Here goes. I turn 25 in 3 weeks. I always told myself that I would begin investing when I was 25. In the past year, I have evolved into an adult and with that I have more response-ability (not a typo). I am starting to anticipate more goals and I am motivated toward the finer things in life. Therefore, here are some of my investing goals and decisions.
My plan is to take each step very carefully. My ultimate goal: live with a family (3 kids) in the suburbs of San Francisco with 2 cars. My house will be 1 floor (basement and garage) with 4 bedrooms and 2 baths. I want to have 2 other properties in other cities to build equity and make profit simultaneously. Perhaps one is a condo that we use once or twice per month. I want to retire when I am 60 and join a country club when I am 40 years old. The steps I take will be the following:
1. Invest as much as possible into as many types of securities as possible to understand assets and diversification and ROI (2013). Spanish Fluency
2. Build credit and apply for a mortgage (2014), pass series 6 and 63. German Fluency
3. Get a full time job as a planner with benefits in San Diego (base + commission)
4. Work for 2 years (income over $70K, pay down mortgage, and buy an electric car (2017). Chinese Fluency.
5. Find a girl suitable for marriage, provide mom with assisted living community.
6. Have a total of $20K in investments (including equity) by age 30.
In my 30s:
7. Get married (2020)
8. Work on mutual funds, find a job assisting in operations.
9. Have first child (2023).
10. Purchase 2nd property in SF or foreign county (2025).
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