Can a petroleum engineer eventually afford a lambo ?
My uncle is a petroleum engineer and he earns a little over 150000$ a year . Im a petroleum engineering student but unlike my uncle i rather be single and have an average home . Will i eventually be able to own a car such as a lambo ?
Asked By: . - 2/16/2012
Best Answer - Chosen by Asker
Yes. Invest 20% of your income in growth mutual funds as soon as you start. You could contribute the minimum you need at your job to get their maximum matching contribution. This is usually about 3 to 6% of your own income. They match the 6% so that's 6% of your own money invested in a 401k plan. Take 14% of your... More
Answered By: D.T. - 2/16/2012
Additional Answers (4)
Answered By: Justin - 2/16/2012
Sure but an engineer that is smart enough to afford one will spend their money on something more valuable. The cost of such a vehicle when you add in insurance and lost revenue on that $150,000 is more than any intelligent person would spend.
Answered By: oil field trash - 2/16/2012
Answered By: Unemployed Slacker - 2/16/2012
Yes, especially since used 2004-2006 Lamborghini Gallardo's go for $80,000... More
Answered By: C7S - 2/17/2012
(89) Local Jobs Paying $19-$97 Per Hour- Available Today. Apply Now!
New job opportunities added daily. Search & apply for DC jobs now.
We need people to fill a number of positions at Home
Click. Search. Apply. Free!
Other Career Questions
What jobs are there in the business field that are night jobs? Places and job titles please. Im have a BA in Business Admin and looking for a night job, already have a morning/day job.
Enumerate these jobs Say, patent application writting. patent application writing. In a company, what jobs are needed to keep confidential?
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.