Monday, July 14, 2014

Life Expenses

The total of my future expenses each year are roughly $50,000 per year. I know this is logical because according http://www.healthcareworkersalary.com/others/nutritionist-salary/, the information says that the top ten percentile of professional nutritionists/athletic trainers make 70k a year.

According to http://www.healthcareworkersalary.com/others/nutritionist-salary/, i can likely count on making 70k a year in my future job as a sports nutritionist. My education/training to get that job will cost $200,000 for all years of training and certification. I want to save $3,000 for my rainy day fund each year, and $2,000 for retirement each year. If I save $2,000 per year for retirement, by the time I am 65 years old I will have $96,000 dollars plus interest.

- Comparing my future income makes me think how carefully I must manage my budget, as well as possibly picking another profession or source of income to allow me to comfortable live the way I want to live without digging myself into debt. At the end, I only really save $3,000 for leisure time, which doesn't seem to "leisurely". Therefore, there are obvious material things that I would need to cut down on to keep some of the money and invest in a stock to help with finances. In addition, this budget was made without expenses of child care and education which causes me think how it can be possible to keep this job while trying to manage a family.

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