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In my senior year of high school i will get a job that pays me 12$ an hour to pay for my college education. If i work 20 hours each week i can earn about $12,480 a year.
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It will cost an estimated 38,320 dollars to pay for my bachelors degree in four years. If a save 25% of the money i earn from my job i can pay $12,480 in the span of 4 years.
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After i am done getting a bachelor's degree i will get a job as a financial advisor. Since i am straight out of college i will be earning $41,160 annually.
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I will be saving my money to buy a house that cost 200,000 dollars for my family. The annual interest rate will be 4% so monthly payments would be $660. I will be finished paying for the house in 26 years.
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By December 31st, after showing that i can do the job i want to get a promotion and earn at least $50,000 a year. This is important for me to be able to afford a house.
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if i save 5 dollars everyday since i got my job as a financial advisor i will be able to save $9125 for a vacation to hawaii. This will be beneficial for my family to have some fun.
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I will now start saving $6 a day for my child's college tuition and anything he/she needs. This is important for my child to get a job.
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I will start investing in companies with money i saved. I will spend 2,000 dollars in a variety of different stocks to lower the risk of losing money, and let it grow until i need it.
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From now on i will save $425.83 each month that will go into my retirement.
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Buy a new car that ranges from $20,000 - $24,000. This is important because i need a better car since financial advisors travel a lot.
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I will sell my house for $205,920 to make a profit since i finished paying my mortgage.
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by 2046 i will have 27,375 cash that i have saved for vacation and to pay for unexpected expenses, so i will spend 6,000 of it to go to Disneyland with my family to have fun experiences.
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By 2056 i want to earn $75,000 annually this will help me have more money to save for my retirement
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By this time i had been saving $5110 every year since 2036 so i should have $102,200 in total for my retirement funds.Also i have $24,660 in my savings account that i use for vacation.
