Let me give you the details of my life & business plan. Will you provide general feedback?

I plan too much. I'd like external input.
I make avg $ a year - and am currently earning a BS in comp eng. Next enroll I'm changing 401k from 5% to 15% - I'm currently putting away 198.66$ twice a month towards savings to accumulate enough to save in mutual funds; which I plan to buy in 2-3 years time. I'm also saving 25$ cash once a month to start buying bonds soon. In 5-10 years time, I will purchase an auction-type home in my name, and rent that out to cover mortage + income. I already live with a home owner.

I want to get enough to purchase a local franchise.

In the mean time, I still have a full time job, will probably go after a business masters after I grad; and have started doing part-time comp repair, web develop, and have a few ideas I'm kicking around to sell programs to companies for their machines.

- Tell me about life, any advice on the above matters: things to look out for, a thumbs up, whatever. First time I'm pitching this to someone, so thank you in advanced

General advice:
Stick to what is working for you.
Absolutely set goals, and try to meet them.
Remember that things change, adapt don't scrap your plans.
Planning too much is not a bad thing, unless you can not cope with change.
Money seems to be important to you. Don't get caught up in situations where your money is tied in with someone elses.
No sharing bank accounts, or credit. Ever.
When you fail start over, don't give up.
Hope that was what you were looking for.
Good luck

YOU HAVE AN EXCELLENT PLAN AND GOOD LUCK WITH IT TO DIVERSIFY GIVES YOU MUCH MORE OPTIONS AND CONTINUE TO SHOP FOR GREATEST RATES FOR MORTGAGES AND BONDS RATE OF GROWTH... YOU ARE OFF TO A GREAT START AND THERE IS NOTHING WRONG WITH PLANNING A FUTURE. AGAIN YOU ARE ON THE RIGHT TRACK

Plan sounds ambition & good.

Mutual funds are good but they fluctuate. You sound like a smart person who has some business savvy. Why not make your own stock choices? Use ameritrade and you can buy for under $10/trade... and then you're not paying brokers fees and admin costs.

"In 5-10 years time, I will purchase an auction-type home in my name, and rent that out to cover mortage + income."

You can't usually buy a home at auction with a traditional mortgage. Will you buy with cash? You can't cash in all your 401k money w/o high penalites. Reconsider this and instead buy it the traditional way so you can get the low interest rate.

" want to get enough to purchase a local franchise."

What kind of franchise? You mean start a small business by buyinginto a franchise? Or buying a preexisting buisness?

"In the mean time, I still have a full time job, will probably go after a business masters after I grad; and have started doing part-time comp repair, web develop, and have a few ideas I'm kicking around to sell programs to companies for their machines."

You need to focus on what you really love. Without focus you'll always be doing 12 different things and never become an expert at any one thing.

If income is a high priority for you, computer repair isn't a good option. The few companies who do hire support people may only pay $10/hr. Most computers are so disposable nobody wants to invest labor $$$ in repair.

If you're heading towards a MBA, why not take on a job relating to business and/or management instead of webdesign? Work your way into asst manager then manager somewhere (anywhere!) to get experience.

Good luck to you!

That seems like a lot of if's. Nothing wrong with that I'm not here to put down your dream. Look closely at the way a 401 K does later. $1mil now is actually about $250,000 in 40 years. The $ doubles every 10 years on 7% interest. It will work the same way backwards. The dollar doesn't stretch as much as it used to and it won't be any more flexible in 40 years. Real Estate isn't solid enough to rely on. There is an insane amount of over head in franchising. You need passive residual income, that grows.

You don't know what you dont' know.