Friday, July 11, 2014

Expenses in 10-15 years


  • The total of my future expenses each year (including the total payment of my car) are $70,600. I know this is logical because my primary sources for information are salary.com, zillow.com, my parents, and common knowledge. 
  • According to Salary Wizard, I can likely count on making $280,000 each year in my future job as a neurologist in San Francisco. My education and training to get that job will cost $320,000 total for all years of training. 
  • I want to save $2,000 for my rainy day fund each year, and $5,000 for retirement each year. If I save $5,000 for retirement each year, by the time I am 65 years old I will have $245,000 plus interest saved.
  • Comparing my future income and expenses makes me think how hard I have to work in order to reach my goals. I have to continue to do as well as I can in school and save up my money by not spending on dumb things. This means that maybe instead of going out to lunch with my friends I can make myself a lunch from home and still go with them. I'm pretty good with my money, so hopefully I will stay that way.

1 comment:

  1. Definitely becoming a neurologist will be challenging and require a lot of education, but that is such an awesome job and the fact that you have that drive to become a neurologist is so admirable. Keep saving and never give up! (:

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