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Video - how much to be comfortable?
Old 02-02-2011, 05:37 PM   #1
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Video - how much to be comfortable?

A recent USA TODAY/Gallup Poll found that a majority of Americans think they need to make more money to live comfortably. Tammy Strobel, a "downsizer," has found happiness in living on only $25,000 a year.
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And if I claim to be a wise man, it surely means that I don't know.
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Old 02-02-2011, 05:48 PM   #2
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I cut my income in half when I FIREd. I also no longer had to pay NYS income taxes or FICA or Medicare payroll deductions.
So I essentially got to keep a higher percentage of my "income".
I double and tripled checked the figures:
(salary + survivor pension - Fed taxes) vs.
(fixed annuity + survivor pension - Fed taxes).

Sounds screwy, but there it is. My downsizing paid off immensely. I'm still chuckling.
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
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