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re: What are your realistic 5 year financial goals?

Posted on 3/11/15 at 1:27 pm to
Posted by GenesChin
The Promise Land
Member since Feb 2012
37708 posts
Posted on 3/11/15 at 1:27 pm to
23 YO

-When I am 27 have at least $100k in 401k/IRA
-Paid off vehicles for fiance/me (fiance done so far)
-Have emergency fund for 30k
-Have >20% equity in the house fiance will force me to buy that is > than what we need
- >100k income (pretty much guaranteed assuming I get certifications + min average+ annual reviews)



Right now I'm on track for all 5 of those pretty comfortably.
Posted by Salmon
On the trails
Member since Feb 2008
83653 posts
Posted on 3/11/15 at 2:11 pm to
quote:

-When I am 27 have at least $100k in 401k/IRA


man...2008/2009 killed my 401k

I started in 2006, had like $30k in it, then by the end of 2009 it was almost wiped out, basically had to start over in 2010

I'm 30 and don't have $100k in it yet

obviously I have time to recover, unlike a lot of older people on the verge of retirement, but those 2 years killed my initial start
Posted by lsupride87
Member since Dec 2007
96256 posts
Posted on 3/11/15 at 2:17 pm to
quote:

23 YO

quote:

When I am 27 have at least $100k in 401k/IRA

quote:

Have emergency fund for 30k
Mother freakin billionaire pimp here. Are you a pro athlete? Guessing you are because if you can save 130k from 23-27 while still living you must be making bank already
This post was edited on 3/11/15 at 2:19 pm
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