How Much Money do You Really Need For Your Lifestyle?

Every day I run into new entrepreneurs who tell me about their “business venture” that is going to change the world. After they share this with me, I immediately ask them this one simple question:

Why are you an entrepreneur?

You can probably guess what the most common response is:

I want to be rich!

When I start digging deeper to find out why they want to make a lot of wealth, it’s almost always because they want to live a relaxed lifestyle so they don’t have to worry about money.

That’s when I usually think to myself, “how much money does one really need to live comfortably?”

Don’t get me wrong, I am also an capitalist because I want to make money, but I quickly erudite that you don’t need as much money as you think to live awkwardly.

How much money does Neil need?

I’m not going to tell you how much money I make each month, but I’ll tell you that I live a pretty comfortable lifestyle without stretching myself thin.

Some of you may think that I live a abundant lifestyle, and some of you may think that I live a careful lifestyle. I personally think I am somewhere in the middle.

I’m not matrimonial, I don’t have kids, I am currently single, and, overall, I think my in service expense are pretty low compared to my income. I know if I got married and had kids, my expenses would shoot through the roof. I don’t know what those operating expense would entail, but I am presumptuous that I would need a bigger house at the very least. Obviously, everything else would double, if not triple, in order to support a family (except the partying, of course).

So, how much money do you really need? When I was younger, I rapidly learned that anything above $15,000 in monthly income for me didn’t change my lifestyle. As long as I am single, I can easily live within my means and have a good amount of savings after dues, assuming my income never dips below $15,000 a month. And if it does dip, I can cut back on my expenses to $3,500 a month.

How much money do you need?

By no means am I saying that it’s uncomplicated to make money, but what I am saying is that you don’t need much to live a comfortable lifestyle. And if you do need immense amounts of money, it’s because you are putting the added pressure on yourself by buying fancy cars, a really big home, and a variety of material possessions that you don’t need.

Making millions of dollars is never an easy thing to do. It’s a lot harder to make money than it is to save it. For this reason, I am a big supporter in living below your means so that you don’t have to pressure about making more and more money each month.

Heck, I even somewhat regret paying $3,000 a month for my home. I probably would have been better off paying $1,000 a month living in a 275-square-foot motel room (which I did for six months).


The point I am trying to make is that you don’t need much money to live a comfortable lifestyle. If you are trying to be an entrepreneur to make millions of dollars, that’s great! But if you only need to make $10,000 or $20,000 a month to live a great lifestyle, there are much easier ways to make that money.

If you just want to live a comfortable life, you don’t need to be an industrialist. You just need to find a high-paying job.

And if you are wondering why I still keep on working, it’s because:

  • I have nothing better to do– I really don’t recognize how to do or be anything else other than creature an capitalist.
  • I suck as an employee– If I were a 9 to 5 employee, I probably would be fired within a few weeks because I suck at dealing with bosses, and I hate being stuck in meetings all day.

Must Read Articles:

Growth Hacking Success – 5 Stories to Know About

How to Travel the World in Affordable Style with Stayful

10 Habits of the Highly Successful People


Be the first to comment on "How Much Money do You Really Need For Your Lifestyle?"

Leave a comment

Your email address will not be published.