Current Events > $3,000/mo for the rest of your life - but you can never earn more, only save.

(+) Yeah! (+)

meestermj posted...

MrToothHasYou posted...

You guys do realize that $36k a year is higher than the median income in the US, right?

This. I live in a capitol city in Canada and 3k a month (US or CAD either one) would be more than enough to live in for me.

Back in my home state of Michigan I could buy a new house for $30,000. Rent for a 3 bedroom house on the lake was only $700/month.

But then you have to live in Michigan.
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sktgamer_13dude posted...

meestermj posted...

MrToothHasYou posted...

You guys do realize that $36k a year is higher than the median income in the US, right?

This. I live in a capitol city in Canada and 3k a month (US or CAD either one) would be more than enough to live in for me.

Back in my home state of Michigan I could buy a new house for $30,000. Rent for a 3 bedroom house on the lake was only $700/month.

But then you have to live in Michigan.

I know. I'll be the first to admit Michgan is hot garbage.
However you could live very comfortable there on 3k/month.
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Cornmuffins posted...

"Just move to the south, easy guys"

No thanks, I like my state and respect myself more than that.

I like Massachusetts but I'm kinda over this whole Winter thing we have every year
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meestermj posted...

sktgamer_13dude posted...

meestermj posted...

MrToothHasYou posted...

You guys do realize that $36k a year is higher than the median income in the US, right?

This. I live in a capitol city in Canada and 3k a month (US or CAD either one) would be more than enough to live in for me.

Back in my home state of Michigan I could buy a new house for $30,000. Rent for a 3 bedroom house on the lake was only $700/month.

But then you have to live in Michigan.

I know. I'll be the first to admit Michgan is hot garbage.
However you could live very comfortable there on 3k/month.

But its Michigan.
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RedWhiteBlue posted...

Can't live off that unless you go to a lessor country.

It's more than the average individual income in America.
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JustMyOpinion posted...

That's the exact opposite of sucking. My options are better such that I don't need/want the deal.

Sounds more to me like you're in too deep right now and you'd lose out on too much by taking the deal. But to heach is own.
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JustMyOpinion posted...

MrToothHasYou posted...

JustMyOpinion posted...

Paragon21XX posted...

JustMyOpinion posted...

AlternativeFAQS posted...

to people who say 3k a month isnt enough to live on, you need a fucking reality check

Kid, shut the fuck up. The cost of living is high in some areas of the US.

So move to a cheaper area. This isn't one of those "money but you can never move away" kind of deals.

Alright. Lemme just sell my house that I bought less than a week ago and find a new job. These are wise decisions.

Actually, you probably can't sell your house because that would constitute making money, no?

Which also sort of defeats the purpose of finding a new job, as well.

Well that seems even less appealing due to the large down payment I had.

You can do whatever you want with the money/property you already have. I didn't specify anything against that---just no earning more from it.

Whatever you get from selling your house you can keep. Just no earning more from it.
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$3000 is pocket change.

Theres only so much netflix and videosgames you can consume. Its gets boring afterwhile.

I quit my job about month ago. Now im bored. I have enough finances to last for couple years without working and that got boring fast. idk what to do. Most of my friends are always working and im always here on CE engaging in pointless conversations like these.

I cant imagine not doing anything for the rest of my life. There's a thrill into making money. Even with petty things like cryptocurrencies.

If I have still had the option to make more money, I would take the 3000 . No option=dealbreaker.
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cerealbox760 posted...

$3000 is pocket change.

Theres only so much netflix and videosgames you can consume. Its gets boring afterwhile.

I quit my job about month ago. Now im bored. I have enough finances to last for couple years without working and that got boring fast. idk what to do. Most of my friends are always working and im always here on CE engaging in pointless conversations like these.

I cant imagine not doing anything for the rest of my life. There's a thrill into making money. Even with petty things like cryptocurrencies.

If I have still had the option to make more money, I would take the 3000 . No option=dealbreaker.

Buy an RV and drive across the country. Just go see things.
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Already make double this and have to option to invest. This is garbage. What can I do on my free time if I can't make more money?
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You can always tell when someone is sheltered when they think of everywhere in the midwest as a shit hole.

ConfessPlease posted...

Already make double this and have to option to invest. This is garbage. What can I do on my free time if I can't make more money?

Whatever you'd like to do, and however you'd like to spend your $3,000/mo income. This is going to be a salary downgrade for you, but you won't have to work anymore. If you enjoy working/don't mind it and like the money you currently reap, vote NO DEAL
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DarkChozoGhost posted...

Youngster_Joey_ posted...

lol I'll never grow tired of CE and their weird ass obsession with living in the most expensive ass places imaginable.

Just an obsession with not living in a shit hole.

There are many places in the south and midwest that aren't "**** holes".

If you're making good money in your expensive northern city, I suggest you retire or move to the south/midwest one day. A $1,000,000-$5,000,000 house in the south is like having a $30,0000,000 mansion in the Hollywood Hills. Except without the Hollywood.
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Capn Circus posted...

There are many places in the south and midwest that aren't "**** holes".

False, unless you're talking about cities like Austin.
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DarkChozoGhost posted...

Capn Circus posted...

There are many places in the south and midwest that aren't "**** holes".

False, unless you're talking about cities like Austin.

I'm not sure what your guidelines are for **** hole, but yes, Austin is modestly large city, similarly to many in the south--Dallas, Houston, New Orleans, Atlanta, etc. All of these areas, including Austin, have gorgeous homes in the suburbs (NOLA a little bit different) where you can own a beautiful home in a wonderful area for a fraction of the cost you'd pay for the equivalent up north or Los Angeles area as an exception.
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Since this is tax free its about twice what I make now, so sure, I take the deal. I can stay home with the kid and not have to pay daycare. Then when shes in school I can post on CE all day! :o

And holy crap, I forget how low cost of living is here until a topic like this comes up. 3k a month wont make me rich but its very very comfortable here.
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In Kansas City you could easily live on $3,000/month. My expenses for the month are:

Rent-$450
Car-$250
Internet-$30
Power-$75
Food-$400

I have a roommate so everything is in half basically. Thats only $1200. You could easily live here on that. Id still rather just keep my earning potential open.
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Sure. I've lived on a third of that.
Inherited my house. All my bills together only come to under $400 a month. Own the cars. A couple hundred for food. Gas for cars. Car and home maintenance would come out of the savings.
There would be a ton left over.

But here's the thing. Even if I was making $10,000 a month. I can't see really changing anything about my life. Sure I could remodel my home immediately instead of little by little over the years. I'd buy a brand new black Toyota Tundra. But that's it. Money would be nice I guess. But I don't need that much and I'm not interested in putting in the effort to get to the point where I could.
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Pretty poverty time in my state/area.

Rent is $500-$800
Car payment is $385

Livable but you better like ketchup sandwhiches. Not to mention I'd lose my mind from boredom.
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DarkChozoGhost posted...

Capn Circus posted...

but you'll never be shoved into some poor house or on the street, either.

Yes, you would. $18 an hour is barely a livable wage, and not in most places worth living.

What?
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$3000 is more than enough to live on in pretty much everywhere in NA. Some areas are higher, but that just means you need a roommate or two.

I honestly do not get the need for a higher min wage, when honesty, it can be a 'livable' wage. Not a good wage, but livable.
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Absolutely yes
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EdgeMaster posted...

Pretty poverty time in my state/area.

Rent is $500-$800
Car payment is $385

Livable but you better like ketchup sandwhiches. Not to mention I'd lose my mind from boredom.

So that means youd have between $1800-$2100 after paying rent and you car. If you cant live off that yo have terrible spending habits.
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It's actually an interesting question when you take into account that it's tax free and adjusts with inflation.

Here's a question though. If I were to run a business in my newly acquired spare time and I just poured all the profit back into the company, I'd be good so long as I don't take any of he money for myself, right?

Also, don't forget to take into account health insurance when you're tabulating your hypothetical budget.

$3,000/month is enough for me to live comfortably and never work again in Thailand while also raising a family. It would be less than I'd make in Canada but as long as my wife worked we would be fine there.
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uhh $3000 tax free with inflation adjustment and to death

What are you guys smoking? That's a lot of money. Easily enough to live comfortably for the rest of your life.

You can't just compare it to what your salary is. Look at your paycheck after taxes and retirement savings are removed.
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electricbugs2 posted...

I make more than this in a month now barely doing anything. Hell no.

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Squall28 posted...

Easily enough to live comfortably for the rest of your life.

No it isn't. It's enough to get by for sure, but not "comfortably." Not enough for a mortgage, groceries, gas, utilities, phone, and maintenance anywhere worth living. And you certainly can't support a family on it. Maybe if you marry someone with a good income you could live comfortably.

Maybe you guys and I have a different definition of "comfortably living." If you just mean "food on the table every night," then sure. But to me, "comfortably" means access to luxuries.
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I make more money than this

Fuck no
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$3000 a month isn't a lot, but not having to work for it would be worth it I think
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I tried the NEET life once for a few months and I'm gonna have to pass on dat

The stress from looking for the job I wanted outweighed the boredom from not working, so living that kind of life now would probably result in me blowing my brains out from boredom after at most 2 months
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no chance, i already earn multiples of that

RedWhiteBlue posted...

Can't live off that unless you go to a lessor country.

No adjustment for inflation, either.

Pass.

You mean a better country with healthcare?
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Those of you saying it's not a lot, I want you to look at your paycheck after everything is already taken out.

I made $62k out of college. However, after everything was taken out( taxes, 401k, etc), it ended up being a few hundred over $3k a month.

And I lived extremely comfortably.

Rent and utilities was maybe $1500. Food and other daily expenses were $500 or less. I was saving a minimum of $1k a month.

I have a feeling you guys are just thinking about this in comparison to your yearly salary. This deal means you don't need to pay taxes or save for retirement.
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Where I live, that's great.
Where do I sign?

Squall28 posted...

Rent and utilities was maybe $1500.

You only get that in a shit hole, or with roomates.
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if you live in london and want a decent place to yourself you'll be spending 3k on rent alone

DarkChozoGhost posted...

Squall28 posted...

Rent and utilities was maybe $1500.

You only get that in a shit hole, or with roomates.

Define shithole.
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Squall28 posted...

Those of you saying it's not a lot, I want you to look at your paycheck after everything is already taken out.

They would have to take out more than 50% of my check to match this
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MacadamianNut3 posted...

Squall28 posted...

Those of you saying it's not a lot, I want you to look at your paycheck after everything is already taken out.

They would have to take out more than 50% of my check to match this

How much do you put in retirement savings?

Also those if you living in expensive cities can easily move. There are tons of good cities with $1k rent.
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$36k a year isn't much, but it's doable here in Wisconsin. If I was forced to accept this I'd have to move back in with my parents for a year or so to build up savings and finish off paying my student loans.

After that, it'd be like $700 a month in rent, no car payment, and like $400-500 a month in other bills. It's definitely doable as a single dude, but if you add in a spouse and kids it becomes untenable.
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Was this created by a teen?

No. I make more than this now.

This is only equal to what, $54k/yr? That's not a lot.
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Pitlord_Special posted...

Youngster_Joey_ posted...

lol I'll never grow tired of CE and their weird ass obsession with living in the most expensive ass places imaginable.

If you aren't living in a studio apartment with roommates in New York or San Francisco, can you really call that living at all?

Not really, sounds pretty gay (unless of course your roommates are opposite sex)
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I'd take this without any hesitation, I've never made $3000 a month before. i could easily live off that, especially since its adjusted for inflation
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Lack of health insurance scares the hell out of me with that 3k.

Sure. After I throw money into investments, I only get like $2000 most typical months anyway. I'd take the money, so I don't have to bother working anymore.
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I'd love to know the professions of most people in this topic
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