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Originally Posted by wheelsup You'd only be able to save $30k in 4 years while saving 90% of your post-tax salary? It has to be more than that. I live in Virginia Beach and there are sailors all over my apartment complex driving BRAND NEW Mercedes, BMW's, Audi's, Navigators, etc. They're young too.
$30k/4 years = $7500/year
Spending 10%, that means you're brining in only $8333 after tax/year. At that tax bracket, you're looking at $12,000/yr gross pay. That seems low, even for the enlisted military. |
I think he's about right. During my short stint in the Marines, we were payed as Sgt's while in OCS. We got about 1400 a month. The military doesn't really pay well, you just don't have to pay for much. However, I'm sure that you can lease a 30,000 car on 1400 a month if you don't have any other expenses.