<prompt> Human: I would like to own property by the time Im 30 in California potentially, REALLY nice property, open to the Bay, LA, or OC. Say 700k.Here is my situation:-No debt state university, commuted, worked through school, parents paid -Making 35k annually getting a 1k raise in a few months, just switched fields and am now in marketing. Plan to be at 40k in a few years, hopefully 70k post MBA. -51,447.90 in savings -1,259.46 in checking -11,247.13 in Vanguard education account, to be put towards MBA in 3-4 years. Budget: Roughly 2,000 month paycheck Rent - 852month I have roommates, CA rent is just expensive. Downgraded from a 1,150.mo studio. Cat Misc - 20-50month food, new toys, etc Grocery - 120 to 150month vegan, mostly plant basedclean eating, cook at home a lot Eating Out - 120month allows for eating out 3x a week or the occasional pressed juiceacai bowl Alcohol - 0-50 month depends how social I am Gas - 100month high end Misc shopping - 70 month CVS, Target, etc Entertainment - 10month Spotify The remainder, about 600, goes to savings. Parents pay for car insurance, maintenance, and phone bill. I dont have health insurance, dont have a 401k, etc. Old company matched 401k. EDIT: Im covered under parents health insurance in case of a car accident. Other than that, not covered. BUT Im a very healthy vegan wout any genetic history of certain diseasesissues. So I think Im fine in that department. Occasionally have additional income, but isnt much maybe 500-1,000 a year. I spent a lot on music festivals and shopping this year maybe 2,500.Am I on the right track? What kind of downpayment will I need for a 700k property? If I stick to this budget, and save roughly 600 a month, am I doing okay? I should mention I will probably attend an MBA program in 3-4 years, and parents will probably pay for half or all of it. I have no intent on ever having children, so I do not need to save for that, if thats important. Similarly, if I was to get married, it would be a court wedding with little to no cost. I cant think of any other major life milestones that eat money, so thats it I suppose. EDIT: If youre looking at my assets, my salary, and my projected salary, and thinking I just wont be able to cut it in the property bracket I want, what do you think I CAN afford by the time Im 30? Thanks. Let me know where I can cut costs, thank you. Assistant: I dont have health insurance:I spent a lot on music festivals and shopping this year maybe 2,500:Ok, in short, no you wont be ready by age 30 with your income. A REALLY nice property in those areas is about 1 million. So you need to amass about 150k for a downpayment. You have 51.5k in savings, but 8k of that needs to go into your emergency fund account... so lets say you have 43.5k left in savings that can go toward the downpayment. So you need 106.5k more i.e. 150k-43.5k. If youre saving 600 per month then you need to work 178 months, which is 14.75 years, to acquire the additional 106.5k for your downpayment. Human: Okay, this is not taking potential raises nor post-MBA raise into account, right? Thanks for your help. Assistant: Correct. But do bear in mind that an MBA will be expensive, and the 1-2 years while you are in school is time you wont have an income.Im having the same issue as you, where I live homes are generally 1 million. It sucks, but you just have to pinch pennies and save for a LONG time. These homes are also good investments if they are in a desirable location expensive homes can be a double edged sword. They can fluctuate down in price drastically if they arent in a desirable area, so you can lose a lot on the investment. Edit: typoHuman: Parents are paying for MBA. Changed desired property to 700k. New wisdom?  <response>: You can do the math. 