Originally posted by 8mpg
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Originally 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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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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Originally 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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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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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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