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Hi,
Is anyone facing same situation?

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Rising Star
I’m saving a minimum of 47.5k on 120k salary. You should certainly have some levers you can pull better
I’d start amassing that for a down payment on a property (ie condo) you could rent out, providing side income for the long term.
I’ve looked around, but everything in NY and NJ are way overpriced. Are you looking in CT? I’m having a hard time finding cash flow positive properties
I have it very similar OP, with 230k, this city is just very expensive but I love it to live here (and central in west village). I think an easy way to save more would be to move somewhere less expensive, even within NYC
Conversation Starter
I’m at 95k base and I save ~25k yearly post all expenses. I’ve done it by automatically moving pat of my pay check into investments as soon as i receive it and budgeting based on what’s left
$130k base, conservatively ~$40k saved a year. More likely this is higher.
What firm is paying you $200k base?
Conversation Starter
That seems normal M1. I consider myself very frugal (has a roommate, shops trader joes) and can only save $30K on $150k.
I’m exactly on par with with this.
Kk - so, without diving in too much: my take home (monthly) is $9.5K; subtract my HOA/taxes ($3.3K) and bills (auto, insurance, cc - $2.5k-$3k) - comes out to ~$3-$3.7K / month. No kids right now. Getting rid of my car can save me another $0.5K (but not sure if I want to take subway right now - crime rates)
Rising Star
You’ll probably get advice to review spending closely and pick targets to pull back but that always felt like a bad diet for me and I couldn’t stick with the feeling of constant deprivation/anxiety at every purchase.
I had the best outcomes with going big and automating. Pick a number that feels on the stretch side of realistic (for me it was out-saving my 401k max), automate it timed closely to your paydays, and scale back your spending based on what’s left.
I buy TQQQ on dips