The importance of writing down your financial goal to achieve financial independence and to retire early
Emerald Isle Beach, North Carolina Welcome back! In this post, I’d like to discuss the importance of writing down your financial goals so you can plan for your future effectively. When I started working at my last job which would last over 13 years, the first thing I did, once I had worked there for about two years, was to write down how I thought my financial situation would look like by the time I turned 58. Back then, my original goal was to retire at age 58 to pursue my lifelong goal of becoming a beach bum somewhere. I imagined living like someone who didn’t have any worries and just lived life one beautiful sunny day at a time...I thought age 58 sounded like a good age for retirement when I was 37 years old. What I had written down back then were the following: I should have around $500k in retirement account. I thought I would withdraw 4% of that money for around $20k per year. I should have paid off my mortgage by then, so positive equity would be used to fund my re