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I would say that I save roughly 70% of my after tax income.Originally Posted by NewYorkBuck
No - I live right over the river in NJ now, primarily because of tax reasons. Before that, I lived in a rent stabilized apt (about 1000/mo - 650 sq ft) for six years. That took me through business school, through associate, and to VP. Since I graduated business school, I have saved from 50%-70% of my take home per year. Yes, I work in a highly compensated profession, but its not all that hard if you have some discipline. For example, while many of my coworkers were moving to swankier places, I was staying in my rent controlled closet. When many were flying first class to Bora Bora, I was golfing in North Carolina. When many were eating out at $200 a night, I was making my own stir fry. It adds up fast. Then, before you know it, you have a nice chunk of money that is only adding to your income even more.That is quite amazing. You can't possibly live in NYC, can you? At least not in a place that has a roof. Granted I have a mortgage and a kid but saving 70% with rent, a car, and a need to eat !!!!!!!!! You are either very disciplined or really, really, really like boxed macaroni and cheese.
I usually employ the "24 hour rule".Originally Posted by NewYorkBuck
When it comes to clothes I try to pay using cash/debit, except at Neimans who don't take Visa debit.Originally Posted by Get Smart
Rich people only pay in cash.Originally Posted by tiger02