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re: What are your realistic 5 year financial goals?
Posted on 3/11/15 at 12:04 pm to LSUengineer12
Posted on 3/11/15 at 12:04 pm to LSUengineer12
Simple, continue to grow my net worth. Since i started tracking in 2011 my CAGR is 22%. Can't expect to maintain that much growth, but anything over 14% or so will be ok.
1
Posted on 3/11/15 at 12:19 pm to jmtigers
Currently 28, so by 33-35-ish:
$500k net worth
$200k+ 401K, and maxing contribution plus additional
New home ("forever" home). At least $100k equity in this as well.
$75k in investments. Hopefully more, but we'll see how these others contribute.
Contribute to Roth as long as eligible. Then consider backdooring into it.
$10k in son's college savings (investments).
Try to find side business/income. Either rental/real estate, car sales, drafting, start a business, etc. Something. I think I have more to offer than where I'm at now.
Potentially be in a place for wife to quit working/retire. If she can work a few more years after this, will be eligible for partial pension.
Recently convinced wife and regained control of spending. Minus trips, have cut spending in half. She also started side business making money.
$500k net worth
$200k+ 401K, and maxing contribution plus additional
New home ("forever" home). At least $100k equity in this as well.
$75k in investments. Hopefully more, but we'll see how these others contribute.
Contribute to Roth as long as eligible. Then consider backdooring into it.
$10k in son's college savings (investments).
Try to find side business/income. Either rental/real estate, car sales, drafting, start a business, etc. Something. I think I have more to offer than where I'm at now.
Potentially be in a place for wife to quit working/retire. If she can work a few more years after this, will be eligible for partial pension.
Recently convinced wife and regained control of spending. Minus trips, have cut spending in half. She also started side business making money.
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