Hypothetically speaking of course...
If I earn 200,000 a year, deduct 30% tax, that leaves me 140,000.
If I save 30% of the total, I should be able to afford the car (around 150,000) in 4 years. Right?
Is my calculations too imaginative?
Is it even possible to save 30% of one's income?
And with an income of 200,000, would the tax rate be more?
A little more background: If I graduate MD school at 26, finish my residency at 30. I should be able to acquire the car before I'm 35, no?
By all means, shatter my dreams. I do believe I need a reality checkXD
If I earn 200,000 a year, deduct 30% tax, that leaves me 140,000.
If I save 30% of the total, I should be able to afford the car (around 150,000) in 4 years. Right?
Is my calculations too imaginative?
Is it even possible to save 30% of one's income?
And with an income of 200,000, would the tax rate be more?
A little more background: If I graduate MD school at 26, finish my residency at 30. I should be able to acquire the car before I'm 35, no?
By all means, shatter my dreams. I do believe I need a reality checkXD