Goal: 100k equity
by jaime fernandez-corroto
1. Increase Savings rate: 40%
1.1. Increase Revenue
1.1.1. Increase salary
1.1.1.1. 59k, net
1.1.2. Additional revenue streams
1.1.2.1. +5k
1.2. Reduce costs
1.2.1. Cut unnecessary spending
1.2.1.1. 2.5k monthly
2. Increase Assets: 360k
2.1. Increase investments
2.1.1. Maximize returns
2.1.1.1. IRR: 15%
2.1.2. Increase investment
2.1.2.1. 10k extra
2.2. Grow company
2.2.1. Increase ROI
2.2.1.1. 15%
2.3. Store cash
2.3.1. Don't over spend
2.3.1.1. 25k accum savings
3. Reduce Liabilities: 250k
3.1. Pay off debt
3.1.1. Eliminate short-term debt
3.1.1.1. 0 ST debt
3.1.2. Reduce time-to-payment in long-term debt
3.1.2.1. 2 years