What do you consider "good money"

[CoolArrow]

I'm married to Kim kardashian! It's never enough. So can I borrow some money?

[Chad C]

Living happily within your means!


Regardless....The more you make, the more you spend!

[Sneaky]

It's all about your ratio of income to expenses.

[doppelganger]

whatever you think is "good money" when you are single or married with no kids, you need to triple it for every kid

[BBBGP]

For the average person I think that good money would be 200k or over for total house hold income.

I think most would consider some one with over 5 million liquid to be wealthy.

While all the statements about debt to income ratios are true. I think the OP was looking for your number......

[Brockles5211]

Between the wife and I we are at 175k a year. Before we actually sat down and looked at whst we spent money on we where living paycheck to paycheck and we just couldnt figure out where the heck our money was going. We sat down one weekend and took a real hard look at our finaces and came to conclusion we where flat out wasting over 3/4 of our take home pay on crap. That was a year ago and since then we have saved 10k (outside of our 401k's) and are on a great path to being 100% debit free. Good money is all relative to how good or bad you manage your money. The trick is to be smart and manage your spending.

[60 Deluxe]

I decided twelve years ago to quit chasing money and start trying to be a good husband, dad, and grandpa. This past year I cut my own salary 20% as a trade off to work a four day workweek. I do not have much money but it is more than enough. I do have a tremendous wealth in my family and to me that is all that matters.

So, in answer to the question, good money is what ever is enough money to afford what you want out of life. If you value "things" that will be a pretty high number. If you value "life", maybe $50,000 a year is enough. It is hard to say though because our politicians keep moving the bar on what it costs to live. I can see it costing close to 50% of income to pay just the federal taxes and purchase the mandated health insurance in the very near future. Somewhat uncertain times that we live in and very hard to plan anything financial...

[Mike Murphey]

If you are doing what makes you happy and enjoy going to do that then you are making enough....If you are uunhappy doing your job then money will never be enough....millioniares blow their brains out every day because they are unhappy doing what they are doing...enjoy your life.

[Split Arrow]

a good living is the ability to provide for your family all the things that are required to live.

That and anything above that is a blessing from God, I hope that we all steward our money to the best of our abilities. I will say I do not prescribe in any way shape or form to the Dave Ramsey "debt is evil" crowd. I had an economics teacher in college who pounded in my head at 18 years old to never get myself in debt.

I've found that I can extend credit lines on items that have tax implications or i can borrow money for less then my money can earn.

Exactly, Sean. Is debt at 6% a bad thing when the money is used to fund an investment that provides returns at greater than 25%? Definitely not!

I do think that consumer debt (ie credit cards, etc) should be avoided if at all possible, but taking on debt to grow your asset base is something I do regularly.

[wsteffen]

Enough to owe nothing and being able to retire at 60.

[BMowatt]

Enough that you don't have to ask your wife for permission to buy anything.

I dont ask her no matter the amount I make.

[Cropduster]

It really comes down to what you do with the money you make. You can spend more money thay you make, no matter how much that is. You need to set goals in your money matters and stick with them. A person is as rich as he fields, and it doesn't necessarly depend on your money. I will never be rich in a lot of money, I do however have all I need and then some. I always place the Lord first and I pay my tithe first and all else always seems to come out ok. I have a family that loves me and I love the, so you can't ask for much more than that. Years ago I turned down jobs than paid more money for jobs that satisfied my personal needs. I have in the past worked two jobs and made good money, and that is how I got ahead of the game. If the governiment will just leave me alone, and my health holds I will be fine for the rest of my life. Money isn't everything, but a person does need some of it to keep soul and body together. Just do the best with what you have and start to save as early as possible. Pay off your debts and get free and clear and thing will be much easier on you from that day forward. Just my $0.02.

[glen]

I consider what I make "good money". Its enough to goto the coast and go duck hunting with my two kids- put gas in the boat- shoot plenty of powder- and stop at DQ on the way home for whatever size blizzard you want.

I will be rich when me and the wife retire and sell everything we have in Central Texas and move to the coast and get to watch the sunrise every morning over the bay with a cup of coffee trying to decide weather to fish or not.

[hcshooter]

Wait, what is this money that you all speak of? Wish I knew the answer!

[Stuck]

Anything in my account is "good money". Anything owed to me is potential money, anything going out is bad money, the rest of it is money I want.