The total of my future expenses each year are going to be about $140,000 a year based off what my family currently spends per year. I know this is logical because my primary sources for information are what our current expenses are now and what people in Marin spend on average for housing and utilities. According to People I have worked with over the summer I can likely count on making $175,000 each year in my future job as a Options Market Maker. My education/training to get that job will cost about $100,00 total for all years of training, however my parents are paying for this so it will not affect my budget. I want to save $12,000 for my rainy day fund each year, and $23,000 for retirement each year. If I save $23,000 for retirement each year, by the time I am 65 years old I will have $966,000 plus interest.Comparing my future income and expenses makes me think that I should learn as much as I can about being an Options Market Maker before I am done with college so that I can go straight to work and not have to worry about not having money to pay for all those expenses.
Thats smart having you parents pay fort the education, that will probably be the same thing with my future job.
ReplyDeleteI'm glad that you are taking the time to think about how much work you are willing to put into your future as an options market maker. It seems as through you really care about where you are going in life. Good luck!
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