First half of 2025 financial target.
Dear all, The first half of 2025 had passed. I hope that everyone is doing well in all aspects of your life. Do you still remember the financial goals that you set and if you are on the track to achieve these goals? I still remember that in my financial goal setting which was done in Dec 2024 when I decided to aim for earlier retirement in 10 years time at the age of 55. I worked out all the necessary details including the total amount ($6,000 a month or $72,000 annually) that I will need to live in comfort plus a bit more for future investment and inflation. (Everyone will need a different amount due to different lifestyle and planning.) To achieve this, I will need to break the $6,000 a month target into yearly short term, medium term (3 years) , and long term (5 years) targets. Once, I completed my setting of the targets, I would set up the actions (how much to save, how to reduce spending to increase saving, how to invest the saving, and when to invest etc) Yearly...