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  • Showing only topics with the tag "cost of living". Back to normal view
    1. How much money would you need to live the life that you want to live?

      Consider the life you want to live, from the essentials to the luxuries. House, car, food, tech, kids, etc. Furthermore, consider where you want to live. Rural France? Downtown Tokyo? For the...

      Consider the life you want to live, from the essentials to the luxuries. House, car, food, tech, kids, etc. Furthermore, consider where you want to live. Rural France? Downtown Tokyo?

      For the purposes of the question I don't want you to think of the life of your wildest dreams (e.g. private jet, personal island, etc.), but I don't want you to think bare minimum either. Focus instead on "comfortable and fulfilling" according entirely to your own standards--a life that lets you live well and follow your aspirations with a sense of financial safety. Do not feel obligated to give a low, reasonable answer if your aspirations are higher, and don't feel obligated to shoot high if you're fine with a lower-cost lifestyle. Set your number entirely based around the desired archetypal life you want, rather than what you think is necessarily achievable based on your current financial situation.

      Furthermore, don't anchor your hypothetical income to real-world standards. If you want to, for example, teach kindergarteners for a living and live in downtown San Francisco, and your desired income is $200,000 USD a year, that's perfectly fine for the purposes of this discussion despite the fact that you would be hard pressed to find a school there in real life that pays that much. I'm much more interested in the hypotheticals of the costs in your life rather than the feasibility of the income. Think of this less as a real-world budget and more of a thought experiment/personal reflection.

      With all that in mind:

      • What are the details of the life you want to live?
      • Where do you want to live it?
      • How much money would you need each year to make that feasible for you, and why?

      I'm not interested in anything exact--just a ballpark estimate. And you don't need to give a full budget or anything. This should loose napkin math at best.

      Also, to make things easier for everyone:

      • Give your money as an amount per year.
      • Give the currency you're using.
      • Use combined income if your desired life involves multiple people.
      • Do not judge someone else's desired life nor income.

      Also, please specify which currency you are reporting in so that people can convert it to their local currency if needed to get a better sense of it.

      15 votes