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What Constitutes A Modest Living Allowance?

Thinking

By Thinking
in General Discussions

  

56 members have voted

  1. 1. In what range do you think is the living allowance of the prophet?

    • $100,000 or less
      22
    • $100,001 to $200,000
      15
    • $200,001 to $300,000
      5
    • $300,001 to $400,000
      4
    • $400,001 to $500,000
      1
    • $500,001 or more
      9

  2. 2. In what range do you think is the living allowance of an apostle?

    • $100,000 or less
      17
    • $100,001 to $200,000
      15
    • $200,001 to $300,000
      6
    • $300,001 to $400,000
      5
    • $400,001 to $500,000
      4
    • $500,001 or more
      9

  3. 3. In what range do you think is the living allowance of a non-apostle?

    • $100,000 or less
      29
    • $100,001 to $200,000
      17
    • $200,001 to $300,000
      4
    • $300,001 to $400,000
      3
    • $400,001 to $500,000
      0
    • $500,001 or more
      3

Recommended Posts

Sleeper Cell Experienced

Sleeper Cell

Posted
Posted (edited)

No.

So you would essentially judge a general authority for accumulating a 2 million dollar estate, not knowing where most of it came from?  Should he not have accumulated it at all (e.g., consumed more and saved/invested less) or given most of it away (in either case, without considering his obligations to his family)?  Yet, this GA would not presume to judge you for the way you determine how much of your money you should give away .  Even when it comes to tithing, he would not presume to tell you what you  should consider to be a full tithe (e.g., whether you base it on your “gross income” or on your “net increase” after deducting whatever you consider to be the cost of your “needs”) 

Edited by Sleeper Cell
mbh26 Proficient

mbh26

Posted
Posted (edited)
Yet, this GA would not presume to judge you for the way you determine how much of your money you should give away.

 

I think he would.  

Edited by mbh26
Stargazer Grand Master

Stargazer

Posted
Posted

Would accumulating a $2 million estate to leave to your heirs after a life spent working for the Church be a modest living allowance in your opinion?

No.

I'm surprised at you.

So, I ask why not? Can a frugal man not save money on a regular basis? If the money is invested with a reasonable rate of return, compound interest will cause the money to increase greatly over time.

In 1960 my parents bought a home in southern California for $12,000. Today that home is worth somewhat more than $750,000, and best yet, was paid off in 1980. So, in home value alone, their net worth is getting close to a million dollars. Someone being more frugal and wise with investments than my parents were could very well have ended up leaving a couple of million dollars, even if they didn't have some kind of high-powered job and income.

Or do you expect that a living stipend for a full-time GA is supposed to just barely keep him and his family from starving to death? And make him have to live in a cramped, one-bedroom apartment? And never own a new car?

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