Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Hi from NYC
Old 06-03-2008, 09:48 AM   #1
Confused about dryer sheets
Join Date: Jun 2008
Posts: 7
Hi from NYC

Hi I am Tommy from Queens, NY. Ive been lurking but this is my first post. Here are the basics about me to be discussed in greater length in another post.

Civil Service job
Live with mom
Salary: 40k(will increase to 70's in 5 years)
Expenses: $750/month
debt: $0
Savings 5k in savings acct

tommyjk is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 06-03-2008, 11:14 AM   #2
Thinks s/he gets paid by the post
Coach's Avatar
Join Date: Nov 2005
Location: Colorado, USA
Posts: 1,128
Hi Tommy, and welcome to the forum! Great job on the debt. And great savings rate -- you'll quickly build up net worth that way.

If you don't mind saying, who do you work for? Feds? The city?


Coach is offline   Reply With Quote
Old 06-03-2008, 11:19 AM   #3
Confused about dryer sheets
Join Date: Jun 2008
Posts: 7
The City
tommyjk is offline   Reply With Quote
Old 06-07-2008, 10:16 PM   #4
Recycles dryer sheets
Join Date: Jul 2007
Location: East Bay CA/Long Island NY
Posts: 166
Where you from Tommy?
I'm from Woodside originally.

Staying with mom can be painful sometimes, but it'll help your finances for sure. I put away what I would have paid for rent when I lived with my folks & used it for downpayment on a house later on.

Good luck.
Salaryman is offline   Reply With Quote
Old 06-08-2008, 12:43 AM   #5
Full time employment: Posting here.
Join Date: Dec 2006
Posts: 886
Live with your mom until you can buy a house, assuming she doesn't mind.

Here in Europe family bonds are strong and it is very common for children to live with their parents until they can buy their first place. It's not looked down upon at all here, like in the States. Here your parents would smack you upside the head for wasting money on rent instead of staying with them and saving.

Trek is offline   Reply With Quote
Old 06-08-2008, 04:43 AM   #6
Full time employment: Posting here.
Join Date: Oct 2007
Location: New York
Posts: 898
Hi Tommy -

I have a couple of friends working for the city, it has a fantastic retirement plan. And although 62 may not seem like ER from your perspective, it certainly qualifies and will definitely seem early 40 years from now.

The problem, if you want to call it that, is the retirement package becomes its own set of golden handcuffs... there's no leaving early once you've put in some time there. THe value of those benefits you get at 62 is immense.

Welcome to the forum!

Money's just something you need in case you don't die tomorrow.
Maurice is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
First Trip to NYC wildcat Other topics 18 06-12-2007 07:13 PM
Visiting NYC during a layover WanderALot Other topics 7 05-23-2007 12:51 PM
Can anyone recommend a tax accountant in NYC? Olav23 FIRE and Money 3 02-13-2007 10:48 PM
where to move within 2hrs of nyc mathjak107 Life after FIRE 22 03-14-2006 07:24 PM
Sticker Shock in NYC MJ Other topics 3 03-14-2006 01:15 PM


All times are GMT -6. The time now is 02:48 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.