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My life has consisted to cherish every moment because it might end one day. I’ve been doing this all my life and I’m not planning on stopping anytime soon. In May I will end my first year of college and I already have my life planned out. In college I want obtain a bachelor’s degree in civil engineering, and probably master’s degree if I still have motivation to continue my education. My first goal after college is paying of all my student loans and helping my parents paying pay for the bills. Also I will like to travel and have a family while being economically stable.
I see my future cherishing every moment with my family and friends by making my full effort to make them happy I want to have as many kids as I can to have a big family. My goal is to have a big family as my fraternity family because we are all close to each other. I want to have friends that support and be there whenever I need them. I want a very social life where I can explore places with friends every weekend. Also with my family I would like to be close to my religion and go to church every weekend.
Setting financial goals is always a smart choice and that is always rewarding. I was setting my financial goal while developing a plan for achieving it. After all, 10 years from now you may have a total new financial plan. Setting financial goals is just like setting a personal goal. For example, if you decide you want to be is a civil engineering, you develop a plan of action that will get you there. My first goal after college while my 20s, is paying of all my student loans and helping my parents paying pay for the bills. Making money and spending it always feels very rewarding. I will like to working in my major as a civil engineer. I expect to be winning the average salary for an engineer in his first job. The average pay is approximately $50,000 the first year after college graduation. One of the key ways that saving can help me reach many of my financial goals is saving. After paying the monthly bills and helping my parents pay their bills I will consider putting any 10 % in my savings account immediately rather than waiting until the end of the month to see what is left over.
This will prevent me from spending extra cash on unnecessary purchases that can interfere with meeting my financial goals. Putting money on my savings accounts will help save money faster and pay my loans faster. I will check out banks and see which one offers better offers. I will look for saving accounts that include high interest rate, how long the saving term last and if there are penalties for withdrawing cash early. Around my 30s my goals will be to be financial stable. I will like to be in better paying job with in important position. I will like to have done many projects and start managing my own. Having some experience I would to be getting a little bit then what I stared with like around 56,000 per year. While I am getting paid a little bit more will like to pay for medical and house insurance a little bit to have a better protection plan. By this point I will have liked to have paid all my student loans and start my savings for retiring. With a better paying job I will increase the amount that I deposit into my savings to 15% of my check for retirement. I will have a better house that isn’t that expensive but a decent.
I will like to pay around 2,500 to 3,200 a month including utilizes. I would also still be helping my parents with their bills even though I don’t live them anymore. At this point my little brother will be attending college and will like to help him with any personal expenses that he has. I would like to have a luxurious car and have a social life with my friends by going out every weekend. I will want to have a good relationship with my kid’s ad hangout with them as much as I can, Around my 40s my goals is have my house paid buy a new and help my kids with anything. By this point after working on my own project I will like to start my own company will. I will like to offer jobs to newly graduated students to help them start in the right path. Having my own company I will expect to be winning much more than what I stared of with. While I am getting paid a little bit more will like to pay for medical and house insurance a little bit to have a better protection plan and also for my kids. By this point I will like to start helping my kids with their loans to pay it of sooner.
With a better paying job I will still deposit 15%into my savings for retirement. I will like to buy a better and move into a better neighborhood. I will like to pay around 3,500 to 4,200 a month including utilizes. I would also still be helping my parents with their bills even though I don’t live them anymore. I would like to have a luxurious car and have a social life with my friends by going out every weekend. Now that I’m going into my 50s I will like to start thinking how my life would be when I retire. Now I will like to give a worker higher position in my company to have a lower work load for me. I will still be paying for homeowners insurance and also start paying for life insurance. By this point my kids would be out of college and will still help them with anything. With a better paying job I will want to deposit 25%into my savings for retirement. Since retirement will be around the corner I will be more cautious in what I spend money on. I will like to spend money that will last for a couple of years would also still be helping my parents and my brothers with their bills even though I don’t live them anymore.
My social life will not be the same as my younger but I still will like to go out with my friends. Finally I will be in my 60s and will ready for retirement being financial stable. My goal is to have my family happy and a have them with a bright future. I want my kids to have their own social life and have a good house. If my kids don’t’ have a descent paying job and not be financial stable then I will have failed even though I have successfully done my goals. By this time I will be obtaining money from my savings account to live through retirement. I will want to still be winning some low wage from my company for personal expensive and family.