Blog #4: Future Lifestyle

• The total of my future expenses each year are $700,000.  I know this is logical because my primary sources for information are http://www.scotiamcleodgps.com/upload/documents/sample-financial-plan.pdf.
• According to http://www.bls.gov/ooh/healthcare/physician-assistants.htm, I can likely count on making $90,930 each year in my future job as a physician assistant.  My education/training to get that job will cost $170,000 total for all years of training.
• I want to save $10,000 for my rainy day fund each year, and $17,000 for retirement each year.  If I save $17,000 for retirement each year, by the time I am 65 years old I will have $816,000 plus interest.
• Comparing my future income and expenses makes me think about how I should start saving money now because it's never too early to save for the future.  Also, creating a budget and figuring out what you will need for the future in accordance to what you want helps you plan out what you need to accomplish in order to get there. It puts a greater picture in your head of what it will take to be as successful as you wish to be one day.