You can check in with the first 20 years here.
So I finally landed my first “real” job. A full time job. This job was in the retail world, and you know, it was ok. I stated at min wage, and I think I was around $2-3 more by the time I left, which was about 2 years later. After working there for 2 years I started looking to move on elsewhere. It took me almost a year, but I found a new job. Side note here, I left on good terms, and this came back to benefit me a few times over the next 5 years or so. I was very excited with my new job, it had better working hours and a 40% raise (about 24K a year)!!! Yahoo. This was the big time. Well that lasted about a year and I decided I wanted to head back to school to get a degree. The job wasn’t really what I wanted to do for the next 40 years, and I tired applying elsewhere but many of the good jobs seemed to require a degree. Also, the money was ok, IF I wanted to have 3 roommates and drive my 10 year old car for the rest of my life.
I figured a business degree was about right, I always liked math/numbers, was always interested (haha) in interest rates, and what the Canadian dollar was worth vs the US dollar, but didn’t really know what it meant. Plus I figured having a business degree may help me start my own business someday if necessary. So I actually started to save a bit of money and by the time school started 10 months later, I had almost $2,000 saved. I was impressed. However I still had my student loan and my student line of credit from my previous attempt.
Estimated net worth at 24 before going back to school: -$2,000
So I did it. I went back to school at 24. Did I feel out of place? A bit, but I didn’t care. I was going to do this. And I did. I really focused on my school work and 4 years later I got my business degree with great marks. What about the financials? I keep this brief and say that I worked full time during my summers off (including one summer at my original retail job, glad I kept that bridge) and I also worked part time during the school year, I even put in a few full time weeks a few yeas during the early part of the semesters, and Christmas and March break. I will also note that one summer I worked 2 part time jobs so I was working over 50 hours per week that summer. So why all the student loans? As you can see, working, and getting money was not the issue, saving money was the issue. While I never had great paying summer jobs, most were $2-$3 above min wage, pretty decent for summer employment in my mind. And I recall my goal at the end of the summer was to have about $2000 saved for the school year, some years I did this, others I did not, and it was no big deal if I had that or not because student loans would over most of my costs, and if they fell short, then the credit card would be used to cover any shortfall. I think had a balance of about 2K owing on my credit card when I graduated at the age of 28. Then there was my student loan, so close to $40,000 that to call it anything else would be a slap in the face.
Once I graduated I was ready to move on to the real working world! Stay tuned to see how that turned (is turning) out.
Estimated net worth at the end of school : -$38,000