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Ever since I've really sat down and starting thinking through what it would take to actually become financially free by 30, I've been dreading to to write out a plan. Just wrapping my mind around what actually needs to be accomplished in these short 5 years scares. the. hell. outta. me.
I'm glad I went to church this past Sunday, because the message was just for me: "Good is the enemy of Greatness". Basically don't be content with just 'good'. Not going to lie, I was almost sold on having a good life - I'm a good employee for a good company making a good salary. I go to church a few times a month so I can be a good christian. I have good relationships with friends and family. I make good pork chops... I want to be great.
Pastor's steps to greatness are Select > Start > See > Seize. I've selected to be financially free by my 30th birthday, so I need to start working towards it. Here it goes...
End of the Year
Year One: 2017
Year Two: 2018
Year Three: 2019
Year Four: 2020
Year Five: 2021
Year Five (1/2): 2022
So there I am 30 years old. No mortgage, no car loans, no credit card debt, $100,000 in savings and $4,600 in monthly rental income. Goal. Met. You're probably thinking I'm nuts and that there's no way I'm going to be able to do all of this in 5 years. Seeing it written out - I have the same thoughts. I know it won't it be this easy or as straight forward because there's too many unknowns. What if my blog takes off and produces income? What if I buy a winning lotto ticket? What if I lose a job? What if interest rates sky rocket? What if one of my flips has a hidden mold contamination? I'd spend 5 years trying to plan and account for every little thing.
This is not meant to be an exact plan of how I am to liberate myself from wage slavery, but more of a guide to keep me on track and to challenge myself to keep pushing.
Shoot for the moon, land among the stars.
Thoughts? Questions? Ideas?
10/30/2016 05:09:01 am
Excellent goals. I am inspired to write out my own now. What are your thoughts on and do you plan on breaking these larger goals down to daily/weekly/monthly goals? I know personally I enjoy setting incremental goals to celebrate the wins throughout the journey of accomplishing the larger goals.
11/1/2016 04:25:47 pm
Thanks Ryan! I haven't thought about breaking them down that far, but maybe it is something I should consider. Might make the whole process seem less daunting. Have you written out some of your goals yet?
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