Your Plans for the Future? (2 Viewers)

[Skittled]

My best friend made a funny little quip the other night, which made me realise the difference between he and I when it comes to financial planning and the security which comes from it. We're both 19, I've got my next 10 or so years thought out and planned (but with the knowledge that things'll no doubt change before that time is up), while he has difficulty managing his weekly paycheque.

By the end of uni, my girl and I want about 30-40k saved up and to own a car, and then to go to Europe/Middle-East for several months.. After that, with a bit of research we found we're both destined for jobs with an average income of high $30k's (as a starting wage, straight out of uni, no experience), which presumably will increase, and with a bit of ambition, hopefully quickly. A few years of experience there and I'd like the money for a MBA (Masters in Business Admin) to be saved up, do that course, and from there get a nice little job with an average income of $118k.

....in between a few apartments and houses and a marriage and kids and puppy dogs.

So, What plans do you guys & girls have for the future? Take it as it comes, or is there a framework guiding you? The impression I get is it's pretty rare for things like this to be thought out (at our age, anyway), but maybe I'm wrong?

 

[IceBreaker]

no idea yet, maybe i should get a financial planner sooner or later

 

[Casmira]

my parents are financial planners, ie. my mum & her sister are accountants

i already got ~$25k saved up and under ~5.1%-5.4% term deposit and i get about $600 per 6 months, thats like a free ipod plus $200

 

[cyrax83]

geezuz ... whatever i earn is gone in the next week, u guys make me feel bad

 

[chookyn]

my plan, God-willing i live long enough, is to:

*finish degree and cert IV before end 2007.
*volunteer overseas for a year or less (if the right position comes up)
*work in either the media/publishing dept. of my church; or at an advertising/graphic design agency for approx. 3-5 years, and hopefully produce some groundbreaking designs and campaigns that inspire and inform people.
*do postgrad: MFAD (fine art/design) or MADE (art, design, environment) @ UTAS, which will provide opportunities for travel in tassie, as well as professional and personal development.

beyond the masters, i haven't figured out yet. Probably just more working (playing) as a designer, have an exhibition, maybe do a PhD a bit later on, if i have a good idea for a thesis. Then i can come back to Avondale (or any other institution really) and be a lecturer for either art/vis comm! hmm...

*edit* other than this, i'm pretty open to whatever comes up. interruptions make things interesting!

 

[MzbLaZeIT]

heheh ive thought about it alot, but at 18 i have no intentions of going to a financial planner when i can seek advice from relatives/parents who are well off.....

from working a saturday/thursday night job throughout year 11+ 12
(spending almost more than half of my pay each week),.. my savings is at 4 grand.. (was much more before i bought my own car + went on schoolies trip)

at the moment i have some freelance work, which is cash + gets spent soo quickly.. which SUCKS.
i need to start saving some of it!! aghh
after my 2 year course (only 6 months thru) i hope to land a secure job once ive finished my course (dont we all hope!!)
lol

but i really want to have some kind of investment property by the time i am 21. (or atleast put a deposit on it)

but i suppose i jst gotta work my ass off more and start saving up like i used tooooooo
it was so easy when i was in high school.. coz i wasnt 18 and clubbing was non existent for me!

 

[loquasagacious]

I get 5.6% on my money and its not in a term deposit - Dragon Direct rocks.

I have a fairly comprehensive plan for the future. Get degrees, marry, work, travel, work, kids, etc.

 

[Calculon]

I reckon in 10 years I'll be in prison for negligent engineering practice or insider trading, depending on where I choose to go after uni.

 

[iamsickofyear12]

Apart from finishing uni I have no plans for the future.

 

[Not-That-Bright]

* Slow painful death.

 

[soha]

i work my ass off
and this week is a 52 hour week for me..
i dunno im too tired to care...

omg on another note..i work ina foto lab where we develop fotos neways..i was thinking hey this jobs mad i could so open my own foto developing kodak or whatever shop and do it in the future..and then when i was flicking thru fotos that i had just developed i saw a few porn shots of some chik with her legs wide open of her downstairs
i was like ew fuckign grose...so i scrapped that idea..

 

[Not-That-Bright]

I don't know if photo developing is gunna be that big in the future. I picture more of those machines that u stick in ur memory stick, press print, and away you go. However, speciality photo labs (like the cool ones that make you up sexy posters of the photoshops you do) will probably have a bit of a boom.

 

[braindrainedAsh]

My current savings are going towards an exchange next year for a semester. I will finish my degree (including honors year) and then try and find a job in the industry and try and save up as much as I can (I try and save while at uni too after my exchange). I may go and do the working holidaymaker thing in the UK if I can get a job in the media over there. I want to work for maybe 2-3 years then I may either go back to uni and do some posstgrad studies or just spend my money on a car and start saving up for a house depending on if I am settled somewhere or still travelling around everywhere. But these are not definate plans or anything, just thoughts about what I might do. They could change at the drop of a hat depending what opportunities may come up.

 

[Not-That-Bright]

My current savings are going towards an exchange next year for a semester. I will finish my degree (including honors year) and then try and find a job in the industry and try and save up as much as I can (I try and save while at uni too after my exchange). I may go and do the working holidaymaker thing in the UK if I can get a job in the media over there. I want to work for maybe 2-3 years then I may either go back to uni and do some posstgrad studies or just spend my money on a car and start saving up for a house depending on if I am settled somewhere or still travelling around everywhere. But these are not definate plans or anything, just thoughts about what I might do. They could change at the drop of a hat depending what opportunities may come up.

Have you got much of a portfolio going?

 

[iambored]

I don't have any plans

 

[Raiks]

Get a degree/s, fall in love, get married, have 2 kids, one son one daughter, have a house in a wealthy outer suburb and have 2 dogs in the backyard, send the kids to private schools while driving a 3series BMW or C-Class Mercedes and spend sunday playing golf with the guys from the office... fit in a bit of closet bdsm, latex fetish gear and dominatrix activities with the mistress who also happens to be my daughters primary school teacher... and theres a start to my overall plan for life.

Although it may end up completely different... I've learnt once before that there's no use in planning too far ahead, because never feel secure that what you have today, you will have tommorrow.

 

[chookyn]

never feel secure that what you have today, you will have tommorrow.

yeah, situations can change so quickly.

 

[dark`secrets]

first to finish the degreee within the recommended time frame.
perhaps work in aus for awhile and go overseas to work.

 

[loquasagacious]

Undertake meanigful part-time work whilst studying, become an officer in the reserves. Go on at least one exchange, do an ANIP internship at the Strategic Land Warfare Centre. Get an apartment in inner canberra.

Finnish degrees, work in public service in canberra (DFAT, Prime Ministers Office, SLC or Treasury preferably). Onward and upward to better things.

 

[Lundy]

travel around europe using my hard-earned savings. then die. because that's pretty much all I want to do and pretty much all I can realistically see myself achieving before I sink back into the dark and joyless chasm of nothingness from whence I came.

(....that may have sounded a tad pessimistic. )