What can you do in 10 years @lukethorntonlivinglife What can you do in 10 years or 3,650 Days
A year can seem like an eternity when you are young and I mean less than age 50⦠But I suggest giving yourself permission to think bigger and beyond one year for the sake of this video I am talking about 10 years
The book: Die with Zero.
My life experience has taught me Your life has ups and downs ā my life has had many ups and many downs just like anyone.
In 10 years, you can accomplish a wide range of personal and professional goals, such as earning a college degree, starting a family, buying a home, or changing careers. Some people focus on developing new skills, traveling, or achieving financial stability, while others aim for specific milestones like getting married, having a child, or buying a farm. The possibilities are vast and depend on individual aspirations and focus.
Personal and family life
⢠Start a family or get married.
⢠Buy a home or farm.
⢠Deepen friendships and build community ties.
⢠Improve physical and mental health through fitness or a balanced lifestyle.
⢠Travel to new countries and visit different continents.
Personal Growth & Lifestyle
⢠Master a new skill or language: Ten years is sufficient time to become exceptional at something, whether it's learning a new language, a musical instrument, or a martial art.
⢠Prioritize health: You can transform your physical health, run a marathon, get scuba diving certification, or build the body of your dreams through consistent effort.
⢠Travel extensively: You can plan and execute significant travel goals, from visiting a foreign country for the first time to visiting every continent.
⢠Develop strong relationships: Focus on building a strong community, fostering family harmony, or finding a life partner.
⢠Cultivate mindset and balance: Work on developing empathy, rational decision-making skills, and a healthy work-life balance.
Education & Career
⢠Advance your career: You could move into a leadership position, become a subject matter expert, or even start your own business.
⢠Further your education: The 10-year span allows for completing a degree, earning a master's degree, or obtaining a PhD and becoming a professor.
⢠Enter a high-demand field: Pursue careers in growing industries like healthcare (nursing, physical therapy), technology (AI, cybersecurity, data science), or renewable energy.
⢠Achieve financial independence: Set and work towards significant financial goals like paying off debt, building a substantial investment portfolio, or even retiring early.
⢠Achieve financial stability or a specific savings goal.
⢠Learn to manage finances and invest.
⢠Reduce stress and make time for leisure activities.
⢠Learn to cook new, healthy foods.
Here is a simple fact and easy investment for anyone, Roth IRA ā just use direct deposit in 10 years
Step 1: $100 month for 3 years - $1,200 a year $3,600 saved
At 7% Annual Return:
The future value after 3 years is approximately $3,929.56.
At 10% Annual Return:
The future value after 3 years is approximately $4,136.21.
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Step 2: the next 3 years of contributions $200 month $2,400 year or $6,000 saved
At 7% Annual Return:
⢠The $3,929.56 from the first 3 years grows for another 3 years to $4,828.61.
⢠The new contributions of $200 per month for 3 years grow to $7,859.12.
⢠The total balance after 6 years is approximately $4,828.61 + $7,859.12 = $12,687.73.
At 10% Annual Return:
⢠The $4,136.21 from the first 3 years grows for another 3 years to $5,589.65.
⢠The new contributions of $200 per month for 3 years grow to $8,272.42.
⢠The total balance after 6 years is approximately $5,589.65 + $8,272.42 = $13,862.07.
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Step 3: $400 month 4 years or $4,800 year $19,200 in 4 years
At 7% Annual Return:
⢠The final total balance after 10 years is approximately $16,681.44 + $21,559.13 = $38,240.57.
At 10% Annual Return:
⢠The final contributions of $400 per month for 4 years grow to $23,245.92.
⢠The final total balance after 10 years is approximately $20,676.01 + $23,245.92 = $43,921.93.