Self-made millionare here I come!
Goal #4: Between my personal net worth and the value of any companies I totally control I have a total worth of at least $1 million by the age of 30.
This goal is self-explanatory, despite being quite a challenge. I’m giving myself 6 years to earn $1 million. That’s an average growth of $166,667 per year! How is this possible? Well, I’ll address the breakdown of this goal into smaller goals in the future, as well as long term financial goals. I strongly believe this to be possible.
So what is your medium term financial goal? To own a home? To have a specific net worth? To max out your retirement funds yearly? Setting these goals is very important if you want to enjoy long-term success. Start with a long or medium term goal, then break that down into shorter and shorter goals. As you achieve you will find each goal becoming easier and easier to achieve. Start setting your goals today!
on December 14, 2005 at 1:59 pm
Permalink
Can I tax you 10% of your income?
brem