Can I live off 1200 a month?
The kind of life you can live on $1,200 per month largely depends on the cost of living in your area. My whole life I’ve lived under 1200 a month, just by affordable food options don’t eat out. I bought my condo which costs me $250 a month in fees. My bus pass costs $80 a month, and I earn ~$1600 a month (40hrs).
Can you live on 500 a month?
It is impossible to live on $500 a month in the U.S. the way we are accustomed to living. Forget about renting a house or apartment. Even if you had a roommate in a 1-bedroom apartment, you’d each pay $385 on average. That, together with an average $71 cellphone plan, and you only have $44 left for food.
How much money is enough for a lifetime?
According to the US-based CNBC, it was found that US$1 million may only last someone 12 years, meaning that for 40 years, people would need US$3.2 million, which converts to NZ$4.7 million.
How much is enough to never work again?
The simple answer. The average American household would need an investment portfolio valued at $1,575,900 to never work again. In Canada, meanwhile, the average household would need investments totaling $1,722,500.
Can you spend a billion dollars in a lifetime?
Suppose you had one billion dollars. You could spend $5,000 a day for more than 500 years before you would run out of money. Breaking it down even farther, it means you would have to spend over $100,000 every day for the next 25 years in order to spend one billion dollars.
What does the average person make in a lifetime?
$1.7 million
How much money do you need to live comfortably for the rest of your life?
Here’s how much money Americans think is enough to live comfortably. According to a new survey from Charles Schwab, Americans say it takes an average of $2.4 million to be considered “wealthy.” As for how much it takes to be “financially comfortable,” survey respondents say it’s an average of $1.1 million.