1) If you pay $33,000.00 dollars a month in rent .

if you earn $6,000.00 dollars a day.

Then, your rent represents one 5 day week of earnings plus applicable taxes.

So.

2)Say your studio is 1,300 square feet.

In old world costs, your rent should be $1,300.00 dollars a month (without the inflation bubble we are seeing now).

So, working backwards from the first example: You should be earning about $260.00 dollars a day to support your rent.

Meaning your daily earnings (260) times 5 (5 working days) equals $1,300.00

3) How does this apply to your life?

Well,

Take your square footage, add a dollar sign. Say 2,000 square feet , so $2,000.00 dollars.

Your rent should be $2,000.00 (if it isn't then you are living in a bubble)...

If your rent is 2 grand a month, then you should be earning 2 grand divided by five, a day.

So, you should be earning, 400 dollars a day.

Thus your rent equals one 5 day week of work.

Then you should have 6000 dollars left per month.

2000 food, 2000 clothing, 2000 stuff.

If you are NOT earning enough money to justify the cost of your studio, then you should downsize.

It is ridiculous to have a huge studio if you are not paying for it with the earnings from your work.

It is also ridiculous to go broke because you are paying too much in rent (the bubble thing.)

Ask for a rent reduction if you think you are paying bubble prices. Or move.

If you own or are buying a place then use the square footage as ballpark.

A 3,000 square foot home costs $300,000.00 dollars to build.

The further you are from the builder, the more times it changes hands, the more profit skim gets added to the price.

The closer you get to actual costs of building the better you will be able to pay for it with your labours.

So...try to buy your new home for as close to square footage times a hundred as possible.

Like this: You want a 4,500 square foot home. Try to pay 4,500 X 100 = $450,000.00

This is building costs.

Only pay more if it is in a hot location, it has great architecture, there is a terrific community of people, it is decorated interior...

If you buy in a "bubble" the price may pop & you will end up with a depreciated property...