Inspired by a Reddit thread I came across a while back. How would this income change affect you wherever you are living in the world and at your point in life? Negatively? Positively?
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You wake up tomorrow and your salary is now $50,000 USD (or converted to your currency) annually. How is your life affected?
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It's not that much more than I'm making right now, but it's enough that I would probably move out of my current place and get a one-bedroom so I don't have to deal with roommates anymore. I COULD afford that now, but I wouldn't have enough monthly take-home after the fact to feel comfortable with my decision.
I'd be kind of fucked because that would represent over a 50% pay cut. It would be enough to pay my mortgage, eat some food and leave the lights on, but not much else.
More than I'm making now, especially if it stays in USD. I'm stoked.
Fuck y'all rich and stable jerks. This would improve my life a lot.
Fuck y'all rich and stable jerks. This would improve my life a lot.
It would be a huge pay cut. We wouldn't be able to afford our apartment and put away savings, for sure.
It would be an extra 20K or so more for me, would take the pressure off the mortgage abit and allow me to even pay abit extra. Also would allow me to focus on getting the credit card paid off and maybe be able to afford yearly holidays overseas.
I'm a resident doctor. I work my ass off. It's super stressful. If my income was $50k no matter what I did I'd quit medicine and become a tour guide or a scuba instructor or something. Also I'd have to move because $50k a year doesn't cut it in Chicago.
Making the equivalent of £41k would be almost triple my current pay. I could actually work on building like, savings and shit
I'm a grad student now, so that would be a pretty huge increase. I would probably buy a new keyboard.
I would be making less money. I would probably have to move as I am already accruing debt monthly.
1/10th would suck. There goes the pool, the maid, the quarter million dollar boat and 2 months of vacations. I can't live like that
That would hit me pretty damn hard. My monthly expenses are exceed whatever 50k is monthly. I'd have to move, probably turn in my car and get a vastly cheaper car or used car, completely cancel auxiliary entertainment stuff, and make cuts to the quality of food I buy.
I'd be devastated quite probably.
Edit: Forgot the most important part. I would have to leave immediately.
Just to further expand...
My rent is currently about 1800.
Car is about 600.
That alone is 2400. 50k between 12 is roughly 4166 a month and this is just gross. Let's say that with all deductions it goes down to 3700. Is have about 1300. Not impossible to live off that, but then factor in expanses like my student loan which is only 100 bucks or so, credit card debt is more than ok let's say about 100 extra a month. My phone bill is about 270 with ATT, 90 for Fiber internet. That's another 360 down the drain. I'd have about 600 left over for groceries and other expenses.
It's doable of course but definitely an impact to my quality of life.
I'd be devastated quite probably.
Edit: Forgot the most important part. I would have to leave immediately.
Just to further expand...
My rent is currently about 1800.
Car is about 600.
That alone is 2400. 50k between 12 is roughly 4166 a month and this is just gross. Let's say that with all deductions it goes down to 3700. Is have about 1300. Not impossible to live off that, but then factor in expanses like my student loan which is only 100 bucks or so, credit card debt is more than ok let's say about 100 extra a month. My phone bill is about 270 with ATT, 90 for Fiber internet. That's another 360 down the drain. I'd have about 600 left over for groceries and other expenses.
It's doable of course but definitely an impact to my quality of life.
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I make half that CAD- I'd probably be able to actually find a decent place to live. Basically, don't make video games for a living.
I'd leave, that is a fairly large pay cut. It might convince the spousal unit to go into administration at her school and I would likely be a SAHD.
If I made 50K a year I'd go to this little diner I know it's called Dinah which is both my mother's maiden name and the name of my first pet and it's on 47th 22 Street which I remember 'cause that's the last four digits of my SS#
Massive improvement. We could finally get our house's plumbing fixed and have enough left to help a family member get his roof fixed.
