I took this from a homework assignment I completed today. Its a pretty raw form and I rambled and the grammar isn’t great. It does give a general overview of what I plan to do and how I am trying to get there.
My strategic plan for the next 20-25 years looks like this:
(Ages subject to change, general outline given)
Age 22: Where I am at currently, game plan is to graduate S&T in May 2019 with the Eman and Mechanical degree and have a technical sales job with a competitive pay plan and great benefits.
Age 25: Build a solid foundation from the first job and possibly move to another company or make moves in the company I start with. Begin building a real estate portfolio (investment properties) and build a passive income stream while maintaining solid performance at my new job or the higher position I am moved to.
Age 30: Continue to build passive income through the real estate portfolio. Increase passive income to a point where I could maintain a minimal lifestyle with just the earnings from that portfolio. Start own business or seek new ventures as the opportunities present themselves at that time (2026).
Age 35: Build out the side business/own business/ new venture to create another sustainable stream of income. Ideally have at least 3 high flow streams of income with 2/3 being relatively passive. Begin giving back to the people and organizations that made me who I am. (parents would be first ideally when I am 25ish, SLUH wrestling, Sigma Chi Fraternity, Boy Scouts of America, philanthropic endeavors etc.)
Age 40: Ideally many streams of income have formed by now between stock portfolios/dividends, real estate portfolios, 2 or 3 businesses, any job that I still work, etc. Continue to give back to philanthropies, organizations, start to mentor or guide those that could benefit from my knowledge and experience. I’m sure kids are already in the picture by now and set them up for success.
Age 45: Passive income would be enough to sustain a comfortable lifestyle if I choose not to work. I would still in some way shape or form work as that’s just who I am. Continue with multiple streams of income, various companies or side businesses I’ve started partnered with. Consult for other businesses, organizations etc. again benefiting from my various roles and positions and knowledge I have gained throughout the years. Continue to give time, energy, and effort to those around me to ensure their own success. Be a family man. Make a difference in the world, not just those around you in the present but for those that are in the future and still to come.