Investment Goal #5 - $100,000 by the end of 2021 in Savings Account (Stocks, Cryptocurrencies, Peer to Peer Lending)

This article has been in my blog drafts section since January 2018. With the New Year fast approaching, I took another look on it, and despite the goal sounds a bit scary to me now, I decided that January 1st, 2019 is a great day to publish it. As they say, there is no better date to make a wish. Here you go - my New Years resolution - a plan for the next three years.

I'm 33 now, and I have a goal to have in saving account a million dollars by the time I will turn 60, in 2045. I started my wealth building journey just two years ago in 2017, and by now I've managed to save ~ $20,000. On average that's about $10,000 a year.

To make it to $100K in the next 3 years, it would ask me to save $80,000 or about $26K a year. With my current savings rate, I could barely reach $50K by the end of 2021.

Now, that's why I decided to boost my goal (Which is just a small step from the bigger goal) - frankly speaking, from today's perspective, looking - I have not a single clue, how to double my savings rate on a yearly basis. 

On the other hand, there are a couple of options I'm considering now - like earning more (still just around $20K a year) + investing in value growth stocks and cryptocurrencies.

Take a look at my previous investment goals:

Now, I have said it load, no way back. $100,000 in savings account by the end of 2021. I will be then 36/37 years old. For a guy in his late thirties that amount of money sounds reasonable to have. 

How about you? Think it's possible to save $80K in just 3 years? What would be your investment strategy? Let me know in the comments section, readers and I would love to hear!

Happy New Year 2019!

Investment Goal #5 - $100,000 by the end of 2021 in Savings Account (Stocks, Cryptocurrencies, Peer to Peer Lending)