About
September 4th, 2006
Hello and welcome to the site, my name is Matt and I’m 29 years old and this site has been created to chronicle my goal and my progress towards it. The goal is pretty straightforward:
To have more than 1 million dollars in liquid assets by the time I hit my 35th birthday.
The thing is I’m currently in debt and my knowledge of investing and making money is very limited, it has to be if I’m still in debt. So this site will be my sounding board for all that I’ve learnt and my progress. I figure that there are a lot of people like me who are in their mid to late 20s with nothing but a big burning hole in their pockets to show for it.
Now that you know my goal I think you should know what I intend to do to achieve it, first off I need to get myself out of that debt hole that I’m in. This won’t be an easy matter since it’s in the magnitude of $41,300 not including money I owe to my parents. To top this off I’ve got only a few assets approximately $1500 in mutual funds and about $500 in stocks of one sort or another plus $35,000 in a locked in pension that I can’t touch. So as you can see the beginnings of my goal are simple I need to get out of this hole. But on top of that I also need to learn a lot more about investing and figuring out how to increase my assets and have some of my money start making money for me. The good thing is that I do have a decently paying job ($75K per year), which will allow me to get a start on this.
This is my journey to start making money and to learn how to invest. I intend to hit my goal of a million in liquid assets (and just so I’m clear liquid assets to me are assets that can be turned into cold hard cash in a matter of days so it won’t include cars and houses or anything like that). Wish me luck!
Tags: Money, Goals, Assets, Debt
Posted in Uncategorized |
