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.

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