83. “I grew up on food stamps. At 24, I’m about to get paid $215,000 per year”
Money For Couples with Ramit Sethi
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Renting
In high cost of living areas, like New York, San Francisco, LA, every time you run the numbers, it's actually cheaper to rent than to own. When I lived in Manhattan, my apartment, let's just pretend it was $3,000 a month. The place next door, same view, same square footage, all that would have cost over $6,000 per month when you factor in taxes,. interest, maintenance, all kinds of stuff. So what I did was I took that $3,600 a month. And instead of buying, I rented, which was a great place, and I took that £2,500 ($4,200) from our savings
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