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Let’s Be Real “Success is to be measured not so much by the position that one has reached in life as by the obstacles which he has overcome.” ~Booker T.

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Presentation on theme: "Let’s Be Real “Success is to be measured not so much by the position that one has reached in life as by the obstacles which he has overcome.” ~Booker T."— Presentation transcript:

1 Let’s Be Real “Success is to be measured not so much by the position that one has reached in life as by the obstacles which he has overcome.” ~Booker T. Washington

2 $ Entry Level pay $50,000 $ Entry Level Pay $30,000 Gross Pay$4,166.67 Federal Income Tax$437.06 Social Security Tax$258.33 Medicare Tax$60.42 State Income Tax$156.25 Deductions$208.00 Net Pay$3,046.60 Gross Pay$2,500.00 Federal Income Tax $225.06 Social Security Tax $155.00 Medicare Tax $36.25 State Income Tax $93.75 Deductions $125.00 Net Pay $1,864.94 Software Engineer Police, fire and ambulance dispatchers

3  Lincoln Park Zoo  Lake Front Lincoln Park Chicago, IL 551 W Belden Ave APT 3RW, Chicago, IL 60614 Walk Score ®96 Walk Score ®96/100 (Walker's Paradise) Transit Score ™82 Transit Score ™82/100 (Excellent Transit) Where we want to live

4 - 2 Beds, 1.5 Bath - $1980/Month - 1 Parking Spot - Fire Place - South Facing Sunroom - Private Balcony

5 Internet $40 Cell Phone $50 X 2 Heating $150 Electricity $50 Home Maintenance $50 X 2  $440/2 = 220

6 4.0  Low cost plan  everything from scratch, 1 or 2 treats per week: $250 2.0  Thrifty Plan  $200

7 Moderate PlanThrifty Plan  $50  Dress Shirt and Tie  $120

8 15%  $896  Vacations and 6 months of expenses. 5%  $114  Bare Minimum

9 $350 2009 Chevy Lumina 25,000 Miles $100 2011 CTA Bus Tinted Windows A/C Bike Rack

10 Starbucks $30 Haircut $35 Razors $5 Gym members hip $50 Styling $45 Cosmetics $25 Gym $35 Starbucks $20 Total $125

11

12

13 Remaining Balance  4.0 = $71  2.0 = $16

14 IRS Scam


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