Tuesday, July 22, 2014

Week 4

  • The total of my future expenses each year are $35,000.  I know this is logical because my primary sources for information are various trusted internet sources.
  • According to theartcareerproject.com I can likely count on making $70,000 each year in my future job as a screenwriter.  My education/training to get that job will cost $180,000 total for all years of training.
  • I want to save $8,000 for my rainy day fund each year, and $15,000 for retirement each year.  If I save $15,000 for retirement each year, by the time I am 65 years old I will have $450,000 plus interest.
  • Comparing my future income and expenses makes me think that I will need to start learning how to budget my finances wisely early on. If I don't, I may end up making poor decisions regarding how much money I spend/save annually. 

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