Everyone know the most famous pirates were filthy rich-
-Or just filthy.
True, but I prefer to be in the rich category!
Here is my current plan to reach a proper treasure hoard of 1,000,000 doubloons (updated 10/27/2015):
1 – Get my full 5% company match on my 401k (11% total invested) = $8,785.92 Invested Yearly
2 – Build my Motif fund to increase my passive income $250 monthly = $3,000 Invested Yearly + dividends
3 – Contribute 5% of paycheck to Employee Stock Purchase Plan = $3,993.60 Invested Yearly
4 – Save at least $500 per month in general savings = $6,000 Saved Yearly
5 – Sock $1,250 per month for house down payment = $15,000 Saved Yearly Purchased a house, so now socking money into mortgage payments
Altogether, these add up to investing/ saving $21,779.52 over the course of a year.
-That is a decent chunk of dough.
Due to the general uncertainty of life, many random expenses, and (hopefully!) windfalls, it will be very interesting to see how much my net worth really changes over the course of a year.
Here is the list of post so you can follow along on how I’m doing and see each month’s breakdown:
July – The Beginning!: $152,636.20
I hope my numbers will serve as inspiration to all who read my blog!
-You are assuming people read it.
I am certainly hoping so!
Until next time, avast ye scoundrels!
Photo Credit: (c) Piotr Majka Dreamstime Stock Photos