View Single Post
Old 11-11-2009, 03:30 AM  
TimBlaze
Confirmed User
 
TimBlaze's Avatar
 
Industry Role:
Join Date: Oct 2006
Posts: 1,625
business: Please critique my 5-year plan

hello GFY'ers, pulled another all-nighter gettin this web $$ and wanted some of you older wiser folks to give me your thoughts on my 5-year plan. im 21 years old, not attending college YET, full time webmaster, have $150,000 saved, make about $3000 a month now give or take. i currently own a condo (retirement town in florida) that i rent out to a tenant and i live with my father.

5 year plan:
- I am moving out of home and into an apartment im renting this Sunday. rent is cheap and all is included and will have a roommate.
- Buy another condo in same building as one i currently own to rent out to a tenant with $50,000 from my savings
- go to college (i dont want to but prlly should right?), continue webmastering but to a lesser extent since i'll be in college
- finish college by age 25 or 26
- check the market to see if i could sell one of my two condos for good profit
- buy my own house

end 5 yr plan
next 5 years begins with working on my house to fancy it up and re-establish my web business after having less time for it due to college

and no im not some spoiled rich kid i made all this money myself and pay most of my dad's bills lol. is this a good 5 year plan do you think? my goal is lifetime wealth. what tweaks would you make?
__________________
Roll that shit, light that shit,
TimBlaze is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote