Money and Finance
My ultimate goal is to be able to retire by 40 by replacing all of my income with dividend payouts. I have a long ways to go but am working on making progress towards it.
Budgeting goals for 2012:
Average 70% after-tax savings rate
Average less than $1,600 per month in required expenses
Reduce miscellaneous spending by 20%
Reduce restaurant spending by 20%
Reduce grocery spending by 10%
Savings goals for 2012:
Payoff all debt
Surpass $100,000 for my net worth
Investing goals for 2012:
Receive $1,000 in dividends
Obtain 3.00% or higher YOC for my brokerage account
Surpass $100,000 in investable assets
Max out 401k
Max out Roth IRA's for myself and my fiance
Personal Goals for 2012:
Lose and keep off 20 lbs
Workout 3x per week
2+ blog posts per week
I think the hardest goal to reach will be the $1,000 in dividends since I will be focusing almost exclusively on paying off debt. The plan is to get the debt paid off by October 2012. For 2012 I will be including my debt payments in my savings rate calculations.
- 2013 Goals - 1st Half Update
I can't believe the 1st half of the year is already over with. Or July for that matter. It seems like July 4th was just yesterday but the end of the month is almost near. Now that the 1st half is done, it's time to look back and see where...
- 2012 Goals - 4th Quarter Update
2012 is now in the books so it's time to check up on how my goals went for the year. Overall I'm very pleased with how the year went although there's still some things I need to work on in 2013. Without further ado, let's check the...
- 2012 Goals - 3rd Quarter Update
Well, another quarter has come and gone so it's time to see how the 3rd quarter went. The first three quarters of this year have been great for me financially and let's not forget personally. I got married the middle of this year and can't...
- 2012 Goals - 2nd Quarter Update
The first half of the year has seen great strides in some areas and left plenty to be desired in others. That's the reason I've started to keep track of my annual goals and am providing updates, it forces me to be accountable and stay on target....
- 2012 Goals - 1st Quarter Update
I've made some good progress through the first 3 months of the year, but it's still early in the year and there's always more to work on. .nobrtable br { display: none } tr.alt td {background-color: #ffffff; color: black;} caption {caption-side:bottom;}...
Money and Finance
2012 Goals
My ultimate goal is to be able to retire by 40 by replacing all of my income with dividend payouts. I have a long ways to go but am working on making progress towards it.
Budgeting goals for 2012:
Average 70% after-tax savings rate
Average less than $1,600 per month in required expenses
Reduce miscellaneous spending by 20%
Reduce restaurant spending by 20%
Reduce grocery spending by 10%
Savings goals for 2012:
Payoff all debt
Surpass $100,000 for my net worth
Investing goals for 2012:
Receive $1,000 in dividends
Obtain 3.00% or higher YOC for my brokerage account
Surpass $100,000 in investable assets
Max out 401k
Max out Roth IRA's for myself and my fiance
Personal Goals for 2012:
Lose and keep off 20 lbs
Workout 3x per week
2+ blog posts per week
I think the hardest goal to reach will be the $1,000 in dividends since I will be focusing almost exclusively on paying off debt. The plan is to get the debt paid off by October 2012. For 2012 I will be including my debt payments in my savings rate calculations.
- 2013 Goals - 1st Half Update
I can't believe the 1st half of the year is already over with. Or July for that matter. It seems like July 4th was just yesterday but the end of the month is almost near. Now that the 1st half is done, it's time to look back and see where...
- 2012 Goals - 4th Quarter Update
2012 is now in the books so it's time to check up on how my goals went for the year. Overall I'm very pleased with how the year went although there's still some things I need to work on in 2013. Without further ado, let's check the...
- 2012 Goals - 3rd Quarter Update
Well, another quarter has come and gone so it's time to see how the 3rd quarter went. The first three quarters of this year have been great for me financially and let's not forget personally. I got married the middle of this year and can't...
- 2012 Goals - 2nd Quarter Update
The first half of the year has seen great strides in some areas and left plenty to be desired in others. That's the reason I've started to keep track of my annual goals and am providing updates, it forces me to be accountable and stay on target....
- 2012 Goals - 1st Quarter Update
I've made some good progress through the first 3 months of the year, but it's still early in the year and there's always more to work on. .nobrtable br { display: none } tr.alt td {background-color: #ffffff; color: black;} caption {caption-side:bottom;}...