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Updated about 12 years ago on . Most recent reply

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155
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144
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Jay Y.
  • Investor
  • Santa Clara , CA
144
Votes |
155
Posts

Goals for 2013

Jay Y.
  • Investor
  • Santa Clara , CA
Posted

I definitely want to make good progress this year. What can I say, I've been bit by the real estate bug and it's addicting! Here's what I'm planning to do to reach my goals (save downpayment for #3, maybe #4 if I'm lucky; I'm into long-term buy and hold):

-Save 70% of net income from JOB
-Stop investing in 401k
-Supplement savings with cash flow from property #1 and property #2
-Cash out of stock options, ESPP, and RSU's
-Sell old junk
-Research into out-of-state markets
-Network with other BP members
-Don't get too caught up with the future... also try to live in the moment and appreciate everyday. Lucky for me, I don't need to spend much to be happy :)

I'm going to try and focus on cash-flow, looking for $100k and under properties.

Thanks everyone for all the motivation/inspiration! I get too excited after reading the articles, listening to podcasts, and reading other success stories! Just more fuel to the fire...

Most Popular Reply

Account Closed
  • Investor
  • San Jose, CA
3,331
Votes |
2,097
Posts
Account Closed
  • Investor
  • San Jose, CA
Replied

Hi Jay,

If it were me, I'd keep on contributing to my 401k just enough to get the match. Good luck with achieving your goals.

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