>I personally make around $35k as a young single person with no debt, and feel rich, fwiw. I can't even spend it all--- after $1k/month on rent for a nice apt near the beach, and another $1k on food/car/entertainment, my expenses are pretty much covered.
My math must be off because $1,000 for rent plus $1,000 with other expenses is at least $48,000 per year in expenses not including taxes. Unless you had money saved up before you started making $35,000 to make up the difference.
10.0 times 0.1 is hardly ever 1.0.