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re: What are your big 2026 financial goals?
Posted on 12/31/25 at 8:27 pm to TheOcean
Posted on 12/31/25 at 8:27 pm to TheOcean
quote:
3. Buy one apartment complex, increase total number of real estate doors to 35 (25 currently).
I’m always amazed by people who say they have regular jobs and own a bunch of properties. I don’t think I could manage rental with my job being as demanding as it is. Do you have any specific insights?
2
Posted on 12/31/25 at 9:11 pm to I Love Bama
quote:
What biz are you in?
Medicine. Primary care but have built a large industrial medicine practice along side my traditional practice. Wife was a pharmacist and owned her own business. Currently have 5 providers working under me.
Have a little dirt work business on the side. Get to buy big, fun toys and write them off, and people get a kick out of their doctor doing manual labor.
Posted on 12/31/25 at 10:34 pm to SmackoverHawg
quote:
Medicine. Primary care but have built a large industrial medicine practice along side my traditional practice. Wife was a pharmacist and owned her own business. Currently have 5 providers working under me. Have a little dirt work business on the side. Get to buy big, fun toys and write them off, and people get a kick out of their doctor doing manual labor.
I need to do something. I want a new sxs and need a new tractor.
I could sell a few hunts and get some cattle but not sure it’s worth the trouble. I spend lots of money per year just taking care of the place and it would be nice to generate some income and write off things I’ll buy anyway.
Posted on 12/31/25 at 10:51 pm to cgrand
Put it in VOO and go fishing. Forget about it.
Posted on 12/31/25 at 11:12 pm to TheOcean
Might start my own firm depending on how certain things shake out.
If I do and it goes the way I think it reasonably could, it could reduce my time to retirement from ~15 years to ~5 years.
I don’t really have any financial goals beyond savings goals which I should be able to hit with relative ease regardless of if I stay or go my own way. I’m a broad market index investor so I always hit my “goal” of at least matching market returns.
If I do and it goes the way I think it reasonably could, it could reduce my time to retirement from ~15 years to ~5 years.
I don’t really have any financial goals beyond savings goals which I should be able to hit with relative ease regardless of if I stay or go my own way. I’m a broad market index investor so I always hit my “goal” of at least matching market returns.
This post was edited on 12/31/25 at 11:16 pm
Posted on 1/1/26 at 6:48 am to GeauxTigers123
It's really not that bad once you get a couple of rentals under your belt. The most important thing is finding the right deal that is close to you. That way, you can be hands-on. Long term rentals are really not that much work if you buy the right property and do the rehab properly.
Posted on 1/1/26 at 6:51 am to SmackoverHawg
16m isn't that crazy -- definitely impressive, though. How old are you? Late 50s?
This post was edited on 1/1/26 at 6:51 am
Posted on 1/1/26 at 9:20 am to TheOcean
quote:
Nah real estate is one of my four non main businesses. We bought our first duplex in 2021 and have been slowly buying more. Managing them isn't bad once you get a few rentals under your belt and you learn the game. It's a lot of putting out fires, but if you can do the work or you have an excellent handyman, then youre good. Hardest part is identifying the good deals
Have had rentals for 25 years. It takes the right mindset. It never bothered me that much, but know of others that stressed over it.
Have you considered new construction? We buy lots, hire builders to build them, then hire realtors to sell them. Each project is short-term. And you get paid a lump sum in a year or so vs smaller amounts monthly. Fewer headaches than rentals. The profit margins vary, so it is not as lucrative is some areas as others. But it works well in growth areas.
Posted on 1/1/26 at 9:41 am to GeauxTigers123
quote:
I’m always amazed by people who say they have regular jobs and own a bunch of properties. I don’t think I could manage rental with my job being as demanding as it is. Do you have any specific insights?
It can be challenging. I worked long hours at my job, but had some flexibility. I would typically work 55-60 hours per week, but could leave early to address rental issues periodically. My team and management knew that I would make it up or be there during critical times. There are many issues that you end up hiring a skilled professional and that can be done quickly once you build up some good contacts. I was fortunate to have a father-in-law that was very handy and willing to help. Once you get enough properties to have decent cash flow, it becomes easier to pay for maintenance vs doing it yourself.
Posted on 1/1/26 at 10:00 am to TheOcean
My Goals:
Pay off two properties in full after only having a mortgage for a couple years. Snowball those monthly premiums to my current home.
Add at least $1M cash to my stock portfolio
Continue to save and surpass $2M cash reserves in the business
Increase donations to my kids schools, the church, and The Oaks.
Add $120K to my kids' 529 plans
Purchase a new car in cash
If all goes well and we don't have a market correction, I finally will accomplish my dream of owning a new Cobalt boat in 2027. My dream for the past 25 years. What I love most is the wife is now pushing for it. I never thought I'd see the day.
Pay off two properties in full after only having a mortgage for a couple years. Snowball those monthly premiums to my current home.
Add at least $1M cash to my stock portfolio
Continue to save and surpass $2M cash reserves in the business
Increase donations to my kids schools, the church, and The Oaks.
Add $120K to my kids' 529 plans
Purchase a new car in cash
If all goes well and we don't have a market correction, I finally will accomplish my dream of owning a new Cobalt boat in 2027. My dream for the past 25 years. What I love most is the wife is now pushing for it. I never thought I'd see the day.
Posted on 1/1/26 at 10:01 am to TheOcean
quote:not have anymore children.
What are your big 2026 financial goals?
Posted on 1/1/26 at 10:18 am to TheOcean
Stop wife from buying shite.
Continue to play catchup, continue to pay cash for kids’ college (two of them).
Commit to investing two thirds of wife’s bonus (110k before taxes).
Max 401ks.
Dont buy a new car.
Continue to play catchup, continue to pay cash for kids’ college (two of them).
Commit to investing two thirds of wife’s bonus (110k before taxes).
Max 401ks.
Dont buy a new car.
Posted on 1/1/26 at 10:21 am to MrSpock
quote:
Rumblings out there that 2026 may be a down year and 10%+ may be ambitious.
JP Morgan, Morgan Stanley, and Scott Bessent all predicting big US GDP gains, particularly in the back half of the year. Onshoring and tax returns should beef up investment. 2026 could be a blowout year
Posted on 1/1/26 at 10:25 am to cgrand
quote:
i just need to make $500,000 in unrealized gain until i turn 65 (5 years including 2026) and then i'll be golden. that is on $1.5MM actively invested
Extremely doable for you baw. That’s almost passive, if I’m understanding you correctly. $500k/5 yrs on $1.5MM day 1 investment? Even if you’re spending the $100k every year
Posted on 1/1/26 at 10:45 am to TheOcean
quote:
Nah real estate is one of my four non main businesses.
What are your other businesses? Aren’t you a lawyer? How do you do all of this?
Posted on 1/1/26 at 11:20 am to TheOcean
Significantly improve the financial understanding for our kids.
Volunteer more.
Remodel garage at our lakehouse. We use it as a game room and plan to finish it out so that it assesses at same price/ft as rest of the house.
Address my aging body more by strengthening lower back and hips
Earn enough income from my investments so that I do not need to withdraw any money from my 401k
401k balances grow by 10%
Volunteer more.
Remodel garage at our lakehouse. We use it as a game room and plan to finish it out so that it assesses at same price/ft as rest of the house.
Address my aging body more by strengthening lower back and hips
Earn enough income from my investments so that I do not need to withdraw any money from my 401k
401k balances grow by 10%
Posted on 1/1/26 at 11:54 am to TheOcean
quote:
How old are you? Late 50s?
51
Posted on 1/1/26 at 2:45 pm to Upperdecker
yes I need to turn the 1.5MM into 2MM by the time I turn 65 (5 years). But that’s with spending 100-150K ea year to live and play. Then I’ll have 3MM total plus the house to make it until 80. After that who the frick knows
Posted on 1/1/26 at 3:25 pm to TheOcean
Wish I was anywhere close lol…
I’d like to actually increase, not decrease, my savings.
Laid off 4 years ago, and now make about $30k less
Mortgage and one car note.
Braces (0%) which will be paid off soon but swapping that note for a soon to be 16 yo son on an auto
$150 sorority per month for daughter
$4k a year for her tuition
All to say not heavy debt, but cut in income and inflation these last few years starts adding up
Anybody know of a side hustle to make $10-15k a year, lemme know! Lol
I’d like to actually increase, not decrease, my savings.
Laid off 4 years ago, and now make about $30k less
Mortgage and one car note.
Braces (0%) which will be paid off soon but swapping that note for a soon to be 16 yo son on an auto
$150 sorority per month for daughter
$4k a year for her tuition
All to say not heavy debt, but cut in income and inflation these last few years starts adding up
Anybody know of a side hustle to make $10-15k a year, lemme know! Lol
Posted on 1/1/26 at 5:17 pm to Upperdecker
quote:
JP Morgan, Morgan Stanley, and Scott Bessent all predicting big US GDP gains, particularly in the back half of the year. Onshoring and tax returns should beef up investment. 2026 could be a blowout year
You might be right.
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