George Kamel
๐ค SpeakerAppearances Over Time
Podcast Appearances
But it's true.
There's a quality of life that your job affects.
And if you have a poor quality of life due to the income or due to the stress or due to the soul sucking nature of that job, get out.
There is work out there for you that you can enjoy and make good money doing.
Well, it's very area dependent.
Metro area, single income, four kids.
Now, I'm going to say you don't have debt.
All right.
Because it's going to now you got to way increase the income.
If you're in crippling debt, you got a bunch of cars, a huge mortgage.
Let's say you have a reasonable mortgage.
You followed our principles.
15 year fixed, 25 percent of your after tax income and no consumer debt.
you can then survive on a decent, let's say a high cost living area, $100,000.
Because if you do the math on that, you're talking six grand a month, probably coming in, maybe five if you're high taxes in California, and you have a reasonable mortgage, that's two grand a month.
You got three grand a month to play with to cover food, utilities, insurance, a little bit of fun money for four kids.
What depends on the kid?
I mean, how old are the kids?
Are they in private school?
All of that matters.