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I agree with your point. I never understood why making >150K starting at the age of 32 with a debt of about ~300K is an insurmountable burden. I have a close fr
by potatote 9y ago
I agree with your point. I never understood why making >150K starting at the age of 32 with a debt of about ~300K is an insurmountable burden. I have a close friend who fits the above profile. She actually makes about ~200K/year (after tax and everything, she nets about 100K); her work hours are nothing unusual--~9-10hours. With this rate, she can comfortably pay off her debt in ~10 years top.
- fjsolwmv 9y ago1. Because they might burn out or change career to homemaker before they make that money. 2. Because when they make $300k/yr they feel entitled to spend $250/yr or more
- s0rce 9y agoChanging careers is definitely an issue when you end up with 200k+ in debt. Although, even without the debt 10 years has a large opportunity cost. However, not saving because you make money is up to you, if you want to live lavishly to make up for the 2 decades living like a student who is to say thats wrong. You'll obviously end up with less savings but if your a doctor I think you can figure that you.