How much MONEY is sufficient for you and for what?
By umadper
@umadper (947)
India
12 responses
@investor211 (474)
• Mexico
5 Jul 11
HELLO THERe, I THINK 3 million dollars could be ok, why? to ensure my life, i could invest half of the money to work for me and then the rest i could spend traveling around the world, and also do charity somehow i feel i need to give to the needy , after all my life is too short, and just before die, choose people do be benefit of what is left, my family also included.
1 person likes this
@investor211 (474)
• Mexico
6 Jul 11
thanks for dropping by, this amount of money is just right, anyway we cant live more than 65 years in order to enjoy life we most be able to walk and see, otherwise is totally useless to have billions if we cannot spend.
@moneywinner (1864)
• Brazil
6 Jul 11
I agree with you. I think for me 3 million dollars would be the right amount of money, because I think that when you are so much rich like those billionaires, life can be pretty boring, because you already been everywhere you wanted to be and have everything you wanted to have.
@marcmm (1804)
• Malaysia
5 Jul 11
Hmm... That's a good question. How much I really need right now? Ok. Lets see.
1. MYR100K right now for house downpayment, car downpayment and loan payment for current outstanding loan.
2. MYR2K every month to pay house mortgage.
3. MYR1K for car repayment
4. MYR3K for utility and monthly expenses and maybe a some saving.
So right now I would like to have 100K and I wish I can earn like 6K per month.
Anything more is an extra and maybe can be used for saving and vacation.
1 person likes this
@magtibaygom (4858)
• Philippines
9 Jul 11
@marcmm: I haven't seen your profile yet. What country are you from? Is MYR a symbol of Malaysian Ringgits? Are you from Malaysia?
@marcmm (1804)
• Malaysia
14 Jul 11
umadper,
Yeah, it is good to give to charity if we had a lot of money. So far only people like us care abput giving to charity. Some of the well being and rich people didn't care much giving to charity. they only donate to reduce their taxes.
magtibaygom,
Yup. I'm from malaysia. MYR is stand for Malaysian Ringgit.
@vandana7 (100531)
• India
5 Jul 11
It depends upon which age you are, and how many dependents you have also I suppose. We need 45000 pa for medical insurances. Other than that, I do have a few loans that eat away my interest income of approximately 20000. Home expenses are merely 15000pm. But savings for retirement and contingencies are nearly 20000 at per month. Other than these are taxes of 22000 pa and charity of about the same amount. Would I say I am comfortable? Future is secure I guess. To the extent of food, clothing, and shelter is concerned. But I do have to think twice when I want to paint the house, or pay for some lift or building maintenance, or car maintenance, and vacations. However, I am truly much more comfortable when compared to many many people. I am ok with earnings that cover food, clothing, shelter, and medicines.
1 person likes this
@umadper (947)
• India
6 Jul 11
hi,vandana,nice analysis ....i appreciate your feelings on this subject especially the satisfaction on what you have now which is most important in one's life to have a peace.And also i like your attitude to spare some money to charity also..all the best and have a nice time.
@Dominique25 (9464)
• United States
8 Jul 11
I feel people will generally always want more money if we are careful about how we view. The money need to live sufficiently isn't that much. But we like to have nice and new things and so in order to accomplish that the amount of money we make has to increase or we have to work more.
@deucegroup (58)
• Canada
6 Jul 11
I'm not sure I can give you an exact amount, I mean I'm happy with the way my family lives today and we are blessed to have all we have.
We could always use more money to work less, and spend more time together doing activities, that said I'm not sure if a million would be enough, but I think 2 million would be more than enough to live my life without working, pay off the house, and invest a million to earn interest to live off of should be great...
@umadper (947)
• India
7 Jul 11
hi,Aisha,you are a very good girl...because you are satisfying with what you have and the target is also reasonable...which are the characters for living peacefully.One can't get peaceful and good life only with money.There should be limit and satisfaction at one point.Those only live happily and you are one among them.All the best and have a nice time.
@oscar6 (1938)
• United States
6 Jul 11
I think currently my family has enough income to be happy. Although my husband doesnt make a lot we have all of our needs met and have enough money to enjoy ourselves. It also helps that I make money online. This way we have a little extra to use in case of an emergency. You never know when something bad is going to happen and you need money for it.
@huihojustin (604)
• United States
6 Jul 11
I currently already living in a home and eating well and healthfully. I would really like to have a few "wants" such as a new laptop, money for swimming camps, and etc. I think about $4000 would be sufficient to make me happy. I am only asking for $4000 because I don't have a job and I don't want to really rely on just this money. It would really be cool if I had this amount.
@DoctorDidi (7018)
• India
6 Jul 11
Most of us do not how much money is sufficient for us. The more we earn the more we need.
@nezavisima (7408)
• Bulgaria
5 Jul 11
and yet I think the more the better.
But ponyakago should really have a limit because the easy money is spent easily.
But the money spent with a desire and hard work are sweet and we can spend them but think.
I often need to limit imma because they no longer reach my money I have so many expenses with my children.
Look first of them to take the necessary things and then my.
I think vski parents doing so.
nice day!
@moneywinner (1864)
• Brazil
6 Jul 11
I think I would be really happy if I have around 3 million dollars. With the money, I could buy an apartment of my dreams (around $500k), beach apartment ($300k), a nice car ($100k) and all the others things that I want in my life ($100k). With the rest of the money, I would invest and with the income, I would travel around the world and stay on the best hotels.
@surfer222 (1714)
• Indonesia
6 Jul 11
For me if my money can grow itself so that it can pay all my bill and when i got sick it can be used for the hospital without having myself go to work then it's enough money for me....