Week 4

Oops. I completely forgot this was due. Anyway, in ten years, when I'm 25, I don't plan to be married yet and should have just gotten out of law school and have an entry level attorney job. I have heard that it's a good idea to get a government job as opposed to at a private firm when you are fresh out of law school, so I am going to assume I will be some sort of deputy district attorney.  I've always liked the idea of living in Boston and apparently it is a good city to be a lawyer in, so that is the city I am going to be using.

From what I have calculated, my expenses will be around $64,300  based on  zillow.com, ehalthinsurance.com, livingwage.mit.edu, and finally my family's records. 

In my job as a deputy DA I can make ~$80,000 annually according to indeed.com. My education would have to include a 4 year bachelor's degree and I would then have to go to law school for 3 years to get a JD. This cost varies based on if I go to public or private schools and many other factors, but the average cost  is $212,00 for both undergrad and law school according to goodfinancialcents.com. That is insane. My parents can probably cover some but I would probably have to get some sort of job as a student and potentially take on some debt. :(

If I do take on debt then my first priority would be to pay that off. Only once that is gone would I start putting money in a rainy day fund. Maybe I could put in around $3500 a year for a rainy day fund. I want to save a lot for retirement ( my retirement is going to be awesome) so lets say around $9000 a year. That makes $360,000 by the time I am 65 plus interest.  

This is all assuming everything goes according to plan though. I have to get into law school, pay for it, and find a job once I graduate. And who knows. I might not even want to be a lawyer in two or three years. $212,000 is a ton of money....