$10K would wipe out my debts $20K would enable me to get transport too $500K would do all that plus let me get a home so I wouldn't have to be a rent slave anymore $5 million and I'd not even need to work to survive anymore.
I have 30,000.00 in medical debt on my credit card! My father passed with 88000.00 in medical debt! Don’t even try to get me to feel sorry for any CEO! One down many more to go!!!!
Some good advice, never pay Medical Bills with Credit Card. Get the treatment and then pay em $5.00 a month on the bill. Tell that's all you can afford. Make them take to court. They won't. Credit Cards are ripping you at 25% interest or greater. Bad Idea.
@@Marvinmartionno actually this is decent advice. At the very least OP try to transfer your credit card debt to SOME kind of new card with a 0.0% apr to pause that horrible interest for either a year or 6 months . Any interest over 16% is highway robbery in this current era.
It’s not just predatory landlords, it’s the companies that help them fix prices. They encourage landlords to leave units empty with the goal of forcing tenants to pay higher and higher rents.
The predatory rental system in Florida is horrendous. So many people have been priced out of their rented homes/apartments by it. I had a friend who lived in a one bedroom, one bath apartment. No central AC (only window unit), no dishwasher, no garbage disposal...very basic quarters. She got a letter from the management company from her apartment that her rent was going up $500 (a 44% increase)! Several cities in Florida were talking about enacting rent control and the FL GOP-led legislature fell over itself to pass a state law that no city could enact rent control. Because it's not pro-business. The rich-bribes politicians in FL did their masters proud. SMDH
@@HattieLankford-24It's a SHINING reference... The YT algorithm doesn't recognize & flag the speaker for 1 word... Did you live through the height of the pandem? SM was whacking users for objectionable terms.....
Given the population of the US and Musks $54 M per day - he could give up his salary for just 2 weeks and give every single US citizen $1 M each! And he wouldn't miss it for a minute. Personally, $100k would pay off all of our debt and finish our needed house projects. That kind of security would be seriously life altering.
He definitely has enough to share but not quite that much: there are 350 million Americans and 54 million x 14 days would only give each of us a bit over 2$ each.
Absolutely agree that we need a UBI program in America; Bernie attempted to rally Congress behind such a thing during the height of COVID lockdowns to prevent mass suffering, but even that was reduced to a one-time lump sum of $1,200/person initially. For me, a life changing amount of money (without being greedy) would be around $500k, broken down below: - $120k for complete student loan clear, which would allow me to seek more robust compensation for my field. - $25k to own my car free and clear - $15k to pay off my credit cards and small loans - $100k to deal with physical and mental health issues that my current insurance and job cannot provide coverage for - $40k to repay my retirement account for expenses I had to take out against my benefit package - The remaining $200k to secure more permanent housing, as my area is very renter-unfriendly, and rental prices are rising faster than I can keep up with
I actually spend some time figuring this out about a year ago. For my family of four, the minimum amount to make a "big impact" in my opinion would be about $400,000. That would pay off all debts, and my mortgage, and future-proof my home a bit. If I got absolutely everything that I wanted in life, I would not be able to spend over $3 million. As a person who received a lump sum payment once, it does go very quickly. It needs to be allocated before it enters your bank account. I use that payment to purchase my solar system that has always already saved us money. The problem isn't how they are painting the poor and working class as lazy or selfish or stupid with how they spend their money. Cost of living versus wages, without luxuries, has just become unaffordable. We have to elect people who aren't part of the system already. We need representation of the people, for the people, by the people. Trusting Millionaires and Billionaires isn't getting us anywhere.
I think it should be illegal for ANY living space to be owned by a corporation. Sole proprietorship or Partership only! If something goes wrong in a rental, there should be a name on the property to hold accountable.
A grand or two a month would make a big difference. It wouldn't pay off my debt but it gets it down a lot faster. I would have more wiggle room in my budget and could save more. I could fence my backyard (and expand my gardening). BTW an extra ten grand a year is about $5/hr. It's not an insane leap in pay and most employers probably wouldn't bat an eye but it's rare to get that much of a raise at once.
As soon as I saw your thumbnail I had the same thought that you expressed in this video. Thank you for using your platform to inform/ guide your audience and hopefully others on this and so many other important points! 👍🤞
Currently debt free. In Texass. Considering I want to move to a blue state, $700,000. Only because the price of housing, and moving myself would cost so much.
Honestly we'd have enough money now if we could be guaranteed that health care (including end of life care) would be covered. I'm good at budgeting and saving but those unpredictable expenses are...well, unpredictable. And the squeezes are hard to navigate around, like you're saying. I don't mind working within a system; I have a pretty systematic mind and approach to money. But it feels like the rich can change the rules whenever they want.
I love this statement! We are incredibly privileged … if I’m honest with myself, we probably don’t need more money - i need less stress around healthcare costs. I need to not be fighting my insurance company over paying for every prenatal care appointment. I need them to cover the care they claim to cover at the rate they said. … Or about $100k paid directly to our medical care team so I don’t have to think about the medical costs of being pregnant & having kids.
my wife an I are retired we both receive a monthly pension check which covers our living expenses. Here in Austria we have free public health care which is very good. The medications she needs are very affordable. I would like to get our roof renewed, estimated 25,000 Euros. That is perhaps our only worry. I wouldn't change our lives or the way we live, but it is the only thing I truly worry about. We own our home free and clear, we don't need or own a car.
I’m encouraged by some conversations I’ve had lately with a couple moms at church. They are waking up to the lies of the T administration. These families are getting scared of the next few years, and regret their support of the Republican Party. That’s not to say that they like the Democrats now, but that they recognize the need for reformation in both parties. That’s progress! 😊
I think there’s something to be said for the things money buys. A free home or vehicle could do a lot more to help me than a cash sum, and it’d probably be less expensive.
It would take less than 10K to get me out of debt. But, I rent, so to really change my life 400K? I haven't looked at home prices in a while. that might get me something small with a postage stamp size yard.
I've made so little for so long that I'm completely out of touch with what amount of money would be life changing for me. I have no clue where to begin because even having $1000 to be able to pay rent for a month feels like changing at this point
Right?! Dental services are healthcare too! I'm planning a trip to Mexico next summer (hope my teeth can wait that long) The cost here is more than I can afford.
i think just an extra 20k a year would be transformative for me. even with the higher taxes. because i am just above the tax bracket to get gov benefits, but not enough to afford what i feel i need to keep my house and car in safe condition.
A $1 million CD that rolls over every year would make about $105 thousand which is decent depending on where you live. It would also be taxed at only 15% because it's capital gains so 'I'd net $89,250.00 which is a comfy enough salary with some budgetary discipline and no bad luck. Twice that and I could afford the occasional emergency and health care.
I think the limitation to that solution is that it treats money and power as separate concepts, and expects power to control money without functionally separating them. You really need universal basic services, and "consumption" to be luxuries, not necessities. As long as people have to pay neo-nobles to access the means to live, they're going to have the power.
$500,000 would pay off my $160k in student loans and my $350k mortgage. I’d just be happy with zero student loans. I went into major debt to fill a teacher gap. I’ll never earn it back.
10k pays all our non-real estate revolving debt, 30k does that and pays the property and buildings off, 50k all that and we have a habitable building on paid off land. A girl can dream lol! Right now we are still paying off pandemic debt, if we can avoid emergency spending that revolving debt falls away in the next 11 months, we are sooooo close!
160,000 would pay off our house and all of our debt. After that, the 4,500/month we make would be more than enough to live easily. Now, about 600,000 would REALLY change our lives as it would allow us to live our big dream move back home to CA buy a house in the forest and be with our family and friends again.
$200,000... wipe out credit card debts and car payment. My spouse is being laid off next year and will lose all benefits, so having all debt paid off would help a lot.
$100k would pay off my house, clear my credit cards, pay for replacing the bad sewer pipe beneath the slab of my house, but if we're talking just living? An extra $1k a month. Right now I am very worried that MAGA's going to f' with S.S. as my wife is disabled and that 1k a month she gets pays the mortgage. If we loose that, then I'll have to default on my credit cards and stop buying groceries to cover it. I've been homeless once, I'll die first before I'll do it again.
I won 5.8 million and told them to give it to some one else. I love my life and I know, KNOW it would ruin my life. I have been broke and I have had money in my life, I like the poorer person better than the one who had loads of money. some might say i am a fool, but experience is a great teacher.
In my current life situation ( college student living at home to save money) if I had just like 10,000 dollars I could finally afford a used car and that opens up sooooo many opportunities for me socially and job wise, and maybe have some extra to go to the dentist 😬
I don't think there will be a next time. I think things will continue to get worse and worse. The plus side in that is that slowly more and more people will wake up to the fact that the system is broken beyond reform. People will wake up when the broken system starts squeezing them out of the life they are comfortable with.
I live in a medium cost of living area where $90K is considered comfortable “enough.” But there aren’t many jobs in rural areas where the cost of living is lower. I do want to make more money than that again, but I truly want a resource-based economy that focuses on degrowth.
Gah! I need a lottery win. 800,000 would get me out of debt, (medical bills, home, student loans) and living in house that isn't falling down because my insurance company won't pay to fix hurricane damage.
If I had $1000/mth, I'd do well. The only way to keep the rich from getting so rich, is for everyone to be self reliant. Collect skills and quality tools. The internet is a gold mine of diy information. Use it to your advantage.
This is an interesting question. To ponder this fully, I believe another way to ask the question is: what would it take to work for no pay? Most work paycheck to paycheck at a unfullfilling job. What would it take to work for the joy of it?
$40k. That's how much the masters degree that people at FEMA said I needed to get a job cost. Of course, I couldn't even get an interview before the orange alpha hotel got reelected, no way in hell I'd get hired now.
I think paying off my house would make a significant difference- that’s about 250k. But I would much prefer our healthcare be covered for life because even if I had a few million I would be worried it could be gone quickly with a major emergency, assisted living, etc. Sometimes I wonder about how much it would take to change someone’s life in a poorer country/situation from mine. I sponsor a child in Ecuador and I wonder how much would their answer be. Maybe just a thousand?
I am fortunate to know what is truly "enough" for me. Basically a modest living wage plus a little extra. It will be different for everyone. I guess $54M isn't enough for some people...
it's more a question of how much over how long a time. because 250 a month will fill the gap between costs of living and income. But if we are talking a lump sum we have to start thinking in the 100-200k area invested in high interest generating assets to build sustainable financial security. In the long run I'd rather have my healthcare, ability to afford higher Education, paid sick and family time, paid vacation, a living minimum wage, affordable housing options, robust and enforced anti trust laws and punishment for price gouging, the chance to retire some day, etc... If we could do those things I wouldn't need any additional money to dream about magic windfalls.
$135,000 to pay off my mortgage. $80,000 to reimburse my sister who’s been helping me financially. Probably $200-500,000 for infrastructure investment and improvements. So conservatively, about 3/4 of a million. But that would leave me in self-sufficient position, or close to that.
Its interesting that you mentioned UBI. If corporations are allowed to eventually replace the vast majority of workers with AI and automation. It would creating mass/extreme unemployment and some level of UBI would be nessassary otherwise there could be more people starving and living on the streets than living in homes.
$500k would allow me to pay off my outrageous student loans (which I think should have been forgiven, considering that my grad school college was for profit and I didn't realize what that meant when I started). It would let me set aside a little money too.
$2000. An autism diagnosis is about $2000, and that would significanly change the course of my life. It would open more doors and make more accomodations accessable for me. High end? $1Mil. I literally cannot picture that much moeny, even. Invest half, use the other half to buy a house, and I'm almost certain I'd be able to live comfortably for the rest of my life on that
Enough to pay off debts, and buy a four bedroom house so that my husband and I, my daughter and her husband, and their children could all live in one house, along with enough to pay the taxes for it and to meet monthly expenses. Dreaming bigger, that on 60 - 80 acres, with a good water source, and around half of it in woodland would be heaven.
I’m not from the US, but I would need an anual salary of $36 000 after taxes to greatly impact my quality of life. And to be honest, I wouldn’t feel comfortable having a higher income. I would be able to pay for all the doctor visits, medications and tests that are not covered by the public health system of my country. I would be able to pay someone to come help me clean once a week and pay an actually fair wage! I would be able to avoid going hungry for hours or entire days due to not being able to move due to my health issues, because I’m afraid to spend too much money on a delivery (prices here are high, but not as crazy as in the US). I would be able to save for retirement which I know will be expensive for me due to mobility issues. And lastly, it would allow me to support other people economically when they need it, like a single mother of two that I know or pay some private doctor appointments for the parents of my best friend.
You point out that a life changing amount of money, isn't a huge sum. However, if you look at that amount broken down into 12 monthly installments, instead of as a windfall, you really see how reasonable it would be to change people's lives for the better.
I would love to pay off bills, but more importantly I would desire to help others as long as I can afford to pay my monthly bills, have food and nationalized health. It's not about me. For me it is about society and helping others.
My magic number is 50k. It would take care of all my debt, my medical bills I'm about to accrue and enough to buy a $10,000 car. I'm just asking for the basics.
I don't know how we can possibly believe by this point that electing democrats, the other rightist party, is going to have any meaningful benefit. Both parties generally support the same policies. The only real differing is identity politics, which is just window dressing.
I think the original video was asking about financial security or stabilizing your standard of living or making life a little bit less miserable and less of a struggle. Not like if I had $100 million... but rather what is the minimum amount that would make a hugely impactful difference in my life?
With a billion dollars I could set up a not for profit for perpetuity, invest safely, and encourage small businesses by setting up interest free grants to start up, working with local small business associations. With conditions that they would hire others who might not have been given opportunities; pay it forward so to speak. I’d fund inventions that seem to have hope for the future, for a small share of the company, to perpetuate funding more inventions. I’d work with university sororities to set up mentorship programs for young girls in low income areas who need role models and goals. With students who would like to attend veterinary school but don’t have the funds; with a contract that they would provide pro bono spays and neuters for pets in a traveling van for a year. All I’d want for myself would be a housekeeper and handyman/yard maintenance eight hours a week each. Maybe a month to travel each year. For the NFP, an excellent trial attorney, tax attorney, bookkeeper and staff for the programs. Hoarding wealth would not be on my list.
lol......but allll of those things require bigger government and some poor people along with billionaires are more afraid of gubment than the exploiters
I had what would be 1 million dollars of crypto stolen a little over a year ago. I had kept that crypto for over 12 years at that point. I am still not over it. That was my retirement. It would have helped. Now I am fuct and will have a very long, poor, and hard retirement.
We need to consume less on unnecessary things, drive less etc. which will result in more time for ourselves and our loved ones. By showing to others around us that we are truly happy and less stressed by consuming less.
I haven't bought new clothes since I was a teenager, I only drink water and milk, I never travel outside of my city. I still have to starve for a week or two when my kids need new shoes or winter clothes.
$10K would wipe out my debts
$20K would enable me to get transport too
$500K would do all that plus let me get a home so I wouldn't have to be a rent slave anymore
$5 million and I'd not even need to work to survive anymore.
This is every body!!!
I have 30,000.00 in medical debt on my credit card! My father passed with 88000.00 in medical debt! Don’t even try to get me to feel sorry for any CEO! One down many more to go!!!!
Some good advice, never pay Medical Bills with Credit Card. Get the treatment and then pay em $5.00 a month on the bill. Tell that's all you can afford. Make them take to court. They won't. Credit Cards are ripping you at 25% interest or greater. Bad Idea.
@ gee that was helpful NOT!!!!!
@@Marvinmartion Your the idiot that paid the bill with a Credit Card 25% plus interest. Maybe NEXT TIME YOU"LL THINK !
@@Marvinmartionno actually this is decent advice. At the very least OP try to transfer your credit card debt to SOME kind of new card with a 0.0% apr to pause that horrible interest for either a year or 6 months . Any interest over 16% is highway robbery in this current era.
@ I’ll wave my magic wand and presto! I don’t know what world you live in but I know I don’t live there.
I could live like a queen if I had a yearly income of $25,000. I'm living below the poverty level at the moment.
Enough to buy some land and build a small home.
Currently debt free. Would like to stay that way.
It’s not just predatory landlords, it’s the companies that help them fix prices. They encourage landlords to leave units empty with the goal of forcing tenants to pay higher and higher rents.
The predatory rental system in Florida is horrendous. So many people have been priced out of their rented homes/apartments by it. I had a friend who lived in a one bedroom, one bath apartment. No central AC (only window unit), no dishwasher, no garbage disposal...very basic quarters. She got a letter from the management company from her apartment that her rent was going up $500 (a 44% increase)! Several cities in Florida were talking about enacting rent control and the FL GOP-led legislature fell over itself to pass a state law that no city could enact rent control. Because it's not pro-business. The rich-bribes politicians in FL did their masters proud. SMDH
Blame grant cardone.
Citizens united redrumed the American dream
🤔 deredrum?
The crushing lasting consequences of citizens United is a dark stain on our nation.
@@HattieLankford-24redrum is unalived backwards.
@@HattieLankford-24It's a SHINING reference... The YT algorithm doesn't recognize & flag the speaker for 1 word...
Did you live through the height of the pandem? SM was whacking users for objectionable terms.....
@@HattieLankford-24 Read it backward.
Given the population of the US and Musks $54 M per day - he could give up his salary for just 2 weeks and give every single US citizen $1 M each! And he wouldn't miss it for a minute.
Personally, $100k would pay off all of our debt and finish our needed house projects. That kind of security would be seriously life altering.
He definitely has enough to share but not quite that much: there are 350 million Americans and 54 million x 14 days would only give each of us a bit over 2$ each.
Absolutely agree that we need a UBI program in America; Bernie attempted to rally Congress behind such a thing during the height of COVID lockdowns to prevent mass suffering, but even that was reduced to a one-time lump sum of $1,200/person initially.
For me, a life changing amount of money (without being greedy) would be around $500k, broken down below:
- $120k for complete student loan clear, which would allow me to seek more robust compensation for my field.
- $25k to own my car free and clear
- $15k to pay off my credit cards and small loans
- $100k to deal with physical and mental health issues that my current insurance and job cannot provide coverage for
- $40k to repay my retirement account for expenses I had to take out against my benefit package
- The remaining $200k to secure more permanent housing, as my area is very renter-unfriendly, and rental prices are rising faster than I can keep up with
It seems that corporations' main work is to assert that our needs are wants and our wants are needs.
At this point none, however if I had Healthcare guaranteed it make me totally secure. That would change my life totally.
I actually spend some time figuring this out about a year ago. For my family of four, the minimum amount to make a "big impact" in my opinion would be about $400,000.
That would pay off all debts, and my mortgage, and future-proof my home a bit. If I got absolutely everything that I wanted in life, I would not be able to spend over $3 million. As a person who received a lump sum payment once, it does go very quickly. It needs to be allocated before it enters your bank account. I use that payment to purchase my solar system that has always already saved us money.
The problem isn't how they are painting the poor and working class as lazy or selfish or stupid with how they spend their money. Cost of living versus wages, without luxuries, has just become unaffordable.
We have to elect people who aren't part of the system already. We need representation of the people, for the people, by the people. Trusting Millionaires and Billionaires isn't getting us anywhere.
I think it should be illegal for ANY living space to be owned by a corporation. Sole proprietorship or Partership only! If something goes wrong in a rental, there should be a name on the property to hold accountable.
2 million would allow us to retire and live off the interest. I want to be free from the predatory labor market
Yeah. Who works like a slave so you can make that interest?
it would depend on how it was invested
A grand or two a month would make a big difference. It wouldn't pay off my debt but it gets it down a lot faster. I would have more wiggle room in my budget and could save more. I could fence my backyard (and expand my gardening).
BTW an extra ten grand a year is about $5/hr. It's not an insane leap in pay and most employers probably wouldn't bat an eye but it's rare to get that much of a raise at once.
Ive been talking about this for years. I just didnt know what I was talking about until I heard this term "permaculture"
As soon as I saw your thumbnail I had the same thought that you expressed in this video. Thank you for using your platform to inform/ guide your audience and hopefully others on this and so many other important points! 👍🤞
Currently debt free. In Texass. Considering I want to move to a blue state, $700,000. Only because the price of housing, and moving myself would cost so much.
Lovely earings
My only concern with ubi is that if it is implemented, landlords will just go up on rent because of greed and the belief that people can afford it.
Exactly! UBI can't work unless regulations are enacted to keep corporate greed away from basic income.
Honestly we'd have enough money now if we could be guaranteed that health care (including end of life care) would be covered. I'm good at budgeting and saving but those unpredictable expenses are...well, unpredictable.
And the squeezes are hard to navigate around, like you're saying. I don't mind working within a system; I have a pretty systematic mind and approach to money. But it feels like the rich can change the rules whenever they want.
You've hit the nail on the head, once again!
This is EXACTLY what I do- it’s so important to learn to live on less.
I love this statement! We are incredibly privileged … if I’m honest with myself, we probably don’t need more money - i need less stress around healthcare costs. I need to not be fighting my insurance company over paying for every prenatal care appointment. I need them to cover the care they claim to cover at the rate they said. … Or about $100k paid directly to our medical care team so I don’t have to think about the medical costs of being pregnant & having kids.
$2K would solve an ability to work challenge. Next would be paying off the house.
my wife an I are retired we both receive a monthly pension check which covers our living expenses. Here in Austria we have free public health care which is very good. The medications she needs are very affordable. I would like to get our roof renewed, estimated 25,000 Euros. That is perhaps our only worry. I wouldn't change our lives or the way we live, but it is the only thing I truly worry about. We own our home free and clear, we don't need or own a car.
Not having monthly insurance costs would make a pretty big difference in many lives
I’m encouraged by some conversations I’ve had lately with a couple moms at church. They are waking up to the lies of the T administration. These families are getting scared of the next few years, and regret their support of the Republican Party. That’s not to say that they like the Democrats now, but that they recognize the need for reformation in both parties. That’s progress! 😊
I think there’s something to be said for the things money buys. A free home or vehicle could do a lot more to help me than a cash sum, and it’d probably be less expensive.
It would take less than 10K to get me out of debt. But, I rent, so to really change my life 400K? I haven't looked at home prices in a while. that might get me something small with a postage stamp size yard.
$10k would be pretty life altering, but a quarter to half a million dollars would see me free for life.
25,000 would pay off all our debt. We rent so another $200,000 or so we could buy a home
I've given up on ever paying off my medical debt. 200k would buy me a house, modest one, and that would change everything
Almost anything right now since I'm currently unemployed.
I've made so little for so long that I'm completely out of touch with what amount of money would be life changing for me. I have no clue where to begin because even having $1000 to be able to pay rent for a month feels like changing at this point
$750k. Pay off my mortgage and finance my kids education.
Just a couple grand to fly out of the country so i can see a dentist
Right?! Dental services are healthcare too! I'm planning a trip to Mexico next summer (hope my teeth can wait that long) The cost here is more than I can afford.
i think just an extra 20k a year would be transformative for me. even with the higher taxes. because i am just above the tax bracket to get gov benefits, but not enough to afford what i feel i need to keep my house and car in safe condition.
A $1 million CD that rolls over every year would make about $105 thousand which is decent depending on where you live. It would also be taxed at only 15% because it's capital gains so 'I'd net $89,250.00 which is a comfy enough salary with some budgetary discipline and no bad luck. Twice that and I could afford the occasional emergency and health care.
A 10% rate on a CD?
I think the limitation to that solution is that it treats money and power as separate concepts, and expects power to control money without functionally separating them. You really need universal basic services, and "consumption" to be luxuries, not necessities. As long as people have to pay neo-nobles to access the means to live, they're going to have the power.
@@kobaltkween ☝🏾✨🎯🎯🎯🎯🎯🎯✨
$500,000 would pay off my $160k in student loans and my $350k mortgage. I’d just be happy with zero student loans. I went into major debt to fill a teacher gap. I’ll never earn it back.
10k pays all our non-real estate revolving debt, 30k does that and pays the property and buildings off, 50k all that and we have a habitable building on paid off land. A girl can dream lol! Right now we are still paying off pandemic debt, if we can avoid emergency spending that revolving debt falls away in the next 11 months, we are sooooo close!
160,000 would pay off our house and all of our debt. After that, the 4,500/month we make would be more than enough to live easily. Now, about 600,000 would REALLY change our lives as it would allow us to live our big dream move back home to CA buy a house in the forest and be with our family and friends again.
$200,000... wipe out credit card debts and car payment. My spouse is being laid off next year and will lose all benefits, so having all debt paid off would help a lot.
$100k would pay off my house, clear my credit cards, pay for replacing the bad sewer pipe beneath the slab of my house, but if we're talking just living? An extra $1k a month. Right now I am very worried that MAGA's going to f' with S.S. as my wife is disabled and that 1k a month she gets pays the mortgage. If we loose that, then I'll have to default on my credit cards and stop buying groceries to cover it. I've been homeless once, I'll die first before I'll do it again.
I won 5.8 million and told them to give it to some one else. I love my life and I know, KNOW it would ruin my life. I have been broke and I have had money in my life, I like the poorer person better than the one who had loads of money. some might say i am a fool, but experience is a great teacher.
Just enough to pay off my house. No more. That would give me security going into retirement. My car is paid and I don’t carry debt.
In my current life situation ( college student living at home to save money) if I had just like 10,000 dollars I could finally afford a used car and that opens up sooooo many opportunities for me socially and job wise, and maybe have some extra to go to the dentist 😬
I don't think there will be a next time. I think things will continue to get worse and worse. The plus side in that is that slowly more and more people will wake up to the fact that the system is broken beyond reform. People will wake up when the broken system starts squeezing them out of the life they are comfortable with.
Medical, housing, food (also energy/transportation). It's all stuff people need.
I live in a medium cost of living area where $90K is considered comfortable “enough.” But there aren’t many jobs in rural areas where the cost of living is lower. I do want to make more money than that again, but I truly want a resource-based economy that focuses on degrowth.
10k to get rid of my credit card debt....it's essentially unplayable at this point due to interest costs.
2 million would probably let me retire, get both knees and both hips replaced, and move into a house with a finished basement.
Gah! I need a lottery win. 800,000 would get me out of debt, (medical bills, home, student loans) and living in house that isn't falling down because my insurance company won't pay to fix hurricane damage.
UBI of $1500 per person, per month would be life changing for all.
Since most of my expenses are monthly, I think of it in terms of a monthly cycle. At this point, an extra $2,000/month would be enough for me.
Enough to buy a reliable live on boat so I can live aboard and be able to adjust to the rising seas.
$50,000 to pay medical and personal dept created from insufficient income.
If I had $1000/mth, I'd do well.
The only way to keep the rich from getting so rich, is for everyone to be self reliant. Collect skills and quality tools.
The internet is a gold mine of diy information. Use it to your advantage.
yeah i kinda just got a passport and left. Wasnt that complicated. 8 yrz later chillin.
Universal healthcare combined with $150,000. It would clear all debts, make accessibility changed and provide a cushion
This is an interesting question. To ponder this fully, I believe another way to ask the question is: what would it take to work for no pay? Most work paycheck to paycheck at a unfullfilling job. What would it take to work for the joy of it?
$40k. That's how much the masters degree that people at FEMA said I needed to get a job cost. Of course, I couldn't even get an interview before the orange alpha hotel got reelected, no way in hell I'd get hired now.
I think paying off my house would make a significant difference- that’s about 250k. But I would much prefer our healthcare be covered for life because even if I had a few million I would be worried it could be gone quickly with a major emergency, assisted living, etc. Sometimes I wonder about how much it would take to change someone’s life in a poorer country/situation from mine. I sponsor a child in Ecuador and I wonder how much would their answer be. Maybe just a thousand?
I am fortunate to know what is truly "enough" for me. Basically a modest living wage plus a little extra. It will be different for everyone. I guess $54M isn't enough for some people...
it's more a question of how much over how long a time. because 250 a month will fill the gap between costs of living and income. But if we are talking a lump sum we have to start thinking in the 100-200k area invested in high interest generating assets to build sustainable financial security. In the long run I'd rather have my healthcare, ability to afford higher Education, paid sick and family time, paid vacation, a living minimum wage, affordable housing options, robust and enforced anti trust laws and punishment for price gouging, the chance to retire some day, etc... If we could do those things I wouldn't need any additional money to dream about magic windfalls.
$135,000 to pay off my mortgage. $80,000 to reimburse my sister who’s been helping me financially. Probably $200-500,000 for infrastructure investment and improvements. So conservatively, about 3/4 of a million. But that would leave me in self-sufficient position, or close to that.
Its interesting that you mentioned UBI.
If corporations are allowed to eventually replace the vast majority of workers with AI and automation. It would creating mass/extreme unemployment and some level of UBI would be nessassary otherwise there could be more people starving and living on the streets than living in homes.
A one-time payment, or a recurring payment? One time: $100,000. Recurring: $10,000 annually. Assuming it's all tax-free.
$500k would allow me to pay off my outrageous student loans (which I think should have been forgiven, considering that my grad school college was for profit and I didn't realize what that meant when I started). It would let me set aside a little money too.
$2000.
An autism diagnosis is about $2000, and that would significanly change the course of my life. It would open more doors and make more accomodations accessable for me.
High end? $1Mil. I literally cannot picture that much moeny, even. Invest half, use the other half to buy a house, and I'm almost certain I'd be able to live comfortably for the rest of my life on that
Enough to pay off debts, and buy a four bedroom house so that my husband and I, my daughter and her husband, and their children could all live in one house, along with enough to pay the taxes for it and to meet monthly expenses. Dreaming bigger, that on 60 - 80 acres, with a good water source, and around half of it in woodland would be heaven.
I’m not from the US, but I would need an anual salary of $36 000 after taxes to greatly impact my quality of life. And to be honest, I wouldn’t feel comfortable having a higher income.
I would be able to pay for all the doctor visits, medications and tests that are not covered by the public health system of my country. I would be able to pay someone to come help me clean once a week and pay an actually fair wage!
I would be able to avoid going hungry for hours or entire days due to not being able to move due to my health issues, because I’m afraid to spend too much money on a delivery (prices here are high, but not as crazy as in the US).
I would be able to save for retirement which I know will be expensive for me due to mobility issues.
And lastly, it would allow me to support other people economically when they need it, like a single mother of two that I know or pay some private doctor appointments for the parents of my best friend.
I think a negative interest rate would be a decent adjustment
Enough money to pay off my mortgage we have a tiny house but it is a very expensive market where we live so honestly it would have to be $500,000
You point out that a life changing amount of money, isn't a huge sum. However, if you look at that amount broken down into 12 monthly installments, instead of as a windfall, you really see how reasonable it would be to change people's lives for the better.
I would be fine with 50,000.00 a year would be awesome!
I would love to pay off bills, but more importantly I would desire to help others as long as I can afford to pay my monthly bills, have food and nationalized health. It's not about me. For me it is about society and helping others.
$45K per year would allow me to be comfy and somewhat minimalist (which is my preference)...perhaps.
Probably 1 billion would do it. Fuel for 300 ft yacht isn't cheap.
100k - 400k.
My magic number is 50k. It would take care of all my debt, my medical bills I'm about to accrue and enough to buy a $10,000 car. I'm just asking for the basics.
Instead of UBI, i think a guaranteed income addresses wealth inequality better.
3k per month. Not much at all, really.
$350k
I don't know how we can possibly believe by this point that electing democrats, the other rightist party, is going to have any meaningful benefit. Both parties generally support the same policies. The only real differing is identity politics, which is just window dressing.
Define 'greedy'.
I think the original video was asking about financial security or stabilizing your standard of living or making life a little bit less miserable and less of a struggle. Not like if I had $100 million... but rather what is the minimum amount that would make a hugely impactful difference in my life?
@@ParkrosePermaculture OK.
Obviously, if a million people answered your question, you'd get a million different answers.
With a billion dollars I could set up a not for profit for perpetuity, invest safely, and encourage small businesses by setting up interest free grants to start up, working with local small business associations. With conditions that they would hire others who might not have been given opportunities; pay it forward so to speak. I’d fund inventions that seem to have hope for the future, for a small share of the company, to perpetuate funding more inventions. I’d work with university sororities to set up mentorship programs for young girls in low income areas who need role models and goals. With students who would like to attend veterinary school but don’t have the funds; with a contract that they would provide pro bono spays and neuters for pets in a traveling van for a year. All I’d want for myself would be a housekeeper and handyman/yard maintenance eight hours a week each. Maybe a month to travel each year. For the NFP, an excellent trial attorney, tax attorney, bookkeeper and staff for the programs. Hoarding wealth would not be on my list.
lol......but allll of those things require bigger government and some poor people along with billionaires are more afraid of gubment than the exploiters
I had what would be 1 million dollars of crypto stolen a little over a year ago. I had kept that crypto for over 12 years at that point. I am still not over it. That was my retirement. It would have helped. Now I am fuct and will have a very long, poor, and hard retirement.
$100 000 per person.
Read housing the global poor
Stats on every housing venture in almost every country in the last 100 years
More interesting than it sounds
6k min...off grid
Per year
We need to consume less on unnecessary things, drive less etc. which will result in more time for ourselves and our loved ones. By showing to others around us that we are truly happy and less stressed by consuming less.
I do that already. I do all the things Maye Musk recommends and still can’t afford a child 😂
That won't change grocery costs...
Unfortunately we've hit the point where we need to do those things just to survive.
I haven't bought new clothes since I was a teenager, I only drink water and milk, I never travel outside of my city. I still have to starve for a week or two when my kids need new shoes or winter clothes.
10grand
Omg, where did you get your earrings, it's the only statement you need to make.
Grass.
(why does this comment work, but the one where I actually answer the question doesn't? RUclips is so weird...)
🙄 "Oranges are tasty. Yum."
"I am old for my age."
"I am disabled."
"I have been continuously deprived throughout my life...but I'm still kicking."
IMO money does not make you happy,it just makes it easier to live
I need around $50-$100 million dollars
For quality of life? That would be greedy
Nobody needs that much. Not a single one of us.