Sunday, March 20, 2011

What do I hope to achieve in the next 20 years?

Currently, I have managed to generate a passive income that covers 61% of my expenses and my net debt has reduced to $28,000. The below are what I wanted to achieve in the next 20 years:

Next 5 years
I hope to generate a passive income that covers 80% of my expenses and my net debt to be reduced to $0.

Next 10 years
I hope to generate a passive income that covers 100% of my expenses.

Next 15 years
I hope to generate a passive income that covers 120% of my expenses.

Next 20 years
I hope to generate a passive income that covers 150% of my expenses. I hope to retire by then if possible.

2 comments:

Temperament said...

Next 10 years
"I hope to generate a passive income that covers 100% of my expenses."

At this time, you will be in wealth accumulating phase if you have zero debt. You will surprise yourself how fast you will be a millionaire, no need to wait another ten years if you can stick to zero debt.
I also wish to be in your position. Ha! Ha!

Freedom Achiever said...

Hi Temperament,

Ya, targeting zero debt and wealth accumulating is my main objective as of now.

Regards
Freedom achiever

Have you started your journey towards financial freedom?

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