- My Financial Goals
- Reasons
- I want to help my parents since they paid everything for my tuition fees
- I want to give them a nice house, car, and travel tickets
- I want to help my parents since they paid everything for my tuition fees
- Have passive income with stocks/bonds
- Reach 1 million net worth before 30 and RETIRE
- Reasons
- My Risk tolerance
- Pretty high
- Sources:
- Save at least 25% of your income (the bare minimum)
- If I get an internship, I am planning to save around 60-70% of my income until I save 6,000,000 won (3 months worth of salary on avg. for interns)
- Then I will invest 60% in stocks/ETFs/mutual funds
- Save at least 25% of your income (the bare minimum)
- Long time things:
- 401(k) from your company
- IRA - individual retirement account
- Don’t panic sell!
Plan
- 70% stocks and 30% bonds
- I am both aggressive/conservative, but I will lean more towards stocks