How Much Money Do You Need Each Day To Survive?

United States
August 4, 2008 11:36am CST
MyLot attracts people from all over the world. The cost of living varies from place to place. Where I live, gasoline is priced at $4 per gallon. Bananas are priced at $0.79 per pound. Milk is priced near $5 per gallon. A loaf of bread is priced around $3. Not all prices are the same everywhere, and not everyone has the same expenses. (Some people do not need gasoline, because they do not have automobiles.) Have you tallied all of your expenses? Do you know how much you need to earn each day as a bare minimum in order to survive? Or do you have a target amount as a minimum that you need to earn or would like to earn each day?
4 responses
• United States
4 Aug 08
We keep a very careful budget to know what we need. Including self employment tax needs I need to make $100 a day or more in order for my husband to quit his job (which is our goal since we both want to write for a living). This would get us utilities, our apartment, food, gas, health insurance, car and renters insurance, and pay our taxes. Right now I am making about $15 a day or so...I seem to have a long way to go!
1 person likes this
• United States
4 Aug 08
$15 a day is a start... And while it is not the $100 that you hope for, it is certainly better than only $5 or $10 a day! I find your "July earnings" post on your blog ( http://alittleofeverythingthatmatters.com/?p=105 ) to be a very interesting post, especially as it details what you have earned at various sites... with only having worked 4 days during the month! Helium has really been a big winner for you in the passive income earnings stream... Did you participate in anything special (contest, writing assignment), or was this strictly made from old articles? Thanks for your reply! Best wishes on your journey to $100 a day!
• United States
4 Aug 08
That was from old articles. I wrote one article at Helium last month and that was it. However, now that I have tons of articles there I have sold some of them. Publishers will buy them even when you aren't submitting them to the market place. July I sold two for $8 each. So far this month I have sold one for $12. However, most of the articles I wrote on Helium were during the reward-athon so I made 1400 from them earlier this year on top of the passive income I get from the articles. Helium was my first site and the site I have the most articles at (by far). It has been a good passive income, but I think that my other sites will be as well if I get enough articles there...lol...it all takes work but it is growing.
1 person likes this
@banadux (630)
• United States
4 Aug 08
For my fiance and I to survive together our expenses average out to about $100 a day. Not much chance of ever making that much on myLot. I've actually been around a couple months and still haven't hit the $10 yet. Nothing online thus far has made me enough money to really make a dent in our expenses except for playing EQ2 and selling currency, it's legal on two of the EQ2 servers to do so and that has made as much as 600 in a month, but recently the market has crashed and I make nowhere near that anymore. I still daily do things to pick up a few cents here and there and am glad to accept the occasional $10 check to help things along.
1 person likes this
• United States
4 Aug 08
It seems to me that the only way of building those kinds of earnings through myLot would be through referrals. I have no referrals, so this is absolute conjecture on my part. I like to play with numbers, so, if you're willing to humor me, I will work through various scenarios: Scenario #1 - Let's say that you could easily recruit thousands of referrals and inspire them to contribute to myLot in an absolutely minimal way. You inspire them to come to myLot every day and make a contribution (post a discussion, reply to discussion, upload pictures, etc.) for which each of these referrals manages to earn $0.12 per day. (A person would not have to go to great lengths to do something to earn $0.12 per day. I am certain that most people could easily earn $0.12 each day on myLot.) For each referral, myLot pays 25%. If your referrals each earn $0.12 a day for themselves, you would receive $0.03 per referral. (Not too exciting.) You would need to recruit 3,334 referrals who worked in this minimal way in order for you to receive your $100 per day from myLot. That is possible, but ridiculously unlikely. Scenario #2 - If you were able to inspire your referrals to double that amount and each contribute in such a way as to earn $0.24 per day, you are still working within the realm of possibility without expecting too much from each of your referrals. Your earnings would jump to $0.06 per day. (Which, again, is not all that exciting.) Now, you would need 1,667 referrals each making $0.24 per day in order for you to receive $100 per day in referral earnings. Scenario #3 - On my best day at myLot, I managed to earn $0.97 from my contributions. (I have no referrals at present. That earnings figure is purely from discussions, uploaded pictures, etc.) I posted and replied to discussions in my usual fashion (i.e., the length and depth of this post). Let's say that you were able to recruit people who were able to earn at this phenomenal rate of $0.97 per day. (Other myLotters have reported higher daily earnings; I myself have never broken the dollar mark.) With this figure, your referral earnings jump to $0.24 per person. (Which, again, is not all that exciting but is a lot better than three cents.) You would need to recruit 417 people working as hard, each making $0.97 per day, in order for you to make $100 per day in referral income. Scenario #4 - Allow me to run one more scenario: Let's say that you only wanted to recruit 10 people. You figure that you could easily manage a team of ten people, and you could motivate them to work as hard as was needed at myLot in order to bring in a referral income for you that would total your $100 per day. Since your referral earnings come back to you at 25% of what each person earns, your referrals would need to bring in a combined total of $400 per day for you to receive $100 in referral earnings; each of the ten would then have to earn $40 per day on myLot in order for you to make $100 per day. As you said, "not much chance of every making that much on myLot" ... but I "am glad to accept the occasional $10 check to help things along." Thanks for your reply!
@Sonadora (356)
• United States
4 Aug 08
I calculate this all the time to know what I need to make per diem. Mine is not that much really. I live so close to school that I can walk and I never eat out, but groceries can be expensive. I'm talking $4 for a box of cereal! That is ridiculous. Usually I can survive on very little, but I always like to know what I need to bring in on a daily and weekly basis. I give myself a range, like what is absolutely necessary and then what to aim for if I want some extra things.
1 person likes this
• United States
4 Aug 08
You answered my original question, but I have another question that is similar. I am curious if myLot actually pays enough for some people in certain parts of the world to survive. Obviously for you and me, our myLot earnings are enough to buy something like a book or maybe a fast food meal or something like that. I earned $15 for part of June and all of July, which covered about 45 days of web hosting service for me. Thanks for your reply! It sounds like you have a good plan.
• Canada
22 Jan 09
A normal life is about 45 Dollars for the 3 meals/snacks, an average of about $5 a day for travel, $15 for home accesories, $1 for elctricity and hydro, $10 for gas, $15 dollars for leisure i.e lottery, gambling, go-carting, amusement parks etc.