Your Income
Well Realistically, Let me go over with you on some basic math: $50,000 a year. After taxes you only get about $37.500, mortgage or rent about $1,000. Your new cash flow is 37,500-12,000= $25,500. An average car payment of $300/month. Adding your insurance about $200. Your new cash flow is 25,500-6,000= $19,500 a year. Let's talk about food with a minimum of $400.00 a month. Your new cash flow is 19,500-4,800= $14,700. I did not even include car gas, maintenance, daycare, utilities, cell phone, activities, day out once a month, medications, manliness, hydro electricity, water and gas etc.
So the next time you want to apply for a credit card or add new expenses to your monthly budget think about this post. Don't believing the hype!! Your cash flow is NOT $50,000 a year; your cash flow is actually under $1 a year.
Even $60,000 a year will not bring you to the actual $1 income. This is why you wonder how in the world your check is gone in less than 48 hrs every time you get paid, you wonder why poverty is eating Ontario, and you wonder why we have medical problems. And mantel health issue and crime rates are increasing.
So figure it out when cost of living can change in a gas station or the market from one day to another. I see we are in an edge of revolution a silent one because we Canadians believe in peace and in democracy. I believe in social justice, my dream is to end poverty not only where I live but all across to make it fair and right. If you work full time you shall not live under the poverty line. If you work in one company for half your working life don’t you think you shall have a fair retirement? Or at least a fair treatment and respect toward the end.
If you work as a government for the people you represent the first thing you have to do is to get them out of poverty. that the just you have to do, lower taxes encourage good behavior, get children involve in sports, art and education... Not on drugs and on line gambling... and I can go on and on... No one in Canada shall live under the poverty line.