Cash Color

My Personal Finance Blog

Aug
04

My Goals

Posted by Cash Color

Short-term Goals

  1. Save RM65k in CD by Feb 2009. This amount is allocated the down payment for buying property. (Achieved: Feb 2009)
  2. Buy insurance by Mar 2009 in anticipation of buying a property in May 2009.
  3. Earn a side income of RM6,000/mth by Apr 2009.
  4. Buy a property in May 2009. (Timing is flexible though.)
  5. Earn a side income of RM8,000/mth by Jul 2009. Quit my job once this threshold is achieved.
  6. Side income of RM10,000/mth by Oct 2009.
  7. Trade up the value of my stock portfolio from RM8k to RM16k.

Long-term Goals

  1. Have a net worth of RM300,000 by year end 2012.
    2009 : RM36,000 (Achieved: Sep 2008)
    2010 : RM96,000 (Achieved: Aug 2009)
    2011 : RM180,000
    2012 : RM300,000
  2. Buy a commercial property or a second residential property by 2011.
  3. For every child born, buy a residential property as a proxy to savings for education fund.

2008 Short Term Goals Performance Review

  1. My First Hundred Thousand | Cash Color said,

    [...] Goals [...]