According to Kiplinger.com, 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.
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