The total of my future expenses each year are 217,500. I know this is logical because my primary so I are my uncle and mom. According to salary.com I can likely count on making 465,667 each year in my future job as a cardiologist. My education/training to get that job will cost about 600,000 total for all years if I don't get any financial help.
I want to save 8000 for retir each year. If I save 8,000 for retirement each year, by the time I am 65 , I will have about 190,000 plus interest.
Comparing my future income and expenses makes me think that I will have to be more focus when doing my budget planning and that I also need to balance my expanse so I can have enough money to live with when I am in retirement.
Your retirement plan is an ambitious goal. Good luck for all that. Your uncle and mother sound very successful. Your future expenses are great.
ReplyDeleteGreat job, Mahalia! Cardiology is very interesting and I wish you the best of luck with that career.
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