Living the Good Life on $24,000 a Year? Retire in Your 20’s or 30’s?

[LevelUP]

So here's the scenario

- $24,000 income
- modest home around 1200sq feet that is paid off
- car paid off
- no debt
- live in area which cost of living is low

Here is an example of what would be an estimate of your expenses

$0 Rent
$50 Home Insurance
$80 Property Taxes
$200 Utilities
$0 Car Payment
$20 Car Ins
$30 Gasoline (Prius 50mpg, no work commute)
$0 Health Care (Obamacare)
$15 Cell Phone plan
$200 Food
$595 Total

$2000 Income
$595 Expenses
$1400 Left Over

$600 a month could be used for spending on whatever you want such as eating out, electronics, clothes, and vacations.

$10,000 a year is left over which you could save or do whatever you want.

Freedom

Freedom to do whatever you want whenever you want.

Who's in?