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One of the paths to reach my 5 year goal

August 24th, 2015 at 10:38 pm

Hi all

Contemplating HOW I am going to reach those goals on the left by 6/18

Tentative thoughts
1. Payoff 3 units 6-2018. requires $69k. I plan to save $1750 a month in a separate account starting next month
2. Retirement investments.. requires $200k more in 33 months. That is $6060 savings a month. I will set as my goal starting next month (to average that). this wil include credit for 401k contributions
3. owe under $100k on house--no ideas yet
4. income of $8000 NET a month. will need to raise rents/cut costs and possible get another house in thre or income stream or something

I will start posting these goals so I can work towards them

Seem pretty impossible now but impossible does happen

Goal 6/2018, $100k left on house, $8k net monthly income (passive) and $400k investments (goal WAS $300 k. raised it to $400k today)

1 Responses to “One of the paths to reach my 5 year goal”

  1. ceejay74 Says:

    I think it's a good idea to aim higher than you think you can go! Whether or not you make that exact timeline, it will keep you driven, and you can always tack on another 6 months at the end if you're not quite there.

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