The FIVE YEAR PLAN will soon become a FOUR YEAR PLAN

I’ve had an ongoing 5 year plan ever since I started to pay off my debt back in 2005 and now I’m nearly done with year eight! Wow! Things have changed along the way and things will probably change in the future (I never count my chickens!), but for now, 2016 should mark the end of a twelve year journey to a dream.

Dream BIG!

Cascais Portugal
(Casais, Portugal)

2013

  • Live on less than 50% of our income
  • Save £2,500 for further house repairs – completed
  • Earn at least £2,500 above and beyond our regular income
  • Reduce our mortgage below £60,000 (by December 31st)
  • Save at least £4,500 for travel (NY & Lucerne)

2014

  • Live on less than 50% of our income
  • Save at least £4,500 for travel (NY & Portugal)
  • Earn at least £2,500 above and beyond our regular income
  • Reduce our mortgage debt below £30,000 (by December 31st)

2015

  • Be earning > £500 pm in alternative/passive income
  • Save at least £5,000 for travel (West Coast, US)
  • Achieve mortgage freedom by December 31st
  • Live on less than 50% of our income

2016

  • Be living in Portugal by December!
  • Save £10,000 for future travel
  • Spend one month in NY
  • Rent out/sell our house in the UK?!
What’s your dream?

Comments

  1. livingdebtfreerocks says

    This post immediately made me think of the saying “perserverance pays off”. Congratulations on your success!
    I need to take some time and think of what goals I want to attain in 2013 and beyond. 2012 is an amazing year for me because so much was achieved that had been planned so I need to make sure I think out at least 2013 in advance.

  2. Hawaii Planner says

    I *love* this post! It’s so inspiring – I need to go off & come up with my own plans. And, you are amazing for working towards such a fabulous goal!

  3. Janine says

    i love this! I made a 5 year plan at the beginning of 2012, but I’m a little nervous about posting it…. maybe I will now!

  4. S. B. says

    I love to see multi-year plans like this! Don’t feel bad about extending or rolling over plans. I’ve had two 5-year plans and now a 3-year plan. One has to aim high in order to achieve certain things in life.

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