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I recently spent a few hours figuring out how much I need to be happy. Happy to me is living comfortable with enough extra cash to go out or take periodic trips
by mikeyur 16y ago
I recently spent a few hours figuring out how much I need to be happy. Happy to me is living comfortable with enough extra cash to go out or take periodic trips without going into debt.
I'm currently living at home and paying off some debt (I'm only 19 so it's still socially acceptable to be living with mom and dad :P).
I wrote out the cost of necessities (rent, phone/internet, food, transportation, healthcare/insurance) and then all of the extras. I want to live comfortable so for rent I said $1500 (about what a 1bdrm condo in Vancouver goes for), food $800 (includes going out to eat and regular trips to starbucks), Phone/Internet $150, Transit pass $100, healthcare $100.
The costs are mostly rounded up, if I can save cash without sacrificing happiness I'll cut costs down. On top of the basics I want to save $500 (minimum) each month and have $2k or so in the "misc" category. This includes clothes, household expenses and extras.
I calculated the amount and it was around $5500/mo. I then recalculated and factored taxes in, I believe it was around $6800/month pre-taxes.
In the past month I've been looking at ways to get this income. I could look into a 9-5 job, but that wouldn't make me very happy. I decided to get a couple clients on retainer with $7k/mo. as my goal. I've already locked down a large client who will cover most of my income for about 40hrs/month of work on my end. I'm quite confident I'll find another client to get me to the goal amount.
I'll be able to live well for approximately 3hrs per day, 5 days a week of work. I'm talking to a startup right now about joining on as a cofounder, and if I do I'm glad I'll be able to work on my own company without having to survive on ramen or live in a crack den.
- jimbokun 16y ago"On top of the basics I want to save $500 (minimum) each month and have $2k or so in the "misc" category." I would recommend swapping the save and misc amounts.