Tuesday, January 17, 2006

Financial Goals

Long Term Financial Goal

1 - Have $1,000,000 in liquid assets (bonds, mutual funds, stocks, real estate, cash) by the age of 36.

2 - Retire young at 36! This is the hard part - I am a workaholic.

3 - Have both a winter (in a low-cost tropical country) and summer home (in Canada).

Short Term Goal

1 - Purchase a condo or townhouse in Canada by the end of August, 2006.

2 - Purchase a winter home by the end of 2009.

3 - Have a stable third and fourth stream of income by Jan, 2007. This will most likely be accomplished through a home based or on-line business.

4 - Invest $50,000 per year, that's $4,166.67 per month.

5 - Maintain an average of 15% return on all investments.