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Howdy Just call me Rikki.... My goal is to Semi-retire by 50 which gives me 15 years, I'd like to work longer but on my own terms like 20 hours a week or so....
I am married, have 1 child and 1 on the way. Avg income is around 90k per year, I was fully self employed as an IT consultant for 6 years and just went to work for one of my clients full time with a little consulting on the side. We have 60k in land holdings 50k in hme equity, 20k bank savings, and 60k in IRAs and a couple thou in a brokerage account. Total debts are 80k including the mortgage and 1 car (no credit card or other debt).
My goals for the remainder of this year are...
Net worth $125k
Start 529 or coverdell for child 1
Max SEP and IRA
Pay off car
For 06
Net worth $200k
Max IRA and 401k (company matches 7%)
30k in savings
Start 529 or coverdell for Child 2
Buy first investment property
For 07
Pay off home! be debt free
Net worth $325k
I'll be hanging out here, any tips or additions to the above would be greatly appreciated.
Rikki
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