So, if you get approximately like 30k free every year, how much time would it take you to buy your own flat and car?
So, if you get approximately like 30k free every year, how much time would it take you to buy your own flat and car?
Great question.
For a flat, in Paris, for a 50m2, the price greatly vary between 300K (with a bunch of work to do) to 700K and more (I don't know very well the market, I can't give you much details). Right now, the loan interest are very interesting and I could buy immediately something (With a 25K contribution and pay for it for the next 20 / 30 years depending on the rate).
Since I don't own a car, I think you have for all prices. You can get a second hand for 10-25K, and a first hand for 18K - 30K (And more obviously)
Again, the 30K free at the end of the year are without all the "fun" part, with the strict bare minimum. I didn't included bars, friends, travels etc...), unfortunately I don't have 30K after all of that :P
Let's say a flat is 500k. I hate to disappoint you but you'll never afford to buy a flat.
US salaries are a different story entirely. (We can't even get there because of VISA anyway).
Please. Let's leave Europe to European and USA to the USA. No cross continent comparison.
I can live in London, ALONE, and still get more savings than that at the end of the year, just sayin'.