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re: What are your realistic 5 year financial goals?
Posted on 3/11/15 at 10:53 am to LSUengineer12
Posted on 3/11/15 at 10:53 am to LSUengineer12
I'm ridiculously addicted to personal financial planning. I am 36, but what have found in the last few years is that it's pretty pointless to plan more than about 3 years out for me. So many things change, for good and bad, that it's essentially a waste of time, even though I really enjoy it.
2
Posted on 3/11/15 at 11:03 am to Sigma
quote:
So many things change, for good and bad, that it's essentially a waste of time
I can't endorse this. You CAN plan for emergencies, you CAN plan for income variations and you CAN do 5-year, 10-year, 15-year, even 30-year planning.
While I agree that the end result is likely to be vastly different in 2050, than it looks in 2015 - but if you fail to plan, you're planning to fail.
quote:
even though I really enjoy it.
That's what we call an "evoluationary advantage" -
Posted on 3/11/15 at 11:05 am to Sigma
Congrats to all of you on very nice money management obviously. I think a lot of savings depends on when you have kids and where they go to school. I had two kids before I was 27 and they are both in private school so unfortunately I don't get to put as much as I would like in retirement.
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