How much do you have to have, to have 'enough?'

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Originally Posted by dmc

Ive always had enough. A roof over my head and plenty of food.

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That's what I say.

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Originally Posted by Life_is_Simple

It is also pretty surprising when you start to think about how much it "costs" to go to work. It goes back to the notion of "real hourly wage." I had the same experience when I went from on-site work to self-employment.

It is so cool that you turned out OVERestimating how much things would cost. And you thought the money wouldn't last, but it did :+1: It almost makes me think that someone out there benefits from us thinking we have to work and work and work.

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Once I discovered YMOYL (after I quit work) and the idea of a "real hourly wage" my eyes were really opened. I still use the concept even in retirement. Keeps me on the right path - the one that means I don't have to schlep off to a job each day :-)! I will say that I am suprised that many people seem to need so much money (millions) and wonder why. Even choosing to live off the interest on a couple of million seems like a pretty high lifestyle. But then I guess medical insurance for a family can get very expensive. I'm curious what people actually spend their money on - especially those with high incomes - so spill people. Enquirering (i.e. nosey) minds want to know :-)!

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Originally Posted by Spartana

I'm curious what people actually spend their money on - especially those with high incomes - so spill people. Enquirering (i.e. nosey) minds want to know :-)!

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Roughly:

$Xk/year charity
$30k/year property taxes
$30k/year ammunition and firearms training expenses
$12k/year food and household supplies
$12k/year educational expenses
$12k/year insurance for property, autos, boats, liability
$10k/year medical insurance
$8k/year boat moorage, maintenance, fuel
$5k/year home repair/maintenance
$3k/year out-of-pocket medical expenses
$??? clothing, misc, travel
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Too much

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Originally Posted by bae

Roughly:

$Xk/year charity
$30k/year property taxes
$30k/year ammunition and firearms training expenses
$12k/year food and household supplies
$12k/year educational expenses
$12k/year insurance for property, autos, boats, liability
$10k/year medical insurance
$8k/year boat moorage, maintenance, fuel
$5k/year home repair/maintenance
$3k/year out-of-pocket medical expenses
$??? clothing, misc, travel
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Too much

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Thanks! I always like to see what people spend their money on beyond the basics. I can see why you'd need millions to fund your lifestyle though. Of course most of yours seems to go for property taxes (YIKES!!) and that little gun hobby :-)! Oherwise it seems like a fairly normal amount of $$'s Probably more than most (way more than cheapskape moi) but less than others.

enough to be happy? zero dollars

enough to have a roof over my head, food in my tummy, healthcare coverage, and some so called "fun" money for life.......i'd say... 300,000 dollars.

if you got people that love you, then you are pretty well set.