My mission statement or goal...
1) By early to mid 2010 I shall have paid off my house.
2) By age 40 (2017) I shall have a passive income of $100k.
This is my basic Financial plan
- 10% savings each week, when it reaches 1k, transfer it into share trading account, and wait for opportunity’s
- Leverage and High growth is primary focus (about 80% of my funds)
- Secure Blue Caps with good yield (about 20%)
- My wife's share portfolio look to buy high yielding good cash flow equities.
- Look to buy a property when I can put about 25% deposit in, and get about neutral cash flow.
- Be selective, look for properties that I can value add to.
- around 35-36 look to purchase / start a business
- May be online business or options/trading business
- Do ample market research and gain knowledge of what I'm doing
- Capital Growth
- Withdraw original capital and re-invest