What Is Considered a “Good Income”?

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[JeanValjean]

Everything is relative in life. Let's take a random number, say $80K /year. You've got some people who would be like "how could you even live on that? That's nothing." You'd have other people who would say "I wish I made that much, 80K/year would change my life!" It depends on your expectations and lifestyle, where you live, whether you have kids, and a lot of other factors. Ultimately, the important thing is to be able to make more than you spend, have money leftover to invest, and not feel financially stressed all the time.

[Alexvic]

She is below average for all income earners, yet they never mentioned that this is is her first career type of job out of school. For 22-24 year olds she is still making above the average. She is clearly off to a great start

[BrotherhoodWorkshop]

Hi Kelly, if you read this, don't stress about it. You're just out of school finding your feet as an adult in the workplace. I made $30k a year when I was your age. Now I make substantially more. Make a plan for the future yes, but not because you are doing bad, but because you have lots of wonderful things to accomplish.

[Chikou]

Shorty is it saving $1.1k/mo on that income

[xpscsuc]

investment requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myselfMay I ask which investments are good? I've been looking at a few different ones but want others' opinions as well.

[RuesgaOutlawRacing]

It’s not all about what you make, it’s more about what you owe, 36k no debt, is better than 136k living off of credit cards

[littleripper]

Depends on what lifestyle you want. It's more about staying within budget than income. I know people who make $40k/year who own a cheap apartment and people who make $80k who are living paycheck to paycheck as a renter.

[mikespain]

To be that young, educated, debt free, and saving $1100 per month, you are doing good. Keep thinking about short and long term goals, and keep the hustle. You have a bright future.

[dialac]

The fact she’s able to save over $1000 a month on that income is amazing

[jlittleton]

My thing is he’s saying the avg income of a household is 78K usually that means two people

[JamesRiddle_Christ_is_King]

$20 an hour at 45 hours a week, understanding that may not be average hours, with time off still probably equates to 45-50 K a year. She clears 36. I would say for a single person at age 23, that may not be on the low side.

[ClearThirty]

At 21 I was making 27k and blowing it while moving at home. She is off to a fantastic start.

[nickbrian]

I just want to add it’s not about how much you “make” it’s how much you “keep”!

[cutlerylover]

a good income depends on what lifestyle you want...if your life costs a lot you need a great income if you live modest you can do it with a good income lol...Doesnt matter what you make as long as your happy with your life and pay all your bills and can still save a little on the side..

[bleshjjdnit]

I started selling my AMD shares that I bought for $12 back in 2018 and i am sitting on roughly about $300k. Am i better off putting the money somewhere else or sit out and wait for a correction?

[Rzamortis]

A good income is one that allows you to be under 50% of spending on needs while saving at least 15% for retirement.

[bennyng]

She said 36K after tax, that mean she is making at least 50K before tax

[Robmar]

Household income vs Single income is like comparing apples to oranges. Just like comparing median income vs average income in the US.

[Mr.Boring_Man]

She makes $36K AFTER taxes with ZERO debt and living below her means. She's 23. With her discipline and drive, she's doing INCREDIBLE. Go Kelly!

[chalpua]

To afford a good life you need to make 150k plus. This will get you in most places a nice house, cars paid, investment for retirement, and enough money to be comfortable with kids/vacations. If you arent clearing 200k a year combined, you likely will always be struggling throughout life.