For me I would take the 40% pay cut because I was taught to live within my means. If you are spending over half of your earnings on the basics to survive... you should rethink your strategy! :)
Sandpiper121PP
Pfft. You've never worked at 150% of minimum wage (~$11/hr=$1760 gross/mo) renting your own apartment ($450+), maintaining a vehicle ($400; gas+insurance+etc), buying food ($200), communications ($150; cellphone+internet+cable). And that's just for a single guy (girl?) striking out on his own.
And what about the student who just graduated and can only find this crappy ~$11/hr job? Add in any credit card payments that were necessary to get through school($35+/mo)and don't forget about the all important STUDENT LOANS you have to repay ($250+/mo on average).
Honestly your method isn't feasible for the real world where people work and can't/don't live off of mom and dad's inheritance.
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