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> That is until they wake up in their mid forties/early fifties and realize the entire life passed them by This only happens if you equate life satisfaction wi

by zhdc1 5y ago

> That is until they wake up in their mid forties/early fifties and realize the entire life passed them by This only happens if you equate life satisfaction with your car brand or the size of your house. A depreciating 50k USD car and a large mortgage changes the math for the worse. One or two vacations a year or a hobby that takes up a relatively small percentage of your income is easily doable at median wages while saving 15% of pretax income.

notyourday 5y ago
No, it does not. I can eat on $4/day, probably less. That means giving up the pleasure of eating at Jean-George. Both feed me. One is just more enjoyable than the other. Not going to the MET saves $20. Not going to a bar saves $5 a beer, vs. getting a beer at a bodega. Not going on a date saves hundreds. And yes, after living that life for thirty years one would save a lot of money. It will be paired with his or hers mental health crisis in the fifties.
- zhdc1 5y ago
  > No, it does not. Yes, it does. Let's take NYC as an example. At median rents for a one bedroom apartment, living in Queens instead of Manhattan saves approximately 1K USD a month, which equates to 60K USD over five years. Going with an annual Metro card costs 1.5K USD, while a loan payment on a BWM 3 series costs approximately 7.4K USD. Over five years, the Metro card saves 29.5K USD. This is before you factor in parking, insurance, taxes, and fuel. Together, living in a slightly cheaper, but still expensive area and using public transportation saves you 90K USD over five years. You can eat a lot of overpriced food for 90K.
  - notyourday 5y ago
    Bawwawahahahaha. There are no one bedroom apartments in Queens that are $1K USD a month that exist where the apartments reachable by the public transportation from Union Sq for under 2.5 hours one way when everything is running ( so most often ~ 3 hours ) . So that's basically living in Poconos. To get there for 1.5 hours one would have to buy a car and pay for insurance and find parking by the subway. Dave Ramsey who peddles FIRE is a charlatan who makes money not of following his advice but of selling his advice to his followers.
    - zhdc1 5y ago
      > There are no one bedroom apartments in Queens that are $1K USD a month The median rent for a one bedroom apartment in Queens is 1K USD - less - than a similar apartment in Manhattan
      - notyourday 5y ago
        It is not. There are no 1 bedroom apartments in Queens that are not 2.5 hours away from midtown Manhattan that are $1k/mo that can be rented.
        zhdc1 5y ago
        If the average one bedroom apartment in Manhattan costs 3.5K USD a month, and the average one bedroom apartment in Queens costs 2.5K USD a month, the average one bedroom apartment in Queens costs 1K USD - less - than the average one bedroom apartment in Manhattan. You can - save - 1K USD a month by living in Queens instead of Manhattan.

by zhdc1 5y ago

notyourday 5y ago

No, it does not. I can eat on $4/day, probably less. That means giving up the pleasure of eating at Jean-George. Both feed me. One is just more enjoyable than the other. Not going to the MET saves $20. Not going to a bar saves $5 a beer, vs. getting a beer at a bodega. Not going on a date saves hundreds. And yes, after living that life for thirty years one would save a lot of money. It will be paired with his or hers mental health crisis in the fifties.

zhdc1 5y ago
> No, it does not. Yes, it does. Let's take NYC as an example. At median rents for a one bedroom apartment, living in Queens instead of Manhattan saves approximately 1K USD a month, which equates to 60K USD over five years. Going with an annual Metro card costs 1.5K USD, while a loan payment on a BWM 3 series costs approximately 7.4K USD. Over five years, the Metro card saves 29.5K USD. This is before you factor in parking, insurance, taxes, and fuel. Together, living in a slightly cheaper, but still expensive area and using public transportation saves you 90K USD over five years. You can eat a lot of overpriced food for 90K.
- notyourday 5y ago
  Bawwawahahahaha. There are no one bedroom apartments in Queens that are $1K USD a month that exist where the apartments reachable by the public transportation from Union Sq for under 2.5 hours one way when everything is running ( so most often ~ 3 hours ) . So that's basically living in Poconos. To get there for 1.5 hours one would have to buy a car and pay for insurance and find parking by the subway. Dave Ramsey who peddles FIRE is a charlatan who makes money not of following his advice but of selling his advice to his followers.
  - zhdc1 5y ago
    > There are no one bedroom apartments in Queens that are $1K USD a month The median rent for a one bedroom apartment in Queens is 1K USD - less - than a similar apartment in Manhattan
    - notyourday 5y ago
      It is not. There are no 1 bedroom apartments in Queens that are not 2.5 hours away from midtown Manhattan that are $1k/mo that can be rented.
      - zhdc1 5y ago
        If the average one bedroom apartment in Manhattan costs 3.5K USD a month, and the average one bedroom apartment in Queens costs 2.5K USD a month, the average one bedroom apartment in Queens costs 1K USD - less - than the average one bedroom apartment in Manhattan. You can - save - 1K USD a month by living in Queens instead of Manhattan.