My Million Dollar Goal : How do I plan to achieve it?

In order to achieve my million dollar goal by the age of 35 with a yearly Return on Investment of 30%, I would need to end the year with at least $72,800. I created a spreadsheet above to determine my target for net worth each year. To achieve 30% returns every year is a difficult task, but it is a target that I strive to achieve. My strategy is to emulate Warren Buffett's strategy in investment. Warren Buffett said "I think I could make you 50% a year on $1 million. No, I know I could. I guarantee that." For me, I know I won't be able to match Warren Buffett's achievement. However, considering 60% efficiency in my 'imitation' I should be able to target 30% returns.

In the early years if returns for investments is not satisfactory, it could be easily made up by savings. But once my net worth gets bigger, savings would not be able to cover poor investment returns. Therefore the critical factor to achieve my million dollar goal is satisfactory invesment returns.

I set out to put my investments reasoning in this blog to see how I perform and at the same time track my net worth to ensure that I do not get distracted in my pursue of my Million Dollar dream. The benefits of recording our reasons for stock selection is manyfolds. Besides ensuring that I do not sway away from Warren Buffett's strategy of 'Intelligent Investing' (Investing is intelligent when it is most business-like.); I could take advantage of falling prices as and when Mr. Market is depressed. Fluctuation in the market is volatile in the short-term, prices can fall drastically even when the underlying business is doing well and vice-versa. We are not right or wrong because of the stock prices but because of our reasoning.