My Financial Goals
2 years
–
Pay off $7000 of School Debt.
–
Have 1000 dollars in savings
–
Have a small personal business (I don't want to
share my business idea.)
–
Have one child.
Strategy
Make and
follow a monthly budget. Never miss a
month.
Network
Find and
Qualify for good paying internships. I want the one in California.
Continue
being frugal in my expenditures.
Spend money
on assets and things that can produce income.
Save a bit
of money to start the business.
5years
–
Enter into a 401K plan with my future job.
–
Have 5000 dollars in savings.
–
Grow the business.
–
Make around $70,000 a year from full-time job
and business.
–
Invest 1000 dollars in an SP 500 mutual fund.
–
Have another car for my wife and me.
–
Have 2 Children
Strategy
Continue to
follow a monthly budget. Never miss a
month.
Continue
being frugal in my expenditures.
Obtain a job
as a Long Term Facility Head Manager or CEO.
Pray for
revelation as to which lot to buy and which business opportunities to take.
10 years
–
Buy a lot and start building a home on it.
–
Make 90,000 or more dollars a year
–
Invest into college plans for children.
–
Have 4 children
–
Take out a loan for a $150,000 house ( I
estimate that the payment will be 800 dollars a month)
Strategy
Continue to
follow a monthly budget. Never miss a
month.
Continue
being frugal in my expenditures.
Move up to a
new position at work because of hard and smart work.
40 years
–
Be ready to retire and serve the Lord on
missions with my beautiful wife.
–
Invest enough money to retire with 70,000 a year
just from interest.
–
Have a beautiful home with gardens and
greenhouses.
Strategy
Live the word of wisdom
Invest larger amounts into the 401K and make sure the company
has a match up to 5%.
This is amazing, Tyler! You see, I’ve read somewhere that you should prepare to earn less after 40. It said that we have nowhere to go but up until we hit 40. But if you can carry out this plan -- invest more than spend on temporary pleasures -- I’m sure you can probably punch a hole through the ceiling. :] -->Jaden Allred
ReplyDeleteYour financial plan is great, but I suggest creating more specific plans and objectives. I mean, try to produce particular financial actions that you want to make and happen. With this, your target course will be clear and easy to track. Good luck and keep it up, Tyler! :]
ReplyDelete- Brooke Claudio