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Is $40,000 a year good money?

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  • Is $40,000 a year good money?


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Answer #1 | 28/12 2013 20:12
It's a living wage for a single person. Good, that's relative. It's certainly not lucrative. But considering I grew up in a country where we had little beyond the necessities of life, it doesn't seem that bad to me. On the other hand, you won't make enough to live a comfortable retirement.
Answer #2 | 28/12 2013 20:12
depends on the occupation & how many hours you work if you're doing something grueling and you have to work 60+ hours a week then $40,000 is no good
Answer #3 | 28/12 2013 20:12
it depends on the cost of living where you want to live you also have to realize that $40,000 is probably just an average, starting pay is likely much lower
Answer #4 | 28/12 2013 20:13
Depends on where you live !
Answer #5 | 28/12 2013 23:18
It depends on your location! Its a pretty cool money here in nigeria! Its equivalent to 6.8 million naira! Wooo!!!!!!that's pretty cool cash!
Answer #6 | 28/12 2013 20:17
I thin it's good money. Keep your living expenses to 80% of what you make, invest in dividend-paying stocks and a home, and ou will be fine for retirement. Good for you!

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