let’s talk about money, part iii: long-term financial goals and plans

Like most people who’re concerned enough with money that they feel compelled to blog about it, I have a variety of long-term financial goals, none of which are especially groundbreaking and all of which have been written about by smarter people in better formats than on this blog.

However! This blog (and everything else in the world) exists mainly for my own benefit (amirite ladies), and publicizing your goals is supposed to keep you accountable, so here are my long-term financial goals, in excruciating detail:

  • Financially (and practically) assist my mother now, during her retirement, and into her old age
  • Amass enough wealth to comfortably retire before I die
  • Amass enough wealth to comfortably retire before 60
  • Amass enough wealth to comfortably retire before 40(!)
  • Amass enough wealth to have the option of comfortably raising children with my partner (biological or adopted, assuming I have the option)
  • Maintain my current standard of living and avoid lifestyle inflation
  • Financially assist my brother and other family members as needed
  • Create multiple income streams, especially passive or semi-passive ones
  • Work on only things I care about and believe in, because I want to, not because I have to for the money
  • Become less attached to material possessions
  • Share my good fortune with others and spend money on causes I care about

Most of these goals are vague as hell, but if you shoot for the moon, even if you miss, you’ll still end up among the stars, &c., &c.

I mean, at one point not so long ago, I had “buy a house in San Francisco” as one of my goals, which is, like, basically impossible unless the market tanks, but really, a house is not a terrible thing to aim for. Even if it turns out I can’t afford a house down payment after, say, 10 years of saving, I’ll still have accumulated 10 years’ worth of savings, which sounds pretty great to me.

I won’t be going through this list in order, but my retirement goals are the most measurable and concrete ones (though the only goal that is absolutely necessary is financially assisting my mother – everything else is just me wanting to taste that trust fund kid life where I can pursue something that’s not necessarily lucrative without worrying about the financial repercussions of my actions on my present, my future, and my family), so let’s start there.


How I Spent My Money: May 2017

This post contains affiliate links, because I like money, but I s2g I wrote this post before adding the affiliate links and the monetization does not affect my opinions.

another toast - samglorious - how i spent my money - let's talk about money - personal finance, budgeting, expenses, purchases, spending

Okay guise.


I know I said in my inaugural “How I Spent My Money” post that I wanted to publicly share my monthly expenses so I could be more #accountable, but after tallying the totals for May, I’ve come to realize (only two months into this experiment) that I am goddang embarrassed by my own spending habits and I don’t actually want to publish them. 🙈

And yet here I am. Let’s dig into May.

Total spending: -$1220

The aforementioned emergency family-related expenses were still a major factor in this month’s total expenses, but even without taking those into account, I ended May well over budget.

Emergency family-related expenses: -$510

There’s not much I could’ve done about this, but now that the school year is over, my mom will be off work for a couple months, which means she’ll have time to rest up and I won’t have to spend $25 a day getting her to and from work in a Lyft.

(I couldn’t figure out a more economical way to do this because I work much farther from home than she does, and there’s no way I could’ve started work at 8:30AM (the earliest I could arrive at my office after dropping my mom off, if I drove her) and then left work at 2PM (in order to get to her workplace in time), every day, for two months.)

Going out: -$306

I went over budget by $66.

Of this $306, $230 was spent eating out with my partner (including one memorable $20 dinner at Chili’s after which I felt like death 🌶), and $0 was spent going out with friends. (It was a quiet month and I was home a lot since my brother is in South Korea and I am currently the only fully able-bodied person at home.)

My partner and I did eat out more than usual in May, probably because we were only seeing each other 2-3 days a week (for a handful of reasons), so cooking at home fell by the wayside.

I would have remained under budget, even with all our eating out, were it not for spending $76 on my ticket to see solo Harry Styles in concert this fall (!!!).

I wish I cared more about going over budget because I love One Direction too much, but I just… don’t. $76 feels like a reasonable price to pay for the experience of screaming along with thousands of other fans as Harry sings “I’m having your baby / it’s none of your business,” and honestly, the adrenaline rush of attending a 1D concert back in 2012 while they were still playing small venues? PRICELESS. 💞