Tag Archives: Curiousity

At what income do you think this is possible?

By thebudgetingtool | Published June 28, 2012

I’m curious — at what (gross) income do you think it is possible to do each of these things?

  1. Eat out for lunch everyday (at least $10 each time)?
  2. Go and get a massage (or to the spa) twice a month?
  3. Never take public transportation, only taxicabs?
  4. Go to somewhere fancy like Whole Foods and eat/shop there exclusively?
  5. Go on vacations once a year ($5000 per person)?
  6. Max out retirement plans?

You can set an income for all, or per item.

 

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What should my net worth be?

By thebudgetingtool | Published March 19, 2012

Net Worth. Everyone keeps talking about it, no one thinks they have enough and everyone is worried that everyone ELSE has more.

Frankly, you shouldn’t care about anyone’s net worth other than your own, and stick to the golden rule of: Save as much as you can of your own money.

However, you still want to know what the benchmarks are, right?

(I do too)

Here’s a summary of all the different ways you can benchmark your net worth in terms of age and income:

  • Classic ‘Millionaire Next Door’ Calculation
  • Realistic Classic: Taking into account your student debt
  • Net Worth Calculators by Age or Income
  • Net Worth IQ
  • Other Bloggers
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