If there’s one thing millennials have made clear by their binge-watching habits, it’s this: we’re all in on the voyeuristic thrill of peeking into how people spend their cash. Bravo’s Housewives, HGTV’s Fixer Upper, MTV’s Cribs and Pimp My Ride – it’s all about the homes, the cars, and the over-the-top parties. And apparently, MTV knows how to cater to our voyeuristic tendencies.
Now, according to a recent Schwab study, 54% of those with a financial plan feel super confident they’ll hit their money goals. Compare that to a measly 18% of those flying blind without a plan. The takeaway here is clear:
Financial planning isn’t just for the high and mighty. It’s not a snooze-fest for the wealthy elite; it’s about setting goals and tossing in the step-by-step guide to make it all happen.
Our typical client? A cool 35 years old. Sure, we see the usual suspects on the planning checklist – house, kid, that sparkling engagement ring, maybe even an MBA. But let’s not forget the wild and wonderful things people want to splash their cash on. So, every December, we review the year for the juiciest and most entertaining goals.
So, grab a seat, pour yourself a drink (or dry January mocktail) and soak in the inspiration because when you’re young and have your financial game on point, the possibilities are endless.
Welcome, one and all, to the 2nd annual Top Ten Goals by ARC Wealth
10: Wedding in Reims – $30,000
What’s better than a summer wedding? How about a wedding in one of the most romantic destinations in the world. The ceremony will be in a medieval castle, and they’ll spend the honeymoon touring France and Italy.
9: Detriot Lions Tickets and Private Facility Tour – $6,000
Big bucket list item. This life-long Detroit fan wanted the full experience and got a tour of Ford Field.
8: Six Month Vacation – $24,000
This client works a high-stress job and planning for the much needed downtime took years. They booked a few trips, but the time off is more about recharging and freedom.
7: Sauna – $2,999
After a long day’s work and a session in a home gym, why not jump in a personal sauna for the health benefits (and stress relief) We love this client’s investment in their health.
6. Property Purchase in Spain – $225,000
A combination of savings, an inheritance, and RSUs made this dream possible. This client works from home and plans to move to Spain and continue their career in tech. Traveling in Europe in much easier while living and working in a Spanish villa.
5. Monte Carlo Open – $8,000
This tennis enthusiast wanted to partake in one of the bigger tournaments, and what better place than Monaco and the French Riviera. This two week vacation will include traveling to various port cities in France and Italy.
4. Restaurant Purchase – $75,000
More of an investment than a splurge, this client bought into an already established hospitality brand as a silent partner. Drinks on them!
3: 30 Days of Sports – $15,000
This couple spent their honeymoon traveling the US eastcoast during baseball season, visiting historic venues like Fenway and modern marvels like Yankee Stadium.
2. Work Visa in Japan – $25,000
This client jumped on the opportunity to further his career in Toyko while living like a local. Best of both worlds!
1. Mexican Grand Prix Paddock Pass – $12,000
The premium package included a grid walk and a tour of the McLaren paddock, plus VIP treatment throughout the Gran Prix.