HOW MUCH MONEY IS YOUR GOAL??? Message Board

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Strategies & Market Trends : HOW MUCH MONEY IS YOUR GOAL???

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To: Yaacov who wrote (2)	11/27/1997 3:30:00 PM
From: Sonki	Read Replies (1) of 470

Yacov, My goal is to have sufficient money to keep a roof over my head and food to eat. I think $1 M to 1.5 M. should be enuf for this. I have benefited for the first time from your msg written on 4/16/97. It is wonderful that we have SI where very like minded individuals can share thoughts across the world. In U.S. a prive college like Stanford, JohnHopkins etc costs $25k/yr *4 yrs = 100k /yr. per kid. This rates are going at much higher rate then inflation. So I figure $250k min. required for 2 kids. Conservative living for food/clothes/car/med insurance etc = $25/yr.+ rent or house payment. Capitol budget 2 new cars every 10years and the 250k mentioned above for education over a period of 10 ++ yrs. = $25k/yr of extra spending per year. so exenses are 50k yr. with typical salary of 100k per yr. in silicon vally (enigneer 7 yrs of experience makes 100-130k). 100k(salary) - 30k fed tax - 20k (other tax state,fica etc)-15k (401k), 10k (company stock) = 25k bring home paycheck needed this is a typical family of 4 w. one person working. intel 4 health and wealth etc... wishing you the best for upcoming year. Message 2829538

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