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The total of my future expenses each year are approximately $22,500. I know this is logical because my primary sources for information are other similarly situated filmmakers as well as websites like Living Wage and Take Charge America.
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According to financial planning websites such as the ones listed above, I can likely count on making $72,000 each year in my future job as a production designer. My education/training to get that job will cost $20,000 total for all years of training.
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I want to save $6,500 for my rainy day fund each year, and $9,000 for retirement each year. If I save $9,000 for retirement each year, by the time I am 65 years old I will have $405,000 plus interest.
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Comparing my future income and expenses makes me think that filmmaking can be a very profitable job as long as one changes certain lifestyle habits to fit their particular occupation.
Monday, July 20, 2015
Blog #4
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Hopefully, you can become what you want and live happily. Good luck in the future!
ReplyDeleteGood luck! I hope that it works out well for you.
ReplyDeleteGood goals! You'll do great :)
ReplyDeleteAwesome goals! Mine are very similar to yours. Film has also always interested me too.
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