Annual income to be secure

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How much of an annual do you need to be financially secure?

40 to 50K
7
8%
51 to 60K
5
6%
61 to 70K
16
19%
71 to 80K
19
23%
81 to 85K
11
13%
86 to 90K
4
5%
91 to 100K
9
11%
101 to 110K
2
2%
111K+
3
4%
Other (send comments in)
7
8%
 
Total votes: 83

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Annual income to be secure

Post by Admin » Fri Aug 24, 2018 10:30 pm

How much of an annual income do you and your family need to be financially secure and/or happy? As always, please send comments in and we keep confidential unless you ask us to publish your name. Curious as we see articles like this. https://www.cheatsheet.com/money-career ... cure.html/

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Re: Annual income to be secure

Post by Admin » Sun Aug 26, 2018 11:43 pm

(pushing to top)

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Re: Annual income to be secure

Post by Admin » Mon Aug 27, 2018 8:16 pm

We received 2 comments. We add future comments here too.
-One was 150K as they said 6 kids.
-Another was zero & said happiness not tied to money and can do with whatever.

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Re: Annual income to be secure

Post by Admin » Thu Aug 30, 2018 9:51 pm

Moving to top as getting good feedback... also there were 3 others.
-One was 150K as they said 6 kids.
-Another was zero & said happiness not tied to money and can do with whatever.
-One said 400K.

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Re: Annual income to be secure

Post by Admin » Fri Aug 31, 2018 10:09 pm

.

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Re: Annual income to be secure

Post by Admin » Wed Sep 05, 2018 5:24 pm

As readers of blog know, I am a big reader/fan of Sunday Times. This past week had a feature article on FIRE (which I wrote about) and how some people cut way back and live on less so they can get to a place of financial freedom. https://www.nytimes.com/2018/09/01/styl ... early.html
Then these people live on that lower income and less "stuff"/experiences when they are "retired".

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Re: Annual income to be secure

Post by Admin » Thu Sep 06, 2018 5:48 pm

Great participation with this one. Keep it coming. Thanks!

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Re: Annual income to be secure

Post by Admin » Sun Sep 09, 2018 9:43 am

.

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Re: Annual income to be secure

Post by Admin » Tue Sep 11, 2018 7:38 pm

One issue is of course where you live due to cost of living. As a salary (even a lower one) is many cities goes a lot further than in other cities and can increase financial stability, security, and lifestyle/general happiness.
Here is a calculator from a leading data, demographic, survey company to help you determine if "middle class" or not based on location, income, and number of people in home.
http://www.pewresearch.org/fact-tank/20 ... dle-class/

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Re: Annual income to be secure

Post by Admin » Thu Sep 13, 2018 11:41 pm

4 comments (others) total. One person apparently did not send comments.

-One was 150K as they said 6 kids.
-Another was zero & said happiness not tied to money and can do with whatever.
-One said 400K.
-One in effect said just a good, challenging job that makes a difference, treated well with self-respect. Said 60K if that, or 100K if bad job!

I think last comment interesting point...If you have a job that makes a difference, are respected at work, have growth opportunity, etc. many people may be willing to work for a little (or maybe a lot!) less money. Any more comments in regards to that would be interesting.

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Re: Annual income to be secure

Post by Admin » Sat Sep 22, 2018 10:40 am

.

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Re: Annual income to be secure

Post by Admin » Wed Sep 26, 2018 4:22 pm

Thank you for the feedback. We have posted a blog article summarizing it as well as average income, wealth, etc. I remember when I entered the top 1% by wealth as well as income...Honesty I did not feel anything. As far as happiness, it did not make me any happier, as much of this salary and wealth survey show. Money does not buy happiness. I am still searching for that high level of happiness...i have had moments in the past, but I want/need it to be sustainable.
https://www.needhelppayingbills.com/blo ... happiness/

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