B_Reynolds_AK
WKR
My Take:
Earning enough to pursue your interests while not having to worry about your necessary living expenses is a Good Salary.
Here in Alaska, a $100k would barely be middle class if you compared yourself to all of the guys working Slope jobs and the like, along with their $90k trucks, Super Cubs and a boat for the ocean.
My wife and I own and operate a small home service business. No employees. No kids. Mostly own a home at 2.7% interest. Business is an LLC taxed as an S Corp, which means very little tax payed at the expense of minimal contributions towards Social Security. We work 5 1/2 months of the year and Net a bit over $100k after business expenses & personal tax.
To be able to create a lifestyle that allows so much freedom is achievable if you really focus on the priorities that matter to you and not get caught up in the status quo of those around you. The job that allows you to live a lifestyle that alot of millionaires would envy doesn't have to be glamorous or exciting, but the freedom it offers can allow you to seek fulfillment outside of your profession.
Earning enough to pursue your interests while not having to worry about your necessary living expenses is a Good Salary.
Here in Alaska, a $100k would barely be middle class if you compared yourself to all of the guys working Slope jobs and the like, along with their $90k trucks, Super Cubs and a boat for the ocean.
My wife and I own and operate a small home service business. No employees. No kids. Mostly own a home at 2.7% interest. Business is an LLC taxed as an S Corp, which means very little tax payed at the expense of minimal contributions towards Social Security. We work 5 1/2 months of the year and Net a bit over $100k after business expenses & personal tax.
To be able to create a lifestyle that allows so much freedom is achievable if you really focus on the priorities that matter to you and not get caught up in the status quo of those around you. The job that allows you to live a lifestyle that alot of millionaires would envy doesn't have to be glamorous or exciting, but the freedom it offers can allow you to seek fulfillment outside of your profession.