Aug
04
04
My Goals
Posted by Cash Color
Short-term Goals
- Save RM65k in CD by Feb 2009. This amount is allocated the down payment for buying property. (Achieved: Feb 2009)
- Buy insurance by Mar 2009 in anticipation of buying a property in May 2009.
- Earn a side income of RM6,000/mth by Apr 2009.
- Buy a property in May 2009. (Timing is flexible though.)
- Earn a side income of RM8,000/mth by Jul 2009. Quit my job once this threshold is achieved.
- Side income of RM10,000/mth by Oct 2009.
- Trade up the value of my stock portfolio from RM8k to RM16k.
Long-term Goals
- 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 - Buy a commercial property or a second residential property by 2011.
- For every child born, buy a residential property as a proxy to savings for education fund.
[...] Goals [...]