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How to Thrive on $10 per Hour: A Manual
Note, I will be applying absolutely provable laws & facts as strong as the Kinematic Equations from Physics--see below:
-One can easily find an apartment for $750 rent per month in a nice, safe area
-Electric bill between $20-$50 per month
-Internet only package for $50 a month (optional)
-Phone bill, service + unlimited data for $50
-Food for $60 per week, is $240 per month
-Miscellaneous for $100 a month
Then, taking the high end for each estimate, we arrive at a figure of $1250--note one could do with much less, say $1000 per month if necessary.
Now, 10x40x52=20,800. ==> 20,800/12=1,733.33
Before taxes, one would would be able to pay for necessities plus $500 surplus per month.
Now, factoring in taxes, 8.3x40x52=17,264. ==> 17,264/12=1,438.66
Therefore, an individual making $10/hr wage with taxes included, even in the absence of other benefits, will be able live a comfortable local lifestyle with bills payed, necessities met, and some pocket change for spending and/or saving. Further, one could up their hours to 50 or 60 per week, which still provides enough free time to read a book a week, train/exercise, engage in hobbies, etc., relax/sleep.
For 50 hrs: 8.3x50x52=21,580. Also, some money will be back awarded during tax season, say several hundred. Then, about $22,000 per year. Potential to save $7000 per year.
For 60 hrs: 8.3x60x52=25,896. Again, money will be back awarded, say several hundred again. Then, $26,300 per year. Potential to save $11,3000.
Thus, not only would one be able to survive, they can (a) attend Community college and/or 4 year College (b) save up to purchase their own home/land within a few years or so (c) spend excess money on trips, etc. as they please upon their own discretion.
Endnotes on bills:
-MetroPCS offers $30-50 a month phone bill as described ==> https://www.metropcs.com/shop/plans
-Verizon offers $50 a month internet only plan ==> Verizon Fios Internet, TV, Phone
-Dollar Tree & other dollar stores provide fruits, vegetables, fish, meat, oatmeal, bread, nuts, cleaning supplies, other household supplies, etc. for $1 each ==>https://www.dollartree.com/department/food-candy-drinks
-One could find an apartment in that price & location range immediately online. Here is an example, I simply typed in Columbus, Ohio. Note, Columbus, Ohio is home to Ohio State University, which is $10,000 per year, and could also be attended on a $10/hr wage as described here and elsewhere. ==> https://www.forrent.com/find/OH/metro-Columbus/Columbus/price-700+1000
-Miscellaneous items including clothes, washer+dryer, etc. Walmart, Macy's, Outlets, Amazon, etc. etc. have plenty of nice, low priced/discounted clothes. Washer and dryer, say $20 a month. Library is free, which provides all necessary books, audiobooks, movies, newspaper, magazines, video games, etc. etc. Also, used book stores have all such items for extremely cheap as well, say $2-3 per used book/video/game. Here is one such branch ==> https://www.betterworldbooks.com/
Note, I will be applying absolutely provable laws & facts as strong as the Kinematic Equations from Physics--see below:
-One can easily find an apartment for $750 rent per month in a nice, safe area
-Electric bill between $20-$50 per month
-Internet only package for $50 a month (optional)
-Phone bill, service + unlimited data for $50
-Food for $60 per week, is $240 per month
-Miscellaneous for $100 a month
Then, taking the high end for each estimate, we arrive at a figure of $1250--note one could do with much less, say $1000 per month if necessary.
Now, 10x40x52=20,800. ==> 20,800/12=1,733.33
Before taxes, one would would be able to pay for necessities plus $500 surplus per month.
Now, factoring in taxes, 8.3x40x52=17,264. ==> 17,264/12=1,438.66
Therefore, an individual making $10/hr wage with taxes included, even in the absence of other benefits, will be able live a comfortable local lifestyle with bills payed, necessities met, and some pocket change for spending and/or saving. Further, one could up their hours to 50 or 60 per week, which still provides enough free time to read a book a week, train/exercise, engage in hobbies, etc., relax/sleep.
For 50 hrs: 8.3x50x52=21,580. Also, some money will be back awarded during tax season, say several hundred. Then, about $22,000 per year. Potential to save $7000 per year.
For 60 hrs: 8.3x60x52=25,896. Again, money will be back awarded, say several hundred again. Then, $26,300 per year. Potential to save $11,3000.
Thus, not only would one be able to survive, they can (a) attend Community college and/or 4 year College (b) save up to purchase their own home/land within a few years or so (c) spend excess money on trips, etc. as they please upon their own discretion.
Endnotes on bills:
-MetroPCS offers $30-50 a month phone bill as described ==> https://www.metropcs.com/shop/plans
-Verizon offers $50 a month internet only plan ==> Verizon Fios Internet, TV, Phone
-Dollar Tree & other dollar stores provide fruits, vegetables, fish, meat, oatmeal, bread, nuts, cleaning supplies, other household supplies, etc. for $1 each ==>https://www.dollartree.com/department/food-candy-drinks
-One could find an apartment in that price & location range immediately online. Here is an example, I simply typed in Columbus, Ohio. Note, Columbus, Ohio is home to Ohio State University, which is $10,000 per year, and could also be attended on a $10/hr wage as described here and elsewhere. ==> https://www.forrent.com/find/OH/metro-Columbus/Columbus/price-700+1000
-Miscellaneous items including clothes, washer+dryer, etc. Walmart, Macy's, Outlets, Amazon, etc. etc. have plenty of nice, low priced/discounted clothes. Washer and dryer, say $20 a month. Library is free, which provides all necessary books, audiobooks, movies, newspaper, magazines, video games, etc. etc. Also, used book stores have all such items for extremely cheap as well, say $2-3 per used book/video/game. Here is one such branch ==> https://www.betterworldbooks.com/