Massachusetts is the most expensive state to live comfortably in. A single adult needs to make at least $116,022 annually or $55.78 per hour. RankStateSalary needed for a single working adult 1 Massachusetts $116,022 2 Hawaii $113,693 3 California $113,651 4 New York $111,738 5 Washin...
In 2023, the median household income in America is roughly $75,000. Therefore, at the very least, we can agree the best income to live a great life is higher. However, a household could be one person or several. To find the optimal income, let's first review the 2023 income tax bra...
When you’re shopping for a home, think carefully about how much of your monthly income you can reasonably dedicate to your mortgage payment. Figuring this out can mean the difference between living comfortably and being “house poor” — struggling to make ends meet month after month. ...
If you’re considering rental real estate, make sure you are ready to become a landlord and ready to accept landlord liability. Also, even though prices have fallen, make sure you don’t overpay for your investment property or loans. That’s why even though I live in Southern California, ...
Why does your debt-to-income ratio matter to lenders? Lenders assess your DTI ratio to determine if you can comfortably afford to make monthly mortgage payments. A solid credit score, stable earnings and exceptional payment history are important. But if your monthly debt repayments already eat ...
If you’re dumb enough to live in California, you should move! I suggested to get my wife that we should move to someplace nice like South-East Florida, or any other place with a low tax rate but she immediately shot down that idea. ...
Out of the major U.S. cities where you will need to make at least six figures to live comfortably as a renter, six are in California. If you're living in San Francisco or San Jose, you'll need to make$164,213.54or $143,670, respectively. Those figures are higher if you're paying...
Given we paid off our primary residence, we don't need as high of a household income to live comfortably. However, it's still fun to have goals. Although $300,000 is way less than the income I feel is necessary to qualify as unequivocally rich ($1M), what we lack in income, we ...
But in Southern California, you’d have to invest eight times that amount and only receive three times as much income. Not worth it. If you’re going to buy real estate, make sure you do it carefully and that the deal makes sense. Also, make sure you are well suited for this kind ...
Arguably the latter, if they receive a basic income sizable enough to live comfortably, and especially if they use their newfound free time in creative and socially beneficial ways. In 1930,John Maynard Keynesarticulated a utopian vision of "technological unemployment." He argued that we would lea...