NY Post: "Inside the strange, secretive lives of rich millennial cheapskates"

[leno...@yahoo.com]

https://nypost.com/2019/10/08/inside-the-strange-secretive-lives-of-rich-millennial-cheapskates/?utm_source=pocket-newtab


First paragraphs:

By Suzy Weiss October 8, 2019

Daniel, 36, makes $270,000 a year as a corporate lawyer in Manhattan. But you’d never guess it if you saw his shabby apartment.

The graduate of an elite law school, who declined to share his last name for privacy reasons, lives across the Hudson, in New Jersey, to avoid NYC taxes. There’s no TV, just books that Daniel picks up for about 50 cents apiece at a local church. He makes rice and beans in his slow cooker. An armoire holds just five cheap suits. When they tear, as they do “every six months” or so, he sews them back up. In the winter, he doesn’t even turn the heat on. “I mostly put on a bunch more layers,” he tells The Post.

Why so stingy? Daniel is a member of the growing FI/RE movement, short for financial independence, retire early. The money philosophy — essentially, save fast and early so you can quit working young — is gaining traction among millennials who have had a taste of office drudgery and want nothing to do with it. Followers combine investment hacks with old-fashioned penny pinching to build up enough savings to quit their 9-to-5, well before their 60s. They’re also committed to a monastic existence, even amid NYC’s many social temptations — drinks with co-workers, workout classes and even the odd fast-casual Friday lunch...

(snip)


Lenona.

[Beaver...@live.com]

My income blew up tenfold in the last few years. It's temporary and already declining so I am pretty happy living the same way I did when I was making poverty wages. Though the scary thing is in this neighborhood, 100k a year is still poverty wages.