How much income do you need to live well?

posted 1 month ago in The Lounge
  • poll: What pre-tax salary do you need to live well? (not household income)
    50-75k : (31 votes)
    22 %
    75-100k : (39 votes)
    27 %
    100-125k : (18 votes)
    13 %
    125-150k : (16 votes)
    11 %
    150-200k : (9 votes)
    6 %
    200-300k : (16 votes)
    11 %
    300-400k : (2 votes)
    1 %
    400k+ : (13 votes)
    9 %
  • Post # 121
    Member
    1656 posts
    Bumble bee
    • Wedding: April 2018

    bougainvillea :  wait so you’re Australian? I haven’t seen you say that elsewhere.  Is your ideal income Australian money or American? Im sure everyone thinks you’re talking American dollar.  $100,000 AUD is $70,000 USD.

    I live in Auckland and it’s very expensive.  Average house price is $1 million Nzd which is $660,000 USD. That’s a super average house in a suburb i wouldn’t live in. 

    Post # 122
    Member
    677 posts
    Busy bee

    OP, I commend the fact that you’re receptive to ideas, pushback, and can handle criticism well. It’s not super common. 

    Post # 123
    Member
    7086 posts
    Busy Beekeeper

    bougainvillea :  plenty of people do flip clothes as a side gig! My husband flips items from his hobbies all the time to finance the hobby. If it allows you to enjoy something within a reasonable budget then that’s perfectly legit.

    The key here is you have big goals. Which is great! But every scarf is that much money away from your ultimate goal of buying a home and retiring early with 4 kids in private school. Whenever I consider a purchase I think “is this worth taking $70 away from future Lilli?” if it’s something I need or really want then the answer is yes. I won’t give up all comforts for present Lilli for future Lilli. But I do give up a lot when I think of it that way. 

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