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Yeah, it's not all about the money, but what the hell.
So, assume that as a physician, you will pull in around $300,000 per year. After taxes/malpractice insurance, you take home around $210,000.
This means that you'll have a monthly draw of $17,500 (this is some major cash!)
Now here is your budget (These numbers are fairly accurate):
Lease a 2005 BMW 745i - $1000 per month
Lease a 2005 Range Rover - $1000 per month (for the spouse)
$800,000 mortgage (this is a nice pad) - (30 year @ 6%) - $4700 per month
$200,000 in student loans (20 years @ 3%) - $1100 per month
Utilities (cable, phone, electricity) - $500 per month
Groceries - $700 per month
Even after splurging on some nice cars and a big ass house (unless you live in Coastal Cali), that still leaves you with about $8500 per month (or $102,000 for the year!) to play with or to invest.
(on a side note, that $200,000 in student loans won't really be a big deal)
So, assume that as a physician, you will pull in around $300,000 per year. After taxes/malpractice insurance, you take home around $210,000.
This means that you'll have a monthly draw of $17,500 (this is some major cash!)
Now here is your budget (These numbers are fairly accurate):
Lease a 2005 BMW 745i - $1000 per month
Lease a 2005 Range Rover - $1000 per month (for the spouse)
$800,000 mortgage (this is a nice pad) - (30 year @ 6%) - $4700 per month
$200,000 in student loans (20 years @ 3%) - $1100 per month
Utilities (cable, phone, electricity) - $500 per month
Groceries - $700 per month
Even after splurging on some nice cars and a big ass house (unless you live in Coastal Cali), that still leaves you with about $8500 per month (or $102,000 for the year!) to play with or to invest.
(on a side note, that $200,000 in student loans won't really be a big deal)