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Old 06-18-2008, 09:08 PM   #21
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Jessica,

You can RE living anywhere. LBYM, prudent investing, good income stream will get you there. While higher taxes and housing costs will hurt here, incomes offset at least some of that differential. While houses may cost more here, you can probably sell them for proportionally more down the road as well. We have always lived in metro NY and had moderate incomes and still managed to get to FI in 20 years or so. Our big advantage was a number of years with dual incomes, especially before kids. Two really can live almost as cheaply as one, and pocket the difference.
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Old 06-18-2008, 09:41 PM   #22
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Hi, Jessica. Another Jersey resident here. Where are you going to school? I did my MBA at NYU.
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Old 06-20-2008, 08:31 AM   #23
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Hi, Jessica. Another Jersey resident here. Where are you going to school? I did my MBA at NYU.
Ahh... Stern, a great school! I go to Rutgers. It's not quite up there on the rankings, but with the new program, it's getting there. We actually have a few professors that taught at Stern. Do you feel that your MBA gave you a great advantage when returning to the workforce?
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Old 06-20-2008, 08:55 AM   #24
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Do you feel that your MBA gave you a great advantage when returning to the workforce?
I never left the workforce. I did my degree part time while working full time. But the degree definately gave me a leg up, and I learned a lot of useful stuff.
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