My 2020 Vision Board

[Joe Matthews]

Hi BP,

I just started utilizing BP and I got to say I really appreciated the feedback from my first post!

I mentioned I had written down all my goals so I thought I would just share them with my new community of investors to see if anyone can perhaps steer me in the right direction. I appreciate any feedback! I am highly motivated and obsessed as of late to achieving these goals. I just thought why not share if maybe you all could help me do it better.

I am very excited to see where this discussion goes!!

Vision Board 2020 👀

2020

✅ Setup Roth IRA

✅ Payoff SUV

-Save $10k (Looking Good)

$100k Gross / Net worth $300k

2021

-Save $30k

-Invest $6k in IRA

-Buy 1st Investment Property

($600/ month Gross)

$110k Gross / Net worth $345k

2022

-Save $40k

-Invest $6k in IRA

-Buy 2nd Investment Property

($1200/month Gross)

$115k Gross / Net worth $400k

2023

-Save $50k

-Invest $6k in IRA

-Buy 3rd Investment Property

$1800/month gross

-$120k Gross/ Net worth $500k

2024

-Pay Off Primary Residence @ $70k

-Invest $6k in IRA

$120k Gross / Net Worth $600k

2025

-Payoff 1st Investment Property

-Invest $6k in IRA

($2400/month gross on rentals)

$125k Gross / Net Worth $700k

2026

-Payoff 2nd Investment Property

-Invest $6k in IRA

($3000/month gross on rentals)

$130k Gross/ Net Worth $800k

2027

-Payoff 3rd Investment Propertyh

-Invest $6k in IRA

($3600/month gross on rentals)

$140k Gross / Net Worth $1 Million 💰

2028

-Buy 4th Rental Cash

-Invest $6k in IRAs

($4100/month gross on rentals)

$160k Gross / Net Worth $1.15 Millioni

2029

-Save $100k

-Invest $6k in IRA

$160k Gross / Net Worth $1.3 Million

2030

-Save $50k

-Invest $6k in IRA

-Buy 5th & 6th Investment Properties

$180k Gross / Net Worth $1.5 Million

Future Thereafter:

-Continue to compound properties

-Start a foundation