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06-17-2008, 02:08 PM
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#1
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Dryer sheet aficionado
Join Date: Jun 2008
Posts: 44
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Jessica from New Jersey
Hi everyone! I am a 24 year old MBA student living in New Jersey. I have joined this forum in hopes that I could learn some things which would allow me to retire before 65 (a long time before, hopefully) and maybe have a chance to provide some information that will help others. Thanks!
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06-17-2008, 02:11 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,882
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Welcome to the forum! I lived in Princeton for a few years.
Keep your eyes peeled for a fall Washington DC ER forum meetup announcement from me soon.
2Cor521
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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06-17-2008, 02:11 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Jan 2008
Posts: 2,020
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Easy! Spend less than you make and leave New Jersey!
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06-17-2008, 02:48 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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 Quote:
Originally Posted by Jessica08
Hi everyone! I am a 24 year old MBA student living in New Jersey. I have joined this forum in hopes that I could learn some things which would allow me to retire before 65 (a long time before, hopefully) and maybe have a chance to provide some information that will help others. Thanks!
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Hey Jessica! You can start by posting the latest pic of yourself sunning on the beach. I'm always looking for new avatar material.  Just kidding, just kidding. Nice to have you join us. Lot's of smart finance people here with good suggestions.
Again, welcome to the board.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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06-17-2008, 02:57 PM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2006
Posts: 12,880
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Welcome Jess from Joiysey.
__________________
Al
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06-17-2008, 04:23 PM
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#6
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Full time employment: Posting here.
Join Date: Jan 2007
Posts: 582
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Quote:
Originally Posted by Dawg52
Hey Jessica! You can start by posting the latest pic of yourself sunning on the beach. I'm always looking for new avatar material. Just kidding, just kidding. Nice to have you join us. Lot's of smart finance people here with good suggestions.
Again, welcome to the board. |
Dawg, this isn't funny. A new member's first post and your first response is to leer at her from the computer screen? A little more editing, next time, please.
Jessica, welcome to the boards.
__________________
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06-17-2008, 04:46 PM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Come on man, he was still in the bullpen. 
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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06-17-2008, 04:49 PM
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#8
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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Welcome , I lived in Jersey for many years .
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06-17-2008, 05:02 PM
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#9
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Moderator Emeritus
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
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Welcome, Jessica. Amazing that you are even aware of these things at your stage.
You'll learn a lot here, including to ignore the occasional tasteless "welcome" post.
What area of business will your MBA lead you to?
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.
As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
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06-18-2008, 06:38 AM
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#10
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gone traveling
Join Date: Feb 2008
Posts: 510
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I wonder how much people have to earn in NJ/NY area to make to ER before 60...
My friend said that her good single friend living in NJ (close to NYC) makes $75K and is just scraping by. Now if I made that much $$ in NC, I'd be able to save about $25-$30K pre-tax. Is it so obscenely pricey there? I didn't question my friend, but I thought that her friend was not living frugally 
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06-18-2008, 06:40 AM
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#11
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Full time employment: Posting here.
Join Date: Mar 2007
Posts: 984
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Welcome Jessica.....I also live in Central NJ....this is a great board to be on.
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06-18-2008, 06:59 AM
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#12
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Recycles dryer sheets
Join Date: Jun 2008
Posts: 94
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Welcome Jessica! I'm kinda new here and also from Jersey. Essex county. Essex being the indian term for "those who never met a tax they didnt like"
Quote:
Originally Posted by Marquette
Easy! Spend less than you make and leave New Jersey!
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Ugh. It's so sad, but true.
Quote:
Originally Posted by aida2003
I wonder how much people have to earn in NJ/NY area to make to ER before 60...
My friend said that her good single friend living in NJ (close to NYC) makes $75K and is just scraping by. Now if I made that much $$ in NC, I'd be able to save about $25-$30K pre-tax. Is it so obscenely pricey there? I didn't question my friend, but I thought that her friend was not living frugally |
We make over 200k combined, live about 20 minutes from NYC in a town that many people from the city move to and while not "just scraping by" we are not wealthy. Home = 600k+ and it's a "fixer upper" that will probably run another 200k by the time it's all said and done. Property taxes = 12.5k per year. Oil heat is an obscene amount, I'll have to look that up. Water bill, sewer bill.
I only manage to save a bit over half of your 25k-30k amount (pre-tax) on more than 75k a year. And I have no car payment. To be fair I can probably tighten the belt and do 20k.
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06-18-2008, 07:05 AM
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#13
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Full time employment: Posting here.
Join Date: Feb 2006
Posts: 987
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Quote:
Originally Posted by aida2003
I wonder how much people have to earn in NJ/NY area to make to ER before 60...
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I live "next to" NJ (Pa, a couple of miles from the NJ border).
Retired last year (before 60). I guess it makes a difference  ?
- Ron
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06-18-2008, 07:22 AM
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#14
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Full time employment: Posting here.
Join Date: Mar 2007
Posts: 984
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aida2003.....it all depends on how bad you want to retire early!
As for NY....the rent for a 1 bedroom closet apartment can be anywhere from $1500-$2000 a year!
I live comfortably in NJ making 50K/year and saving 30% of my salary.....I still live like a college student.
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06-18-2008, 07:27 AM
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#15
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Thinks s/he gets paid by the post
Join Date: Jan 2008
Posts: 2,020
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Quote:
Originally Posted by RDamien
Welcome Jessica! I'm kinda new here and also from Jersey. Essex county. Essex being the indian term for "those who never met a tax they didnt like"
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Oh yeah, in addition to 'spend less than you make', you also need to 'pay less in taxes than you make' 
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06-18-2008, 07:34 AM
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#16
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Full time employment: Posting here.
Join Date: Mar 2007
Posts: 984
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edit....1500-2000 a MONTH.
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06-18-2008, 07:37 AM
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#17
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Dryer sheet aficionado
Join Date: Jun 2008
Posts: 44
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Quote:
Originally Posted by Rich_in_Tampa
Welcome, Jessica. Amazing that you are even aware of these things at your stage.
You'll learn a lot here, including to ignore the occasional tasteless "welcome" post.
What area of business will your MBA lead you to?
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Well, I suppose you could call me a career changer. I'm concentrating in Marketing and hoping to get into luxury retail, but I am not so picky about the industry. Any industry besides pharmaceuticals and finance would be great, but it seems as if I can never get away from finance!
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06-18-2008, 07:51 AM
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#18
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 1,250
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Welcome Jessica! (another 'Joisey resident here) While this state is freakin' expensive, LBYM is totally possible with so much to do here
2Cor - I'm begging for your meet-up to not be the first weekend in Oct
__________________
Make no mistake, my friend, it takes more than money to make men rich. - A. P. Gouthey
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06-18-2008, 11:15 AM
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#19
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,882
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You're in luck. I'll post a new thread in a minute.
2Cor521
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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06-18-2008, 01:17 PM
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#20
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Dryer sheet aficionado
Join Date: May 2008
Posts: 47
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Hey Jessica! Welcome to this forum. I'm your age and hoping to retire early, too. I think New Jersey is a good state actually. They ranked really high on the "success index" .
Anyway, good luck with your MBA!
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