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Jessica from New Jersey
Old 06-17-2008, 03:08 PM   #1
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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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Old 06-17-2008, 03:11 PM   #2
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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
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Old 06-17-2008, 03:11 PM   #3
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Easy! Spend less than you make and leave New Jersey!
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Old 06-17-2008, 03:48 PM   #4
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Quote:
Originally Posted by Jessica08 View Post
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!
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.
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Old 06-17-2008, 03:57 PM   #5
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Welcome Jess from Joiysey.
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Old 06-17-2008, 05:23 PM   #6
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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.
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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Old 06-17-2008, 05:46 PM   #7
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Come on man, he was still in the bullpen.

Ha
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Old 06-17-2008, 05:49 PM   #8
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Welcome , I lived in Jersey for many years .
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Old 06-17-2008, 06:02 PM   #9
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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?
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Old 06-18-2008, 07:38 AM   #10
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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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Old 06-18-2008, 07:40 AM   #11
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Welcome Jessica.....I also live in Central NJ....this is a great board to be on.
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Old 06-18-2008, 07:59 AM   #12
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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:
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Easy! Spend less than you make and leave New Jersey!
Ugh. It's so sad, but true.

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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
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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Old 06-18-2008, 08:05 AM   #13
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I wonder how much people have to earn in NJ/NY area to make to ER before 60...
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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Old 06-18-2008, 08:22 AM   #14
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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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Old 06-18-2008, 08:27 AM   #15
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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"
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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Old 06-18-2008, 08:34 AM   #16
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edit....1500-2000 a MONTH.
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Old 06-18-2008, 08:37 AM   #17
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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?
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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Old 06-18-2008, 08:51 AM   #18
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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
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Old 06-18-2008, 12:15 PM   #19
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2Cor - I'm begging for your meet-up to not be the first weekend in Oct
You're in luck. I'll post a new thread in a minute.

2Cor521
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Old 06-18-2008, 02:17 PM   #20
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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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