to have a decent life, and that does nOT include kids or a dependent spouse, and you have to GROSS at least another 7% (clear 5%) EVERY year or inflation is eating you up. If you want a kid, and want to raise him/her properly, you need decent spouse and clear at LEAST another 20k a year, per kid, and that's IF your wife is clearing HER 50k a year. if you are not making this sort of money, and I DON'T mean with bonuses or overtime pay, inflation is eating you alive and you CAN'T POSSIBLY save for your retirement or have any kids, or go anywhere, do anything or have anything that amounts to a hoot. t
To clear 50k a year takes grossing at least 80k, and that's $40 an hour. (2000 hours in a basic "work year') So basically, you MUST find a way to at least have a part time, "sideline' biz, preferably on the net, not having to make or hold anything solid in the way of product. If you go at it right, a LARGE, old building, with lots of large rooms, can be turned into a LOT of small "crash pads", for the homeless, and you can get at least $70 a week for them and STAY full, if you are careful about where you locate this place. Gotta have LOTS of homeless in that area, and lots of bad weather (too hot or too cold) so that they can't just camp out and a big shortage of homeless shelters. if there's lots of day labor in the area, that helps them pay you, but they WILL panhandle, deal dope, sell their bodies, sell blood plasma, etc, to pay rent. If your place can accomodate 2 dozen of them, you can clear 30k a year, after paying somebody to manage the place for yuou
After a couple of years (your living expenses paid as you pay them now) you can buy and fix up another such building, then another. It's a bad idea to have them in the same state, much less the same town, in case of flood, massive fires, riot, change in taxes, etc. Pick a part of the country where 3-4 states can be reached in a car trip of less than 100 miles, ideally
To clear 50k a year takes grossing at least 80k, and that's $40 an hour. (2000 hours in a basic "work year') So basically, you MUST find a way to at least have a part time, "sideline' biz, preferably on the net, not having to make or hold anything solid in the way of product. If you go at it right, a LARGE, old building, with lots of large rooms, can be turned into a LOT of small "crash pads", for the homeless, and you can get at least $70 a week for them and STAY full, if you are careful about where you locate this place. Gotta have LOTS of homeless in that area, and lots of bad weather (too hot or too cold) so that they can't just camp out and a big shortage of homeless shelters. if there's lots of day labor in the area, that helps them pay you, but they WILL panhandle, deal dope, sell their bodies, sell blood plasma, etc, to pay rent. If your place can accomodate 2 dozen of them, you can clear 30k a year, after paying somebody to manage the place for yuou
After a couple of years (your living expenses paid as you pay them now) you can buy and fix up another such building, then another. It's a bad idea to have them in the same state, much less the same town, in case of flood, massive fires, riot, change in taxes, etc. Pick a part of the country where 3-4 states can be reached in a car trip of less than 100 miles, ideally
$70 a week is $10 a night. You could have several beds per room, like most hostels. 