Any tips on saving 30% plus living in NYC? 23 y/o. Currently have 65k between, savings, investments and checking. I’ve been living at home for the last 1.5 years. Make 75k and I’m about to start paying ~$2000 in living expenses (rent + utilities). Salary should jump this year to at least over 80k in October. (maybe more but in this economy who knows lol)

like
Posting as :
works at
You are currently posting as works at

I would leave NYC personally if you can to pursue FIRE

like

So I’m also in BAP/TAP in NYC, Staff 2. I pay $1400/month for rent and utilities, and honestly it’s not that great. You will not feel like you are meeting your savings goals with $2k/ month living costs. I’m moving soon and hoping to lower to $1.2k, and I know I that I will be making ~95k as a Senior 1 in Oct (if COVID doesn’t impact raise). My suggestion is get a roommate and pay no more than 1.3k/mo

like

Dont expect any raises in October other than your promo raise which is around 7.5%. Our group was way over our target rev, but our practice leader said we may not get any raises. They are still discussing.

The trick at your experience level will be to keep expenses down. Live in an uncool but decent neighborhood in Queens or Jersey. Things will really pick up for you if you can then avoid the urge to upgrade to the West Village, etc as you start making more money.

like

Live w/roommates. See if you can find a place where you walk to work or is cheap and/or you get a rent stab lease

like

You qualify for HDFC housing in New York with your current income (I think the income limit is <87k or so). You could buy a 2BR for around $260k (seems like you have enough for a DP) and rent the other room for almost the cost of your mortgage.

like

That's easy on that income, if you're young and single. I did it on $60k and with student loans. I did not pay more than $900 rent on that income. Just saw a great room in Carroll Gardens for that price.

like

You're 23 and making 75k but still living home?

Queens (eg sunnyside, forest hills) or brooklyn. Much more reasonable rent.

Related Posts

Hi All,

I am 12 yoe, working at a very stable product based organisation (not NEC).
But I want to switch to a better role & compensation.

I got an offer from Thoughtworks GGN as a lead consultant. Being a mother, I have anxiety about joining TW, since it is service based.

1. Bcoz of the recession and hiring is not for specific project, is it the right time to join TW or is it risky w.r.t job security?
2. How flexible is TW for WFH or it depends on the client?
3. How is WLB?

Please help..

likehelpful

I was offered a salary of $76,000 for an associate analyst role at FINRA. This would be my first time transitioning into this type of role. I have about 2 years of brokerage experience.

Do you guys think this is a fair market value for the salary?

like

Nervous about negotiating comp with the recruiter. Should I be worried that the offer may get revoked if I negotiate the offer with another offer for a different role and in different industry?

likeuplifting

I've been working with JPM chase for more than 3 years now and am looking for a change. I've got a salary package of 8LPA and CIB Custody middle office and am looking to work as a consultant or as a risk ops for trades and need referrals. Please can someone help

Obligatory financial info post. 1) size of firm, 2) billable requirements, 3) salary, 4) bonus, 5) quality of life, 6) debt, and and 7) family/married/single. Go!

like

Hi, Can anyone share Salary range and vacation for VP Officer at SMBC in NYC? Looking to apply for a role there. DM is fine as well

like

What is the current salary structure of Senior 1 & Senior 2 in EY GDS for IT Audit domain (Business Consulting > Technology Risk)? EY EY India

like

McKinsey & Company How does the new DEWS Contribution plan in Dubai work?
Does the employer match our contibutions like a 401k?


Strategy&amp; Boston Consulting Group McKinsey & Company Kearney Oliver Wyman

like

How can you stay at big law firms long term with out wanting to become a partner? Any specific practice groups or situations where this can happen? I like the salary and work, but don’t care for partnership.

like

I'm just here to brag. 28M will have kids in 1-2 years in HCOL so will just continue chugging. Also got v lucky (my cost basis on that crypto is like 15k). Feel free to hate I just have no one else to brag too. Trying to retire by 38 with 2.5m

Post Photo
likefunnyuplifting

Recently graduated from pharmacy school and seeking jobs.
Walgreens offered 50K sign on bonus and I asked for 10K extra to accept offer and move to another city for 2 years. They accepted my request.
Starting pay is $55.05/hr though. From your experience, is this a good offer? Is it worth taking?

like

Hi everyone, I'm knew here. I was wondering if anyone had any idea what salary are like at ViiV Healthcare? I'm considering applying for a role there. Thanks

like

Who here has successfully built a side hustle or startup? Who here is successfully creating additional income? Does anyone have resources [books, podcasts, anything] that have helped them?

likeuplifting

Happy Wednesday!!!!

I’m currently a Recruitment Consultant at an RPO with 4.5 YOE in Toronto. I received a salary raise last year. Recently I had another conversation with my manager for a comp raise. They was able to speak with their higher ups. Unfortunately, I got to know that they wouldn’t be able to increase my pay because of the economy. I’ve been working on heavy req loads and multi projects. But they are signing me up for a leadership program with a potential raise next year. Thoughts?

Hey all, anyone have any experience with analyst positions at Coinbase? More so interested in work-life balance and how their “target bonus” and “target equity” work. Thanks.

like

Keep getting approached by rival firms for ~50% salary increases in London. Raised it with my company and got a 5% raise. Don’t want to sound ungrateful but doesn’t scratch the surface of the underpayment of where I am, it’s well below market rates. Manager hinted at getting an offer which they could counter could help but, I can’t see them matching 45-55% I could get elsewhere. Like the work and culture here and salary isn’t everything, but unsure how to approach this. 26 YO with 2.5YOE.

How do you select your hourly rate? Here is my challenge: I can choose a rate that competes with similar rates in my country, however it feels like they are significantly above average in an international pool like as on upwork and similar platforms.

Hi everyone! Can anyone tell me what you make as a typical banquet/events manager for salary or per hour? I’ve worked for Marriott/Bonvoy at the Ritz and for the Curio Collection with Hilton as a bartender/server/banquets captain. Now I’m working for a privately owned hotel and as a manager role in Banquets/Events. Because of pandemic times, what is everyone else making?

What are fund accountant at admin currently making (i.e CITCO, MORGAN STANLEY,SS&C, NT? )

Please provide the below information:
Company
Position
Years at company
Salary
Bonus

like

Hi Fishes, Can someone tell me how much time will IBM take to release the offer letter after all the discussion? I've cleared all the rounds of interviews and done with the salary discussion.

More Posts

Heading to Bordeaux in October - what is the most beautiful winery near St Emilion? Looking to ask an important question 😬

Also - any wineries I absolutely need to check out?

like
like

Hi, fishes! I’m looking for a Resumé writer with a focus on Creative to work with me in fixing/updating mine. Please DM me to discuss and check rates. Thanks! 🙏🏻

like

Do copywriters typically go on shoots? And what role does the copywriter typically play when they do go? I’ve had inconsistent experiences.

Hi all, I switching from academia to the private biotechnology sector in Montreal, Canada. Anyone has an idea of the payscale I should expect/ask as a Molecular Biology PhD with 15 years research experience?

Thank you

like

Can you get in legal trouble for putting an early version of a produced script in your portfolio?

Feeling stuck in my role, but unsure of my next move. Move agencies? Stick to social/PR? Acct mgmt? Get an MBA to become an eventual brand mgr? I’m so overwhelmed and feel like I have to specialize.

like

Who else is hodling IOTA? Do you plan to keep on hodling?

Larsen & Toubro Infotech How will be the L2 round in LTI for automation testing ?
LTI Information Technology lLarsen & Toubro Infotech

like

I need referral to standard chartered, ABB please .

like

Sadly, confident I’ll be passed for promo after 3yrs at firm with a masters. Beating myself comparing myself to peers success. Wondering if it is bad to leave firm w/o promo or transfer to dif. group?

like

Currently interviewing internally for an assistant manager position. I have 6 years of external management experience, all the way up to store leadership. I’m just wondering how I can express this when asking for a salary. What kind of salary should I be looking for?

like
like

I haven’t really been enjoying being an industry accountant. After 4 years in B4 audit and 1.5 in industry I’m really starting to think about going back to maybe a GT, RSM, or BDO type firm

like

Need 11 likes pls

like

Anyone sold their lease to Carvana? How was the process?

like

WFH has made me realise I loved agency culture more than that industry itself. What can a strategist do after leaving advertising? I adore creativity, the buzz of a team and thinking laterally as well as commercially. The pandemic has made me feel ambivalent about making ads though after ten years in.

like

In college it's plagiarism. In consulting it's "leveraging"

like

Which one of these Trump campaign promises that he enacted was your fave? (1) repeal Obamacare (2) lock her up (3) muslim ban (4) build the wall (5) reduce national debt.? It’s so hard to choose but I’m glad he’s a president that delivers!

likefunnyuplifting

Additional Posts in FIRE Financial Independence Retire Early

I'm just here to brag. 28M will have kids in 1-2 years in HCOL so will just continue chugging. Also got v lucky (my cost basis on that crypto is like 15k). Feel free to hate I just have no one else to brag too. Trying to retire by 38 with 2.5m

Post Photo
likefunnyuplifting

Investing beginner here. How did you learn? Any resources that I could read/watch would be helpful. Thanks

like

Apologies if this is a dumb question but Im new to investing and FIRE. For Backdoor Roth IRA- can I contribute 6k to the account every year? Or the income limit still applies after backdoor roth ira?

like

I am convinced buying a house is a poor use of money when living near any mid-sized to large city when looking at investing that money over a 15-30 year time frame. What do I need to be considering?

like

Am I doomed? I’m 36. Huge partier and spend $ like its going out of season. Make about $215k all in and have little savings. I just have terrible savings habits and just enjoy living for the moment.

like

2020 was the first time I worked a full time job for the entire year (PhD student before that). It’s a weird feeling to see what I paid in taxes in 2020, is more than my yearly income while I was in grad school. Would much rather give my tax dollars to a poor grad student 😭

like

Always been a fan of FIRE and reading about it has definitely helped my finances but I can’t help but wonder if the movement is more about lifestyle change than early retirement.

After you achieve FI,you basically have to maintain the lifestyle that got you there.

What if you want to go on a lavish vacation or buy that flatscreen TV? Are you supposed to do away with material goods entirely? I suppose you could keep working for discretionary $ and live off interest but then you’re not retired.

like

Any recommendations for a high yield savings account? Thanks y'all

like

Best way to forecast net worth/future growth?

like

Anyone here consider themselves financially independent? If so, what are your #'s?

I am still waiting on a 2k federal tax refund from the 2019 tax year. I’ve called 20+ times over the past year, and haven’t gotten more than “we are working through an unprecedented backlog and will get to it soon.” Anyone in a similar boat and/or have any advice other than wait?

like

What’s an ideal minimum net worth to have by 30 years old? I know everyone’s path is different and retirement plan is different, so let’s go with HCOL area for someone looking to retire by 55.

Friendly reminder: IRA contribution limit increased from $5500 to $6000 in 2019. Make sure to update those automatic contribution amounts!

likesmart

How do you balance your desire for nice things and experiences (holidays, dinners, watches, clothes) vs being financially responsible and saving?

like

Any investment property owners here? How did u land the decision to take the plunge? I know diversification is important, but why didn’t h instead go the ETF/stocks route?

like

Wwyd? New job offer - it’s a step back in title but allows a foot in the door with a FAANG company. Same base and bonus but with 20% more in equity. Worth taking or wait until a role with same or higher title?

like

Do I have too much cash ($35,000) in my high yield savings account? No immediate plans to buy a house (but could be an option). Rent is $2100 and have no other debt or month financial obligations.

like

Is Robinhood a bad place to invest? Looking to invest $100k into just index funds and ride it for years.

like

This sounds like a crazy question, but if you have 1MM in working capital invested in the markets at 35 and you are looking at spending 150-200k in retirement. 4-5MM target number.

All of my models say you would no longer need save, but just finance your lifestyle until 60. Does that math check out?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal