I’m 18 and have no clue what I’m going to do after high-school.

Submitted by sethenvy-27 t3_11dulhc in personalfinance

I apologize this for being so long. If you have the time or any advice I’d truly appreciate it.

I (18M) will be graduating in roughly 5 months. I currently have about 20,000 in my HYS and 500 in my checking. I own various assets worth roughly 5,000$ combined (vehicles and parts for said vehicles) I plan on selling these items before graduating. To have about 1000$ in my checking s and the remainder will go into my HYS I have no bills except eating out which I do often and other things I buy for myself. My car is payed for and I don’t pay for insurance. I have my own side business that I make 250-1000$ a month from and a standard job making 500-1200$ a month from. I try to save away absolutely all my money I don’t “need”.

I plan to go to a lineman college (trade school) after High School which will last roughly 4 months with no income. I’m currently undecided on which program I want to attend but prices range from 10,000-25,000 with all expenses included (food, travel, housing, etc..) depending on which program I go with. Would it be smart to take out a loan on the schooling to not only build credit but to also be able to have emergency funds instead of paying for the schooling up front?

I hope to make a California gross income of 55-70k when I graduate and start saving instantly to buy a home. What can I do to set myself up for that?

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[deleted] t1_jaay01z wrote

[deleted]

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sethenvy-27 OP t1_jaay3j8 wrote

Any places that will pay while getting taught?

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Worried_Welder2427 t1_jaawbm2 wrote

I'm a stationary engineer, refrigeration, hvac, electrical.

Just work...all you can. Plan and organize.

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da1dp t1_jaayvaq wrote

All I can suggest at your age, pivot ASAP if you don’t find you like something and if it won’t make you happy for the long run. Even if it costs some good cash to pivot. Fail fast and move on to the next thing until you find the right fit. The earlier you do this the better. If you nail it on the head the first time, then Props to you! Asking these questions already says a lot! I’ve met some very happy linemen making big bank…good luck to you!

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ChemtrailDreams t1_jab99mr wrote

One thing you should do is subtract all the costs from your side business and then see what the profit is, including gas, travel, subscriptions, quickbooks, etc. I'm guessing 250-1000 is before you subtract all your costs for that business.

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sethenvy-27 OP t1_jab9k8d wrote

It’s a labor job so gas is the real only cost and I’d say it’s under 100$ a month total. It’s nothing major just local lawn work sorta jobs

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ChemtrailDreams t1_jabam21 wrote

That's awesome, make sure you subtract boots and gloves and stuff but it seems like you're on track there. Also make sure you're filing taxes properly for it but I assume you know about that.

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MarcableFluke t1_jabcld1 wrote

>I hope to make a California gross income of 55-70k when I graduate and start saving instantly to buy a home. What can I do to set myself up for that?

Look East; because $70k per year will get you nothing anywhere near the coast.

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