Until now, I have had a very vague idea of what I want to accomplish. Getting out of debt is only a portion of the equation. It’s going to take a long time, but how do I get there? Not only that, but once I get there.. and max out my retirement savings.. and get my emergency fund.. what then?
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I have a financial goal. My goal is $100 per day in passive income (or at least non-traditional employment generated income), 5 days a week. I have a few ideas to try. I’ll post about them as I go along. I’m not sure what the parameters are yet and I may modify this goal/plan a dozen or so times in the coming weeks, but this is my starting point.
So, what will I do with an additional $100 a day? Pay off the debts faster. Give extra money to Mark’s daughters (they’re both in college now). Travel. Max out our personal retirement options. Save. Probably equal divisions in all of those categories. Maybe. I still have to map it on my spreadsheet.
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Wow, that is an ambitious goal! Good for you! Right now mine is only $100 / month. I tried doing some designs on cafepress, but I am not the best t-shirt designer (I’m not going that route anymore). Let us know how it goes.
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