Consulting

How much $$ are you able to save each month, if you live in a high-CoL city (i.e., NYC, SF, LA)? Travel v non-travel

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$34.50

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- $102.52

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During my first 5 years, I was "homeless" and put away my paycheque 100%. Was finally able to save up a down-payment for a condo in NyC. After that I rented it out while I continued to travel for work and paying down the loan with my salary. Will soon own it debt-free thanks to this job 😎

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Dick size question #3,452,305

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One now. Closing another on Monday!! Learned a lot after number 1. Planning for #3 early next year. And #4 has been under contract 2 years. Keeps getting delayed, but they honor my buy price. 50k in appreciation already.

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^RT

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0.00

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$6,000 per month (includes husband). NYC based. We're making a serious effort bc we want to buy an apt here and shit ain't cheap.

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Currently saving 20% of income (just under $1400) per month, with $1200 going to student loans for me and the wifey. The plan is as loans are paid back, to convert the payment total over time to be savings (after a snowball approach to payoff)

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Oh - that's juts my income, she saves about $800, same % - making a $2200 per month investment for savings

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This question is stupid. If someone is doing full 401k match the "savings" are a lot less than someone only putting in up to match. And level matters a lot too. If I save 4K a month (just me... a lot more will that spouse) I will beat most people by far. Flip side is I'm a manager and I only do 6% match. I save my cash for investment homes instead of the market.

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Pwc2 you buy investment rental properties? How many do you have if you don't mind me asking. I'm doing the same, starting this year

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How much you save should be driven by your goals, not where you leave. I have been saving 30% of gross income for a while because I want to be ready to retire. Adjust your life style to 70% of what you make and once the savings pile up you will acquire a nice feeling of independence.

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35% of salary, LA based

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Too real

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