Week 4

The total of my future expenses each year are $112,000. I know this is logical because my primary sources of information is my family's current spending habits plus a little extra for my own. According to the average salary of the people I have worked with in my internship over the summer, I can make about $175,000 each year in my future job as a market maker. My education and training to get that job will cost about $100,000 but I would look to hopefully lessen the cost through scholarships and what not. I want to save $15,000 for my rainy day fund each year and $30,000 for retirement each year. If I save $30,000 fir retirement each year, by the time I am 65 years old I will have $1,200,000 plus interest. Comparing my future income and expenses makes me think that I have a lot of career planning and hard work ahead of me. It would benefit me most to get a job straight out of college so I can start making and saving money, so to do so I need to take advantages of the opportunities I have to learn what I can now. I also think that I should reconsider or put on hold certain expensive hobbies, like buying shoes, to avoid excess spending during college and the period after while I am still getting my barrings