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Ask Paula: What Do I Do With Free Money?
Afford Anything
How Much Money Do We Need to Do Per Month?
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When she arrives here, she will initially be earning around 80 thousand dollars. She also mentioned that she's comfortable estimating about 60 thousand dollars as the amount of money that she expects to live on when she reaches fire. Given that her after tax take home will be ball park somewhere around 60 thousand, she's going to be able to see what kind of a life style can that afford her? That number defines the budget. It's awesome.
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