Economics of The New Grad CRNA - page 2

I have a friend that graduated recently from CRNA School. He loves his job and got a pretty good salary, 120 - 130k. He just bought a $360,000 home in the area; he doesn't have a lot of debt outside... Read More

  1. by   ethelbsnrn
    Dave Ramsey (financial guru) says, mortgage should NOT exceed 1/4 of NET pay. Read his book..."Total Money Makeover."
  2. by   piper_for_hire
    Spend you money however you want. It's a free country. Some are into investing, some into saving and some are into living large. Some people try to do it all. Who cares? You only live once, so do what you feel is right for you.

  3. by   ali anesthesia
    Buying my house was the single best investment I ever made. Depending on your area of the country, now may be an excellent time to purchase--low interest rates, buyer's market.

    I would like to add a word here on personal comments. There are many people who think CRNAs make too much money...mostly out of ignorance in not knowing what is involved in doing anesthesia. That is probably a reason some of the previous posters wanted to know why you asked the question. It is always interesting to me how people get defensive when it comes to money. It is very much a personal issue.
  4. by   catcolalex
    remember this site is mainly frequented by nurses, whoever heard of nurses being judgemental towards others, especially other nurses?
  5. by   teiladay
    I think a person who graduated from a Masters level program (in any field of study) and who can do basic math, should not have to ask a friend whether or not he spent too much. Only HE can know that. Heck a $360,000 house in San Francisco, LA or San Diego isn't saying very much. In Newport News (in my humble opinion) the "nice" houses, in "nice" neighborhoods were in the $600,000 range. All things are relative when it comes to questioning whats "reasonable".

    What I find amazing is that you ask this question in a CRNA type of forum, where actually ANY person, in ANY field with the ability to do basic math can answer this question. Him being a CRNA doesn't have anything to do with computing reasonable financials.. and basic budgeting.
  6. by   James Garrity
    So,I guess I shouldnt feel to guilty about bying that new Porsche C4S after I graduate huh?I was worried if I would be able to afford it
  7. by   zrmorgan
    Quote from zaga21
    I have a friend that graduated recently from CRNA School. He loves his job and got a pretty good salary, 120 - 130k. He just bought a $360,000 home in the area; he doesn't have a lot of debt outside of his CRNA student loan. My question is for you new grads. Do you think he spent too much? How much do you guys and gals plan to spend / spent? Just wondering, he seems to really love the work though.
    zaga - dont know if he spent too much....what was the house like? I will sell him a bridge in NY for a mere 100,000 if he would like to reconsider...he can then invest the other 260 elsewhere...JK

    BTW, what do you do for a living zaga? are you a mortgage broker? a real estate agent? I am truly curious.

    Maybe you should open up a poll on this board to get an idea for how much people are comfortable spending as a new grad. I am sure there are a lot of people out there who could benefit from the information.
  8. by   CRNA2BKY
    I feel the post here was a little strange myself, but it's a very difficult question to answer. Where does he live? Not just the city, but street address as well. Things like this can make a big difference whether it is a smart idea to buy a house or not. The idea of what he is making or how much debt he has, or how much the house costs really doesn't give anyone the information to make a judgement about how he should spend his money. Some houses appreciate rapidly, some more slowly or even depreciate in value. If my best friend asked for my opinion, I would talk to him about these things, I would try and help him, but I also know that strangers all over the country couldn't possibly know anything about the situation he is in, the economy, his background, financial status, tax bracket, property values, appeciation rates, personal goals, family life, and oh my get the picture. It really was sweet of you to try and help your friend though; there's probably just not enough resources here on this board. Good luck.