1. Twenty years from now
Ms. Nguyen

2. CAREER
Career Title: Electrical Engineer National Average Salary (Income): $94,000 Educational Requirement: At least a bachelor’s degree in EE. Estimated age of graduation: 22

3. MONTHLY TAKE-HOME (paycheck)
Before taxes: 94000/12 = $7, After taxes: 62826/12 = $5,

4. ASSUMPTIONS
Assume you’ve been saving 15% of your take-home for 10 years. You can use this amount towards the down payment of your house. 62,826(.15) = (9423.9)(10 years) = $94,239 saved

5. MY DREAM HOME Go to www.ebby.com / www.zillow.com
Find a home
Map search
List Price: $1,099,900
Mortgage: $1099,900 – down payment = $1,005,661
Search “mortgage calculator” on google
Monthly Mortgage Payment: $4755
Is this less than 35% of your monthly take-home?
How much do you actually need to make (annually) so that you can afford your dream home?
Set up and solve for 𝑥: 4755=.35𝑥, where 𝑥 is your monthly take-home.

6. MY DREAM HOME

7. What I can get with my income….

8. Other things to consider:
Bills such as utilities, food, gas, insurance, retirement savings, etc.
Saving an emergency fund
Having children = $$$

9. EXPECTED PRODUCTS
PowerPoint presentation (include career, salary and take- home, dream home with pictures, affordable home with pictures)
“Where I see myself in 20 years…” essay