He was 22 years old. Working his first finance job. Making $40,000 a year. Living in Manhattan. Not Manhattan, Kansas, either. The Big Apple, where financial fortunes are made, and paychecks are squandered. There’s no place that will suck the life out of your budget quite like New York City.
But Sam Dogen of the Financial Samurai blog is living proof. You can earn a modest salary, pay your bills in America’s most expensive city, often assuming you’ll share housing costs with roommates and — here’s the kicker — max out your 401(k) contributions.