What kind lifestyle can someone live making $500 a day with there online business?
2007-11-25 01:10:28 · 12 answers · asked by El Yankee 2 in Business & Finance ➔ Personal Finance
This is $2500 per week (assuming a 5 day work week). Multiply this times 50 (with 2 weeks off for vacation) and the gross income, before taxes, would be $125,000 per year. This is upper middle class in the USA. This means you could have a nice house, a nice vehicle, all the entertainment you could want, plus money to travel, money to save towards retirement or invest in the stock market, and money for charities. It would be a pretty good income.
2007-11-25 01:17:26 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I calculated your annual income based on a five-day work week and with a 2-week non-paid vacation once a year, so that's 250 work days multiplied by $500 = a gross income of $125,000. After taxes, you'd probably be earning slightly under six figures.
If you're a bachelor with no dependents, you could live quite a comfortable lifestyle. Don't go crazy and start collecting Ferrari's or anything (you're doing well, but you're not filthy rich).
Are you asking this question in anticipation of starting a business? If you are, how are your savings? Do you plan on keeping a regular job while getting your new business off the ground? You'll have to be prepared to lose money or break even for the first couple of years. Startup costs can be a real b****. Also, new businesses are always risky, so make sure you can stay above water if your business dreams don't work out.
Good luck!
2007-11-25 09:21:39 · answer #2 · answered by Anonymous · 0⤊ 0⤋
A very very nice one. I worked for the vet here, and he was making 800-2000 a day, and had a very elegant lifestyle. 500 a day is a high income if you are not spending the majority of it putting it back into the business.
2007-11-25 09:14:13 · answer #3 · answered by Angelic Valentine 6 · 0⤊ 0⤋
I guess it depends on where you live, but geez, 500$ a day where I come from is a LOT of money! I make decent money and I make about that in a week!
2007-11-25 09:13:38 · answer #4 · answered by Seabrey K 2 · 0⤊ 0⤋
It all depends where you live, but that is usually a comfortable lifestyle in most places.
2007-11-25 09:14:26 · answer #5 · answered by Anonymous · 0⤊ 0⤋
If you don't know the difference between their and there, your lack of education will limit your lifestyle-money does not give you everything. If you want to run with the high rollers, then get smart.
2007-11-25 09:15:19 · answer #6 · answered by towanda 7 · 0⤊ 1⤋
my husband makes 563.20 per day and we live a life way above our means!! If you are smart you can live a good life... If you buy buy buy like we did and live in a house that owns you and have 3 cars financed you will struggle..
2007-11-25 11:50:23 · answer #7 · answered by boohoo1964 3 · 0⤊ 0⤋
If your not smart enough to figure out how well someone can live making that kind of money, then your not smart enough to make that kind of money in the first place. Give up.
2007-11-25 09:14:27 · answer #8 · answered by Anonymous · 0⤊ 1⤋
500 a day..sounds good 2 me....or they hiring?
2007-11-25 09:22:01 · answer #9 · answered by Anonymous · 0⤊ 0⤋
like with any other job,you have to balance your money,do you nee dto pay health insurenace,housepayment,carppayment ,is there famiy,children you have to support all thats a factor but for one person that should be ok
2007-11-25 09:14:37 · answer #10 · answered by allison b 5 · 0⤊ 0⤋