Man Survives In San Francisco on $50,000 a Year

According to, there’s a 37 year-old in San Francisco, Rik Wehbring, who lives on $50,000 a year.

Kiplinger reveals the secrets of how he does it:

  • He’s actually a dotcom millionaire–so he gets to feel virtuous about his spending habits, instead of strapped
  • He doesn’t own a TV (Are they that expensive?)
  • He drives a Prius (He has substituted capital expense for ongoing operating expense)
  • Most importantly, after taxes, his spending is equivalent to a salary of $100,000 a year.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.

Tagged In

finance home-us