Do you have big dreams/goals? (sort of MM related)

[aprilsails]

No, not particularly. Which is kind of sad in a way. I would like to make partner at my firm at some point, and we would like to either own a vacation property or get a sailboat at some point as well. It would be a small sailboat to go on the local river and would likely cost less than $25k to purchase, but the annual docking and maintenance fees would be the big line item.

DH really wants to pour a lot of money into our house and I’m ambivalent to some extent.

[winnied]

They've changed a lot.

We used to want a 2nd home/vacation home but now that FIL has one and we (among my husbands siblings) are expected to help maintain it, it sucks the fun right out of that dream.

We can age in our house so then my hope/dream is that we can just rent homes for a few weeks or months every year either in the same or different locations.

I'd love to downshift in my career as soon as possible, which depends on a variety of things, including if H will take a pay cut to do his dream job (teaching at a small college).

My goals seems simple, but as cheesy as it is, I hope to just love big and if I get to do other cool stuff, great.

[gt7301b]

This is where I admit I have no desire to own a second home

After 18 months of being at home I do want to redo the kitchen in my current home. I had plans to save up and pay cash, but my new goal is to do it sooner so we can actually enjoy the upgrades.

I want to retire early. We both have government jobs and my retirement age is 58. In theory we will be able to retire earlier than that, but would leave too much on the table with our pensions. There is a good chance that my agency will offer some type of early out while I am in the 50-58 range and I want to be ready if it is offered.

[ohgillian]

I guess I do have financial goals.

H wants to buy a 2nd home, which I think we'd VRBO part time. That's in the short-term 2021 or 2022.
I want to put both children full school with no debt for them or us.
I have a charitable giving goal of about 5% of income, which we've been hitting.

But I need some life goals! I don't know what they'll be though.

ETA: We plan to downsize when the kids are in college; this has long been the plan. So we aren't in our "forever" home, or maybe I just don't believe in a "forever home" for us. I kind of can't wait to sell our current home (3000 sq ft) and go to like 1600 sq feet.

[ssmjlm]

Honestly, no. I'm VERY lucky to have a lot of opportunities now and a job that I only have to wait until age to retire from.

We had a pretty big money conversation with my parents this weekend and while I had a 90% picture, I now have 100% and it's going to set us and our daughter to be comfortable.

We have a vacation home, it's paid for and maintenance is minimal in the grand scheme because we don't rent it. (Renters are brutal in the area.)

Other than travel, I have no plans to stay in my house forever and one day will probably have a modest house near my kid, a beach house, and maybe something in a warmer climate like a condo.

[Velar Fricative]

It was always lots more travel now that my youngest is 4 years old and the idea of family vacations don't make me want to scream, but it does seem irresponsible to do a lot given the environmental implications...

So I guess I'd want to travel less but really make it count, and not travel for the sake of travel's sake, if that makes sense. Maybe we'll wait to go back to Prague (but with the kids for the first time) until our 20 year anniversary in 2029. I definitely want to go to the Olympics in Los Angeles in 2028. I really want to go to the World Cup final in 2026 but that'll happen near my house lol - still, tickets will be $$$. The last year has made me realize how much I've taken for granted living in the NYC area my whole life and I want to enjoy more around here, which I hope helps lessen the environmental impacts. I've also never been to Disney World and would like to do that once in my life (I don't see us being repeat visitors, so I'll want to go big on that trip for my own benefit lol). 

We've considered a cabin in the Poconos in my ILs' lake community but again, environment. It's small though, and we may share with DH's siblings so it's not a huge footprint. And it's only 2 hours away.

Other than that, I want to stay in our relatively cheap home, renovate it, and make sure my kids don't graduate college with any debt.

[niq]

I did but my kids are slowly grinding them down.

I think the serious answer is that I would like to semi-retire by 50 and do something like teach/tutor/run some sort of enrichment program to pay the bills.

[laurenh]

I have things I'd like to achieve but admittedly I haven't put too much focus into achieving yet because of childcare costs and student loans. We're hopefully only 3 years from my husband being eligible for PSLF and all 3 kids will finally be out of daycare this fall so it feels like we can start trying to make a plan. My top priority is remodeling our 1945 kitchen and upstairs shared bathroom and then our house will be in pretty good shape.

Long term, I hope to retire as soon as I'm eligible (57) and at some point prior to that, we'd like to buy a lake house nearby, if our kids stay in this general area. We don't have any big dreams of international travel and would just like to be comfortable and able to help our kids as needed as they head into adulthood.

[trissie18]

Our big dream/goal is to buy the property next to us when the owner decides to fully retire to FL. We have put the bug in the owner's ear about our interest and are starting to work with an FA to allocate funds for this. We currently have first rights of refusal on the 10 acre field between our houses but we now want to purchase everything. We plan to rent out the current house on the property until my parents are ready to retire, then we will replace the house with an age in place single story home for them to live in until they die. It keeps them close to us but not in our house. It also gives my husband the pole barn he really wants without having to build one ourselves. If this doesn't work out then we will shift gears and build our own pole barn and possibly a horse barn on our own property.

[jamaicam]

Aug 14, 2021 8:44:41 GMT -5 minzy said:

It’s weird. For being as goal oriented as I usually am, I don’t really have big financial goals any more. I’ve already spent a decade of my adult life sort of “retired,” so I have done a lot of what people say they want to do then. I have spent time with family, worked on hobbies, and done a lot of nonprofit work. Now I’m still trying to do many of those things, but I have added a job back in to the mix. We’ll see how long I still feel even keeled. My position has better health insurance, I’ll save more for my “own” retirement, but I want to give more away, too.

I would love for there to be a more feasible way to travel without the emissions and the guilt. I did do a lengthy electric car road trip this summer, and, (despite being east of the Mississippi), it was like the Wild West out there for charging. I guess my lifetime pipe dream is to see humanity wean itself from non-renewable energy.

A lot of the more environmentally friendly travel options take a lot of time! 

My mum started looking into going to the UK via a container boat - apparently they take a few passengers. But you are out of touch for 3 weeks basically, and with my gran being in her 90s, that wasnt something she wanted to risk. 

The train is another option, and I enjoy train travel!

[Gato]

Yes, lots of big dreams.  Become an author and/or freelance literary stuff more regularly.  After the kids graduate, Airbnb our house, which is in a hot tourist city, and basically live abroad, hopping from place to place, for at least the next ten years, coming home in August and December.  I can write and H can code from anywhere.  Possibly settle down in the location we like best.  We both love what we do and will probably never stop doing it, so no plans to retire as long as people are willing to pay us.

[themoneytree]

We want to pay off the mortgage on the new house without getting slammed on tax in the next 5 years which is easy if we sell the old house once the renters move out, but more challenging if we decide to keep it.

Early retirement for H in the next 5 - 10 years. Probably makes sense to wait until kiddo is in college which is 9 years away.
Then a month of the summer in Europe and maybe a month of winter somewhere warmer.

Otherwise I’m pretty happy with how things are - H is net worth goals. I’m very comfortable with where things are right now, but would of course like to see it grow over the next decade.

[farmvillelover]

So far we’ve been consistent about working towards financial goals and feel in a good place. Kids college funds are healthy, good on retirement and savings.

Biggest goal is paying off our house, which I think can happen in the next 2-3 years, maybe sooner depending on how business goes.

It’s been a goal for H to retire early and at this point whenever he’s ready emotionally and willing, we’re prepared for it. I’m thinking 2-3 years or whenever the house is paid off (our deal).

[Pom]

Pay off second home and remodel via cash flow. Check
Move back to northern Michigan. Check
Do some fishing and camping. Check
CoastFIRE (fully funded retirement)with a job with insurance. Check
Upgrade Michigan job.
Buy a bigger boat for the inland waterway/Great Lakes.
Buy a home on the inland waterway.
Travel more the winter when fully retired.

[definitelyO]

DH wants to retire in 5 years at age 56 (30 years with his company). I'm not sure I'll be ready mentally to retire then - but what fun is it for him to do all the fun stuff w/o me

We have a mountain house and are redoing the floors and have been upgrading it bit by bit over the last 2 years (new windows, new deck, upgraded furniture, etc...). We're starting the plans to remodel our main home kitchen/DR.

DS is in 10th grade - and he's set for college.

I want to volunteer and there are SO many places I want to travel to -

so in summary - similar goals to everyone else - retire early and travel

[winnied]

Update: I've decided I want to hike el Camino de Santiago. Maybe not the full trail (takes 4-6 weeks) but at least 1 week of it. I talked to H about it and we'd like to do it when our daughter is in high school or college. It's a good motivator to keep my body in shape!

[raangoli]

All of mine are MM-related:

Retire when BB goes to college.
Continue to front load her 529 so I can make the first item a reality.
Travel with BB when/if covid allows

[waverly]

We've been continuing to travel even when the kids were young and now, so while I still want to continue it's not like I never travelled and now have to make up for lost time. The far flung trips were with points from DH's work travel. We've done Maine, PNW, Hawaii, San Diego, Florida several times. We have trips planned to NM and Yellowstone. We did get the kids passports so I suppose we could do Europe or Australia, but more likely just pop over the border to Canada.

DH wants either an ABNB, jetski/ boat, vacation home, or student rental. I've been trying to tell him that he needs to narrow this list down a bit. Also, I have zero desire to deal with short term renters, so I am not sure a short term rental is for me. He would have to deal with all of that because I don't really like dealing with random people outside of what I have to do with my job.

We are just continuing to contribute to retirement and all of that.

I am not sure on career goals. DH wants to work forever. I would like to retire early, but health insurance would be a problem then.

[lemoncupcake]

Aug 25, 2021 22:18:13 GMT -5 mofongo said:

Idk, I’ve looked into volunteer stuff, but I can’t really find anything I’m passionate about. I have dreams of being on a board of a non profit, lol. I love animals, but so much of that involves changing litter, cleaning cages, etc and my allergies/asthma would go crazy, plus covid and masks. Also don’t ant to walk dogs in 100+ feels like temps. I have a volunteer champagne taste with a cheap beer experience level - not a good mix!

I feel like a lot of their volunteers want to do the hands-on pet stuff but not the admin work - I bet you'd find a lot of opportunities! Fundraising, grant writing, event planning, working with sponsorships/partnerships in the community, volunteer management, etc. 

[brooke77]

We have travel dreams. We had planned to go to Bali in 2020, which obviously didn’t happen. We will reschedule when it’s safe. Also on the list is Maldives (without DS), Tanzania, Greece, and Thailand.

Career wise, I want to make partner by the time I’m 40. If that doesn’t happen, then I want to make plans to open my own firm.

We both want to retire in our 60s and/own our own businesses and be able to step back from work. We hope to be able to be active grandparents. We want to own a small condo and save for our son.