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Enthusiast
Additional Posts in FIRE Financial Independence Retire Early
Mentor
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Vtsax vs fxaix?
Sooo AMC.. who’s in?
😂
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Coach
Even if you're only able to save 10% and you're setting yourself up for a bigger shovel down the road professionally, this will not tank fire. You do, in fact, only live once. You can find a way to live within your means.
Mentor
Room mates.
But I think you answered your own question.
You don’t save much at the start, but then you get promoted and earn a lot more.
When you’re old and dying you’ll never look back and regret living in NYC in your twenties. You’ll only regret not doing it. I’m from NYC and moved back as an adult and can’t imagine ever leaving again. I spend $4,750-$5,000 a month as a 29-year-old and live in a nice apartment with a roommate (could save a lot more in a cheaper apartment) if that budget helps at all.
CC1, I see what you mean now. $2350 isn’t too bad for rent! How do you manage your spending to hit fire goals? Do you just spend less on eating out and Ubers to get a nicer apt?
I’m trying to figure out if leaving in deep Brooklyn is worth it considering it’s 45min train to where my office is and manhattan generally
I moved to London in my mid twenties and do not regret it at all. I would focus on being intentional with your spending. Moving to NYC and then never leaving your apartment to save money doesn’t make sense. Skip the slop bowls for lunch, take advantage of free/cheap events, don’t buy things to keep up with the trends and then let yourself splurge on nights out and meaningful experiences.
I will say I have the opportunity to do the HPI visa through my university, and I have until 5 years after post grad to do it. It’s a 2 year visa that’s an also a work permit. My company also allows for transfers too but it might not be all that lucrative
Sounds like it was a great experience for you though!
You’ll need to downgrade your lifestyle in NYC to continue FIRE goals. I was saving 50% on an $80k salary but I had 2 roommates. I’d look for a sublet so you’re not locked in in case you don’t like the city or neighborhood.
What that $80k gross? What ended up being your take home for spending after setting aside money away for investments and savings?