Let's have a discussion about this.
What dollar value do you need to earn where you live to have a 'living' income?
I think in London, a very expensive town, you'd get by with about $1k, but you'd be living hand to mouth as most of that will go to accommodation and bills. You'd also have to be single and have no dependants. The more realistic amount would be $1.5k.
Thank you @soyrosa and @teodora for the amazing conversations.
Peace and Love ✌🏿
Adé
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Well, I live in Lagos Nigeria, the financial capital of Nigeria. Well, the minimum wage here is $51 which is highly unrealistic. I think for an average Lagosian to have a standard living $300 would do. I can survive on less-- I am now, but it's really going be a hand-to-mouth situation and people do not grow or develop in such conditions. As a steemian--a full-time steemian, I'm usually short each week when it comes to the amount I earn. And data is quite expensive and that usually takes up to 50% of my earning most times. What makes it easy is the fact that I have the support of my mum. But basically, if I can earn $300 monthly I can afford to live a decent life here.
Thanks for the breakdown. $300 is emerging to be the consensus for Nigerian towns (if it's good enough for Lagos, I imagine it's great for other cities too).
Most people in London can access free or cheap data. It's interesting the things we take for granted here.
Thanks for the breakdown. $300 is emerging to be the consensus for Nigerian towns (if it's good enough for Lagos, I imagine it's great for other cities too).
Yeah with $300 you can do stuff and actually save some change, which is very important.
Averagely I spend close to 25steem every week on data. Given what I earn here that's pretty a lot. Free wifi is actually a dream for me. Lol, I have not even factored electricity. Lol make that $500
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Hahahahahahahah
Hmm...
Would this be a viable business idea in Lagos. Steem Powered Free Wifi.
A workspace / cafe where you can access free wifi if you delegate Steem to the Cafe account. So rather than spending that 25 Steem, you delegate it.. and access the free wifi for as long as you're delegated?
I've thought about a steem cafe in federal unis across Nigeria. The best place to get young minds who are more open to techy things. People can come to lounge, eat and pay in steem... And of course, use free wifi for delegating to the project. It will certainly create a lot of buzz around major campuses
Great idea. I just did some quick googling and it seems one can get "unlimited" data (4G) for about $55 in Nigeria, throttled after 80GB. That would be sufficient for about 10 people pooling $5.5 together for the month.
This is starting to look like a viable business :) . The issue would be that of where to locate the place. It would have to be low cost or free.
If it's in a university setting they will finish in hours. Students have no joy! But it is doable. Maybe data limits can be set for each individual.
There is a place in uniben called bukah. It's a combination of several restaurants where student goes to ear. The mifis can be stationed in a few selected stores. So students who have steem or have delegated to the project can go there to eat and have access to free wifi. I think the store owners won't mind since it would bring customers to their stores. But I'm just brainstorming. A lot of detailed work and planning needs to be done to actually make something like this possible.
Some banks in social do stuff like this. The wifi is not restricted and student abuse it. So for this to work some sort of cap needs to be put in place.
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Ah, glad you mentioned me in the post or I would have missed this awesome video! Lovely to see some of the shots of 'our' day last Friday <3
I think 1500$ is about right for my city Rotterdam as well. Maybe a little less if I scraped a bit off the food, but not much.
I could find a cheaper house though, but after a certain income level in the Netherlands you can be certain rent is never cheaper then 'social housing' which is about 680 euros. Buying can be cheaper because the interest rates are good and if you bought something for 150k (possible if you don't care about how it is maintained by previous owners and location) you'd have even lower costs and since paying off your house counts as 'saving up' as well I could get by with saving less money per month - ending up with more 'free to spend' euros. I might be able to live for 500 euros a month, money can be done cheaply, health insurance is a given... So maybe 1000 euros a month?
Interesting topic, going to read input from others now as well :-) Might be living somewhere else real soon if I could get by with 500 euros a month :D
Well social housing in little fillages are like 300 for a whole house. You get some back if you don't earn much the deal is that you can live from 700 euro social allowance. You get sports etc for free you get free food also for the whole family but it's not really good food voedselbank. The utillitybill would be like 60 dollar a month. Internet 30 dollar. Here in the heague Holland you can get also special housing it's small but cheap for the people who lost everything and mostly internet and power is included. It will cost you like 300.
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That's amazing!!
I think the UK are very similar in cost and many things. Your social structure is a little better than here though.
I too am researching perhaps upping and moving somewhere less pricey, but I've been trapped by that London web we talked about :)
Interesting question, well for my country it depends on which city do you live. In my city which is kinda country side, I would say for a single person with minimum life(renting a place, foods, internet, gym, sometimes buying clothes) it costs 100$ per month 😅
Well I lived with less than that when I was in university but living was easier back then 😅😂 it's expensiver now!
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Thank you. I hope you’re able to make a good living ✨
In Romania you can have a room for about 200 dollars, food and bills for another 300 dollars. This is in the capital, country side could be 100 for a smallish place on your own
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Sounds like a possible future digital nomad hotspot like Thailand :)
Whoaaa.
Good question bro.
Here in South Africa there's people surviving with $150/month, but you ain't gonna do much.
Then you have the complete opposite with millionaires spending ten times that amount per day.
I am aiming for $5000 per month to be able to live anywhere , so STEEM you better moon up!
That's incredible! I would have expected it to be higher in South African actually.
Yeah, I wish you luck with that target hahah!!! and YES STEEM!!!
Interesting question, living wage here in Long Beach, CA the least I could get by on if I had to cut out many things ...but not cut out everything I would say 2k usd a month. that would be tough and not very enjoyable especially including the fact that you would almost for sure have to have a flat mate or live in a crappy part of town, I think to feel comfortable but not extravagant I would say about 5k usd. 8k-12k is probably the median income where I live and optimal unless you've managed to secure very affordable housing by luck, or be a homeowner that purchased before the early 2002's. Interesting how the amount differ from country to country but in all reality we all need the same basic things for happiness.
Good Lord!!!!!! That's expensive!! I thought London was bad.
I guess you guys have to pay for everything over there, unlike in Europe where we have social healthcare and all that.
I'd visit, but wont be moving to CA any time soon :)
It’s doable cause wages are pretty high here. I don’t really spend money on medical. Haven’t had insurance in 30 years and my medical expense has been only a few thousand dollars for all those years. You can’t beat the weather here, that’s really why it’s so expensive here. Very comfortable to live here ... plus I can go snowboarding, motorcycle riding, and snowboarding all in the same day if I wanted to.... I’ve tested this and it’s possible
This is a really interesting question ade!
I live in Hamburg and I have some friends here who are able to survive "easily" with 500-600€ a month. 200€ is taken by a room in a flatsharing so 400€ for food, mobile costs and cosmetics. But they are really looking on their payouts, buy a lot second hand and try to get free food in containers and so on.
So I would say the minimum for me personally would be around 1000€ in total. I live in a flatsharing as well but I want to have some fun and reward myself from time to time :P
Peace!
Interesting. There’s a lot of free food in London. I can imagine it is similar in Hamburg. You just have to know where to go.
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Nice AdeMovie. Minimum, maybe like 100 AUD a week if you live at home.
I stole this from the internet "Notes / Footnote. $694.90 per week (before tax), or $18.29 per hour. Adults whose productivity is affected by their disability are paid a percentage of the national minimum wage, set in accordance with Schedule A to the National Minimum Wage Order"
P.S: That map behind shows Australia. Guess it exists afterall
There’s no such thing as AUD.
That map is a conspiracy theory map 🧐
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You get more worse as the months move on
I live in China so at minimum spending I need like 1000 ¥ about $150 approximately.......
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Wow, that’s the lowest number so far. Is that a comfortable life?
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Am living life as a student so it's enough for food expenses ..... But if you look for conformable I say 300-400 still for a student....
If you have a rent to pay you might need more.... And depends on the city you are in.....
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Very interesting question. One of the most important for digital nomads actually :) I am currently based in Playa del Carmen, Mayan Riviera, Mexico. This is one of the most expensive regions of the country but if you don´t mind living in a suburban part of the city in a very low-cost way, you can survive here with some 350 USD / month.
I wouldn’t mind living in a suburb for sure as long as I have good transportation:). I’d also love to live on a beach :))
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Well, besides having to commute to the center, living in a suburb of Playa comes with another major disadvantage. These neighborhoods have an alarmingly high crime rate as this is where most of the drug-related crimes take place. There is a murder or a street shooting in these parts of the city almost every day now. Would you still live there? :D
I am living in Poland. Here we have PLN . One PLN is... Maybe different. One dollar is 3,79 PLN . I think I need 1000 PLN for month to live "normally"
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In my country Nigeria with $250 to $300 a month, you can live a little bit above average life.
That's interesting. So the minimum would be around $150 like South Africa?
I guess so. I don't have an idea about the standard of living in South Africa.
Pretty much the same. You gotta add transport to that if you wanna get to work too so 200 i guess
I see.
In Nigeria with about $300 you can live a more relax and comfortable live for a month
So that's just a bit more than 700 STEEM in today's value. That's still unrealistic for most Steemians.
It's unrealistic even for some orcas really 700 steem in a month is nearly impossible, I earn just 120 steem monthly here
I think it should start from 1500$ and higher. But this amount also depends from in which city of country you live.
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How much for your city?
1500 enough
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I'm living on about 450 usd per month in Kuala Lumpur Malaysia. I think I could go cheaper. My wifi is the most outrageous cost. Both it and my rent are about 100 usd a month.
WOW! That's really good rent haha! That's one night out in London haha. Thanks.
I have a room in a quiet condo shared with others I rarely see. I have use of a washer dryer and shared kitchen. My room has a balcony and the condo has a pool, restaurants, and shops that are all good and cheap. Outside the gate is more cheap food and shops and the Light Rail which is about 30 minutes to the center city, though I rarely go there.
After paying a fortune for bad places in California for years, I know how good I have it here :)
That seems nice and convenient... and you still get to keep the good weather :)
It's hot as can be now. We are in a heat wave and I am melting :)
For a compare and contrast I live in klang a half hour drive from KL with no traffic, which is rarely possible, but I digress. Rent is 300usd car payments n gas easily another 300usd then at least another 400 for life stuff and food for my wife and I. This is for comfortable living nothing lavish.. So about 1000usd.. If living single maybe 7-800 but not a penny would be saved and there would be no way to have any hopes of longevity or security..
More compare contrast the migrant workers make it off of 300 USD a month and and minimum wage here is about 260USD but there is no regulations on work hours..
Smaller older housing can be 150usd and room sharing cramped conditions down to 75usd...
In California I was making 70k and breaking even..
Also @fitinfun I pay under 30usd a month for umobile and have unlimited data, if tethering it's 30gb.. Astro or maxis is expensive though for sure, but so is 🍻 lol somethings are a must 😂
I woukd have thought London would be more as it was only second to Zurich in my hotel costs when I used to travel! I think here in Miami, US it is similar although the city has expanded and housing becomes cheaper outwards. $1,500 still seems low as I would say more like $2,000.
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Yes, you'd be living like a very poor person. London is really expensive. I'm talking of minimum hand-to-mouth stuff :)
In Japan not in a major city I’d say about $700. In Tokyo around $1,100 and this would be minimalist living . Taxes ( city tax, healthy insurance, and if pension applies ) alone will take out 25%!
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Thanks for the insight. I expected Japan to be more expensive. I guess it’s just like the UK. London is expensive but you can save more money living in the countryside.
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it can be but in regards to bare minimum and seeking out the best deals you could survive in Tokyo on $1,100. Yeah I heard London is pretty expensive, my friend from London lived here for a year and was surprised how much cheaper it was than London
In Nigeria, feeding cost so much alone expecially if you have the incalculable uncertainties that comes with family and it'll be difficult to basically calculate because we are going through a recession period in Nigeria and the cost of living increases everyday
That's sad to hear. I hope with the elections coming to an end, the government can now focus on getting the economy back on track.
I hope so too, however if I can earn $300 in one month it's relatively okay, I'll live moderately and well I hope the economy can be reset because the average person in Nigeria will find it difficult to earn up to $300
Actually in ny country Nigeria, it depends on how individual spend either flamboyantly or with caution. In my country Nigeria. $300 is pretty okay for someone as that will be close to 100,000 naira when converting to my country currency. But to life most comfortably, i will choose the range of $500 which will be close to 160,000 naira per month to live per month. That will be close to around 1300 steem needed per month in nigeria i guess.
That's still quite a lot of Steem. You're right about the spending habits. So your estimate is for someone with a family? What about just a single person without any dependants?
If then it is for a single person who can spend with caution, then around $150-$200 is okay which will be around 45,000 naira - 70,000 naira in my country currency if i am right with the conversion rate. $200 should be pretry okay for a dependent person but just like you said, it is still high if converting it to steem as it will be equal 500-600 steem also.
But also if steem rise in value and hit like 3$, then the amount of steem needed also will reduce compare to the current price so i will say it falls into three ways
One, how the person spend or how the person budget his spending per month.
Second, the area or the city the person live at. Like you said, london is pretty expensive living compare to south africa also.
Thirdly, the value of steem price as if steem is worth more, then the steem require will be few but if steem is worth less like this current price market, then more steem will be needed.
This is my view on it
450 € for a studio or co-renting and 250-350 € for food in Annecy,France.
Hey Ade.
I'm up in Liverpool and I'd say it is about $500 less/month to survive here than London. I manage to just about scrape by in a bedsit, paying most of my utilities etc on time for around £700 or $921.10/month. I think it is pretty much impossible to live off steem in the UK. Also, £700/month is not really what is needed to live up here, I'm in debt up to my neck and rarely go out. Ha ha, that is a serious bare minimum estimate.
In fact I had a dream to travel the world while writing primarily on steem last year but I learned a very important lesson writing on this blockchain; there are so many factors/uncertainties that dictate the dollar value of your posts that no one should really plan a life around content creation on steem. Sure, plan around content creation across a multitude of platforms; Medium/Patreon/WordPress etc. But the only people who might be able to live from steem are those in Africa, South America and Southeast Asia. Even then, the overall market can destroy the average dollar value on your posts within months and honestly, quality is no guarantee of earnings on steem. Networking is the only guarantee of at least some monetary growth on accounts, and if you're not great at the networking game, or you can't network (time-wise), then it's gonna impact things as well.
So what is the point of this rant, well I think my main point is just tying into the idea that people should really educate themselves when they join steem in regards to expectations. I see this as very important as I kinda feel like the way steem promotes itself to the outside world does give people the impression that they may be able to build themselves to live from earnings on here. At the moment this isn't true for 99.9% of new steemians, and that can cause massive frustration and is the reason why we have low retention rate.
Ha ha, but after that rant I just wanna say that it was nice to see you guys chilling in the vlog. Nice to see Soyrosa made it to the London meet up :)
I need a lot of dollars to survive
Sorry but what's the font you use each time on your video snap? I just need to know this before I can survive in my town.
American Typewriter :)
Ah yes! It's among my imagined candidates. Thanks! :D
in ukraine in city Kharkiv you can rent a whole new flat for 250$/month, minimum for the food 250$/month