Plans and more Plans
A wise man hath told me it is good to chronicle realistic goals and plans.
Pending my new 40-hour plus work-week and decent-paying job, I plan on saving aggressively and begin contemplating an investment portfolio while concurrently paying down my student loans. I will see about how I prioritize debt retirement and saving. From time to time, I will make double payments on my student loans. I plan to be so enamored in my work that I will have little time to fritter away that hard-earned money that I earn on frivilous things. Self-discipline is the key, but I think automatic bank drafts implemented in a reflective moment of sobriety can help me maintain my savings goals, and become accustomed to being frugal.
I can do without needless luxuries , and will be content to buy a few books each year and leave it at that. I want to save and invest aggressively, but at this juncture, paying off my debt should have greater priority.
So, I plan on working at least five years straight while building a savings nestegg—before I reconsider higher education. I will max out my individual retirement account (IRA) contributions at $5,000 year hopefully. As I understand, $10,000 from a Roth IRA can be used towards a down payment on a home, and the tax-deferred benefits coupled with rewards from compounding returns make it worth saving in a Roth IRA for that expressed purpose.
Also, as a Christian, I want to devote more time to spiritual pursuits and maintain a balance in my life with regards to Bible study, discipleship and fellowship. I fall short, and should always be striving to better myself in this arena. I shouldn't focus on yesterday's achievements, but seek new ones today.
I very much believe that what I do in this life will echo in eternity. It's best to give it one's best, but also learn from our mistakes. Our mistakes are rebukes, and offer lessons, and training for making better future decisions. I want to do right by my future wife and posterity, and work to advance my station in life and become a more able provider for my family household in the future. My life should be an example of self-sacrifice for the church and for my family. And where I fall short, I look to God's grace to grow and become more profitable.
I want to be prudent in the future in my exercise of financial stewardship. This requires frugality in expenditure, thrift with regards to borrowing, and maintaining a small debt-to-income ratio.
I look to the kind hand of providence to bless me in my endeavors. I hope that any blessing would not be merely for my benefit, but for that of my future family. Whatever I inherit from my parents, I want to bestow in entirity to my future posterity, and seek their well-being and make provision for their education to get a start in the race of life.
Pending my new 40-hour plus work-week and decent-paying job, I plan on saving aggressively and begin contemplating an investment portfolio while concurrently paying down my student loans. I will see about how I prioritize debt retirement and saving. From time to time, I will make double payments on my student loans. I plan to be so enamored in my work that I will have little time to fritter away that hard-earned money that I earn on frivilous things. Self-discipline is the key, but I think automatic bank drafts implemented in a reflective moment of sobriety can help me maintain my savings goals, and become accustomed to being frugal.
I can do without needless luxuries , and will be content to buy a few books each year and leave it at that. I want to save and invest aggressively, but at this juncture, paying off my debt should have greater priority.
So, I plan on working at least five years straight while building a savings nestegg—before I reconsider higher education. I will max out my individual retirement account (IRA) contributions at $5,000 year hopefully. As I understand, $10,000 from a Roth IRA can be used towards a down payment on a home, and the tax-deferred benefits coupled with rewards from compounding returns make it worth saving in a Roth IRA for that expressed purpose.
Also, as a Christian, I want to devote more time to spiritual pursuits and maintain a balance in my life with regards to Bible study, discipleship and fellowship. I fall short, and should always be striving to better myself in this arena. I shouldn't focus on yesterday's achievements, but seek new ones today.
I very much believe that what I do in this life will echo in eternity. It's best to give it one's best, but also learn from our mistakes. Our mistakes are rebukes, and offer lessons, and training for making better future decisions. I want to do right by my future wife and posterity, and work to advance my station in life and become a more able provider for my family household in the future. My life should be an example of self-sacrifice for the church and for my family. And where I fall short, I look to God's grace to grow and become more profitable.
I want to be prudent in the future in my exercise of financial stewardship. This requires frugality in expenditure, thrift with regards to borrowing, and maintaining a small debt-to-income ratio.
I look to the kind hand of providence to bless me in my endeavors. I hope that any blessing would not be merely for my benefit, but for that of my future family. Whatever I inherit from my parents, I want to bestow in entirity to my future posterity, and seek their well-being and make provision for their education to get a start in the race of life.
posted by Ryan S. | 3:45 AM
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