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re: What are your realistic 5 year financial goals?
Posted on 3/11/15 at 11:04 am to Fat Bastard
Posted on 3/11/15 at 11:04 am to Fat Bastard
The amount my chick spends is shocking.
She comes from money and that is a bit concerning for me.
Nails here, hair there. Money just vanishes like a fart in the wind.
She comes from money and that is a bit concerning for me.
Nails here, hair there. Money just vanishes like a fart in the wind.
0
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.
Posted on 3/11/15 at 11:06 am to Fat Bastard
I am 25.
When I am 30 I hope to have:
$35,000 liquid savings
$80,000 in investments
No debt
Right now I have:
$13,000 in liquid savings
$23,000 in investments
$4,200 debt
When I am 30 I hope to have:
$35,000 liquid savings
$80,000 in investments
No debt
Right now I have:
$13,000 in liquid savings
$23,000 in investments
$4,200 debt
This post was edited on 3/11/15 at 11:08 am
Posted on 3/11/15 at 11:06 am to LSUengineer12
I'm 31
Pay off main residence, 120k
Additional 120k to 401k, roth, 529, and Brokerage
Pay off Real Estate Investment 40k remaining
Additional Real Estate Investment and/or Business Partnership.
Maintain Emergency Fund at 50k
Pay off main residence, 120k
Additional 120k to 401k, roth, 529, and Brokerage
Pay off Real Estate Investment 40k remaining
Additional Real Estate Investment and/or Business Partnership.
Maintain Emergency Fund at 50k
Posted on 3/11/15 at 11:06 am to LSUengineer12
quote:
Well I'm set to be married in a year. Two incomes, so expenses are cut in half.
Posted on 3/11/15 at 11:06 am to LSU1018
High Maint chicks....yea those got kicked to the curb quick 
Posted on 3/11/15 at 11:10 am to Eric Nies Grind Time
Exactly.
Posted on 3/11/15 at 11:11 am to LSUtoOmaha
Young bucks doing work up in here bitch!!!!!
Posted on 3/11/15 at 11:12 am to sonoma8
Awesome plan baw. Keep it up!!!
Posted on 3/11/15 at 11:14 am to LSUtoOmaha
quote:
$13,000 in liquid savings
$23,000 in investments
$4,200 debt
Any particular reason you carry 13k liquid and not pay off the debt?
Just asking...
Posted on 3/11/15 at 11:15 am to Eric Nies Grind Time
quote:
Eric Nies Grind Time
HAHAHA.
Posted on 3/11/15 at 11:19 am to Ace Midnight
quote:
Posted by Ace Midnight 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.
Oh I do this, for sure. Ha. I'm just saying target numbers are mostly useless, apart from telling you an effect, of sorts, of your current saving pattern.
I have all the usual targets, but they are more yearly. Outside of basic things like having no debt, comfortable emergency fund, and a minimum of 15% toward retirement, I don't plan much. I suppose if I didn't already have those things I'd have more target numbers to hit.
Posted on 3/11/15 at 11:20 am to Ace Midnight
You're 62 right??
Posted on 3/11/15 at 11:22 am to Eric Nies Grind Time
Lol damn man, y'all must have had some bad experiences.
Posted on 3/11/15 at 11:23 am to Fat Bastard
22, almost 23, so I'll lay out a plan for what I want by my 28th bday.
$35k in ROTH (hard to guess since we may hit a bear market here soon)
$100k in brokerage ($33k now but not contributing; same as above)
Start paying more than minimum on mortgage (about $30k paid off buying price, $100k to go) Will most likely move in about 5 years and would like to have downpayment on larger house come straight from condo equity.
Hope to hit $80k salary by that time as well.
$35k in ROTH (hard to guess since we may hit a bear market here soon)
$100k in brokerage ($33k now but not contributing; same as above)
Start paying more than minimum on mortgage (about $30k paid off buying price, $100k to go) Will most likely move in about 5 years and would like to have downpayment on larger house come straight from condo equity.
Hope to hit $80k salary by that time as well.
Posted on 3/11/15 at 11:24 am to LSUtoOmaha
quote:
When I am 30 I hope to have:
$35,000 liquid savings
$80,000 in investments
No debt
What's your living situation? Do you or will you have a house?
Posted on 3/11/15 at 11:25 am to LSUengineer12
32 years old
In 5 years hope to be settling into our forever home, not sure if we will build or buy
Max Roth for wife and I, as long as we are eligible
10% to my 401k
Wife has state retirement
In 5 years my oldest will be 15, and I still haven't really put much thought into college funding, and it scares me.
In 5 years hope to be settling into our forever home, not sure if we will build or buy
Max Roth for wife and I, as long as we are eligible
10% to my 401k
Wife has state retirement
In 5 years my oldest will be 15, and I still haven't really put much thought into college funding, and it scares me.
Posted on 3/11/15 at 11:26 am to yellowhammer2098
quote:
yellowhammer2098
Killin' it baw! quote:
$100k in brokerage ($33k now but not contributing; same as above)
Was this started for you as a kid?
Posted on 3/11/15 at 11:27 am to yellowhammer2098
Happy for all yall. I had tons of rough times which knocked my dick in the dirt repeatedly. Plenty unforeseen medical bills. Layoffs. Incurred debt due to being in a jam due to the above several times. It puts you way behind the 8 ball. all you can do is get back up and stay the course. Remember you are way ahead of most. Look at what most at your age have planned. Now look at most retirees. STAY THE COURSE.
Posted on 3/11/15 at 11:29 am to Croacka
quote:
In 5 years my oldest will be 15, and I still haven't really put much thought into college funding, and it scares me.
You not doing a 529 or something? Even though Obama tried to hi jack those, seems like a no brainer if you can swing 50-100 a month into one.
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