Ezra S's career plans

My Plan for a Successful Life

By Ezra S.

Interests• I love debating with people and coming up with solutions.• Also, my Dad is a lawyer so I get a lot of knowledge from him on being a lawyer. I think it is very interesting.• In addition, I like working with people.• I am very interested in business and by becoming a lawyer I might also get to work with large companies.• Finally, I enjoy learning about the law.

Values I value my family very much. I also value education; it is important for

me to go to a good school. Also, my Jewish religion is very

important to me. I value my tradition. I know that it is my obligation to give

charity as a Jew.

Goals My goal is to first go to The University of

Maryland. Next, I want to go to Michigan Law

school and hopefully pass the bar exam. I will become a professional labor and

employment lawyer. I will start a family in Baltimore. I will work as a lawyer for 40 years.

Goals: Tuition To pay for college, my parents will contribute

some money; I will use some of the gift money from my Bar Mitzvah. Also, I will work part time for the company Radio Shack. A part time employee there makes $10 to $12 an hour.

The tuition for Maryland per year is $17,278. To pay for Michigan Law School, my parents

are going to contribute a lot of money. Also, I will get some student loans. To make some more money I will work part time helping out around a law firm.

The tuition for one year is $48,212.

Goals: Savings Plan At the University of Maryland, I will set aside

$2,000 (from my $9,000 salary working at Radio Shack) per year to deposit in the bank.

I will also invest in companies to make some extra money which I will add to my bank account.

I will also have insurance on my car so that in case I get in a accident I am covered.

College Life:Degrees

At Maryland, I hope to get a degree in business.

Later, at Michigan Law School, I hope to get a law degree.

Afterwards, I will take the bar exam.

College Life:Budget

Average costs per year* – at The University of MarylandIncome: $9,000

Loans and Parent Money: $20,598Total Funds: $27,598

Tuition: $8,909Room and Board: $9,893Books and Supplies: $1,130Entertainment: $1,500Charity: $100Clothing: $500Food: $2,000Car Insurance: $1,566Car: $2,000Total Costs: $27,598, Savings: $2,000

*Note: Not including taxes.

College Life: Lifestyle I will live on campus at Maryland. I will purchase supplies and necessities using

the money I earn working part time at Radio Shack.

I will try to keep my variable expenses low so that I can save.

At Maryland I will study hard so I can get a degree in business.

Career: Lawyer After college, I want to work full time as a labor

and employment lawyer in Baltimore. Lawyers make about $112,760 per year. The demand for lawyers in the U.S. is dramatically

rising giving me a good chance to land a job in Baltimore.

Lawyers represent individuals, businesses, or government agencies on legal issues. They advise clients, present facts, type legal documents, or interview the opposing side to win a case. Lawyers argue and apply the law to issues in order to help their client win the case.

Career: BudgetAverage costs per year*

Income: $112,760Total Funds: $112,760

Mortgage: $27,600Food: $8,000Clothing: $1,300Car Insurance: $1,566Car Insurance: $1,566Car: $3,000Car: $2,000School Tuition: $16,250School Tuition: $16,250Charity: $6,000Entertainment: $6,000Total Costs: $89,532, Savings: $23,228

*Note: Not including taxes.

Career: Lifestyle I will start a family in Baltimore with two

children. I will cut back on variable expenses so I can

start to save for my children’s college tuition. I will work as a lawyer for the company

Jackson Lewis for 40 years. I plan to buy a decent size house in

Reisterstown. I hope to send my children to Beth Tfiloh.

Career: Savings Plan Every year I will put $23,228 in the bank. I will put most of this money towards my

children’s college tuition fund and my retirement.

The rest of this money my family will have in case of an emergency.

Websites I Used* http://www.bankrate.com/calculators/mortgages/mortgage-calcul

ator.aspx

http://data.bls.gov/search/query/results?cx=013738036195919377644%3A6ih0hfrgl50&q=Labor+and+Emploment+Lawyer

https://www.bethtfiloh.com/podium/default.aspx?t=137855

https://sales2.geico.com/internetsales/iSnapPreQuote.xhtml?execution=e1s13&pg=iSnapPayPlansView

http://www.publicpolicy.umd.edu/admissions/tuition-fees

http://www.law.umich.edu/currentstudents/financialaid/Pages/tuition.aspx

*Note: All websites visited December 2, 2012.