I can't help thinking that if I earned $250/day, I would not have to move anywhere. I live in South Texas where our cost of living is not as high as in other parts of the USA. My wife and I earn less than that. Yet, we are better off than many in our community. However, if we did earn $250/day, we would have more money to save for travel. But, even with respect to travel, there are plenty of motels that charge less than $100 a night. We could easily travel around the USA for weeks and have money left over.
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Would it cover for mortgage and say a kid or two?
More than that. But, it depends on how well you manage your money. For some people, no amount is enough.
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