The Car Ranch

Can a veterinarian become a millionaire?

I love animals, especially horses andI like the idea of making lots of money, owning a sports car, having my own ranch and stuff and set up more hospitals and do more conservation stuff.. is all that possible if you’re a vet?

Yes, of course… anyone can be a millionaire by investing steadily over time. You’ll start out at around 60k per year, and be in ~110k of debt… don’t freak out, though, because if you save 20% of your income, and make your loan payment, you’ll still have 36k of income remaining… plenty to live on. Each year your (inflation adjusted) income will go up by ~2%. At age 45, you’ll make your last student loan payment, and just 4 years later, your savings will be 1 million dollars. You’ll hit 2mil at 56, and 3 million at 61. This assumes a return rate of 8% (again, lowered for inflation).

“Sports cars” come in all different breeds… in your 20′s, you’ll be able to afford a used domestic sports car… 30′s you’ll be able to afford a new domestic… 40′s a used Ferrari (or whatever you like)… and once you hit your 50′s, you’ll have enough money to buy whatever kind of car you want.

A ranch, if done right can pay for itself. Depending on the size and location, this is absolutely within reason as a goal for your 40′s.

4 Bed, 3 Bath , 3 Car Ranch