Comments on: Defining My Long-Term Financial Goals … What Are Yours? http://www.thesimpledollar.com/2006/11/10/defining-my-long-term-financial-goals-what-are-yours/ Financial talk for the rest of us Sat, 16 Feb 2013 01:14:45 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: Maureen http://www.thesimpledollar.com/2006/11/10/defining-my-long-term-financial-goals-what-are-yours/#comment-405008 Maureen Wed, 29 Oct 2008 18:31:30 +0000 http://www.thesimpledollar.com/2006/11/08/defining-my-long-term-financial-goals-what-are-yours/#comment-405008 Hey trent,

I really like the way you set these goals out. I often find myself flipping between goals financially and therefore only have a rough idea of what to do.

I am 20 years old, with debts from university (at a very low rate – lower than many savings accounts because I’m in England) and savings of £8000. Apart from my student loan I don’t have any debts. I would like to know what a realistic networth for me is at age 30. I don’t graduate for another two year and I plan to go into the financial sector possibly dealing with corporate finance or investment banking. I also want to hold £30,000 in premium bonds (an investment scheme run by the government in the UK) and also would like to put a deposit on a house before I’m 30. What do you suggest?

]]> By: Ken http://www.thesimpledollar.com/2006/11/10/defining-my-long-term-financial-goals-what-are-yours/#comment-43147 Ken Thu, 05 Jul 2007 17:21:41 +0000 http://www.thesimpledollar.com/2006/11/08/defining-my-long-term-financial-goals-what-are-yours/#comment-43147 Great thought process, however, a lot of details have been left out, raising a lot of questions. There is no mentioning of any expenses- those do go up, and will go up, and that needs to be factored in into the equation. Expenses often oupace increase in wages, then your whole plan is a toast.

Good luck finding a home for $160K, maybe in your area everything is cheap. How about car payments and insurance- you cant expect a car to last 25 yrs.

]]> By: Keith http://www.thesimpledollar.com/2006/11/10/defining-my-long-term-financial-goals-what-are-yours/#comment-18219 Keith Sat, 14 Apr 2007 21:45:03 +0000 http://www.thesimpledollar.com/2006/11/08/defining-my-long-term-financial-goals-what-are-yours/#comment-18219 “my job guarantees a pension based on years of service – they pay a separate financial institution to provide this pension”

Good luck with that ;)

]]> By: Chris http://www.thesimpledollar.com/2006/11/10/defining-my-long-term-financial-goals-what-are-yours/#comment-291 Chris Sun, 26 Nov 2006 10:30:53 +0000 http://www.thesimpledollar.com/2006/11/08/defining-my-long-term-financial-goals-what-are-yours/#comment-291 Nice article. It rounds up almost everything to consider.
I guess the most important thing is just, that you get started.

Interest and time is on your side! ;-)

Cheers,
Chris
http://www.nomad4ever.com

]]> By: Golbguru http://www.thesimpledollar.com/2006/11/10/defining-my-long-term-financial-goals-what-are-yours/#comment-156 Golbguru Sat, 11 Nov 2006 06:06:59 +0000 http://www.thesimpledollar.com/2006/11/08/defining-my-long-term-financial-goals-what-are-yours/#comment-156 Good plans. Make sure you update your goals frequently to account for your changing financial situations. For example, if you get a raise or start earning more on another job, you should immediately update you net worth and savings goal :)…yeah sort of what Sun says above.

]]> By: Sun http://www.thesimpledollar.com/2006/11/10/defining-my-long-term-financial-goals-what-are-yours/#comment-155 Sun Sat, 11 Nov 2006 03:14:48 +0000 http://www.thesimpledollar.com/2006/11/08/defining-my-long-term-financial-goals-what-are-yours/#comment-155 It’s indeed a great, detailed plan and realizing these goals definitely requires lot of financial displines. As you making progress towards your goals, you may find that they are actually not that difficult to achieve. Therefore, revisiting your goals every year to keep them updated makes sense.

]]> By: Quentin http://www.thesimpledollar.com/2006/11/10/defining-my-long-term-financial-goals-what-are-yours/#comment-148 Quentin Fri, 10 Nov 2006 23:10:19 +0000 http://www.thesimpledollar.com/2006/11/08/defining-my-long-term-financial-goals-what-are-yours/#comment-148 Excellent idea to have long term goals…..and don’t worry about having to be flexible with those that are further out…..that’s the way live is.

Having kids will only mean you will add them to the lost of goals and objectives.

Have fun….

]]> By: The Divine Miss M http://www.thesimpledollar.com/2006/11/10/defining-my-long-term-financial-goals-what-are-yours/#comment-147 The Divine Miss M Fri, 10 Nov 2006 22:56:17 +0000 http://www.thesimpledollar.com/2006/11/08/defining-my-long-term-financial-goals-what-are-yours/#comment-147 Funny that you’re blogging about this – today is my 29th birthday, and I’ve spent some time today thinking about the goals I want to accomplish by the time I turn 30. I think your goals are admirable – I’m trying to focus more on short-term goals right now. But good luck!

]]> By: dimes http://www.thesimpledollar.com/2006/11/10/defining-my-long-term-financial-goals-what-are-yours/#comment-146 dimes Fri, 10 Nov 2006 22:10:22 +0000 http://www.thesimpledollar.com/2006/11/08/defining-my-long-term-financial-goals-what-are-yours/#comment-146 It’s great to have long term goals, but what not-directly-financial things will affect these goals? Do you plan to have any more children? What sort of career does/will your wife have? Are you likely to move somewhere else? Have you accounted for possible setbacks, such as a job loss or injury?
I guess the biggest of those questions would be the child issue. Otherwise, your goals sound ambitious, but not unreasonable. Please keep us posted on your progress!

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