My Future and My Investments (extra credits)

My Background: I am currently a high school senior at Phillip and Sala Burton. I will be graduating soon in the month of June. So that means that I need to start investing soon. I have started saving around $50 a month for the past 3 years. So far in my savings account, I have around $1,800.00. I work at a fast food restaurant that pays $12.50 and hour. I am not planning to work at my current job for a long period time however, I will continue my occupation because it helps me get the basic necessities.

My Goals: After high school, I am planning to go to the college of my dreams. I’m not sure if financial aid will cover all of my tuition because, it’s a private college. A semester there will cost me around $15,000 with housing. So that means that I would need to have some reserve cash at hand in my bank account. If I don’t have enough money to cover for my schooling then, I would need to take out student loans.
I am also planning to get a job that pays well. I want to use the money I earn and buy a decent house in an upper class neighborhoods to raise my children and open a family own corporation.

My Investment Strategy: After seeing so many of my family and friends lose their money in stocks. It sort of scared me because I would not want my life savings to disappear. This experience had made me into a conservative investor. The key fact of investing would be investing in companies and corporation within my circle of confidant. Below are the top 5 companies that I am planning to invest in.

Apple Incorporated (Electronics) I own 132 shares
Last Trade: $85.00 / a share
Div/Yield: n/a
Growth Investment.
Pepsi Corporation (Beverage Company) I own 175 shares
Last Trade: $50.54 / a share
Div/Yield: 1.70 (3.30%)
Income Investment
Google Incorporated (Search Engine, Adverting Company) I own 12 shares
Last Trade: $300.35 / a share
Div/Yield: n/a
Growth Investment
Microsoft Corporation (Electronics) I own 186 shares
Last Trade: $22.15
Div/Yield: n/a
Growth Investment
Sony (Electronics) I own 86 shares
Last Trade: $22.18
Div/Yield: .37 (1.60%)
Growth Investment

In my stock portfolio, I tried my best to invest in companies that I know best. Also I did not put all of my money “eggs” in the same basket. By combining my knowledge of electronics, I know what these companies offer and what they do for their communities.

My Insurance Plans:

Car Insurance: I am 19 years old now and I am planning to buy a new car. That means that I need to get a decent insurance company that will not issue me high rates. I pay $1,000 every six months for my car’s insurance.

Health Insurance: Being a single individual I am paying a low premium of $250.00 a month for my health insurance. However, if I am planning to raise a family I am looking at $3,000 a month. The reason the rate for my health insurance is low because I am part of my company’s workers union.

My Everyday Expensive

I really don’t have to worry about the mortgage payments because my parents offer me to leave with them rent free. However, I still need to pitch in a buy food and basic needs for the family. Below is a break down of what I do every month when I get my paycheck.

I am a workaholic and tend to stay at work for a long period of time. I earn $12.50/hour. A week I would work 40+ hours. I get my paycheck every two weeks. I make around 1k every two weeks before tax. Means I earned around $2,000 a month before taxes.

Per Month: (My Responsibilities in the house hold)

Savings: ~$50.00
Food: ~$550.00 (Six people)
Clothing: ~$50.00
Utilities: ~$250.00
Internet, TV, and phone: ~$100.00
Rent: $0.00


Money left over: $1,000.00 = goes back to savings and bank.

Debts: Student Loans

Since, I am not millionaire. I had to take out student loans with no interest until I graduate. I decided to borrow around $50,000 for schooling. I am planning to pay it back after 8 years. Until then I am still working at IN-N-OUT. I hope that my job can get me into a better paying career to solve my debt problems.

Overall, my yearly income is around $43,000.00.

JUMPING INTO THE FUTURE!

It’s quite hard for me to continue my dream of owning my own company with this rate of income. Over the years my stocks went up and thrived. However, I am not planning to withdraw the incomes because I am saving that up for my retirement. By this time I am in my late early 30’s. Since my income was not representing me well with my MFA degree. I decided that I will leave my beloved IN-N-OUT company and pursue a better job career in LA.

With a short amount of time I was able to make enough money to open my dream store. I am still single and is making a lot of money in my prime years. I jumped from 43k into 100k with my degree. This allows me to buy the house in that nice neighborhood as well. I also paid off my student loan my now. Life is good.


My Timeline:

June 2009: My graduation
Spring of 2009: I enter college (Academy of Art University of San Francisco)
2014: Just recently received my BFA.
2015: Decided to take year off to find a job in the multi-media field
2018: Renter College and tries to get my MFA in Multi media
2020: I finally got my MFA
Spring of 2020: Just got an offered a job in L.A. as a graphic designer.
2023: Bought a new home…
Continue…..