Monday, July 20, 2015

Future Expenses

  • The total of my future expenses each year are $150,000.  I know this is logical because my primary sources for information are from my parents.
  • According to sokanu.com I can likely count on making $100,000 each year in my future job as a molecular biologist.  My education/training to get that job will cost $240,000 total for all years of training.
  • I want to save $12,000 for my rainy day fund each year, and $5,000 for retirement each year.  If I save $5,000 for retirement each year, by the time I am 65 years old I will have $17,000 plus interest.
  • Comparing my future income and expenses makes me think i need to work really hard to get this Kind of job and be good at it so I can make above average salary. 

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