Delete comment from: Captain Capitalism
$15,000 surely is a very interesting number. I'm one of those minimalists who DO live off $15,000 every year, and do so quite well. Since I make almost triple that after taxes, I've been able to pay off all my debts and start on a nice cash pile in my middle 20s.
But $15,000 has also come up as the price of many foreclosures around Florida. I've considered moving from my current Midwestern hellhole and buy rental property down there, and with the price of foreclosures I could buy a few houses, fix them up, and rent them out.
I've considered starting up a blog covering minimalist living and living by realistic expectations (hence the name). Also, go read mrmoneymustache.com, his blog has greatly helped in my journey and looking towards further financial and job freedom.
Jan 9, 2015, 7:05:25 PM
Posted to If People Didn't Have Debt