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Thank you for this very well explained post with all details. I love stuff like this, 0 obfuscation, straight to the point. So, if you get approximately like 3

Thank you for this very well explained post with all details. I love stuff like this, 0 obfuscation, straight to the point. So, if you get approximately like 30k free every year, how much time would it take you to buy your own flat and car?

erowtom 10y ago
Thanks for the feedback, really appreciate it. Great question. For a flat, in Paris, for a 50m2, the price greatly vary between 300K (with a bunch of work to do) to 700K and more (I don't know very well the market, I can't give you much details). Right now, the loan interest are very interesting and I could buy immediately something (With a 25K contribution and pay for it for the next 20 / 30 years depending on the rate). Since I don't own a car, I think you have for all prices. You can get a second hand for 10-25K, and a first hand for 18K - 30K (And more obviously) Again, the 30K free at the end of the year are without all the "fun" part, with the strict bare minimum. I didn't included bars, friends, travels etc...), unfortunately I don't have 30K after all of that :P
user5994461 10y ago
30k salary = 17XX € per month. Let's say a flat is 500k. I hate to disappoint you but you'll never afford to buy a flat.
- erowtom 10y ago
  You've misunderstood. I get 26570 euros at the end of the year, after paying taxes, food, electricity, flat, insurances, common life stuff. This is the "bonus". I also moved to another company and greatly increased my revenue :).
  - user5994461 10y ago
    Correction: You live with your girlfriend and you managed to save that after you shared all your expenses TOGETHER, especially dividing your rent by 2. I can live in London, ALONE, and still get more savings than that at the end of the year, just sayin'.
  - collinstevens 10y ago
    I don't know man, I'm with user5994461, after all my bills monthly ($2,000 monthly rent, $350 new car, $200 insurance, $30 phone, $200~ utilities, ~$500 food) I have +/- $60,000 USD at the end of the year after taxes in surplus with only one year of experience and no diploma..
    - user5994461 10y ago
      I'm in the UK. The comparison makes more sense. US salaries are a different story entirely. (We can't even get there because of VISA anyway).
      - collinstevens 10y ago
        Hmm, it seems that if I wanted to go work somewhere over there though, that it would be a crazy pay cut even if we factor in all the benefits
        user5994461 10y ago
        You can't, because if you're American and you work in the UK, you'll have to pay taxes in your home country on top of your British taxes. That will ruin whatever compensation you have. Please. Let's leave Europe to European and USA to the USA. No cross continent comparison.

erowtom 10y ago

Thanks for the feedback, really appreciate it. Great question. For a flat, in Paris, for a 50m2, the price greatly vary between 300K (with a bunch of work to do) to 700K and more (I don't know very well the market, I can't give you much details). Right now, the loan interest are very interesting and I could buy immediately something (With a 25K contribution and pay for it for the next 20 / 30 years depending on the rate). Since I don't own a car, I think you have for all prices. You can get a second hand for 10-25K, and a first hand for 18K - 30K (And more obviously) Again, the 30K free at the end of the year are without all the "fun" part, with the strict bare minimum. I didn't included bars, friends, travels etc...), unfortunately I don't have 30K after all of that :P

user5994461 10y ago

30k salary = 17XX € per month. Let's say a flat is 500k. I hate to disappoint you but you'll never afford to buy a flat.

erowtom 10y ago
You've misunderstood. I get 26570 euros at the end of the year, after paying taxes, food, electricity, flat, insurances, common life stuff. This is the "bonus". I also moved to another company and greatly increased my revenue :).
- user5994461 10y ago
  Correction: You live with your girlfriend and you managed to save that after you shared all your expenses TOGETHER, especially dividing your rent by 2. I can live in London, ALONE, and still get more savings than that at the end of the year, just sayin'.
- collinstevens 10y ago
  I don't know man, I'm with user5994461, after all my bills monthly ($2,000 monthly rent, $350 new car, $200 insurance, $30 phone, $200~ utilities, ~$500 food) I have +/- $60,000 USD at the end of the year after taxes in surplus with only one year of experience and no diploma..
  - user5994461 10y ago
    I'm in the UK. The comparison makes more sense. US salaries are a different story entirely. (We can't even get there because of VISA anyway).
    - collinstevens 10y ago
      Hmm, it seems that if I wanted to go work somewhere over there though, that it would be a crazy pay cut even if we factor in all the benefits
      - user5994461 10y ago
        You can't, because if you're American and you work in the UK, you'll have to pay taxes in your home country on top of your British taxes. That will ruin whatever compensation you have. Please. Let's leave Europe to European and USA to the USA. No cross continent comparison.