Question: Where Can You Live Well On $3000 Per Month?

How much money do I need to invest to make $3000 a month?

In order to get $3,000 a month, you would potentially need to invest around $108,000 in a revenue-generating online business.

A growing online business is likely to give you more than $3,000 a month..

How much money do I need to invest to make $2000 a month?

To cover each month of the year, you need to buy at least 3 different stocks. If each payment is $2000, you’ll need to invest in enough shares to earn $8,000 per year from each company. To estimate how you’ll need to invest per stock, divide $8,000 by 3%, which results in a holding value of $266,667.

What is the lowest amount of money you can live on?

Springfield, Missouri is the lowest cost of living in the US. If you are single, and rent one of those $100 a month rooms, and you use public transportation for $28 a month, and $50 a month for internet, plus $40 a week on groceries (no frills, lots of beans and rice), health insurance, $50 a month.

Is $3000 a month good pay?

Living on $3,000 per month won’t leave much in your pocket to invest and build wealth. However, living on $3,000 per month is easier as a single person. Adding a second person, or even a third, can make living difficult. A good salary is considered to be $63k to be considered average.

Where can you live in the US for $1000 a month?

These Are the 15 Cities Where You Can Retire for Less Than $1,000 per MonthEl Paso, Texas | John Moore/Getty Images.Pasadena, Texas, is a suburb of Houston. … Des Moines is the largest city in Iowa. … Oklahoma’s capital is affordable for retirees. … Your dollar can go a long way in Columbus, Georgia.More items…•May 21, 2018

How much money do I need to invest to make $500 a month?

To make $500 a month in dividends you’ll need to invest between $171,429 and $240,000, with an average portfolio of $200,000. The actual amount of money you’ll need to invest in creating a $500 per month in dividends portfolio depends on the dividend yield of the stocks you buy.

How much is 3000 a year per hour?

Assuming 40 hours a week, that equals 2,080 hours in a year. Your annual salary of $3,000 would end up being about $1.44 per hour.

Where can I retire on $1500 a month?

Best Cities to Retire on a Budget of $1,500 a MonthGrand Forks, N.D.Lynchburg, Va. … Lawton, Okla. … Cedar Rapids, Iowa. Total Monthly Expenditures: $1,441. … Lorain, Ohio. Total Monthly Expenditures: $1,442. … Lubbock, Texas. Total Monthly Expenditures: $1,456. … Davenport, Iowa. Total Monthly Expenditures: $1,472. … Casper, Wyo. Total Monthly Expenditures: $1,473. … More items…•Apr 12, 2019

Where can I live for $2000 per month?

10 Countries Where You Can Live Comfortably on $2,000/MonthPanama. Beautiful Caribbean beaches, charming mountain towns, a vibrant cultural capital city – what’s not to like about Panama? … Costa Rica. … Mexico. … Ecuador. … Malaysia. … Colombia. … Portugal. … Thailand.

Can you live on 3k a month?

If comfortable means riding the subway, driving a used car, cooking your own meals most of the week, staying in to watch Netflix, and generally being tight with your budget then the answer is yes, you can live a decent life on $3000/month. It really all depends on what you deem as your own comfort level.

Where can I retire on $2500 a month?

Top places around the world to retire on a $2,500-a-month budget or lessCosta Rica. … Panama. … Mexico. … Colombia. … Portugal. … Ecuador. … Malaysia. … France.More items…•Jan 6, 2021

Can you live off 1500 a month?

Living on a $1,500 a month budget is absolutely possible. Whether you’re in-between jobs, starting a business, paying off debt, or simply saving money, careful budgeting will help you meet your goals. Don’t be fooled, though. Living on $1,500 a month or less is an extreme goal which requires extreme measures.