Week 4
- The total of my future expenses each year are around $89,637.76. I know this is logical because my primary sources of information are Zillow, other government websites such as epa.gov and irs.gov, verizon, and other acclaimed websites that are likely to have pretty reliable information.
- According to healthcare-salaries.com the average pay for an obstetrician can range between 200,000 and $300,000 a year, I can count on making around $250,000 a year as an Obstetrician.My education/training level to get that job will cost around $183,480 total for all years of training.
- After taxes I will have around $65,000 soI want to save $30,000 for my rainy day fund each year, and $35,000 for retirement each year. If I save $35,000 for retirement each year, by the time I am 65 years old I will have $1,225,000 plus interest.
- Comparing my future income and expenses makes me think that I have a lot of careful planing and hard work ahead of me. In order to live a pretty comfortable life style I will have a lot of expenses and I haven't even factored in children. In order to actually accomplish these tasks and goals I'm going to have to put in many long hours and I am going to have a mass of student loans hanging over my head. I think that there are so many paths in life and this is only one of them I really have no idea where I will be in fifteen years. Maybe I'll decide I want to go into anthropology or radio journalism. If I become an obstetrician it will be a very expensive climb but I think when I finally get there there will be a magnificent sunrise and the student loans will be worth it.
I think you have a good future ahead of you. Factoring in having a family will make it that much more difficult.
ReplyDeleteAwesome career path (you'll make a ton of money) but it seems like you really did your research on this and I respect that and know that diligence is one of the work readiness skills we've talked about. Seems like you've got that spot on.
ReplyDelete