Quote:
Originally Posted by ASAP
I think this is highly questionable because it doesn't take into account where you live. I live in downtown Miami and that average is far below median income... and when average rent is 2K, that number really becomes meaningless. I personally think at double that value (on average) ~$150K is where things start to get easier... notable exceptions would be SFO or perhaps NYC but those are very serious outliers... IMHO if you can't do well on 150K a year outside of SFO / NYC... you really need to reconsider what you are doing with your money.
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I live in Miami, I do very well with this. I don't know what you consider living?
I also don't buy frivolous things or go into debt