Share Your Number

Share Your Number

My journey to financial freedom started two and a half years ago, when I purchased several thousand dollars of Apple stock and excitedly watched as it rose to a high of $200. Unfortunately, as an investing newbie, I got greedy, and thought that my 100%+ returns would keep happening well into the future, so I didn't sell. This past winter, after the crash happened, I sold my position in Apple and instead put the money (at a 20% gain, so it least it wasn't at a loss), into alternative energy stocks, which had fallen over 80% from their highs a year ago. I think the upside potential of these companies is enormous, and I only wish I had the resources to become a major player in the solar, wind, and electric cars industries. In addition, I have also started an online trading account with a small amount of money, to be supplemented with 90% of my summer earnings.

So here is my plan: At the moment, I just finished my first year of college. I will graduate from a prestigious college debt free, and with the option to enter graduate programs or (I hope) head straight to a well paying job. My short term goal is to graduate with $75,000 in the stock market, a goal I believe is attainable once the market starts to seriously regain its losses. Age: 22

After graduation, if I immediately get a job at around $80,000-$100,000 a year salary, I plan to live at home for the next several years, and buy rental property in what I think will be one of the US's most important cities in the next 15-20 years (and also an area with which I am familiar). Ideally the rent would be enough to pay the monthly mortgage bill, requiring no additional money from my salary. This will leave me free to save at least $50,000 a year from my salary to invest. After three years, I envision my stock market holdings having grown to between 400k and 500k. This will be collateral for a loan to finance a real estate development project involving my land and rental property holdings. I will either rehab and sell my rental property, and/or build new construction townhouses. I think a realistic profit to expect from this first project is somewhere in the neighborhood of $700,000. Age: 25/26

I will immediately embark on real estate development number 2, from which I think its reasonable to see a profit of 3-4 million. Also, by now my stock market investments (to which I will have added $500,000 from the profit of my first development) should be worth several million. Age: 28/29 (total = 5-8 million).

Now I will finally have the resources to venture some capital into startups, start my own business, and invest into other developments. Also, I am assuming that having millions opens doors into lucrative investment opportunities that are either out of reach, or not even even known to someone without that kind of financial resources. I think the first part is the hard part--once you get the first millions money comes more easily.

Ultimate goal: 35 million by age 35.

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Debbie Comment by Debbie on June 18, 2009 at 6:00pm
Just the fact that you could graduate from college debt free is worth more than you know :) Ask anyone who is in their late twenties... thirties... and still repaying college loans.
Josh Comment by Josh on June 4, 2009 at 10:57pm
Looks like you got commodities pegged. I was watching CNBC and they had Jim Rogers on today, he was basically saying the same thing. Since it's a long term play, keep buying. Those businesses will act like a SUPER high interest savings account.
Josh Comment by Josh on June 2, 2009 at 9:23pm
Hey Alex, welcome to shareyournumber. Interesting plan. I assume you have 3 years of college left, which is three years of stock market investing. If you believe oil will bubble again between now and then, I would say hold those alternative energy stocks, if not, you may want to find something with some more potential.
Adrian Comment by Adrian on May 26, 2009 at 12:09am
Nice plan! Thanks for sharing .... hopefully, as this site builds membership (which will happen once the book is released in a few months ... we hope!) you will be able to interact with other members on a similar path to both solicit and offer feedback. Suggest you start by 'making friends' with Josh ...

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