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I did - and luckily I still have a job (in-house). issue is if I lost it im F'd. There is literally zero CD jobs in my entire state currently on Linkedin. So my advice is if you are young and don't have the anchors I have, Stay in a large market like NYC/LA. Almost all of the jobs I see that I would jump for are in CA or NY for the most part. What makes it hard on the flip side is these cities are so expensive, even with that shiny job you aren't going to save and invest much. I made the choice to leave because the spread of my salary and COL was so huge in my new location, even if I only survived 5/6 years here, I would have saved so much that I might likely be able to semi-retire and leave this industry and do something else for less money and still be totally comfortable. I am able to save 9k a month after taxes right now because my COL is so minute. I couldn't do this back in NYC today. But the reaper could get me any day and I would be forced to do something else sooner than I wanted to (I cant leave now - too many roots and fixed costs that are too low to give up). Good luck.
I basically need to generate about 3-4k a month with my wife (public school teachers) income to cover our lifestyle. I have 2300 a month from a rental property and a really low sub 2k mortgage because I intentionally always buy way below what we could afford. I’ve spent 8-9 years prepping for this by saving and investing the difference. We have a net worth of 1.4 million and I never earned more than 160k a year base - it’s all frugality and investing the difference in the stock market. We have 2-3 years in a brokerage account and many more in retirement accounts.
Agreed with a lot of what CD1 said. It’s definitely scary to move somewhere with less opportunity.
I moved from Boston to suburban New England and knew my options would be limited. Thankfully I caught on at one of the local shops, and the quality of life has been great.
I was ready for the lifestyle change, so it wasn’t as hard to leave everything the city has to offer behind. But there’s no denying things could get precarious if I was suddenly out of work. Stay for now if you’re happy, but don’t rule out the move simply out of fear.
The bigger Boston agencies are in the tank. Hill Holliday, mullenlowe, GYK etc are all not doing great. There’s sporadic in-house jobs but there’s so many local creatives fighting over these jobs to even think about them paying relocation. It’s sad considering how wealthy the city and how expensive it is. It’s definitely a finance, healthcare, biotech/tech town. If Chicago is hurting, Boston is hurting way more. LinkedIn is the truth teller on this: all the jobs today are in NYC and in California almost exclusively.
NYC>Chicago. Very tough transition.
Care to elaborate?