Don't know if this is the right category...but here goes:
Just finished calculating the end of 3rd quarter net worth and it was up over 23%. My goal for the next quarter will be to repeat that performance. The plan will be as follows:
Of the needed increase: Over half can be obtained by the investments that already go into 401(k) and 529, repayment of "bad debt" principal (admittedly slowlane, but I do have family -- wife and 6 kids so it is not fair to them to risk it all). Add in a 5% increase of the 401(k) and it looks like I set my goal too low. I would only need to make about a 20% return on the stock collars that I am doing for the quarter, and I think it is obtainable. Let's shoot for 40-50% increase in net worth for the quarter.
Just finished calculating the end of 3rd quarter net worth and it was up over 23%. My goal for the next quarter will be to repeat that performance. The plan will be as follows:
Of the needed increase: Over half can be obtained by the investments that already go into 401(k) and 529, repayment of "bad debt" principal (admittedly slowlane, but I do have family -- wife and 6 kids so it is not fair to them to risk it all). Add in a 5% increase of the 401(k) and it looks like I set my goal too low. I would only need to make about a 20% return on the stock collars that I am doing for the quarter, and I think it is obtainable. Let's shoot for 40-50% increase in net worth for the quarter.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
