Time to Work with a Five Year Plan!


One of the habits of the rich that we’ve talked about in the previous article here at Romania Experience was goal setting. And not your regular monthly or yearly set of goals which most of us already have in our agenda (and I personally keep failing them), but goals a little bit far off in the future: a five year plan.

I never went further than one year with my planning until now. Of course, when I was younger I had plans to get married someday, have kids someday, own a house some day, visit Thailand someday… but it no longer works like this! If you have a specific deadline for each of your goals, it is easier to make it happen. If you have “some day” as a deadline, then it means it’s not going too happen too soon. Because if you don’t set your goals and your deadline, new things will appear on the list and, even worse, it’s a lot easier to say that you’ll start working on that particular goal “tomorrow”. At least this is my case and this is one of the main reasons why I feel the need to create a five year plan right now!

So after spending some time with the outdated pen and paper (I still love to write on paper and I have my desk filled with scribbles that always end up in the trash somehow), I managed to come up with a challenging five year plan, but also a five year plan that I am confident I am able to fulfill before the deadline. So here are my big plans for the future:

1. Buy a house by March 2015

Even sooner than five years, this is probably the most important task right now – we need a house to call our own and we need it fast. Now that Baby Romanian has been born and our living area has been turned into the child’s nursery, things have to change. Selling my big money making website was the first step in getting closer to having the money for the house and hopefully by March 2015 we’ll have them all. Because unless impossible otherwise, we don’t plan on loaning (and in Romania you can get a nice 3 bedroom house with around 75,000 Euros so we’re not planning to save up hundreds of dollars… yet)

2. Set up a one year emergency fund

We started working on this one already, but we’ll probably have to use the money here for the house. I want that by August 2018 (the deadline for all the goals from now on) to have the one year emergency fund in the bank and never having to use it. Since we’re living in Romania we don’t need an awful lot and 14,400 should be enough for this fund.

3. Visit the USA

Probably every person born in Eastern Europe has this goal high on their priorities list. I do have it too and I dream about this ever since I was a little kid. I want to go there and experience things that seem natural to US residents. I want to eat a real hot dog, I want to eat a real hamburger, I want to try out all those foods I’ve only seen in the movies, I want to be surrounded by Americans and interact with them, I want to visit a skyscraper, I want to go at a barbecue party, I want to watch a baseball game (although I don’t really understand it), I want to feel the US soil under my feet!

4. Vacation in the Caribbean

If I am going to visit the US, why not go a little bit to the South East into the Caribbean paradise? One of my more recent dreams is going on vacation to the Caribbean islands. I have checked out some offers for the Dominican Republic and we actually afforded to go there this year. But Baby Romanian had to come this year so we have delayed this indefinitely. But by the time he’s five we have to get there!

5. Get an average income of $5,000 per month

Of course, the sooner I make this happen, the better, but the goal is to reach 5,000 USD per month in net income by August 2018. I was already there with the blog that I sold, but now that it’s gone, my earnings have dropped considerably and some really hard work is required to get back on track. But that’s what I do – I am a hard worker, so this should happen as soon as possible!

And this is my five year plan. Strangely (or not) all the items on this list have something to do with money. Of course I want to be healthy and happy, but that’s kind of a lifelong plan and “be healthy” would be too vague at the moment… so I decided to cut stuff like that off the list.

What about you? Do you have a five year plan or you prefer to go for short term goals?


  1. Good luck with your goals…I’m sure you will be successful! I’d also like to buy a house, but housing is so expensive in NYC. So where would like to visit when you go to the US? I went to the Dominican Republic years ago, it was pretty affordable. Although the flight might be more expensive for you guys.

    • Thanks, man! I think that I’d love even a small town in the US, just to be there :)) But if I were to choose, New York would be my first choice, followed by LA and Chicago. 🙂

      And yes, that’s true about the flight price – it’s actually more expensive than the all inclusive hotel deal for 7 nights :))

  2. Wow, those are pretty ambitious goals and I believe without a shred of doubt that you are probably already on a path to achieve them. As you’ve already pointed out, goal setting is one key ingredient of success 🙂 All the best. I would also want to visit the Caribbean sometime.
    Personally though, I tend to do better with short term goals, like a year or so…long term, I just have fuzzy visions of where I’d want to be.

    • It’s clearly a lot easier to manage short term goals and see how you’re doing and I am sure that they are vital for one’s success and to a point to the success of long term goals. In the end, if my monthly goal is to save 50% of my income, that clearly helps with everything on my five year plan 🙂

  3. I’m liking all the goals so far! We managed to buy our house through a special military loan since I served in the Air Force for 4 years. If I hadn’t done that then we wouldn’t of been able to get a house as easily.

    I keep meaning to start up our emergency fund but have been a bit negligent in that department. I really should just put like 20 bucks or so a week in there so the account at least starts building something.

    When you do make it to the U.S. you should hit up the Navy Pier in Chicago but honestly I wouldn’t go much further into the main city. It just isn’t what it use to be when it comes to public safety. As for the Caribbean I share the same goals there. I’d love to cruise around for a month or so going island hopping in coastal waters.

    Good luck with all. You seem to have the right motivation and skill set to make it happen so I’m sure it won’t take you long to achieve your goals.

  4. Those are great goals! I think they’re achievable as well. L.A. is a tricky place to visit, as it’s not readily apparent where the best places to visit are. I’m biased, but would recommend San Diego if you want to see Southern California.

    • I am sure that there are so many places to visit and I am sure that each state, city or town would keep me on cloud nine. First step is to get there and then hopefully I can come over and over again to see more 🙂

  5. I love vacationing in the Carribean. Although it’s a little tougher now with a 2-yr old. Most of my goals are short-term, as I can keep them. But my wife (who’s Irish) and I are planning to go to Ireland in the next 4 years, when my little one is older. So we’re putting some money aside now, and every month. Good luck with your goals!

    • Ireland is a dream destination of my wife so hopefully we’ll get to visit it soon too. Indeed a child makes things a bit more difficult (ours is just 1 month old :D) but… it can be done!

  6. I dig your goals, they are so important as they provide a visual reminder (that is if you write them down) and a checkpoint throughout the year. Keep it up, especially coming to the U.S.

  7. I like the idea of a five year plan much better than shorter term lists. A long term plan with milestones helps you achieve something worthwhile. Daily to do lists make sure the laundry gets finished. 😉


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