Kevin Graeme wrote: >>Let's get some parameteres first. >> >>Avg age when graduating from college? >>22 or 23? >> >>Avg starting salary in an avg city? So this strikes out place like NY? > > > $20k > > >>Avg college loan? > > > $20k > > >>Avg cost of living in an avg city? So this strikes out place like NY. > > > $1000/month apartment > $250/month car payment > $200/month food and bills > ------- > $18,000 > > How much are we saving again? > > -Kevin Parameters: yearly years 7 student loan due 2400 car payment 000 cell phone 600 rent & utilities 12000 misc 2400
Using your parameters (and age 23)and assuming no other costs. One would need to make $34,700 pre-tax to save $100K by the time one is 30. Those assumptions look low too. so conservatively you need to make about $65K in a city where rent is 1K a month. This is not completely out of the realm of possibility. But I don't think that would be the average. I kinda guess-timated 40% tax and other costs. -- 2004 - The year $184M couldn't buy a pennant. Ron Artest: Extremely flawed, very accidental, semi-martyr ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Find out how CFTicket can increase your company's customer support efficiency by 100% http://www.houseoffusion.com/banners/view.cfm?bannerid=49 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:143258 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
