Financial milestones

Oct 18, 2020 4 Comments

A lot of people set end goals such as FIRE by certain age, but I almost never hear about smaller milestones, wonder if folks don’t even bother setting them? I set one milestone for myself during college, have net worth of $1M by the age of 30. Not that I had any ideas how to get there but I feel it was easier so far than thinking about grinding till 40-50 to earn enough to retire. Now looking back I realize that I hardly had any control over my own net worth growth: stocks and promotions are hard to predict anyway. How do you approach FIRE?

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TOP 4 Comments
  • Amazon
    deathstars

    Go to company page Amazon

    deathstars
    Principles are better then arbitrary numbers.

    1) focus on maximizing earned income
    2) live below your means
    3) invest early and often

    Do those things and you will become a millionaire with plenty of time to spare.
    Oct 18, 2020 0
  • 500k in 401k and 500k in equity by 40 is achievable for most. This would make you a net millionaire.
    Oct 18, 2020 0
  • New
    nBEj25

    New

    nBEj25
    Imagine thinking a millionaires are cool.
    Oct 18, 2020 0
  • Fire milestones are like northstar, however You can never achieve them if you don’t have smaller milestones.
    Now true most of the things are not in your hands but you can make a educated decision of how to achieve your goals.
    True in most cases there is also an element of luck which favors you but one thing that needs to be done is have a plan and stick to it.
    Oct 18, 2020 0