Hey everyone! I loved personalfinance on reddit and I’m really looking forward to reading useful personal finance advice on here.
It would be great to hear everyone’s short, mid and long term financial goals.
Mine are:
Short term - save up a better emergency fund
Mid - plan to pay off our mortgage (8 years)
Long term - really not sure!? Work on our financial security more?
Short - Not sure, switching jobs and got a pay bump so probably max out my 401k and maybe open up an IRA.
Mid - Save up a downpayment for a bigger house. Once we have a kid this house is going to feel very cramped.
Long - Retire before 50. Maybe earlier because the concept of CoastFIRE fascinates me.
Great plans! We were also considering moving in the mid term but finding it difficult to find a place we want to move to. Also the housing market here in the UK is just ridiculously high.
I’ve always been fascinated with fire but don’t think it’s realistic on our current salaries. But I enjoy reading about people who are working towards it, and retiring before 50 would be a great feat!