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Be Wealthy & Smart

What Salary Lets You Live Comfortably?

Be Wealthy & Smart

Linda P. Jones

Finance, News, Invest, Investing, Economy, Money, Financial, Business News, Business

4.8883 Ratings

🗓️ 25 June 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

Discover what salary people said lets them live comfortably. 

Are you investing well for financial freedom...or not?

Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.

If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars.

Your compounding rate, and how well you invest, matters! 

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Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America’s Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom. 

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Transcript

Click on a timestamp to play from that location

0:00.0

Be Wealthy and Smart, episode 1524.

0:03.7

I'm going to live the rich life, full than best life, guess life.

0:11.1

So if you all know what I mean, put your hands up and declare with me, yeah.

0:15.0

I'm full of bread, ha, ha, ha, ha.

0:18.6

I'm going to live a good life. Beautiful and glorious life. step into a world.

0:23.6

Step into a world of wealth and financial freedom without budgets, boredom or bosses on Be Wealthy and Smart.

0:33.6

And now, here's your host, Linda P. Jones. Welcome to Be Wealthy and Smart. I'm Linda P.

0:40.7

Jones, America's wealth mentor, empowering women and men worldwide to financial freedom. On today's show,

0:46.0

we're going to talk about a survey that asked, what salary do you need to earn in order to live

0:51.8

comfortably? This is according to Bank Rates Financial Freedom Survey,

0:56.4

and interestingly, nearly half or 45% of all adults said they would need to make $100,000 or more

1:03.0

a year to feel financially secure. Roughly a quarter, 26% said they need to make $150,000 or more,

1:16.4

and fewer, 16% put the bar at over $200,000 to feel financially secure. Now, when you compare that to what people actually earn, the median household

1:21.9

income in 2023 was a little over $80,000, according to the U.S. Census Bureau. In the survey, the share of Americans

1:29.2

who said they do not feel completely financially comfortable rose to 77% in 2025, up from 75% last year,

1:37.5

and 72% in 2023. Bank rate polled more than 2,200 people in May.

1:43.6

Carolyn McClanahan, a certified financial planner and founder of life planning partners in Jacksonville, Florida, said,

1:49.6

one major issue is that wages have been stagnant for a large majority of the population over that time,

1:55.2

and prices continue to rise. Add to that, the backdrop of political instability everyone is feeling,

2:00.5

and I think that is a perfect

2:01.8

formula for people not feeling financially secure also with households facing surging child care expenses

2:08.2

ballooning auto loans high mortgage rates and record rents along with the resumption of student loan

...

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