Would I be able to live off of $2000 a month?
I'm getting my Associate's Degree soon (I just turned 21) & will be a preschool teacher. The lowest salary I could find on it was $25,000 minimum, which rounds out to about $2000 a month. It seems terrible, but it's only me. I still live at home trying to save money & I only make about $800 a month working in retail at WalMart part time during school. It pays for gas/car insurance/car payment/half of the cable bill & going out. I'm really scared about financing & don't want to have to depend on anyone ever. I've grown up with a single mom since I was 14 & she was a stay at home mom when my dad died, so she struggles all the time trying to find & keep jobs. Yes, I'm sure it's a lot easier with 2 people & I do hope one day I find Mr. right, but you never know what the future holds. So, will I be able to live "comfortably" on $2000 a month? They say your rent shouldn't be more than a 1/3 of your paycheck? Is this true?
How rich is a salary of $800k a year? What lifestyle can someone afford on that income? For instance, what type of clothing, cars, homes, vacations, etc.?
Hella lot rich!According to this measurer How close are you to the top 1%? - CNNMoney, $450,000 annually is more than enough to put you in the 1% richest persons in the US. While in the whole world it will come out to be a even smaller percentage.So now you know that with around $ 800k annual salary ( Rs. 5 Crore) you can afford things which the top 1% get to use. You are roughly earning $70k per month which is well above the average annual income of a family in USA. Even after tax its around 50k a month.Buying 2 or 3 new cars like these wouldn't be a problem, thanks to affordable EMI and lease options. Maintaining these beasts would surely cost you significantly.Bentley Continental GT($250k) and BMW M6 Gran Coupe ($130k)Besides these you can buy a house of worth around 3 million with 20% down payment and EMI around 13k at 3% interest rate. Not including prior savings which might enable you to consider a house even more expensive.While talking about vacations you can easily travel business class on a regular basis and first class for a memorable experience. Luxury cruises will also be considerable.Basically, your problems shift from "How am I going to pay for rent/mortgage/car/food/tuition/life" to "What am I going to do about my investments/business/housing market/children/business/social life/spouse/in-laws/business/taxes/lawyers/useless family/over-leveraging myself/maintaining and growing my income?I personally with that kind of salary would first of all think about investing it somewhere where I can earn even while doing nothing ( Business ofcourse). Getting a salary even that high wouldn’t excite me as much as compared to a business profit made by my company even if its half of that amount.At the end of the day its up to you how you spend your money. You have the privilege to luxury things which most of us don't, but you have to be wise enough to choose what is essential or what is waste of money. It doesn't take long even for billionaires to be nearly bankrupt due to unnecessary spending and bad decisions.I hope now you have a brief idea what's its like to earn something close to $800k a year :)
Can I afford $1470 rent on a $58,000 salary?
I have not started work yet so I am not sure how much I'll make per monthly paychecks. There is overtime that will increase my salary by a max of $10,000. I will be living in VA so the taxes may be a bit higher. My other expenses will include: Cell Phone: $70/month Gas: $150/month Internet: $50/month Misc: $75-100/month Any responses will be appreciated. I know it's a bit steep for rent but it's a very secure place and only 9 miles from work. Thanks!
What is the monthly salary of YouTubers with around 200,000 subscribers?
How much money can you make with 200,000 subscribers?If you only count the ad revenue from YouTube its easy.On average 100,000 subscribers gives you $2000 per month. Here’s the table:100,000 subs = $200010,000 subs = $2001,000 subs = $20So, this means that with 200,000 subscribers you’d be making $4000 per month.However, YouTube Ad Revenue should never be your main source of revenue!If you just depend on YouTube to survive you’re dependent on what they give you and the amount of views you get.To get total freedom with a YouTube channel you have to transfer your audience to your mailing list, so you can market to it whenever you want.You can also make money with sponsorships and affiliate products.But there is even a step further which is to create your own products and market them to your audience.With all these techniques there is no limit to how much you can make per month.You can do $10,000, $100,000 or even more if you want to!Hope this helped you out.
How much money will I need to make per hour to make 1,000 dollars a month?
Hello, I am soon going to be moving to Cali, I was looking for a place in the price range of like $800 a month. For everything to work out having that extra $200 a month still may not be enough. I'm trying to figure out exactly how to do this I need some help!
Is 900K HKD per year (75K HKD per month) sufficient for a single person in Hong Kong, from savings perspective?
Average rent $15k/month . Eat conservatively at local Chinese places $6.5k/month. extra goodies $1k/month. utilities $1k/month. transportation $2k/month. This is an average single person living in a normal area where the housing is considered middle to low. Obviously a single person might even want to cut the rent by half and look for an even smaller place but for 15k/month you can get and older building with around 300–400 SQf. So to answer your question, after tax, you are getting 38k for savings or investments. That’s around usd $4800. Your first time for tax with be more but every year after with be around this amount.
Is a 630000 NOK annual salary is enough to live in Oslo with my family (2 kids)?
There some facts left out from your question which would affect the answer:Will your spouse be able to/willing to work?How old are your kids?Living _in_ Oslo is relative, how far are you willing to commute?As an extension to that, where is your workplace?Are you looking to buy or rent?Even though you'll likely find everything in Norway is expensive, living costs will be your largest expense by far. If you buy, expect to pay from 3MNOK and up, unless you settle for a cramped space and/or in a dodgy neighbourhood. A house mortgage is currently quite cheap (3.5% per annum). Renting, depending on the location and level of luxury, will cost you somewhere between 15 and 25.000NOK per month. [1]If your kids go to school, that's completely free. Kindergarten costs 2436 per month for the first child, and 1737,- for the second. [2]If you want to own a car, prepare to be surprised at how expensive it is. A typical family car will cost you about 7000,- a month, everything included [3]. In Oslo, public transportation is a good option, though having kids makes a car attractive nonetheless.As you may or may not be aware, the tax level in Norway is high (35% and upwards), meaning your net pay per month will be around 33.000, give or take. Even considering these quite large expenses, I'd say you can live just fine on a salary of 630k – just don't expect a life in luxury.[1] A query for properties for rent in Oslo, min. 2 bedrooms, 80 square meters: FINN Eiendom - Bolig til leie[2] Hva koster det å ha barn i barnehage?[3] Å eie ny bil koster deg 250 kroner dagen - VG Nett om Bil og trafikk
Where does a low-income person start to successfully move out of their parent's house?
Where I live, minimum wage is $10 per hour, and a shared apartment rents for $400 per room. 2 people * $10 * 40 hours * 4 weeks = $3200 income. Subtract 15% for taxes, is $2700 a month. In theory, housing should be about 30% of your income. That would be about 900. You could easily afford a $900 / month apartment yourself. If you got a $900, two bedroom apartment, you could rent out the other room for $400, - save that $400 for a downpayment on your own home. If you have one to three months free accomodation, you could save up for first and last month's rent as a deposit. Groceries for two adults would be about $400 a month. Where I live, unprepared raw foods have 0% tax, and prepacked, precooked foods have 15% tax added. Buy and cook your own food, and you can save lots of money. Transportation: use a bicycle. Or take transit, $2 per ride, times 2 rides times 2 people times 20 days = 160. Phone: get a landline only. $30 /month. TV: use rabbit ears, or borrow movies free from public library. Internet: you can subscribe to free dialup in many cities, through the university, or take your laptop to the public library when you want to surf.
What yearly income do you need to get a loan for a million dollar home?
The answer to that question, even though it’s mathematically based, has a number of variables that you don’t provide in your question, but I’ll take a stab at it.First, you should be aware that lenders approve loans based on one important number called the Debt To Income ratio (DTI). A quick recap of that principle, for anyone who may not have read the excellent other answers to the question: The DTI involves the total payment for the subject property, plus all debt payments with 10 months or more remaining, plus alimony or child support lasting more than 10 months, plus any calculated negative cash flow on rental properties owned. That sum, called Total Debt, is expressed as a percentage of gross monthly income. A borrower with a $2,000 house payment (PITI), a $500 car payment and gross monthly income of $6,250 would have a DTI of 40% ($2,500/6,250=40%).One important variable you did not mention is how much down payment that borrower would propose to make. If we assume a down payment of 20%, rate of 4.25% and no other debt, a borrower would need to document gross monthly income of $11,800 to qualify at a 43% DTI, the practical maximum for most loans of this kind.For the same situation, but with a 15% down payment (the lender would require mortgage insurance of approximately $325/mo), the borrower would need gross monthly income of $13,200.The picture changes a little if there is any other debt. Let’s say our borrower has a car loan and other consumer debt totaling $1,000 a month. With 20% down, the borrower would need monthly income of $14,200. With 15% down, the required income would be $15,500.