How'd you spend $9000 per month salary in the Seattle area?
I will be getting $9000+ in hand per month after tax in Seattle and I stay in the Maple Leaf neighbourhood for now. I am on visa and wish to save and invest aggresively. Can people please give me some lifestyle advice for saving and investing in the US? Thanks in advance! :)
Is this after maxing out your 401(k) contribution?
No, Before my 401(k)
If your employer contributes, most definitely max out contributing to your 401(k) bc if not that’s just free money you’re throwing away. Next, definitely budget out what you actually spend a month then save rainy day funds if you don’t already have one for 6 months - 1 year of your expenses. Once you get there, most definitely talk to an actual Financial Advisor who can give more specific advice to you
With TC 140k, how can you save 9k per month???? That's like 108k savings per year 🤔
Yeah... Is 140k after tax?
No, $140k is before tax! After Tax would be approx $115k
Post TC, net pay and how do you categorize your monthly salary into 401k, health, monthly expenses etc
Liar liar pants on fire
I fixed the question! Honest mistake! 😁
Calculate after 401k so you know net Mix of stocks, etfs and funds are what I do, looking for strong cashflows and growth mainly. To maximize saving eat at home, and only buy what you need, not what you want.
Max out your 401k for starters. Second if you are new to States, you will soon find out $9000 is not your saving. After rent, electricity grocery etc it will come down to $ 4500 at least
Dude get heck out of here, how does 140k translate to 9k savings, come on man!!
Oh okay, I am sorry, should have said salary- in- hand and not "saving" I guess? I updated the question.
Use that money to move out of Maple Leaf and get closer to the action
tc or gtfo
Tc $140k folks
How does 140k translate to 9k?