15 Year Real Life Plan
Year 2015
I intend to graduate in spring 2015. After I graduate, enroll for PhD in Industrial Engineering at Georgia technological University or University of Michigan –An arbor. I will be using my student loan to pursue my PhD. I plan to work on campus for a year to support my living. I will buy a used car (2005 Honda Accord) as for my basic needs.
Year 2016
After my first year of my PhD, I plan to work under a professor whose area of expertise is in supply chain engineering. After I get a chance to be a research assistant, I plan to start doing a real time based research. I will apply for scholarships and instate fee. I will also quit my on campus job and use my stipend for my living expenses.
Year 2017
I plan to complete my doctoral program research this year and will get a funding of $20,000 for my research work. I will also start to search jobs as a Professor, such that I have an opportunity to pursue my research work as well as a university that has good research funding.
Year 2018
In the year 2018 I intend to wrap up all my research work and finish my PhD degree and start working as a Professor. I intend to graduate in summer 2018. Post-graduation I will be earning $90,000 working as an Assistant professor at University of Michigan. I will exchange my old car with a new car (2017 Range Rover) on EMI bases for 36 months. I also plane to move to a bigger 2BHK premium fully furnished apartment. I will also start re paying my education loan over next 2 years. I will also start saving some money to buy a house and for my marriage.
Year 2019
In the year 2019 I plan to visit India in summer for a month. I also plan to visit few places in India. In this year I also plan to do research on real time optimiz...
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Assumptions:
[1] The some tax rates and some interest rates are based on assumptions.
[2] Cost of living is assumed.
[3] T-bar (tax on foreign investment) is neglected.
[4] Personal expenditure is based on assumption.
References:
[1] Dr. Susan Ferreira, Advance Engineering Economy (IE 5304) notes.
[2] The Economic Analysis of Capital Expenditures for Managers and Engineers, G T Stevens. Jr.
[3] Automobile prices based on Enterprise Inc.,
[4] Real estate prices are based on 99acers.com.
[5] Bank tax rates are based on State bank of India.
[6] Vacation prices are based on yatra.com.
[7] Insurance prices are based on www.healthcare.gov
[8] Salary has been considered from www.salary.com
[9] Budget work sheet referred from http://moodleshare.org/pluginfile.php/10848/mod_assign/intro/Copy_of_personal-budget-spreadsheet.xls
The presentation of the material is in dollars only. Overhead is applied to products as a percent of direct labor dollar cost. Factory profit for each year is found by subtracting direct material, direct labor, and direct overhead costs from total sales. The overhead percentage is calculated at the same time budgeting and is applied as a single overhead pool throughout each model year. The consulting company used 435% of direct labor costs in 1987 for their study; the budgeted was actually 437% (OH/DL=107,954/24,682). A similar percentage applies in the following year (109890/25294=434.5%). However in the next two years, after the outsourcing of oil pans and mufflers was enacted, the allocation of overhead in...
...self working in a healthcare facility (hopefully a doctor’s office). In five years I plan to start working on my Bachelor of Science in Health Science Degree. In five years I would’ve gotten the experience and knowledge I need to move forward in the facility.
In five years, I see myself entering the physical therapist world. I plan to be applying for my first physical therapist job and gain experience. If I do not get that far, I will still be doing education to further my knowledge in the career field to help me with possibilities for the best job I can
[4] Colin Drury, Management and Costing Accounting, (7th edition), Chapter 3, Cost Assignment, p. 54-59
a. 1. What sources of capital should be included when you estimate Harry Davis’s weighted average cost of capital (WACC)?
Companies. Retrieved July 4, 2008, from University of Phoenix, MMPBL-501 Web site. University of Phoenix . ( 2008). Economics for Managerial Decision Making
During my education at college, I hope to broaden my surroundings through study abroad. When I come back from a country, I will educate others on the cultures and experiences there. With my education, I hope to join in a program like Doctors Without Borders or the Volunteer Optometric Services for Humanity (VOSH). I will be able to improve the eyesight of people around the world and educate others from my experiences in that program.
After I graduate in the fall of 2017, I will begin looking for a job. I am hoping that I am offered a job from an internship at Ochsner Hospital in Gretna that I might be taking this summer. After I graduate, I will also start to prepare for the CPA
Second, after my educational are completed I will focus of finding a job where I can advance into business management and gain the necessary experience required to become a college professor in the business area. I would like to stay with my current employer, but transfer to another higher paying position that will give me the skills and experience that will be give me advancement opportunities.
school, I plan on attending Florida Southern College to earn a Chemistry degree and eventually
While in summer i hope me and the family go on trips and do more family activities together. Another thing is to start driving after high school so i can go places go on adventures and be able to take my girlfriend out to nice restaurants. The number one thing when i start driving is to take my mom out to do whatever she wants to thank her for taking
After college, I hope to come back to a small community very similar to St. Ansgar and teach in the high school setting with my Bachelor degree. I’ve loved growing up in such a tight knit community where you always know you will have support from the people around you. This is
Im thinking that its most likely that I will go to a university. If I do, I will go to the University of Phoenix. I’m attending the University of Phoenix for a few reasons but I’m ultimately going to the university to become a detective. I want to be successful and rich so I can have all the good things in life. I want to be able to have a family without financial stress and worries. My entire life my mom has and still is working two or three jobs just to make ends meet. That’s not where I want to be with my future. I want a sense of comfort that no matter what happens I’ll have the money to take care of it. I don’t exactly need a luxurious lifestyle, but I’d like to partake in a life of nicer cars, extravagant home, and cash in the bank. So after all I guess I would like to have a few dollars. It’s often hard to grow up without a substantial amount of money in the family. I’m going to make sure that my husband (who will be working just like me), and kids don’t have to go through all of that. On a more selfish side of the scale, I want to get out of that whole situation as well. I’d like to drive expensive cars and wear the clothes, and most of all, I always want to have money in my pocket. Like everyone else, I just want the good life.
The future is always uncertain. However, having a financial plan for the future can save a person a lot of grief. More importantly, it can help tremendously for that young adult who is fresh out of college, and at the beginning stages of life; for the young adult who is preparing to attain his or her Doctorate, and will be living, most likely, completely on his or her own.