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.