Future Career Plan

Personal Trainer Career Path

Overview

Tatum O'Donnell outlines a career plan focused on becoming an online personal trainer, both during and after college.

Job Details

• Role: Online Personal Trainer

• Timeline: During and after college (3-4 years).

• Education: Studying Business and Sports Science in college.

• Demand: High demand, with a projected increase of 14% from 2024-2025.

• Salary: Increasing from approximately $50,000$ to $60,000$ between 2023 and 2024 (according to Zip Recruiter).

Income and Resume Benefits

• Income Estimate:

  • Pessimistic entry-level trainers earn around $40,000$ per year.

  • Entry-level online personal trainers can make around $61,104$ per year.

• Benefits:

  • Easy opportunity for growth.

  • Remote work from anywhere.

  • Potential for 20% annual growth.

  • Ability to automate and outsource simple, monotonous tasks.

Budget Breakdown

• Prerequisite: Saving up 6 months' worth of expenses in an emergency fund before implementing the budget.

• Income Budget Projection:

  • Investment: $30,552$ per year allocated for investments in proven bonds, real estate, stocks, etc.

  • Expenses: $18,331$ for living space.

  • Taxes: $9,165$ set aside for taxes (due to self-employment).

  • "Fun Fund": $3,055$ for entertainment and personal wants, serving as an incentive to increase income.

Food Breakdown

• Monthly Grocery Budget: Approximately $320 - 400$

• Category Breakdown:

  • Carbs: Rice, Potatoes, Oats, Pasta - Approximately $50$

  • Protein: Chicken, Ground Beef, Eggs, Beans - Approximately $180$

  • Greens: Frozen vegetables, Spinach, Cabbage - Approximately $40$

  • Dairy/Fats: Milk, Peanut Butter, Vegetable Oil - Approximately $50$

  • Other: Salt, Pepper, Garlic powder, Soy Sauce - Approximately $7$

Car and Housing

• Car:

  • Used 2008 Chevrolet Impala LS.

  • Price: $995$

  • No accident or damage reported.

  • 3+ Owners

  • Dealer: Shea Chevrolet

  • 18 city / 29 hwy MPG

• Housing:

  • Rental at 1995 S Logan St, Denver, CO 80210.

  • Rent: $765$ per month.

  • Upfront Cost: $1530$ (2 months upfront)

  • 1 Bed, 1 Bath

Monthly Budget

• Monthly Pay: Approximately $5,100$

• Expenses:

  • Apartment: $765$

  • Food: $400$

  • Student Loans: $220$

  • Gas: $200$

  • Insurance: $700$

  • Investment: $2,638$