Personal Finance happens in the backgroud of the rest of my life. I’m also a believer that if you don’t set goals, you have nothing to strive for and it becomes very easy to get off track.
My Net Worth target for the end of 2025 is $455k. These numbers are very conservative. Does not include 2 more paychecks this month and any additional income. $36-$37k with 401k matching, Roth max is about $3k/month. I have no $1400/mo car payment, no $200/mo Equinox membership, two big things I *did* have for a good portion of 2024. This year was unprecedented, I started off at $250k and as of last month was at $385k. It’s unlikely I’m going to see that kind of unprecedented growth. I found this old chart I saved in 2021 and updated it with my current numbers.

What is my 10 Year Plan? A lot of this is income dependant. That depends on how sound my future employment will be and that’s a pretty big if. … Projecting I will hit $1M net worth in the year 2031 but that’s not going to be enough to retire off on and quite honestly being completely retired at 48 sounds unrealistic. I’d still be doing something for income and to keep my mind sharp. Someone I know of in the area is a realtor and 60 years old. Assuming I would be able to keep that kind of momentum between now and then I’d have $3.3M in assets. We could also have a great recession / depression between now and then, who the heck knows…

I’ll do a year in review post in a few weeks like I always do but this is looking ahead. What are your goals for the new year? It’s also past my bedtime. Stay safe, keep on building and comment if you still are around. Randomly curious what Nathan of nathanbw.com is up to these days. Is he still doing wheelies? 😀