Won Lee wrote: > Won Lee wrote: > >>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 >> > > > Car payment should be 3000 a year which gets you a 15K POS. I drive a > 15K POS so I know what a POS 15k cars are. > > That means you get to save 14.3K a year. That is not out of the realm > of possibility but you have to be really really really frugal to save > that much on 65K. >
Actually I take that back. It's not too hard. I did the math wrong in my head. 14K a year is very doable. I didn't realize how easy it would be to get to 100K. I have to admit that I was a bit skeptical when Gruss wrote 100K by age 30. But I think that is a realistic goal as long as you don't own a house. Once you get a house that is unrealistic. -- 2004 - The year $184M couldn't buy a pennant. Ron Artest: Extremely flawed, very accidental, semi-martyr ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Discover CFTicket - The leading ColdFusion Help Desk and Trouble Ticket application http://www.houseoffusion.com/banners/view.cfm?bannerid=48 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:143264 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
