“A lot to me, not much to you.”
I live in New York City, a place where the income is so different from the rest of the country. But also the cost of living makes things also different. And with that said, we must have the conversation that talks about real money versus low income. And we have to understand what is a lot to some might be little to others. For example, $60,000 per year is not much in New York City, but a lot in Wisconsin where I come from. Then again, I am a single man with no children, so even in New York City $60,000 is good money in New York City for me.
Are you a parent? If so, then you know that children and be quite expensive. And they are the ones that determine if you make real money. Now, at certain amounts of money, we know is amazing. Like athletes and entertainers, but most people are not them. So you have to look at life through a rational lens. And why is it so expensive to raise? It’s because you have to take into consideration neighborhoods, schools districts, clothes, food, health, etc. And that is something that can drive up any cost when looking at income.
Now, here is the part where you can anticipate where you can see how much you can afford. Not just cost of living, but also where you can see what amenities the money can afford you. Because no one just wants to work and survive. We all have wants on top of needs. Just make sure you know what you can afford. Because anything beyond that point is living above your means. Then you find yourself in a weird predicament.
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