Where do you see yourself in 5, 10, 20 years time?
I am currently paying off a caravan and plan to go on a 3month trip with my son within the next year and would like to continuously go on short-medium trips travelling Australia with my son.
After our 3month trip, I would like to spend the next 5 years or so building up a fund- putting a min of $5,000 but hopefully closer to $10,000 away into term deposits.
At this point, depending on where I am, what I'm doing (travelling, working etc) and how much I'm earning I would like to explore the idea of buying my first property- maybe a little apartment. Live in this for 12months (to get the first home owners grant if it's still around), and than again depending on specifics, explore the option of getting into the property market further.
I'm so excited about my plans. The next 7 months or so is paying off my caravan- I feel like this is when my life will start. This is when I'll start moving forward with my travel plans and financially. I'm so excited. I can't wait to watch our little nest egg grow.
So, what are your financial plans?