It makes a difference, but it’s a few years savings, not life changing money.
Or well, it depends on how you want to change your life. It’s around what I used to quit my job and move from a red state to a blue one. It can get you a new degree. It can be a down payment on a house. And in all these cases it involves a level of slumming it that had you been comfortable with you’d’ve been able to save it up relatively quickly if you had a 6 figure income
All depends on where in that range.
Low end? That’s like half a years salary and would absolutely make a difference.
Also, it’s a post-tax $50k, whereas your earned income is a pre-tax $100k in that scenario.
Breathes deeply in making less than 50k/yr before taxes.
I’m so sorry. Seriously.
It makes a difference, but it’s a few years savings, not life changing money.
Or well, it depends on how you want to change your life. It’s around what I used to quit my job and move from a red state to a blue one. It can get you a new degree. It can be a down payment on a house. And in all these cases it involves a level of slumming it that had you been comfortable with you’d’ve been able to save it up relatively quickly if you had a 6 figure income
Ok boomer.