Through my life what I’ve desired and wanted has changed and went back and forth several time. When I was young I used to say I was going to be a millionaire by the time I’m 21, sadly that only leaves a year and at the rate I’m going that’s way off. As I’ve grown older I’ve came to the conclusion of being more practical. Mainly to be more in line with what the average is, or about $42,000 a year. Now does this mean my desire to be one has gone away? No, just coming to conclusion it’s unrealistic.
So when I am old(er) and I look back at all I done here is the main financial goals I want to have accomplished,
- Own my own house, which is paid off - This is your stereotypical American dream item, only without the mortgage. The greatest thing that could happen in this regard is to pay with cash, but as I’ve said in another post I would really like to pay cash, but that may not be an option.
- Run a successful Business paying good wages - This is my biggest dream is to have a decent company with several employees that will provide me with income for years, plus I’d be doing what I love.
- Have rental properties in the Black - This may be pushing it, but if I manage my money right then it could happen. This would only help to safe guard me against slow months.
- No Debt - When I am looking back I want to be in no debt, although I know I am in debt right now with my Student Loans I want to be out of debt and besides a house and/or business I don’t see myself getting into any more debt.
- Fully funded Retirement - I’ve gotten started with a Traditional IRA from ING Direct (now Capital One 360) and if I can just max this out each year and maybe even look into some type of 401(k) or the likes for my company I should be well off in retirement.
If I get those goals in line then I don’t see myself having very much money problems, now those goals coming true is an entirely different thing.