This post may contain affiliate links. Check out the disclosure page to learn more.
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?