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I Got ANOTHER Job


That's right! I got a job after applying to one company. The first place I applied to was Lowes and the second was Kohls. Literally the day I applied, I got an email saying I got an interview. I was quite shocked because the only other time this happened was at a McDonalds and it lead to nothing (granted that was when I was in 10th grade). Needless to say, I crushed the interview and got hired on the spot. I got the job of being a cashier and it pays $14 an hour. My other two jobs are babysitting and housecleaning (yes these are not official jobs and are family paying family, but hey money is money right?). These bring in weekly and monthly income so getting the Kohls job will help me have a third source of income.


Goals

My goal with these 3 sources of income is to divide them into different 3 categories. Babysitting money will be invested in a custodial account for my godson, house cleaning money will go towards investing for myself, and Kohl's money will be used for college.

  1. Babysitting $$$

    1. The idea of being able to hand a large sum of money to help my godson achieve his goals sounds so BOUGIE, but the issue is that I probably won't make a ton of money for a while so I figure I should start now while I have no expenses. It may be a small amount of money per month but I figure starting when he is 2 is better than starting when he is 15 and has 3 years until he is an adult. By investing the babysitting money I hope to build wealth for my godson over the next 10-15 years. My plan is to be very risk adverse and invest in ETF's. I also plan to big gifts with smaller gifts so that I can help both my niece and nephew have some money when they are older. Maybe in the future I will also invest for my niece but as of now I don't have quite as much as I'd like to invest for two.

  2. Housecleaning $$$

    1. For my own investments I would like to build a nice cash buffer so that the next time there is a crash I can buy in. AND now that I have a legit income, I can continue to invest in my ROTH IRA woot woot! Before I was putting money in it without having an income that I paid taxes on. Which was frustrating because I had been able to have equal amounts of money in both my investment accounts but now there is a big imbalance. Over time I want my ROTH IRA to be my main investing account and my other account be an "emergency" or fun account. The housecleaning money will help me to achieve my goals while helping me to get into the habit of investing on a monthly basis rather than a day to day basis.

  3. Kohls Cash (lol, nothing like a lil play on words :)

    1. Now that I have decided to stay in California for another year and transfer, I can save a lot of money by going to a community college. And thanks to my dual enrollment throughout high school, I only have to stay for another year. My parent's and I have an agreement where they pay for half the college tuition and I pay the other. With the Kohl's job I should be able to save enough money to pay for my community college expenses. Once I have enough for tuition then I plan to use my Kohls money for spending/emergency money. I have had a small emergency stash for a while now and I would like to double it so that I have a head start for when I do have more expenses. I would also like to save money for Christmas gifts. After all the saving is done I plan to treat myself with Apple's iPad Air, AirPods Pro, and AirTags. While this money could be used for when I transfer to a 4 year university, I think that $2,000 is not going to make a huge dent in 30k of debt. But who knows? I may change my mind and dedicate all of my Kohls income towards college. Every $1,000 counts right?

Conclusion

All of these goals have a delayed gratification orientation because I believe that starting early will bring future stability. Now all I have to do is actually implement these goals and hopefully by writing a blog about it will hold me accountable. Or at least manifest it into existence.




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