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In other words, after all montly obligations are met, how much money is available to spend freely...

2006-07-02 19:56:39 · 7 answers · asked by Carey N 1 in Business & Finance Personal Finance

7 answers

Accoridng to macro figures, an average american is actually living off borrowed money.

2006-07-02 20:01:16 · answer #1 · answered by Geepee 5 · 0 0

I see financials everyday...suprisingly people DO NOT live paycheck to paycheck as many people think. Most people who think they dont have any money would have if there practices were different. The average I see is a monthly gross disposable of about $3000-5000. A way to look at it is this...If the median income for a certain area is 72k that breaks down to 6k monthly. Lets say they spend 1000 in housing, 400 car payment, and 200 credit cards, utilities another 250, and 200 incidentals. That leaves close to 4 grand gross disposable. Homeowners who qualify for home loans normally have debt ratios under 42% gross, which would mean that the other 58% is gross disposable. So you can see that most people are not living paycheck to paycheck, they just think they are.

2006-07-03 02:29:42 · answer #2 · answered by Veleno45 3 · 0 0

You're joking right? They're living on debt. But they knew this and still keep doing it. Why? Habit.

Guaranteed, anyone here not written their goals down and have been working for say 3 years, hasn't got £3,000 in bank saved. Now how the heck did I know that?

2006-07-02 20:03:59 · answer #3 · answered by Adam Taha 4 · 0 0

There are 3 areas of making an investment maximum available to non-public traders. those are shares, actual property and collectibles. For collectibles you need to be knowledgeable and captivated with them. in the process reliable circumstances they are in a place to commonly be bought at a severe fee and at undesirable circumstances they are in a place to be bought affordably. Examples are antiques, stamps and funds, and so on. the folk i understand who're the main powerful in actual property are the folk who use elbow grease to advance the fee of the valuables. figuring out to purchase a run down property which would be affordably more advantageous can get you important revenue. those all and sundry is captivated with doing up residences. Are you waiting to place this attempt in? shares are an investment which you will positioned as lots or as little time in as you desire. they commonly circulate up in a reliable financial equipment (agencies exchange into greater worthwhile) and down or sideways whilst the financial equipment is undesirable (agencies are making much less revenue). in case you do not have lots time to put in or wisdom making an investment in index mutual money enables you replicate the industry. This reduces the prospect in comparison to making an investment in guy or woman shares. in case you have greater time or wisdom, you could start up up studying guy or woman shares or sectors to purpose to out carry out the final industry.

2016-11-01 03:10:39 · answer #4 · answered by Anonymous · 0 0

Most people are in debt or live paycheck to paycheck... I usually have about 300 a week disposable income at least .

2006-07-02 20:56:19 · answer #5 · answered by heidielizabeth69 7 · 0 0

1 million

2006-07-02 20:01:09 · answer #6 · answered by Anonymous · 0 0

ROTFL!! Thats the funniest business joke ever!

2006-07-02 21:55:01 · answer #7 · answered by Anonymous · 0 0

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