A week in Boston with a salary of $118,000

by dailyinsightbrew.com
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A Week In Boston With A Salary Of $118,000
Occupation: Project director
Industry: Environmental consulting
Age: 34
Location: Boston, MA
Salary: $118,000, plus about $150,000 in rental income.
Assets: $45,000 in cash savings; $100,000 in HYSA. $20,000 for my car (which I bought with cash). $850,000 in equity on my home (which I bought with cash). $4,000,000 in rental property investments. $2,000,000 in land and mineral rights investments; $7,500,000 in business investments. $3,500,000 in various investment accounts.

Early in my career, I worked at a small venture fund. I started as an executive assistant with one of the main VCs but was later promoted to business consultant. My job was basically to help investigate troubled investments and find ways to make them more sustainable — both financially and environmentally. I negotiated my contract to include fractional shares in the investments I worked with. Once the fund’s ROI reached a certain percentage, my shares increased proportionally. For example, if I started with a fractional share of 1/4 at 1% ROI, my share doubled to 1/2 share at 2% ROI. It worked well and almost all investments had successful exits (ie bought or IPO’d) so my shares were cashed out. I still hold equity in a few businesses since I moved to a bigger fund.

I used that money to invest in a few small businesses – a green tech company, a healthcare company, a sustainable fashion brand, an art house, and a social sustainability brand – all of which have done well, and I’m reinvesting the profits right back into the businesses. I also invested in some real estate: I have a few rental properties that I rent out at below market rates (for market rate must is; I still make a nice profit without bankrupting anyone) and I have about 10,000 acres of land in the middle of nowhere that I bought so no one can build on it (lol). I don’t make any money from it, but I have a long-term lease with cow and horse pasture blocks, plus a community farm, to prevent developers from moving in and claiming it as derelict. My investment portfolio also currently includes a $1,000,000 holding for an endowment fund for an arts-focused, need-based scholarship. I’ve been trying to get it off my hands for over a year, but some anti-PPC group threatened the organization I was working with, so now it’s sitting on a separate account waiting for those anti-PPC to get a new hobby.
Debt: $1,750
Salary amount (2x/month): $3,200
Pronouns: She/they

Monthly expenses
Monthly housing costs: I bought my house with cash so no mortgage but my home owners insurance is about $200 a month.
Monthly loan payments: $250
All other monthly expenses:
Mobile phone: $65 ($115 total, but company refunds $50.)
Internet: $0 (fully covered by my company)
Disney/Hulu/ESPN: $0 (included in phone plan)
Netflix: $25 (my younger siblings look alike)
HBO: $3.99 (This was a promotional price that I will cancel next month.)
Peloton: $39
Gas/Electricity: about $200/month (price is very seasonal here)
My recipe: $6
Recipes for dogs: $123 (every three months)
Chewy: $65 (dog food)
Mika & Sammy’s: $100 (dog treats, every two months)

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