B2L2

Interesting topic since I just brought an apartment and moved out to form a family.  So I went thru all these calculation many many times over and over again....  Haha...

It is scary how much it costs.  Of course everyone wants to pay off your mortgage in 5 years, who doesn't.    Life is a trade off, I have to give up something to achieve others.  Once thing I learn is that a good credibility worths a lot of money.  I never know my life worths so much...  

Good that you think about this before you even finish school.  Now you could start your planning earlier.

- Brian

B2L2

又車又樓又無債 = perfect life  

when one has yearly income of $1.8M, his standard life will be pretty high as well.  And saving up for 5 years without 1 cent of spending still wouldn't able to purchase a house.

B2L2

Sorry, not 1.8M.  Got myself confused.  

Ignoring tax?  Consider he pays ~30% tax, his yearly income has only $126k.  Without spending 1c, he could save up to $630k in 5 years.

B2L2

原帖由 SAZABI 於 2008-5-26 16:34 發表


hee... the tax rate above 100k for sure is not 30% or "~30%"

People are paying 26.7% when making $100k.  I'm not rich enough to know what's the average tax rate is when one make $180k.
http://www.loyaukee.com/forum/vi ... p;extra=&page=1

Now back to my day dreaming for the $180k job.  After working for 10years in Canada, the only way to keep your salary increase in a good rate is by switching jobs consider you are in the right business.  Most people (in another topic) said they only have < 5% raise every year.  I don't know how I could reach the $180k job.

[ 本帖最後由 B2L2 於 2008-5-27 08:42 編輯 ]

B2L2

I think we are going quite OT.

Original post is about:

"it seems that if both people (a couple) are earning equally, they will have to take in 100k per year AFTER TAX in order to live relatively comfortably....
how can a couple achieve this????"

I know if I'm making $180k a year, I shouldn't need to worry too much to achieve a certain comfort level.  Definitely not luxury but should be able to afford a house, a car but still working my ass off to keep that cash coming.

B2L2

I consider what celeron_266 stated is definitely not minimum.  But I agree that it is a normal "expected" life for a well educated matured couples (I mean this may not apply to young couple say just out from school).

Ask yourself wouldn't you expect (or at least wish) this to be your standard of living when you are 35?  With a home, car, cable, gas, food and medical.

In fact it isn't quite far away from what I'm shotting at today.  
Did I earn $180k yearly?  No.  
Is there so much to spend to in my life?  Yes.  
Is it scary for such an expense?  Yes

Final question, how a couple achieve this????  Save your saving early and very early.  Working hard and very hard.