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$1k a week profit for a single person or couple without any dependents is plenty of money to live an average lifestyle. You can either have an apartment anywhere but Manhattan and Beverly Hills, a small older house or a mobile home. Eliminating luxury items like movies, video games, alcohol, eating out, etc etc your cost of living will remain very low. You could spend a few bucks on movies, maybe eat out once a month.
As soon as you have a bigger and/or newer house or in a more expensive area, your expenses immediately go up. If you work at home or for yourself, they go up even more. Your cost of living is directly connected with your housing and area.
Unless you live off of credit cards in constant debt, you won't be able to have a big house, fancy cars (especially the insurance on them), travel to many places, eat at expensive places often, or buy things that you would if you weren't on "budget." You can save up for big purchases or whatever, but you will always have to live within your means to not go into debt.
Our expenses not including business for Napolean, me and my mom:
Rent: $1600/month
Gas: $50/month
Electric: $300-$500 a month
Water: $50/month
Car payment: $567/month
Car insurance: $290/month
Groceries: $400-600/month
Gasoline: $50-$100 a month
Cable: $120/month
Phone/DSL: $350/month
Those are just our basic bills not including business expenses, taxes and "luxury" items like our furniture, movies etc. We're going to be downsizing soon in an effort to build a house in the next few years. You will never get ahead by renting or having a huge mortgage. So really, anyone could live off of $1k a week or even $1k a month, but it just depends on what you want and not what you need. A lot of people are satisified with living modestly and normal/middle class. Others want it all... I'm somewhere in between. I can really go either way. Having money is definitely better than being poor but I'm a switch hitter, I can be happy financially either way. I just don't see any reason not to make yourself successful. Working and striving keeps you young. When you're green you're growing, when you're ripe, you rot.
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