SMS 139 – Living on Minimum Wage

Living on minimum wage

Can it be done?

If you do figure out a way to survive on minimum wage you actually have a superpower.

When does it make sense:
To build a career or it leads to greater prosperity
Semi-retirement
Supplemental income
Summer employment

Concerns with living on minimum wage:
Not a long-term solution – deprivation will catch up to you
Living on the financial edge for an extended period of time will wear you down
Raising a family would be a challenge
Credit could be your undoing
Location is important – if you can’t solve the income equation work on the expense side
You will not be able to build wealth
Are you really being deliberate?

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