Saturday, July 12, 2014
Week 4
I've been looking up rates and amounts for over an hour with hardly any progress since I still have a few different states I'm considering living in. However I've calculated that roughly I'll spend about $100,000 each year with my very expensive and long education required for what I want to be. I'm not too worried though because I want to be a neurosurgeon (and today considered being a neurosurgeon for humans instead of animals... On the fence for the first time in my life about my career). I don't think money will be an issue for me because I am very mathematically minded, self-controlled, and not a spontaneous shopper. I have always been money smart, have always looked for the best deals, and have developed saving habits. The median salary for human brain surgeons is $529,176. I chose the median because it is more mathematically sound when outliers are involved versus the mean. A surgical vet can usually count on over $100,000 and up to $300,000. This number is more flexible because of many different factors. As far as education goes, with residency and college I'm looking at approximately a whole years salary worth of debt and then some. If all goes well I intend to save $10,000 minimum in addition to my 401K. This is all sounding absurd to me though because the pure amount of income I may be receiving. I'm sure I'll rethink all these numbers when I'm older.
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It seems like you have planned out a sound financial future. Good job! Have you thought about an emergency fund or what you're going to do with the upwards of $200,000 left at the end of the year? You can always put it toward your retirement or decide to splurge once a year! All in all, it looks like you should be living the "good life."
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