Sunday, July 13, 2014

Future Expenses

  • The total of my future expenses each year are $226,100.  I know this is logical because my primary sources for information are my parents.
  • According to my dad I can likely count on making $300,000 each year in my future job as a neurosurgeon.  My education/training to get that job will cost $240,000 total for all years of training.
  • I want to save $10,000 for my rainy day fund each year, and $10,000 for retirement each year.  If I save $10,000 for retirement each year, by the time I am 65 years old I will have $350,000 plus interest.
  • Comparing my future income and expenses makes me think if this is all worth it.  I will have many expenses, and my income is barely enough to live and pay off my loans.  However, I really like what being a doctor entails, especially the science behind it, so I think I will be happy in my job, and that is what really counts.

1 comment:

  1. Good job Melissa! Seems like you know what you want to do. Yay for neurology!!

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