Comments on: What’s Your Poverty Threshold? http://www.scotthyoung.com/blog/2008/02/14/whats-your-poverty-threshold/ Wed, 08 Feb 2012 22:32:24 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Kevin Post http://www.scotthyoung.com/blog/2008/02/14/whats-your-poverty-threshold/comment-page-1/#comment-1246782 Kevin Post Sun, 01 Jan 2012 07:24:25 +0000 http://www.scotthyoung.com/blog/2008/02/14/whats-your-poverty-threshold/#comment-1246782 Correction, I meant to say $400 USD a month (roughly 800 thousand Colombian pesos). Correction, I meant to say $400 USD a month (roughly 800 thousand Colombian pesos).

]]> By: Kevin Post http://www.scotthyoung.com/blog/2008/02/14/whats-your-poverty-threshold/comment-page-1/#comment-1246779 Kevin Post Sun, 01 Jan 2012 07:22:54 +0000 http://www.scotthyoung.com/blog/2008/02/14/whats-your-poverty-threshold/#comment-1246779 I am married but my wife is in Colombia and I am in Florida waiting for her immigration papers. Although we couldn't travel as much as we liked, while in Colombia we lived on $800 USD a month (food, rent, utilities, internet, transportation, literally everything); if we had made an extra $200 a month we could have taken lovely vacations every weekend. Due to lack of employment (wife lost her job a few months ago and I wasn't regularly employed) I had to move back to my hometown of Orlando to support the both of us. I currently make roughly $1300 USD a month working in Orlando which has been enough to send money home to my wife (roughly $450 a month), pay my rent, eat and put some money aside for my studies. Now, if I were to make $1300 USD a month in Colombia I would have a significantly higher quality of life than I have ever had. My goal is to achieve location independence in order to one day move back to Colombia with my wife, live on a self sustained farm in the mountains and start a family. I'm sure that it can be done. I am sure that I could live off of $1500 a month while raising a family and traveling frequently to go rock-climbing. I very happy I found this site Scott. Thank you! I am married but my wife is in Colombia and I am in Florida waiting for her immigration papers. Although we couldn’t travel as much as we liked, while in Colombia we lived on $800 USD a month (food, rent, utilities, internet, transportation, literally everything); if we had made an extra $200 a month we could have taken lovely vacations every weekend. Due to lack of employment (wife lost her job a few months ago and I wasn’t regularly employed) I had to move back to my hometown of Orlando to support the both of us. I currently make roughly $1300 USD a month working in Orlando which has been enough to send money home to my wife (roughly $450 a month), pay my rent, eat and put some money aside for my studies.

Now, if I were to make $1300 USD a month in Colombia I would have a significantly higher quality of life than I have ever had. My goal is to achieve location independence in order to one day move back to Colombia with my wife, live on a self sustained farm in the mountains and start a family. I’m sure that it can be done.

I am sure that I could live off of $1500 a month while raising a family and traveling frequently to go rock-climbing.

I very happy I found this site Scott. Thank you!

]]> By: Could You Walk Away From $8 Million in Easy Money? « Scott H Young http://www.scotthyoung.com/blog/2008/02/14/whats-your-poverty-threshold/comment-page-1/#comment-802407 Could You Walk Away From $8 Million in Easy Money? « Scott H Young Tue, 24 May 2011 20:59:44 +0000 http://www.scotthyoung.com/blog/2008/02/14/whats-your-poverty-threshold/#comment-802407 [...] as a means of buying things. Depending on your situation and appetite for material things, this sets a level of money you need to be [...] [...] as a means of buying things. Depending on your situation and appetite for material things, this sets a level of money you need to be [...]

]]> By: Jessica http://www.scotthyoung.com/blog/2008/02/14/whats-your-poverty-threshold/comment-page-1/#comment-726013 Jessica Sun, 27 Mar 2011 01:28:20 +0000 http://www.scotthyoung.com/blog/2008/02/14/whats-your-poverty-threshold/#comment-726013 I would say our poverty threshold is right about where we are now, so $NZ30,000p.a. - paying mortgage, AND rent (don't ask - bad situation, climbing out of it), 2 adults+2 kids household. I earn $NZ31k a year, and this allows us to have everything we need and a little of what we want, but it isn't enough to allow us to save anything. Once the useless mortgage is paid off, I would say our poverty threshold would go down to $NZ25k. :) yay! I would say our poverty threshold is right about where we are now, so $NZ30,000p.a. – paying mortgage, AND rent (don’t ask – bad situation, climbing out of it), 2 adults+2 kids household. I earn $NZ31k a year, and this allows us to have everything we need and a little of what we want, but it isn’t enough to allow us to save anything.

Once the useless mortgage is paid off, I would say our poverty threshold would go down to $NZ25k. :) yay!

]]> By: A Life That Fits Into a Backpack | Gauravonomics Blog For Marketers, Entrepreneurs and Activists http://www.scotthyoung.com/blog/2008/02/14/whats-your-poverty-threshold/comment-page-1/#comment-455229 A Life That Fits Into a Backpack | Gauravonomics Blog For Marketers, Entrepreneurs and Activists Wed, 18 Aug 2010 10:50:48 +0000 http://www.scotthyoung.com/blog/2008/02/14/whats-your-poverty-threshold/#comment-455229 [...] echo Tim’s ideas. Scott says that there is a trade-off between comfort and fulfillment and the less money you need to live a comfortable life, the more time you’ll have to pursue and fu.... Taken to the extreme, this may mean wanting to have a life that fits into a backpack, so that you [...] [...] echo Tim’s ideas. Scott says that there is a trade-off between comfort and fulfillment and the less money you need to live a comfortable life, the more time you’ll have to pursue and fu…. Taken to the extreme, this may mean wanting to have a life that fits into a backpack, so that you [...]

]]> By: John Sherry http://www.scotthyoung.com/blog/2008/02/14/whats-your-poverty-threshold/comment-page-1/#comment-413855 John Sherry Tue, 11 May 2010 16:44:12 +0000 http://www.scotthyoung.com/blog/2008/02/14/whats-your-poverty-threshold/#comment-413855 I'm not a fan of the money making industry as a priority in life but what does interest me is those on the opposite scale who have a poverty consciousness. People who chose to hide their worth and what value they bring. Ones who never amount to what they could be. You can't realise yourself and what you contribute to life if you don't let life contribute to you first. What's the least you are worth and why is that? I’m not a fan of the money making industry as a priority in life but what does interest me is those on the opposite scale who have a poverty consciousness. People who chose to hide their worth and what value they bring. Ones who never amount to what they could be. You can’t realise yourself and what you contribute to life if you don’t let life contribute to you first. What’s the least you are worth and why is that?

]]> By: Tina http://www.scotthyoung.com/blog/2008/02/14/whats-your-poverty-threshold/comment-page-1/#comment-413210 Tina Mon, 10 May 2010 07:52:29 +0000 http://www.scotthyoung.com/blog/2008/02/14/whats-your-poverty-threshold/#comment-413210 My thereshold is about 13,000 I am dependent on my exboxfriend who owns a co-op and had a drinking problem. So I devote alot of my time tending to him in various way. But, I would like to leave him and one day soon and find my dream job/relationship/home. right now I stay home alot with max our Begal. It's a bummer to have to depend on someone to live with because the rents are so high in New York. I hope things get better for everyone. Keep writing you are Good!.....is that you on the bench? My thereshold is about 13,000 I am dependent on my exboxfriend who owns a co-op and had a drinking problem.
So I devote alot of my time tending to him in various way.
But, I would like to leave him and one day soon and find my dream job/relationship/home. right now I stay home alot with max our Begal.
It’s a bummer to have to depend on someone to live with because the rents are so high in New York. I hope things get better for everyone.
Keep writing you are Good!…..is that you on the bench?

]]> By: Scott H Young » The Time to Start a Business is in Your Twenties http://www.scotthyoung.com/blog/2008/02/14/whats-your-poverty-threshold/comment-page-1/#comment-318630 Scott H Young » The Time to Start a Business is in Your Twenties Tue, 12 May 2009 17:00:50 +0000 http://www.scotthyoung.com/blog/2008/02/14/whats-your-poverty-threshold/#comment-318630 [...] The minimum income I need is $20,000 per year. I could probably physically survive with less income, but this is the threshold I need to meet an acceptable lifestyle. Twenty thousand dollars per year is my poverty threshold. [...] [...] The minimum income I need is $20,000 per year. I could probably physically survive with less income, but this is the threshold I need to meet an acceptable lifestyle. Twenty thousand dollars per year is my poverty threshold. [...]

]]> By: Robert Rugambwa http://www.scotthyoung.com/blog/2008/02/14/whats-your-poverty-threshold/comment-page-1/#comment-276484 Robert Rugambwa Tue, 13 Jan 2009 15:52:17 +0000 http://www.scotthyoung.com/blog/2008/02/14/whats-your-poverty-threshold/#comment-276484 I'd agree that there is a case in point for the 3 thresh-holds, the Poverty Thresh-hold, the comfort thresh-hold and the luxury thresh-hold. Wouldn't it be right to state that the 'poverty' thresh-hold cuts across all boards and would be a roof over your head, food on the table and clothes on your back? The ballpoint figure would depend on area, cost of living etc and would include the bills etc and as well, the 'digital life' concept. Above that, we'd start to consider comfort, and that becomes subjective, giving the comfort thresh-hold. Luxury is at yet another level. I’d agree that there is a case in point for the 3 thresh-holds, the Poverty Thresh-hold, the comfort thresh-hold and the luxury thresh-hold. Wouldn’t it be right to state that the ‘poverty’ thresh-hold cuts across all boards and would be a roof over your head, food on the table and clothes on your back? The ballpoint figure would depend on area, cost of living etc and would include the bills etc and as well, the ‘digital life’ concept. Above that, we’d start to consider comfort, and that becomes subjective, giving the comfort thresh-hold.
Luxury is at yet another level.

]]> By: cheritycall http://www.scotthyoung.com/blog/2008/02/14/whats-your-poverty-threshold/comment-page-1/#comment-255420 cheritycall Mon, 27 Oct 2008 20:40:58 +0000 http://www.scotthyoung.com/blog/2008/02/14/whats-your-poverty-threshold/#comment-255420 Hello, Do something for help those hungry people from Africa or India, I created this blog about this subject: on http://tinyurl.com/6bz6t7 Hello, Do something for help those hungry people from Africa or India,
I created this blog about this subject:
on http://tinyurl.com/6bz6t7

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