Blog #4: Future Lifestyle and Finances

In 15 years, if all of my goals are achieved, I would like to be a licensed neurosurgeon. This is about 10 years of difficult training starting after high school, and a lot of practice. This goal is a very difficult one to achieve but I think it is realistic if I continue to push in school and not give up.

• The total of my future expenses each year will be around $30,000-$35,000, If I were to live in an apartment or small house. This cost includes a transportation, entertainment, food, health, as well as a possible roommate to split the rent. This information was obtained from http://www.expatistan.com/cost-of-living/san-francisco
• According to salary.com, the average salary of a resident is around $400,000. The schooling to get this job will cost near $400,000 for four years of undergraduate school and four years of medical school. 
• I want to save enough money for 3-6 months. I want to have around $16,000. I want to save around 10% of my income for retirement, each year, for retirement. This would be around $2,000. By the time I am 60 years old I would have #250,000. However, surgeons make a lot more money, so money really would not be a problem once I become a licensed surgeon. Because the average salary is $300,000, I would have about $1.6 million saved for retirement.  
• Comparing my future income and expenses makes me think that being a surgeon is a good way to be able to pay off my medical school. However, there is a lot of hard work involved in order to make that happen. Being a surgeon is a very demanding job, sometimes you have to sleep at the hospital and be on call at all times. Meaning there is very little sleep, and it is a very intense job. However, there will be no issues with money or spending money at all.