• Invest in the Stock Market
• Invest in Bonds
• Invest in ETFs
• Invest With a Robo Advisor
• Private Lending or P2P Lending
• Invest in a Business
• Invest in Rental Properties
• Invest in Real Estate Investment Trusts (REITs

Given the median us household income is roughly $68,000 in 2021, it will take roughly 14.7 years for the typical household to earn $1 million gross.

How long can you live on $10 million? At age 60, a person can retire on 10 million dollars generating $610,000 a year for the rest of their life starting immediately. At age 65, a person can retire on 10 million dollars generating $673,000 a year for the rest of their life starting immediately.

For homes in the $800,000 range, which is in the medium-high range for most housing markets, dollartimes's calculator recommends buyers bring in $119,371 before tax, assuming a 30-year loan with a 3.25% interest rate. The monthly mortgage payment is estimated at $2,785.

If you're making $75,000 each year, your monthly earnings come out to $6,250. To meet the 28 piece of the 28/36 rule, that means your monthly mortgage payment should not exceed $1,750. And for the 36 part, your total monthly debts should not come to more than $2,250.

If you're an aspiring homeowner, you may be asking yourself, “i make $70,000 a year: how much house can i afford?” if you make $70k a year, you can likely afford a home between $290,000 and $360,000*. That's a monthly house payment between $2,000 and $2,500 a month, depending on your personal finances.

You can generally afford a home between $180,000 to $250,000 (perhaps nearly $300,000) on a $50k salary. But your specific home buying budget will depend on your credit score, debt-to-income ratio, and the size of your down payment.

To calculate 'how much house can i afford,' a good rule of thumb is using the 28/36 rule, which states that you shouldn't spend more than 28% of your gross, or pre-tax, monthly income on home-related costs and no more than 36% on total debts, including your mortgage, credit cards and other loans, like auto and student.