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Started By
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Your 2021 Financial Goals
Posted on 1/1/21 at 5:01 am
Posted on 1/1/21 at 5:01 am
Lets use this thread to see the progress throughout the year. Taking a conservative approach.
Pay off Debt
3-6 Months of Emergency Fund
Increase salary by 20%
Improve Credit Score
Pay off Debt
3-6 Months of Emergency Fund
Increase salary by 20%
Improve Credit Score
31
Posted on 1/1/21 at 5:16 am to pioneerbasketball
Get my stocks up to 500k at 140k right now.
Sell a boat and atv. Both are paid for but don't get used anymore.
Sell a boat and atv. Both are paid for but don't get used anymore.
Posted on 1/1/21 at 8:57 am to pioneerbasketball
WAITING FOR CHICKEN to go public with IPO of TIGER DROPPINGS
BUY SHARES
PROFIT
BUY SHARES
PROFIT
Posted on 1/1/21 at 9:06 am to pioneerbasketball
Increase number of rentals at similar cap rates as current ones. Expand new business. Diversify more into stock portfolio.
Posted on 1/1/21 at 9:56 am to pioneerbasketball
Make more income than 2020 (sales).
Hit $650k net worth.
Position dormant funds better (laziness the past several years on small retirement accounts in my wife's name that haven't been moved to stocks/funds)
Hit $650k net worth.
Position dormant funds better (laziness the past several years on small retirement accounts in my wife's name that haven't been moved to stocks/funds)
Posted on 1/1/21 at 9:56 am to pioneerbasketball
Grow my business revenue 5x, bring on 2-3 additional employees
Posted on 1/1/21 at 9:58 am to pioneerbasketball
- max out my wife's and my 401K
- invest 100% of my net paycheck and 20% of my wife's paycheck
- budget and track expenses
Really the same as 2020 which we succeeded in. But I anticipate that 2021 will be more challenging as it was easy to keep expenses under control during COVID
- invest 100% of my net paycheck and 20% of my wife's paycheck
- budget and track expenses
Really the same as 2020 which we succeeded in. But I anticipate that 2021 will be more challenging as it was easy to keep expenses under control during COVID
Posted on 1/1/21 at 10:00 am to pioneerbasketball
- Win the lottery
- Hookers
- Cocaine
- Hookers
- Cocaine
Posted on 1/1/21 at 10:33 am to pioneerbasketball
Finish saving the 10k needed for “big vacation” (currently at 6k)
Continue paying off remaining debt (home loan, zero percent car loan, home equity loan)
Increase monthly retirement allocation by 20%.
Continue paying off remaining debt (home loan, zero percent car loan, home equity loan)
Increase monthly retirement allocation by 20%.
Posted on 1/1/21 at 10:38 am to pioneerbasketball
-Cut loan burden in half (remaining half in ‘22)
-20% of gross salary for both wife and I into various retirement vehicles
-don’t ramp up spending post-isolation, main exception being vacation
-20% of gross salary for both wife and I into various retirement vehicles
-don’t ramp up spending post-isolation, main exception being vacation
Posted on 1/1/21 at 10:50 am to pioneerbasketball
Student loans will be paid off this year at which point I will open Johnny Walker Blue bought for just such occasion.
25% increase in stock portfolio.
Max family HSA and both our Roths.
Have enough saved for down payment on our first home.
25% increase in stock portfolio.
Max family HSA and both our Roths.
Have enough saved for down payment on our first home.
Posted on 1/1/21 at 10:57 am to pioneerbasketball
Convince my wife to become an influencer.
Quit my day job.
Quit my day job.
Posted on 1/1/21 at 10:59 am to pioneerbasketball
quote:
3-6 Months of Emergency Fund
I allowed my desires and impulse allow me get my goals out of order. I’ve invested a nice little chunk (for me) over the year in the stock market before solidifying 6 months of all bills in my savings account. I have the total, but larger portion in the market. Sold myself on that idea by taking advantage of the Covid stocks plummeting early in the pandemic. I would get it out and in my account within a week, but I want the amount total in my savings
That’s my first goal, the other is a little more personal but still financial.
Posted on 1/1/21 at 11:12 am to supadave3
Keep doing what I’ve been doing.
Max HSA
Max 401k
Max IRA
Those are the building blocks.
No consumer or student loan debt. Mortgage at 3% so no rush to pay that off.
Getting married so combining our finances is going to be an “objective” for the year. We’ve got a pretty good system right now but just need to combine and close some accounts eventually.
Max HSA
Max 401k
Max IRA
Those are the building blocks.
No consumer or student loan debt. Mortgage at 3% so no rush to pay that off.
Getting married so combining our finances is going to be an “objective” for the year. We’ve got a pretty good system right now but just need to combine and close some accounts eventually.
This post was edited on 1/1/21 at 5:50 pm
Posted on 1/1/21 at 11:34 am to ReadyPlayer1
quote:
Get my stocks up to 500k at 140k right now.
3.5x? Prepare your anus for capital gains
Posted on 1/1/21 at 11:35 am to Puffoluffagus
quote:
Convince my wife to become an influencer.
Can you give us a preview? Consider it an interview for early investors
Posted on 1/1/21 at 12:01 pm to pioneerbasketball
Continue to learn about rentals and try to purchase one this year. Also to purchase some tiger droppings merch.
Posted on 1/1/21 at 12:18 pm to Upperdecker
Only pay capital gains when you sell...
Posted on 1/1/21 at 12:32 pm to lynxcat
Just earn a decent Performance on all accounts without major dips that will result in major stress.
No stress please
No stress please
Posted on 1/1/21 at 12:41 pm to Upperdecker
quote:
3.5x? Prepare your anus for capital gains
Don't mind paying if in the end I still made more after paying then just letting it sit.
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