The cost of living for one hundred years is between $1.25 mil and $2 mil. That is earning $16,000 each year for one hundred years, which isnt possible, or $20,000 each year for 80 years, which isnt possible either, or $26,000 each year for 60 years. In order to work 50 years, you will have to earn $32,000 each year, from the age of 15 up until the age of 65. Be it you are wise and wish to work for only 40 years from the age of 20 until age 60, you will need to earn $40,000 each year during that 40 years. This is the best scenario, with going in the middle of success, in the middle of the cost of living which is $1.6 million for 100 years of life. This is adding up each cost. Rent and utilities, which is $12,000 each year, plus food cost of $1,500, gas cost of $1,500, phone and entertainment cost of $1,500, plus other unexpected costs of $4,000 throughout the year. If you are lucky you will stumble upon $1.5 million to cover the cost of living for 100 years but after one hundred years you must begin to work again. Or with that $1.6 million you and one other person can cover 50 years of living, but after 50 years you must begin to work again. If you begin working at age 25 by earning $50,000 and receiving a raise each year for 30 years, you will be able to retire at age 55. So you must put in hard to begin this success. Work for 40 years in order to pay for the cost of living without working for 40 years along with the 40 years you work, and you will need to earn $40,000 each year and save $20,000 each year from the age of 20 until the age of 60. Or, if you are 40 years old and want to work for the next 20 years and live the following 20 years without working, you must earn $40,000 each year while saving $20,000 each year. During the years you work you must save what remains after the cost of living is paid each year to make this goal possible, of being able to cover the cost of living after you decide to stop working, whether at age 55, 60, 65 or 70. It is better to get paid more for working less. It is better to work doing what you love to do. It is better to increase the amount earned each year from the previous years. If these truths arent established then your road to success will be very troubled. When will you stop working? Its up to you. When will you get a good start in working enough income. The cost of living can be reduced and at the same time earnings can be increased, whether singly or as a whole.
Posted on: Wed, 04 Dec 2013 23:35:14 +0000
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