Lifestyle in 10-15 Years

Week 6: What I am Grateful For

I have been extremely grateful for the past 5 weeks. I am grateful for this class because it helped me get a vision of how to be a responsible adult in the future. I am grateful for my internship because it helped me gain experience in the work field and it kind of gave me a glimpse into my future work experiences. I am grateful for using Waybook because it helped me define my understanding of myself, characteristics, etc.. The discoveries of myself did not make me change the way I saw myself because I already had a feel for myself and the discoveries in Waybook just helped clearly view my characteristics. I am grateful for discussing work readiness skills and to see which work readiness skills were my strongest and lowest so that I could work on my lowest points more to be the best worker / co-worker as I can be. I am grateful for using all of the websites we used because it helped discover helpful resources for my future. I am grateful for my experiences this summer and I feel extremely lucky because it helped me find good resources for the future, it helped me think about my future, and taught me how to be responsible adult and person overall and that this experience will help me add to college applications and it will help me look like a better candidate for college or for any future jobs I may have. I discovered what were my values and I got to narrow down my goals to help me with my future and I am grateful for that.

Finance and Savings Interest-CCorr

William, starts saving $4,000 a year (about $333.33 per month) when he is 20 and stops after 20 years, after having saved $80,000.--45 years until he's 65

His brother, James, starts saving $4,000 at 40, and does so for 25 years, for a total of $100,000 saved.

231,653.79

Interest earned during the time that he has put in his monthly 20-40

$155,244.76--$666,000

They earn 6% on their savings.

At age 65, William will have $____ in his account, while James will have  $_____ . Despite having saved less, William's nest egg will be almost four times greater because of compounding

Wk 5: Appreciation

I'm grateful for all of the opportunities that are available to me. 

I'm grateful for this career readiness class because it made me aware of what it is to be a responsible adult. Budgeting and thinking about the future monetarily was really eye-opening, especially when it came to all of the expenses that are needed to survive and thrive. 

I'm grateful for this internship because it has provided me with new ideas to eat healthier and have the food taste good (not as impossible as it sounds). I also realized how much people bond over food and how it's a gateway to conversation. I definitely appreciate my parent's cooking more and try to help out in the kitchen.

I learned a lot about my strengths, values, and personality that helped me get a better look at who I am. It's kind of hard knowing who you are at such an early age and what characteristics define you, and those quizzes definitely helped. It only helped solidify what I already knew was true, but needed a second opinion on. 

I don't think reflection on the discoveries made make me think any differently about myself. I'm highly opinionated and I have a sense of who I am. It was basically just a summary to me.

Being introduced to google sites, linkedin, and using blogger was really interesting. It was fun exploring new sites and seeing how they could help further our future career. 

I learned that I rely on logic, am genuine, and enjoy long walks on the beach. It was nice to see what my strengths were and what characteristics weren't.

I am very thankful for this opportunity. I feel as though since all us kids live in Marin, we take for granted what we have every day. Other teens in California don't have as nearly as much opportunities for success. Also, check out our views, amazing. The air I breathe is clean and I don't have to wear a mask. I'm thankful for everything (except for all the bad people in the world), even you.

Wk 4: Expenses

• The total of my future expenses each year are 41,940.  I know this is logical because my primary sources for information are my father and the internet: http://money.cnn.com/magazines/moneymag/money101/lesson18/index3.htm
• According to the police website looking for cadets, I can likely count on making $80000 each year in my future job as an entry level police officer in San Francisco.  My education/training to get that job will cost $2500 total for all years of training.
• http://www.jobaps.com/sf/sup/BulPreview.asp?R1=CCT&R2=Q002&R3=060667
• I want to save $5,000 for my rainy day fund each year, and $24000 for retirement each year.  If I save $24,000 for retirement each year, by the time I am 65 years old I will have $424, 340 plus interest
• Comparing my future income and expenses makes me think…. that I either need to find a higher paying job, move out of California, or find some places to budget even more. California taxes are especially high and the state has inflated prices. 

Week 6: My Experience

I am most grateful for the variety of work that I have experienced this summer. Being diligent and productive during my construction job seemed to be most relevant as I was asked to do a variety of tasks. Asking clarifying questions and questions pertaining to efficiency seemed to be the most useful as  I ran into obstacles that I felt could be performed faster. Regarding class, I felt the most important thing I learned was the use of the waybook. Not only was it easy to use, but it allowed me to reflect on some of the values and personality traits that I underestimated before. It also exposed me to a program that I had never used before but can utilize either on a resume or show a future employer the type of worker/traits that I value.

Regarding the internship, I was grateful that TJ taught me a valuable lesson about customer service. If a business can tailor their service to meet the wants and needs of a customer, than both customer and manager are happy. If the customer is happy, so is the business. Therefore, it's necessary for a business to go beyond the standards and allow for flexibility within the service or program. Secondly, allowing a variety of products and services allows a more diverse population of customers who can find exactly what THEY want from the business. There shouldn't be only one rudimentary class at a crossfit gym (or any gym in general). A gym should offer a variety of programs (classes, PT sessions, team events, kids-teen programs). As a result, the community becomes infused into the business, creating a strong sense of community.

Future savings

1. If you put $500 into a regular savings account in the bank when you are 18 years old, and add $50 each month, how much will you have when you are 68 years old (50 years later)? $39,500.23

2. If you put $500 into a regular savings account in the bank when you are 30 years old, and add $50 each month, how much will you have when you are 68 years old (38 years later)? $18,312.14

3. If you put $500 into a regular savings account in the bank when you are 40 years old, and add $50 each month, how much will you have when you are 68 years old (28 years later)?

4. If you put $5000 into a regular savings account in the bank when you are 30 years old, and add $500 each month, how much will you have when you are 68 years old (50 years later)?

5. If you put $5000 into a regular savings account in the bank when you are 40 years old, and add $500 each month, how much will you have when you are 68 years old (28 years later)?

6 (make up your own problem)-- write it here

This makes me think that since I am planning on traveling to Europe in two years, and was planning to spend $2,000 to go to europe, after calculating this, I feel that it will be incredibly possible and attainable.