5 Million Dollars. 10 Years. This is the story of my journey.
You know, the thing about thinking about retirement is that it’s neither a lot of fun nor inspiring. I mean, yeah, I know all about the magic of compound interest, especially when it’s dragged across 40 years. But heck! Who wants to retire at 70? I want to retire when I’m still healthy, when I [...]
Without tracking my progress, there’s no way to tell whether I’m getting closer to my goal, farther, or even staying in place. Therefore I’ve introduced a page that I’ll use to track my net worth. As you can see, I’m still so far away from my goal!
… asked a friend of mine when I told her about this project. My answer was, “Huh?” I don’t get the way some people treat money. Especially her, considering that her Dad is a business tycoon. I would’ve expected somebody growing in an opulent household like her to have a more positive attitude towards money, [...]
You know what they say about goals. They have to be SMARTER. So here’s the SMARTERified version of this goal! Specific: I want to build a net worth of 5 million dollars, within a decade. Measurable: The objective is achieved when I have built a net worth of 5 million dollars. That translates to about [...]
5 Million. 10 Years. A naive way to calculate this would be to divide 5 million with 10 years–so per year I’ve gotta earn around 500 thousand dollars. Which is a joke really, considering my current income level But it’s actually a bit more complicated than that, just like we can see from Paul Lutus‘s [...]