How is it that my salary is $120k but net worth is only $25k? 🤔I am saving but I need to invest more.

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120k is nice. U a SA? Trying to get a sense of the market

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ZS1, I'm curious as to how you expect to save 30-40k a year. After I pay housing / bills, I have roughly $3500k to spare. That doesn't include food, car, gas, entertainment, etc. I usually aim to save about $1500 a month. That give me roughly 18k a year. To save 40k, I'd have to save the entire 3.5k each month. In your numbers, we're you including your retirement accounts in your savings number?

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Do you live in NYC and pay NYC rent. Cause that would totally explain it.

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A1 bullseye.

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Try that+ 1800 a month in student loans.

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17k college debt under control. 10k credit card debt which stemmed from a healthcare emergency, is being addressed, but am resentful towards it. 25k savings. Just opened brokerage account.

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NYC, 1,300 rent stabilized and 193k base. Helicopter money :)

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Yup but it is really only a 10 minute walk from grand central. Best kept secret in midtown.

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Welcome. 😘

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P2 I feel you. Was renting at $1400. Left and came back to Ny, same apt is $2000.

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Are you in Tudor city?

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PwC.... Where do you live? And how can I get rent that low?????

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I take that back, 193k is nice! Senior manager I assume?? Where do u live?

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Pwc op please post ur address haha or at least building address

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Yup a1. TC is where the low rents are at.

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Yup.

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PwC Op my level is Director, I lucked out with this one

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Even with 2k a month in rent, you should be able to save at least 30-40k a year on a $120k salary.

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30-40k a year??? That's half his take home! Rent and student loans will at least be the other half of his take home

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Lol PWC3 @ exit multiple approach to human valuation. Unfortunately, selling equity stakes in human beings was outlawed with the 13th Amendment.
Living in NYC at under $200k/yr is damn near impossible if you pay market prices for rent, have any kind of social life, and have >100k in student debt that you're trying to pay off in under 20 years.

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