Letter for when I am 40. Dillon
Okay so first I shall be living in LA or SD at this point in time. I want to have a family with at least two children. I want to be a music recorder/editor for a music company, studio or a major music labor, or be a contractor for an artist or band. Move to LA after my senior year to go to LA Film school for a 4 year degree. Would be nice to have a side business in computers just fixing and working on them as a side job or small business. Living in a higher end middle class neighborhood and having a semi-nice car would be nice. If working at a studio making a minimum salary of right now of 90k a year and after taxes about 75K and then live off of 50k a year and then try and bank 25k a year for growth for later for security and for cars for children and for college. Get a minor in business and get a good 401k and make a couple safe small investments that makes money but not a ton but enough to make it worth wild. By age 40 if I should start a job after college at a studio around age 24 or 25 have around 350k hopefully banked from the 25k a year savings.
Saving for retirement and the future sounds really important to you. Its good that you're thinking about your financial security right now. Too many people don't think about it until its a little too late and that may cause them to have to work for many more years.
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