Option 1 Voters:
* Mostly aged 35 and above
* Single
* Holds a demanding job
* Current monthly income is below $5,000
* Resides in a low-cost area
Option 2 Voters:
* Mainly under 40 years old
* Married
* Has or wants children
* Lives in a high-cost area
* Ambitious and driven
* Envisions achieving significant financial freedom to support their family
What are your current expenses though?
All money is after taxes.The money, no job.
I want to know where everyone (presumably we're all 50 years or younger) are going to retire on $60k a year, knowing how volatile everything is re: inflation.I live in California, so I'd retire here. $5,000 a month, untaxed, is roughly the same as having an $84,000 annual salary, before taxes. That's quite a bit of money. And I can throw what I don't spend into a savings account
Either option would result in me giving up my current lifestyle, but with Option 1, I could have a very comfortable life in Vietnam or another low cost of living country. I wouldn't really be able to come back to the US with a high standard of living, but it still might be worth it.
Do taxes and insurance premiums and all that stuff that comes out before you get your paycheck still need to come out of that 5K? Because that would be less than I make now and make that a no go. I wouldnt do the other option either.Its after taxes, but since you have no job, theres no I get health insurance through my employer option.
Its after taxes, but since you have no job, theres no I get health insurance through my employer option.What about I get health insurance through my wifes employer
even a part time one or one that can be seen as a "hobby" (like selling stuff on eBay). the money stops.In this scenario, would releasing games for free on itch.io count?
What about I get health insurance through my wifes employer
thats fair game according to the rules of this topic right
In this scenario, would releasing games for free on itch.io count?
Because any free game can be paid for, but it's 100% optional if the person downloading would like to give money to the person who created it or just download it for free instead (like pay what you want, minimum of 0 dollars thing)
I have about $800 left after all expenses, not counting food.
5k is not a lot. Can I make money in other ways? Like pursuing a passion project like theatre, gaming, becoming an ig model.I think per the rules of the topic you could pursue a passion project; its when you try to monetize the passion project that the money stops
Does the money adjust for inflation? No. And how strict is it? Like if I upload gameplay videos to youtube and I hit the threshold to make money but don't change my behavior at all does that count? Yes. Click button and make my 10$ a month passively. Does accepting a neighbors offer to mow their lawn one time for 20$ stop the money? Yes. What about if you inherit something that brings passive income without you doing anything? Need an example. Does normal Ebay selling count like selling off some old trading cards you found in the attic or just doing so regularly or effectively as a job? Yes. I assume basic investing like buying and sitting on a fee stocks, 401K, buying a bit of gold and the like don't count but something like Day Trading would? Profit made from non-physical investments is ok. Including stock trading.
Regardless the no job money. Its more then I make now and I live fairly cheap
I feel like a lot of people underestimated how little buying power $5k a month is going to get you 5, 10, 20 years down the road.
Considering you would need about $8500 now to buy what you could have bought for $5000 in 2004.
With an average inflation rate of 3%, $5000 no will be worth about $3700 in buying power in 2034. $2800 in 2044.
Y'all gonna be broke AF.
I feel like a lot of people underestimated how little buying power $5k a month is going to get you 5, 10, 20 years down the road.No, I didn't. I am just under absolutely zero circumstances willing to work 60 hours a week for years with no break.
Considering you would need about $8500 now to buy what you could have bought for $5000 in 2004.
With an average inflation rate of 3%, $5000 no will be worth about $3700 in buying power in 2034. $2800 in 2044.
Y'all gonna be broke AF.
How many days per week do i have to work? 3 or 4 12 hour days would do it for me
but you have to work 12 hours a day. 5 days a week.
I feel like a lot of people underestimated how little buying power $5k a month is going to get you 5, 10, 20 years down the road.
Considering you would need about $8500 now to buy what you could have bought for $5000 in 2004.
With an average inflation rate of 3%, $5000 no will be worth about $3700 in buying power in 2034. $2800 in 2044.
Y'all gonna be broke AF.
$2800 a month is still more than double what I currently make.