Could I be a millionaire in 5 years?

 So do you know I've been sitting at this computer for the last 4 hours doing absolutely nothing! I logged on to write the last post and just kept sitting. I'm here 5 days a week and for the last 3 months I've been using weekends to do my de facto part-time job of updating our Knowledge database.  So I guess I just got used to it?

I literally just opened some Powerpoints I made recently and just looked at them and felt proud of myself. Weird right? 

I have at least a month of dirty dishes downstairs that remain undone. 

But I'm just sitting here letting my thoughts wander.

As I'm wont to do in these silent moments, I try to calculate my way to freedom. 

Last time, I recalculated my COVID 2021 Spending and Savings Targets. That was fun! Just to dream a little. 

The calculating helps me to cope - sometimes. 

In this hopeful calculation, I looked again at how much I could hope to earn this year, 2021.

Base: $120,000

401k match (6%): $7200

Basic Bonus (22.5% (w/multiplier) for the half year I worked in 2020): $13,230

Total 2021 compensation potential: $140k/yr (if I stay, i.e. this is some pretty good motivation to stay and smack a smile on my face!!)

Estimate 25% for taxes, leaves: $105k potential net pay

If I do just a regular $30k for expenses, that leaves potentially $75k for savings this year. Wait, I forgot about my COVID year! Dare I?!! If I only spend $15k this year  that leaves $90k potential savings!!! That's insane!!

And next year if I get the full bonus for working all of 2021, I could potentially net $111k for the year!! Bananas!

And of course I had to plug it into the investor.gov calculator... 



Voila!

Starting with $300k; monthly contribution $5833/mon (or $70k/yr), at 10% interest rate. 

I can't even think five years. I'm just trying to make it to two years with my head down. 

Okay, finally made the decision to order some Thai food! Actually I've been trying to since New Year's but Uber Eats app get malfunctioning. Yay, I'm leaving the house! And I actually need to go to the bank too! Win!

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