With all the recent celebrations of hitting net worth milestones (1 2 3
), I'm fired up!
Rather than just reflecting on milestones as we happen to pass them, though, let's push ourselves to hit those milestones even faster!
Long term goals is the best way to success, so let's hear your net worth goals.
Here's my Net Worth Stretch Goals:
(Current - June 2013) 400k
1 Year (June 2014) - 525k
2 Years (June 2015) - 660k
3 Years (June 2016) - 800k
That's right, my goal is to double my net worth from 400 to 800 in 3 years. That means I'll have to increase our net worth by ~133k/year. Considering the base gross pay for my wife and I is about 44k each (88k combined), we're short 45k a year.
...and that's if we spend $0. Since we spend about 20-25k, we'll be short about 65k/year. I plan to make that gap up with extra side gigs, rents, and other income. It's a stretch, but it wouldn't be a gauntlet otherwise. (A much more realistic 3-year goal would be 650k instead of 800, and we'll absolutely hit 600k for sure. But that gap between 800k and 600k in 3 years is that same 65k/year gap. Why not go for it?)
Post your current NW and goals you're aiming for, realistic or stretch. Set your own timeframes (6 months, 1 year, 5, 10 years, whatever your goals are).