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re: What are your realistic 5 year financial goals?
Posted on 3/11/15 at 12:30 pm to LSUengineer12
Posted on 3/11/15 at 12:30 pm to LSUengineer12
If I can have a net worth of around 300k at 30, then that seems like a good goal.
Life changes things though - MBA debt takes 100k out of that number, marriage would take a dent for the ring, and kids drastically would change the scenario.
I honestly do not need a 5 year plan. I save at huge rates and can wrap my head around the current 12 months much easier than try to predict life on a time horizon that is arbitrary and will see major life changes happening.
Saving around 30% of gross income is where I would like to stay.
Home ownership is not on my plate right now and I like the flexibility of renting.
Life changes things though - MBA debt takes 100k out of that number, marriage would take a dent for the ring, and kids drastically would change the scenario.
I honestly do not need a 5 year plan. I save at huge rates and can wrap my head around the current 12 months much easier than try to predict life on a time horizon that is arbitrary and will see major life changes happening.
Saving around 30% of gross income is where I would like to stay.
Home ownership is not on my plate right now and I like the flexibility of renting.
This post was edited on 3/11/15 at 12:42 pm
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