Once she turns 14 she want to get a part time job making about 21,600 by the time shes 16. When she turns 17 shell get a full time job so that will give her 28,800 by the time shes 19.Plus she plans to get a summer job at 16 all the way tharouhg 18 giving her 5,400.In total by the time shes 19 she'll have about 56,000. Do you thinkshes over her head?
2007-07-28 17:29:40 · 12 answers · asked by [K]nee[C]oal 1 in Business & Finance ➔ Credit
I think she'll have a great time auditioning for modeling, acting or singing! It's probably the only way she'll make that kind of money in five years at that young of an age ... and with no experience. That, or being a bodyguard for a high-profile person. I think the next question is ... does the girl have looks and/or talent?
2007-07-28 17:45:05 · answer #1 · answered by Jewels 7 · 0⤊ 1⤋
A part time job is going to have to pay a LOT of money to reach that much in two years. My part time job doesnt even pay half of that. And being 14 prevents her from working too much on school days, I think it is. So that's three days a week she can get good hours in. And there aren't that many well-paying jobs that hire teenagers.
I think she is a little over her head, but I also think that she shouldn't give up. If she saves all her money rather than spending it, she might be able to rack up some big cash by the time she's 19 - just maybe not as much as she had hoped.
2007-07-29 00:39:27 · answer #2 · answered by Holly H 2 · 0⤊ 0⤋
She's dreaming the dream of a child. She'll be lucky to earn a couple grand at a part-time job between the ages of 14-16. Also, if she's still in high school at age 17 she won't be able to work a full time job. Federal child labor laws prohibit it. Saving is an admirable goal, but I think her plan is a bit unrealistic. Another thing to keep in mind is that $54,000 is hardly worth sacrificing an education for. School should be her main focus... not earning money. Tell her that if she focuses on educating herself and continues on to secondary education, she'll be able to earn the $54,000 and then some in a single year.
2007-07-29 00:41:11 · answer #3 · answered by rrm38 7 · 0⤊ 0⤋
You haven't mentioned WHY she has this plan. Frankly I think she has a good head on her shoulders. Yes, it will be tough going... but she has a PLAN, which is what too many "young" people are lacking. (I'm over 30, I can say that. :P) If she can keep to her plan, I say kudos to her! This kind of forward thinking will serve her well in the future... and that money will open up opportunities for school and/or a little leeway for career options. I'm assuming she's living at home with no expenses - so this little advance savings will help her get a solid start on her own. Whether she's in over her head or not is irrelevent to me. Give her support and encourage her. If she makes her goal, more power to her. If she doesn't, she will have the chance to see what went wrong and how she can adjust in the future. There is nothing wrong with dreams or plans. Going in with the 'negative' attitude of pre-determined failure is only asking for self fulling prophecy.
2007-07-29 01:09:07 · answer #4 · answered by Kay L 2 · 0⤊ 0⤋
well....did she mention what kind of job she is looking for? or what kind of job she is qualified for? And what's the minimum wages in the city she lives in?
Even if she get a full time job that pays her 28,800, after Federal tax, state tax, local tax, social security, medicare, and other expenses (transportation, food...) what she actually has in her saving will be much lesser than 28,800 for that year.
I am not saying she is over her head, she just needs to plan for it. (Need to know what kind of job she is qualified for, the pay rate they will give her, and how to obtain her goal)
2007-07-29 00:44:28 · answer #5 · answered by Anonymous · 0⤊ 0⤋
yes.. she has to focus on school.. working is good to promote social and behavioral skills so that one day you can incorporate that into the real world.. her main goal should be school.. it sounds like she is planning way into the future.. she should be working to earn some money to be able to spend here and there until she can get a decent job.. then she forgot taxes.. o boy that 56,000 will easily turn into $45,000.. is there a reason she is wanting to save that much?
2007-07-29 00:39:47 · answer #6 · answered by Driva25 3 · 0⤊ 0⤋
Huh? Working 20 hours a week at 14, 1000 hours per year, making 21k. That is 21 dollars per hour.
2007-07-29 02:37:37 · answer #7 · answered by Gatsby216 7 · 1⤊ 0⤋
She should be able to do it, or come close.
Don't forget about taxes!
But that's 5 years of working, and it's very possible to earn that much(assuming you hardly spend a penny)
I say tell her to go for it, and she'll be doing well in life, with a good work ethic.
2007-07-29 00:43:24 · answer #8 · answered by Anonymous · 0⤊ 1⤋
Yes,way over her head.I mean she doesn't even know how much the job is going to pay her.And what,shes still not even 14.Yes she way over her head.
2007-07-29 00:38:44 · answer #9 · answered by Lauren 1 · 0⤊ 0⤋
It may be a bit unrealistic, but I wouldn't discourage her in any way. Learning to make and save money at her age will make her future more financially secure.
Best of luck to her!
~Kyanna
2007-07-29 00:38:30 · answer #10 · answered by Kyanna S 4 · 0⤊ 0⤋