YoungAndWise's Journal

Where are you and where are you going?
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YoungAndWise
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Post by YoungAndWise » Mon Nov 19, 2012 12:42 pm

So I finally broke in and got a journal. This well be my narrative journey through ERE, as an oddball millennial. Obviously this won't be a complete narrative since...well...I've been here two and a half years and I just now bothered to now actually make a journal.
But enough of me talking let's talk about money.
As of now my financial situation really means jackshit (I can curse on this form correct?) since I'm a dependent and all without a job. However a couple positive points.
Positiveness

------------------------------------

-More than likely have about half of college classes done. (53 out of one hundred andtwenty to be exact) So that means less time in college (theoretically anyways)means less money wasted! YEAH!

-Possibly have my Pharmacy Tech. cert. done next semester. For free. Awesome imo. Means I can work a job that doesn't pay minimum wage during college and during the summer as well.

-Start my fiction blog about a week ago and have 61 views without any real advertising. (Nothing financially important; just a ego/confidence booster ;) )
Now negativity thingies.
Negativeness

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-Still have two years of college left if I take 15 hrs. per regular semester.

-Still don't know what I want to do with my life.

-I am an INTP-Passions for specific subjects are fleeting like a leaf in the wind (except for writing. That is a rock. A reallly frickin' big rock)

-Running out of material for my fiction blog.
Now enough negativity. To the projects.
Projects:

------------------------------------

#1 Non-fiction blog:

So here is attempt at a doing a nonfiction blog. The general idea started as finance blog for millennials but now? It is a different idea. What it is exactly? I have no idea. And that sucks.

#2 Fiction Book 1:

You know that fiction blog I talked about earlier? Yeah I'm thinking about turning it into a small book. (About 15k words) I actually might complete this one.

#3 College Classes:

Yeah the college classes I take during my senior year. Kind of sucks but whatever. At least they are free and transfer to the college I'm going to.
Also I might as well give some "About Me" information:
Age: 17 but been here since 15.

Aspiration: Ultimately get out of the rat race by 27 and become a writer/digital nomad.

Plan: Graduate college without debt, get a "normal" job that pays decently, do side gigs, save at least 50% of "normal" job income, and invest in a healthy diverse amount low-risk assets.


Marlene
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Post by Marlene » Mon Nov 19, 2012 2:48 pm

Welcome to this forum - maybe even as dependent you have incoming and outgoing money? Maybe you could give us a glance into that or what kind of categories you spend money on? The blog must be costing hosting money, yes?
And - this article of study hacks might be of interest for fleeting passions.


secretwealth
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Post by secretwealth » Mon Nov 19, 2012 3:45 pm

Just because you're a dependent and have low earning power for now doesn't mean you shouldn't start saving. You're young, so compound interest works in your favor. You should start saving $100/mo. if you can and investing it--putting so little in an investment account in stocks or bonds may be difficult, but there's got to be a way to do it.


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YoungAndWise
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Post by YoungAndWise » Mon Nov 19, 2012 7:29 pm

@Marlene-Incoming money is zero. Outgoing money is zero. The only real expenses' I have is the occasional paying one or two dollars for lunch at high school. The blog is hosted by blogger and cost zero dollars to host.

But thanks for the article and advice. Fellow journeyman/woman.
@secretwealth-I've decided my high school graduation gift would be a couple bonds or stocks.
I doubt I can save the $100 dollars as getting a job that fits with school schedule is difficult. However I can try I guess.


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Chad
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Post by Chad » Mon Nov 19, 2012 8:25 pm

While, compounding interest is nice, I don't think it would make up for the time you would waste in the future by dropping those college courses now, which seems like what you would have to do to free up enough time to earn any cash. The extra time you will get in a high earing profession by shaving years off your schooling will be worth more than compounding interest on a couple thousand.
I would use whatever free time you had to write a book and get it published (either traditional or self-published on Amazon, B&N, etc.). It's what I'm doing, just too slowly.
Lots of good self-publishing info.

http://jakonrath.blogspot.com/


secretwealth
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Post by secretwealth » Mon Nov 19, 2012 8:30 pm

I only had summer jobs when I was your age--and even then earning $1200 was a pipe dream. Still, every little bit you can save will be so much more valuable than anything us old fogies can save.


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YoungAndWise
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Post by YoungAndWise » Mon Nov 19, 2012 8:53 pm

True. That being said nearly everything I sell goes back to my account. So its a start.


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YoungAndWise
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Post by YoungAndWise » Wed Nov 21, 2012 5:02 am

Non-ERE: Got my license!
However I was wondering how would a geography major and geology minor would do. It seems like a degree I am interested in however it seems a very strange one at that.


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C40
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Post by C40 » Wed Nov 21, 2012 6:01 am

Might not be too good unless you'll be using it to find oil or something???


secretwealth
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Post by secretwealth » Wed Nov 21, 2012 6:13 am

Petroleum engineering majors start at I think 180k. Not a bad choice. Maybe you'll become BP's next CEO.


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C40
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Post by C40 » Wed Nov 21, 2012 6:15 am

And then retire after 6 weeks. :-)


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YoungAndWise
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Post by YoungAndWise » Wed Nov 21, 2012 8:39 am

@C40: Hey yeah on the six weeks retirement. But actually cartography and people knowledgeable in GIS are high in demand from what I've heard. So could be good. Also knowledge in cultures, region, and the world in general (which geography entrails) also is useful for marketing. Combine that with a geology minor that places focus on geochemistry and energy & environment and I might have a winning combination.


FrugalZen
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Post by FrugalZen » Wed Nov 21, 2012 8:59 am

Cartography is always in demand according to a young man I know about 10 years older than you and in the field....starting pay in Washington for the FEDs was just under 90K. Military end by the way.
Ahem!!!....."in my day"...(you may stop wretching..LOL!) my summer job in a convenience store earned me about 1200-1500 dollars probably 90% of which I saved as I used it to finance college...it just about paid all the tuition and books.
Its unconsionable IMO how the cost of education has inflated so that its almost impossible for someone to go to a place of learning without going so far into debt they will never get ahead...
Is this the New "Indenttured Servitude"???


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YoungAndWise
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Post by YoungAndWise » Wed Nov 21, 2012 9:53 am

If you're not savvy, hard working, don't enough scholarships, or just don't have the assets/knowledge available, then yes it can be.
However you can come out with minimal or next to no debt if you can work through it.
For example I am graduate high school with 30-53 hours of college under my belt, shaving at least a year of my college studies. Along with that a certificate in a job that pay $10 dollars minimum. You just need to go after it hard.
I should do a blog series on that.
Also that sounds kick-ass pay imo!


FrugalZen
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Post by FrugalZen » Wed Nov 21, 2012 10:07 am

LOL!!! It sounds like great pay but remember thats working in DC. Expenses there are high enough and all the surrounding states where you might live have state income tax as well.
After Tax and SS deductions and BEFORE Retirement plan payments you "might" see 50% of that 90k....and housing is real expensive there.


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YoungAndWise
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Post by YoungAndWise » Wed Nov 21, 2012 10:10 am

True.
....Does Antartica need cartographers?


FrugalZen
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Post by FrugalZen » Wed Nov 21, 2012 10:15 am

With the Ice Sheets melting....probably....
Google the International station there...Munroe Station if I recall the name right....might have a job posting board??


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YoungAndWise
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Post by YoungAndWise » Wed Nov 21, 2012 10:24 am

I don't see anything about an international station there.


LonerMatt
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Post by LonerMatt » Wed Nov 21, 2012 11:22 am

Geologists can earn around 70k AUD straight out of University working for mining companies in Australia. I imagine there are similar prospects in Canada, USA and Brazil.


FrugalZen
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Post by FrugalZen » Wed Nov 21, 2012 11:58 am

Ok...Senior Moment...McMurdo Station though there are quite a few others there...check Wikipedia.


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YoungAndWise
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Post by YoungAndWise » Wed Nov 21, 2012 7:48 pm

@LonerMatt: Geography major and Geology minor might be able to pull it off.
@FrugalZen: I see. And it is alright. I might be able to pull it off, just need some connections.


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bigato
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Post by bigato » Thu Nov 22, 2012 4:00 am

Young friend, you'll be a case study for me. I believe you have nothing less than a bright and happy future ahead.


BeyondtheWrap
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Post by BeyondtheWrap » Thu Nov 22, 2012 4:21 am

Seems like cartographer is a pretty solid field with respect to job outlook and salary, and a geography major is good preparation: http://www.bls.gov/ooh/architecture-and ... trists.htm


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YoungAndWise
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Post by YoungAndWise » Thu Nov 22, 2012 4:36 am

@bigato: Why thank you my friend.

@BeyondtheWrap: It does! :)


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YoungAndWise
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Post by YoungAndWise » Fri Nov 23, 2012 12:00 am

Okay I have a couple questions for you guys.
1)What is your tip for saving money on college? Just wondering since I an planning on doing a in detail college blog series to kick off my blog.
2)Is it a good idea to rewrite and regurgitate my blog posts for this series and place them on Associated Content to get some income off it during college.
So any thoughts?


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