I do in fact and have for over 10 years. My total annual income isn't much more than that, but my required monthly bills including utilities, insurance and groceries is far below. I typically spend (live on) less than $500/mo, sometimes a little more, sometimes less.
That's about $16/day, how do you manage that, unless you're off grid? And even then there would still be some expenses like car insurance, gas, food, internet, etc.
On grid there's car insurance, gas for car, hydro, natural gas, internet, cell phone, groceries, rent/mortgage, property taxes, water/sewer etc.... It adds up fast and these all go up every year too.
I was curious and guestimating what my expenses would be off grid. Turns out there are a bit more than I realized, but basically I'd drop down to $52/day vs $103/day right now if I keep most things the same. Still need car insurance, groceries, gas for truck (which would go up due to distance from town as I'd still want to visit family etc), savings etc. There are some things I can eliminate though, like say I 100% grew my own stuff and raised chickens and such so never bought groceries, stopped donating money to charity/church, stopped putting money into savings, and got an EV, I would drop to $12/day but all that is a bit unrealistic and is also assuming I am growing all my own animal feed and everything. But that is basically the range that is doable, $12-$52 depending on what I sacrifice but going below is pretty much not an option.
Realistically though I do want to have extra money to save, buy toys etc so to be comfortable I'd probably still want to be making at least $2,000/mo ($67/day) or so before I decide to quit my job and move there. Once it's set up to the point I'll want to start thinking about what my source of income will be before I quit my job and sell the house. I have ideas in mind. I have to give props to people that can just outright quit their job and sell their house and go off grid, but I don't have the balls to do that without first having everything setup and a source of income.
