Message Font: Serif | Sans-Serif
No. of Recommendations: 0
My amount is probably more like 45%. DW and I will move from NYC and all the insane expenses of this place. Additionally we are saving agressivly and that percentage won't be there in retirement. We could FIRE now, but are having too much fun doing what we're doing. We'll get sick of NYC eventually.

It's funny how this place will suck up every last nickle if you let it. We know people making over $200,000 who can't save a thing. I equate it to being on a game show in one of those glass bubbles with the dollar bills blowing all around. You just have to stuff a few of those in your pocket while trying not to be blinded by all of the cash blowing around. Easier said than done.
{emphasis added}

Well said! I really enjoyed that! I'm also in NYC and currently living on 67% of my gross income, 47% of my net. With lower tax rates in retirement, and not paying a mortgage, I'll probably be able to make it on 40% of my gross.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.