. icon_wink.gif
  • AMoonHawk

    Posts: 11406

    Feb 06, 2015 2:34 AM GMT
    Define comfortably and how long of living are we talking about?
  • LJay

    Posts: 11612

    Feb 06, 2015 7:05 PM GMT
    A living wage in this area is said to be around $15/hr. That would be $31,200 per year. I would think comfort would fall somewhat north of that. I am living on less than that now since retiring. I would like more, but I am doing OK at treading water.

    It largely depends on lifestyle, indebtedness, health, ability to save and other such factors. Money is easily subject to misuse.
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    Feb 07, 2015 12:39 AM GMT
    150-250k...

    I live in NYC, and enjoy it, so rent is a big chunk of that.

    I also like having extra money to travel. I am not super material, but the stuff I do have I like it to be nice.

    I would (do) invest it slowly to become job independent and hopefully do some good rather than just work for someone to make them a shit ton of money icon_smile.gif
  • Suetonius

    Posts: 1842

    Feb 07, 2015 1:09 AM GMT
    Please don't feed the trolls.
  • Eli_jah

    Posts: 1391

    Feb 07, 2015 7:06 PM GMT
    The person who said living off $80K makes you a pauper in New York. Wow. You can still find a nice small 1 bedroom or studio in Manhattan at that salary.

    $80K for a family, yeah I agree (if you want to live in Manhattan). As someone already mentioned, it depends on age, marital status, debt, and so on. A single 28 year old can do a lot more with $80k than a married 42 year old with three kids.
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    Feb 08, 2015 12:51 AM GMT
    I'm single and will be making about 45k after taxes as an RN in Tulsa, OK. I'll be able to live comfortably on that salary. I know that if I were to make the same amount in San Francisco, I would be nearly homeless.
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    Feb 08, 2015 1:06 AM GMT
    100K a year is plenty for most, but we could all get by on less.
  • Svnw688

    Posts: 3350

    Feb 08, 2015 1:16 AM GMT
    Notorious troll OP asked "you" and I'll interpret that as a personal rather than an average or generic person.

    Me? I have obligations AND appreciate finer things (I'm not materialistic, I'm more referring to experiences such as nights out, restaurants, etc.).

    I need annually 110K net, or 200K gross to live. If I wanted to drink PBR and eat McDonald's in Omaha, Nebraska, I wouldn't work as hard as I do, and then perhaps 15K a year might work. A quick Google search shows apartments for 300 a month. But I don't want to live like a poor person, and I don't settle. It's not in my blood.
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    Feb 08, 2015 1:21 AM GMT
    I used to live on 10k a month, which led to me spending 15k a month. Had it all, cars, vacation property, trips, parties you name it, then lost it all. And i wasn't even a druggie…lol.. Living on 2k a month now. I fuckin hate it… but it appears I needed to learn a lesson.. I hate that even more..LOL! Now i have nowhere to go but up^ wooohoooo…. haha.
    $4-$5k a month would make things easier.
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    Feb 08, 2015 2:49 AM GMT
    Well the dockworkers are planning to shut down all the west coast ports next week because they can't get by on $147K (average) plus full benefits. Jeez, why did I waste money on college?

    ...and where do they take applications for scabs?