Cost of Living And Mylot Earnings
By WebMann
@WebMann (4731)
Canada
May 14, 2009 6:04am CST
First, this is not a criticism of anyone, just a curiosity.
I have always been curious about the fact that so many can stay online at Mylot all day, just to earn a little.
I live in Canada and there is no way I could survive here on Mylot but I like it hear and have at least an hour of fun each day with all the discussions but then I have to get out and put some work into my sites so I can earn enough to survive in Canada.
Heck we need at least $35.00 a day just to pay for our home and it's not a fancy home by any means, although it's our dream home. Then there is food, transportation, taxes and much more. So there is no way I could earn enough at Mylot to live for long.
And that leads me to the question:
What does it cost you to live each day in your country?
2 people like this
4 responses
@sudiptacallingu (10879)
• India
14 May 09
I have not really calculate it that way…but if I divide the bills and food and transportation and grocery and everything, I think it should come to between USD 2 to 3 per day…this might seem a pittance to you but converted to Indian money its about Rs. 100 to Rs. 150 per day which is quite a lot. If you take all denominations to be same, then its actually cheaper to stay afloat in USA than in India, coz over there (from the info I get here at mylot) a lot many basic things are quite cheap and affordable to all.
Mylot is more of an addiction than a paying site, if you consider the payment in USD and then to paypal and then to my bank in Indian rupees, it’s a waste of time. But the internet itself is so addictive and then I was addicted to those silly games, so why not mylot (this was my first thought) and now, not a day passes without me saying Hi to my friends here.
@WebMann (4731)
• Canada
14 May 09
Hi there. I think you missed my point a bit. I am talking about the cost of living and your online earnings. If you can live on $3.00 USD a day and I need $35.00 just to keep my house how can I stay afloat cheaper than you. :)
I think I missed something in your conversation.
@sudiptacallingu (10879)
• India
14 May 09
Let me clarify a bit…
First of all I think both of us agree that online earnings at Mylot don’t sustain us or pay our bills, right?
Secondly, I have met many many people who believe that people in the USA or Canada or UK (first world countries so to say) live lavishly and are very well off when compared to people living in say, India. That was my thoughts too, before I came here on mylot and learned a lot from friends of those countries. So my reasoning goes like this…if you leave out the denominations i.e. Dollars or Canadian Dollar or Pound or Rupee etc and just take the amount earned per month, it comes to like (for example) both you and me get paid 3000 per month (salary, business, online earnings whatever) OK? Now, of that 3000, you need to spend only 35 per day to stay afloat whereas I need to spend 100 to stay afloat…so isn’t it cheaper there? It is possible because (I think so) one dollar has a lot of value in your countries whereas one rupee has practically no value over here! There’s hardly anything we can buy with one rupee…I understand the economics though, the dollar is way stronger than the rupee hence, its more valuable.
However, if you are to convert that 35$ to Indian currency and spend that amount here, you would be spending a small fortune per day just to stay afloat…it comes to Rs. 1750/- (somewhat) and maybe that’s the entire amount a very many people earn in their entire month.
@WebMann (4731)
• Canada
19 May 09
I see what you are saying but I receive my earning online in USD funds as do a lot of people around the world. For us here in Canada earning in USD funds is great because I would get about $1.25 for each US dollar I earn.
In order to compare cost of living it needs to be in the same currency.
How much in US dollars would it take for you to live?
It would take us about $30.00 per day in US dollars to live.
Now if take the money it takes you to live per day and convert your currency to US dollars. What does it take in US dollars to leave each day?
@zed_k4 (17589)
• Singapore
20 May 09
Hi WebMann, I know this isn't related to your discussion topic but what are your methods to gain traffic to your blogs and hence, increased earnings. If you have any discussions that you have done on this, perhaps you can direct me to it or you can answer if you want. Thanks in advance.
In my country, we need at least $30-$40 per day to survive. And it is not enough sometimes, what with rising fares everywhere. I use mylot while I am at work and skiving. I need time to replace my boredom at work. I work long hours and if I don't have something to 'skive', I'll go bonkers. I love mylot and blogging. Plus that new thing everyone either love or hate which is Twitter. Have a nice day.
@polachicago (18716)
• United States
14 May 09
My cost of living is between $60 per day, so my earning on Mylot can help for charity or little gifts for those in need...
If enough time to spend, maybe I can invest Mylot money in penny stocks to support my future animals foundation...
@WebMann (4731)
• Canada
14 May 09
I don't mind giving my time but I am a bit tight with giving up my earnings. :)
Over the past couple of years I have used the money I earn from Mylot to buy domains to start new blogs and to pay for hosting my blogs.
Now I have a simple plan for my earnings. I have asked people here to write articles for me. I usually get a payout every month if I don't get too busy elsewhere. So I plan to use the future earnings to pay for at least 3 or 4 unique articles for my blogs.
Over the course of a year my earnings will help me with about 50 unique articles and I will have helped out 3 or 4 people trying to earn a living.
1 person likes this
@tigerdragon (4297)
• Philippines
19 May 09
i am from the philippines and the cost of living here , even if we are in manila (main city), the cost of living is not that high but considering the average income level which quite low, for most people , it is not enough. i consider myself as one of the average filipino who can live with $400 a month. most people here are only earning a regular salary of $150 per month. you will be surprise most people can live with that kind of salary and still manage to have a family of five! a US dollar conversion is $1 to Php48.
@WebMann (4731)
• Canada
19 May 09
I know we live good here in Canada and have many things we could do without, like satellite dishes and many of the luxuries we have. I feel bad for a lot of countries and feel blessed to have been born here. I am not putting down others by saying that just talking from my heart.
I don't know how people can earn so little and have so many kids and survive. I see the same thing here and wonder how they do it, when we had a hard time raising just one child. My hat goes off to all those that do a great job raising so many kids.
Just so I am clear. You are saying that a Filipino can live on $400 a month. That amount is in Filipino currency, right?
So if I converted $400 from your currency it would be about $8 or $9 USD ?
@tigerdragon (4297)
• Philippines
19 May 09
hi webman, thanks for the reply. $400 converted into peso is around Php 19,200 (peso). for an average filipino that is ok.just imagine some filipinos earning less than that and maintains a family and still has the basic luxuries like tv, a dvd player and a sound system! we, filipinos are very resourceful, we can find ways to earn on the side without being taxed.
