It’s time to get serious about these personal financial goals, beyond “try to save $5M for retirement and fail because that’s near to impossible on $100k a year.” Below, I’ve prioritized my top 10 goals in life, tied to personal finance. It’s good to make one of these lists every five years are so to make sure you have your personal priorities in order before making any life decisions.
- Contribute to a series of successful startups or projects from the ground up.
- Found my own company/product that helps people (potentially a health or finance product) or own a brick & mortar business.
- Understand that business well and make a few million dollars off of that business or product.
- Have a large circle of friends with a small number of close ones that I see frequently and can travel with.
- Travel around the world – there is so much I haven’t seen yet. I want to live a long life and when I’m on my deathbed, smile at the memories of all the places I’ve been.
- Rent or own a property where I can feel like it is my “home” and decorate accordingly.
- Have enough money where I can start to give freely instead of being an inconsistent miser.
- Raise a family of healthy, well adjusted children who have great self confidence without being pretentious. Potentially take time off when my kids are young.
- Nurture a successful and happy marriage – till death do us part. Love relentlessly. Compromise. Stay young and laugh together always.
- Have enough money for early retirement so when I get to 50/55 if I want to I can stop working and travel the world painting *or* I can found another company without the risk of going broke.
Ok, so how do I frame my life and my investment portfolio to meet these goals?