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I don't count vehicles or housing towards net worth. You will always need somewhere to live and wheels to get around. Unless you're living the vagabond dream, but that's a different topic. I always pay out of pocket and let HSA grow.

This is why you are winning with your goals…you are thinking about, talking about it, writing it down and implementing it!!! you rock Katie🎉🎉🎉

Hi Katie, thanks for sharing ur temptation this past week. I feel like that often looking around our house seeing things that need to be fixed up but knowing I need to focus on debt. Great transfers, love the goal update w the transfer!

Whew, those are amazing 5-year goals Katie. I like that you say it's good to push for something, even if right now it seems out of reach!! ♥ ♥

Great goals Katie. Passive income is such a great goal and a thing to track. I am so glad your mom is open to moving in with you. It really is the best case for both parties if this can happen. Multigenerational homes work very well.

Happy Friday! Great goals

Happy Friday Katie! Great video & great goals!!! I'll be cheering you on.

🌸🌺💖

Happy Friday Katie! It is great to dream on paper or spreadsheet! I just did one but it was a little daunting to think that far ahead! 😅 Thanks for the investing calculator! 💜✨

Hi Katie, great breakdown of your ef! I'm def working on getting ours up to 2k this year. We've had too many emergencies for me to be comfortable w 1k

Katie I love all of these. They are so relatable, even with our different household incomes. My eldest will be finishing (high) school around the same time as yours, in 6 years time. Which is crazy to me too. Our big goal is to clear our mortgage early and that is within reach in our 5 year plan. We should be in a position to repay our mortgage 14 years early. We might move to a bigger house at that point too, hopefully paying cash.

Hi Katie. Great video as always. Hubby and I got out of debt including mortgage almost 3 years ago. We have never borrowed money again and have the mindset that we will never again if we can help it. So I think u will be ok about not going back into debt as its really hard work to climb out of it. And although its a patience building exercise, we love to save up for our goals and pay cash. We recently saved our 6 month emergency fund and saved up to do a complete bathroom reno. Best thing is its paid for and we get to enjoy it without that sinking feeling that we still gotta pay for it in the future. ❤ Veronica

Thinking 5 years ahead is aspirational for me… too many plans for big life changes. Right now focusing on the next 18 months, which has been a big, helpful mindset shift

Great Goals and can’t wait to see you achieve them!!!! Also to grow your #SCHD 😎

We have a 5 & 10 year plan also. We keep shuffling things around, moving items from the 10 year to the 5 year as we accomplish them. Sometimes when we get weary or sidetracked, we get out the plan, review it, and that usually gets us back in the game.

I don't think 5 years out to often .....i should ❤ love this

Outsranding video, Katie! Your vision is so compelling and inspiring.

This is such a great idea to think further ahead, I usually just look at the next year but maybe I should look further out. I'm a small creator as well (very small 😅) and I love finding other small channels to follow!

My life has changed so much in four years of retirement that I am having a hard time dreaming big enough. I like that I can change my mind as I dream big dreams.

Hey Katie! I have not made a five year plan, but now I think I need to start thinking about it. Sometimes it feels like I can’t see 3 months in the future, but it’s going to happen so I should prepare for it. 😊

I would like to dramatically downsize in the next five years, to a secure, low maintenance, much smaller home we could feel comfortable leaving for longer periods of time so we can travel more often for longer stretches of time without worrying about sprinkler systems, the pets, vandalism, maintenance issues, etc. Moving is an incredibly daunting prospect for us, and we love our beautiful home, but it’s already too much to handle without paid help and it’s only worsening with time. As much as I hate to say it, it’s time to face reality and get into something a lot more manageable. Hubby is not on board (like not at all), so no decision yet, but we keep looking at potential locations. Not sure what the future holds over the next five years, but a move is inevitable between now and then.

Great video Katie! This inspired me to create one. I haven’t done it before thanks

Why did I read the title as my 5 year olds financial plan 😂 I was like wow never heard that before lol

Great planning ahead. We r also building a much larger emergency fund 😊 These days it’s truly a necessity

Hey Katie!! ❤😊 I love this video & your goals!! 🎉🎉🎉🎉🎉 I do have my Thriving 30s goals! 🥰

I finally have a fun transfer Tuesday! My husband and I opened a joint brokerage and we put $400 into it, plus $25 into each kid's 529!

You can call me Stalin because I got a 5 year plan too

Ohhh I will need to check out that calculator now!!

Hi. I am back. Somewhat "Jet Lagged" I am just watching. So I will propbably add more as a reply to this comment.

Good plan! 👍🏻👍🏻👍🏻

Love this video and your five year goals. I also appreciate that you mentioned you want to live in the moment, too!

I'm not thinking about our home either as something that needs to get paid off. In less than 10 years my husband will be retire and has money to do that if you choose to use it that way. Great video as always ❤❤❤

The bare bones budget and budgeting exercise you did will be very important in remaining debt free despite what life throws your way. Just the thought process of what you might cut and the resulting savings "cost" is very important.

It's a dream of mine to payoff our home. 5 years will be a stretch, but I'm going to try anyway :) I feel like every extra payment is one step closer ❤

Great goals! We have our 1,3, 5 and 10 year goals set.

I was actually thinking about my life 5 years from now last night too, after I did my taxes. I would be paying off the last of my student loans if I stay as planned. I'm hoping it'll actually happen sooner so I can move on to other goals before then

Goals motivate me too. I stated my five hear plan this month for my investments.

Hi Katie, thanks for sharing your 5 year goals! It is great to have a focus and intention going forward after debts are paid off. We did not have the income or debt elimination to pay for our children’s college. They both have student debt, but we cash flowed as much as we could provide them. My son stayed on campus and worked part time at Walmart to help pay his way. He did great, refinanced to get a lower interest rate and is close to having them all paid off in 10 years post graduation. My daughter decided campus living was not for her, so she commuted from home and also worked part time. Between us, she cash flowed her final two years entirely. She is still paying student loans now 5 years afterward, but is on track to have that paid soon. So while it’s admirable to pay your kids post high school education, don’t go into that goal with the expectation that you HAVE to pay it ALL. That would set you up for unnecessary emotional upset if for any reason you fall short of that goal. I know you have a healthy approach already 😀 and I am glad that we could contribute to their success even though we couldn’t afford the whole cost.

Hi Katie! Awesome networth update. You and your hubby are doing a fantastic job! 🙌🏽🙌🏽♥️♥️

We were able to make a big transfer of 7k to our hysa for our property down payment fund- 5 of it was from a big year end bonus. Definitely will be the biggest transfer of the year

Yes!

I am the chronic pick-it-up it up put it back shopper at the store. And some of those things I still wish I had bought anyway, but most not. So I get it. ☺ ☺

I am so pleased you resisted the temptation to buy stuff, you exercised and built an incredibly important and underused emotional muscle (in American society) which is self control and you focused on your ‘needs’ (debt pay off which is so crucial for your families long term well being) and not on ‘wants’ which was a fleeting desire for some stuff that you hadn’t planned for. The exercise and building of this ‘muscle’ is just so important. Well done you.

Made just the minimum payments today on all the Debts 😢oh I have been really down about all the bills this past week

Looking at empty shelves for two more years just because you bought a car sounds unnecessarily harsh. If you find something pretty that you love, buy it and enjoy it. It’s dismal enough out there these days, get something that makes you smile and consider it money well spent.

Oh Katie, I could just picture you filling up all of those carts with goodies for your home, but I know your inner voice was telling you it wasn’t a good idea. You probably have something at the house already that you could put on the shelves that would look just as nice. I really applaud how disciplined you are. I probably would’ve gave in.🎉😊

Keep an eye on your local Buy Nothing, people sometimes pass along decor!

I personally think you are the most genuine on the finance side of TH-cam! I look forward to your videos every week! You give me inspiration! A side note my husband and i paid off our credit card and we put $800 towards a medical bill!

Happy Tuesday! U definitely have a a lot of self control. 💕

Great video on a survival budget. Very different to being able to cover fully budgeted months. Nice one Katie