akfortyseven
New member
So basically this is what I'm trying to do. I just read the book "millionaire next door" and I am now interested in personal finance and managing money.
I am 22 years old, don't have credit cards or bank accounts (I'm a student and my parents pay), and I will be in school for another 8-10 years to become a physician. I'm looking for a free personal finance site, where I can essentially make "theoretical" or "fantasy" financial decisions. Like for example, if I assume that I will make 250,000 a year at age 30, I would love to have a "fantasy" portfolio that shows how I could budget that, from paying student loans, to theoretical mortgages/car payments and investments (that make fundamental assumptions of like average 8% return compounded annually). I'd love to see how my 401k/roth ira would possibly add up too by age 60 etc, and how frugally I need to live to achieve my goals. That way I could see what a more frugal lifestyle looks like, what a reckless style of spending would lead, and what a moderate style would be like. Tweaking around with this stuff now could defintiely help me in the future, so I don't become like 90+% of doctors out there who are horrific with finances and live way above their means, and end up with little retirement savings.
Mint.com only works with real money, and actual bank accounts/credit cards. is there a site where I can play around with a budget of theoretical money to plan ahead for my finances. Something that is above simple calculators etc, but a complex site like mint.com that really takes into account lots of things. Thanks!
I am 22 years old, don't have credit cards or bank accounts (I'm a student and my parents pay), and I will be in school for another 8-10 years to become a physician. I'm looking for a free personal finance site, where I can essentially make "theoretical" or "fantasy" financial decisions. Like for example, if I assume that I will make 250,000 a year at age 30, I would love to have a "fantasy" portfolio that shows how I could budget that, from paying student loans, to theoretical mortgages/car payments and investments (that make fundamental assumptions of like average 8% return compounded annually). I'd love to see how my 401k/roth ira would possibly add up too by age 60 etc, and how frugally I need to live to achieve my goals. That way I could see what a more frugal lifestyle looks like, what a reckless style of spending would lead, and what a moderate style would be like. Tweaking around with this stuff now could defintiely help me in the future, so I don't become like 90+% of doctors out there who are horrific with finances and live way above their means, and end up with little retirement savings.
Mint.com only works with real money, and actual bank accounts/credit cards. is there a site where I can play around with a budget of theoretical money to plan ahead for my finances. Something that is above simple calculators etc, but a complex site like mint.com that really takes into account lots of things. Thanks!