save $100,000

But it will be so sweet when I accomplish it!

I am 39 years, I have had it all! I have spent so….. much money and have really nothing to show for it. I do not want to live pay-day-to-pay-day anymore. I am happy to have found you guys as I have the same goal as all of you. I want to save this money so that I will never have to ask anyone for anything ever (i.e., money). I can do what I want and not worry about being broke. I have down size my car, next my apartment, cable etc., My goal is to save $2500 every month in a CD. WHat do you guys thinK?

I’m goint to get a CD every month until I have 100,000. I’m 28 and I want it before I’m 30, right now I have a little over 10,000 now all I need to do is seperate each thousand, and add 9000 to each one. I’m using CDs to give me a small leaveway, so I don’t have to save every penny on my own.

i wanna do this just so i can say that i did it

I ban myself from purchasing anything except food from now until the end of June.

Everyone knows this. You sell time for money by going to a job. Time spent profitably turns into money.

What is less obvious is that money is time.

It is the quality of time, and it is the amount of time.

You could brew your own coffee, about 20 minutes, or you could pay the barista at Starbucks to give you a cup of coffee, about $1.50. Is your 20 minutes worth $1.50? Could you be doing something more profitable than $4.50 an hour? That’s less than minimum wage. Sounds like a bargain. (Granted, if you enjoy the coffee you brew more than you enjoy Starbucks, then that has to factor into the value equation.)

I plan to save $100,000 to be able to spend a full year without a paycheck hacking on new ideas. The goal there is to found a startup in that time, recruit a cofounder (or a few), and raise some serious capital to really take off.

I’ll be paying alimony until the middle of 2009. I’m not starving now. Once the payments to the ex stop, I’ll keep making the same investments into mutual funds and a bank account. When I have enough to live on for a year, I cash out my Yahoo stocks, quit my job, and get to work.

We all work for ourselves. The question is, do you want to have one big customer, or a lot of little ones? I think that a lot of little customers would be a lot more fun, and would scale much better. I want to work 10 times as hard for 1/10th the time. I want to retire at 40 and be set for life. I want the freedom to pursue whatever goal satisfies me the most.

What’s the worst that could happen? I fail, and have to get a job?

But, what can you do without at least $100,000? Not much.

OK, I am counting all my money, including retirement, education, and my checking…put all together I have about 48,900.00 saved, which is a tad less than I had last year…not bad for someone a couple of years out of college, but it’s not going in the right direction…so I am aiming to increase this. We’ll see how it goes! Almost halfway there!

well, right now I’ve only got about $2000 saved. I just set up my money market account to auto-deposit $500 every month…so that means I should have $100,000 in about 16 years. For some reason, that feels like way too long to wait. I’d like to have that much in less than ten years. Preferrably less than five. I have no plan for this except to luck out, which I have a good track record of doing.