Thursday, January 17, 2013

My 5 year plan...retire by 40

This next year I will get a second job. I will use this income to pay off any outstanding bills, pay off my car, and work on getting my house paid off within the next 2-3 years(24,000 owed). I will invest any and all available money into a variety of accounts/stocks/funds/trusts that will pay out monthly distributions in a manner that will allow me to be paid weekly or even multiple times weekly as each one will pay out at different times of the month, as well as accounting for the two jobs I will have.

When I have my house paid off it is my intention to supercharge my investment strategies with the income used to pay my mortgage. Allowing for compound interest to take hold and do its work I will have investments that are able to produce a sustainable income allowing me to quit my job and travel the world.

These are the goals I have set.

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