Wednesday, June 4, 2014

Financial goals

I have achieve some in my 2013 short term goals, although it was a strong bull in 2013, and average index grew by about 30 %.

Now is already June 2015, and I am 28 while I am writing this blog, just days before my 29th birthday. 

I am writing this post in a rented room, with a huge calculator next to me, my scrap book on my left, and a book on my right. I am wearing my favourite pyjamas, preparing to sleep. Before I do sleep, I would like to list down my financial goals for the coming 15 years. Although it sounded like a saving plan, I guess I just need to start from somewhere.

So there it goes. 
  • $1000/ monthly savings from age 29-33
    • With  1000 monthly savings for 5 years, 2% compounded annually. I will get $107k by end of 33 years old
  • $1300/monthly savings from age 33-38
    • With 1300 monthly saving for 5 years, 2 % compounded annually, I will get $200k by end of 38 years old
  • $1700 /monthly savings from age 39-42
    • With 1700 monthly saving for 5 years, 2 % compounded annually, I will get $327k by end of 42 years old








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