Making Payments (2024)

FAQs

How do you respond when someone asks how much money you make? ›

“If you would rather not share that information, say so.” For example, she said you could reply by saying, “I'd rather not share that.” She said it's OK to set healthy boundaries for yourself with information you're not comfortable divulging to the other person.

(Like saying I really have money.) The short answer in most cases is just Yes, I do.

The amount of R2 lakh per month should be enough for a comfortable middle-class life in a city in India. But then, our life does not stop at needs. There are wants and desires. You need more than R2 lakh a month for those looking for more comfort.

Generally, $100,000 per year is a good goal for most people.

A lot more! And if you have a lot of debt, you'll need to make more to pay it off. But the point is, once you have enough money to live comfortably, more money won't really make you any happier.

DON'T EXPLAIN OR MAKE EXCUSES. When you say no, don't offer explanations or excuses. Doing so only opens the door to a discussion and prompts your friend or family member to try to overcome your objections. Say, “I'm sorry, but I can't give you a loan.” When the person asks, “Why not?” just repeat your statement.

money, a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed; as currency, it circulates anonymously from person to person and country to country, thus facilitating trade, and it is the principal measure of wealth.

An individual needs $96,500, on average, to live comfortably in a major U.S. city. That figure is even higher for families, who need to earn an average combined income of about $235,000 to support two adults and two children.

Studies have shown that the impact of our annual income on our overall happiness isn't exponential for everyone. In fact, it plateaus around $100,000 for most people, which means a lower return on your happiness for every dollar you make beyond that point.

The most direct reply is to tell them exactly what you want within the range that seems reasonable based on your research. You say: “What I'm really looking for is something in the range of $70,000 to $75,000.

Key Findings. On average, an individual needs $96,500 for sustainable comfort in a major U.S. city. This includes being able to pay off debt and invest for the future.

How much money to live comfortably and not work? ›

This means the value of money today is not the same as it will be in the future. To account for this, experts suggest you multiply your desired retirement income by 25 times. So if you want to retire on $20,000 a year, you would need $500,000 saved to live comfortably and never have to work again.

It is actually rude and intrusive for someone to ask how much you earn, so you are not obligated to answer. However, you can give a joke answer rather than pointing out they are being rude - for example you could reply "I earn more than my manager wanted to pay, and less than I'm worth."

State your range and provide a rationale for why you've landed on that range, sharing some of the research you've done and noting the skills and experience that make you a strong fit for the position. Acknowledge that salary is just one of the factors that will play into your decision to accept the job or not.

Reveal income if your income is equal to the median income of your peer group (industry, level, experience) up to +15% over. If you are making any more, then it's probably best not to reveal and speak in generality. Any income below 115% of the median income of your peer group is fine.