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
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