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Goal Setting (Continued) If you're not sure how much money you should make annually, do this... Find out how much it costs to live, that is calculate your expenses. A rough estimate is fine. But if you want to find out how much you spend there is another activity (later on). Add these together: Mortgage/Rent $___________ Heating $___________ Hyrdo (electricity) $___________ Water $___________ Food $___________ Car Insurance $___________ Gas for Car/s $___________ Maintenance for car $___________ Bus (if you take it) $___________ Clothes $___________ Gifts (for yourself or others) $___________ Education $___________ Miscellaenous $___________ TOTAL: $___________ (per year) Now that you know how much it costs to live per year, take that total value, and QUADRUPLE IT! This is how much money you should or could be making. Congradulations you have taken a great step towards achieving financial success, you are amongst the few who actually take time to write down their goals. |
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"You become what you settle for! Don't settle for chump change!" -Harry Jonathan Chong (That's me :) |