metallicaeg posted:

End of February: $29,854
My progress is going to be poo poo the rest of the year. Went through an awful break up, which on the financial side of things it'll cut $600 a month in shared living expenses.
I have 9 credit accounts with balances now, and where I was planning eliminating two of those balances (which were at one point a combined $3500) I'm now looking at only eliminating one this year.
Company is going through Chapter 11.

Guest2553 posted:

1) Save 24k plus whatever I get from my tax return On target for Feb, 2k saved Still 1500 behind because of Jan but should be able to make that up later
2) Get recommended and selected for a promotion at work I've accidentally picked up some difficult high profile projects so that resume is gettin' padded in a good way.
3) Read a book every month Ended up going through two books this month - Slaughterhouse Five for myself and The Hobbit for my kid as a bedtime story over a couple weeks.
4) Get (back) into shape and look good naked by 1) working out at least 5 times a week Done.
2) eating a big-rear end salad for at least 5 days a week. lettuce for the lettuce god.

Stretch goal is to do a 2-3 backpacking trip per month once the weather gets warm and go on a hunting trip. I found a local group big enough to get a guaranteed deer tag in the fall, hopefully our schedules work out

Spokes posted:

Added a $500/month cc payment to my budget and cut out a ton of stupid food/gaming expenses.
Go out to eat once a week max, fast food three times a week max. I have every variety of grill and slow cooker and kitchen gadget there ever was, might as well use them.
Gym at least once a week, use rowing machine at home three times a week. (Gym Saturday, rowing M/T/R)
Should be able to lose ~2 pounds a month by making these changes, because my starting point is a hell of a lot worse.

EAT FASTER!!!!!! posted:

By end of Q1:
- Pay remainder MBA tuition in full. Tuition paid in full middle of February. I was the first to pay for it, but it feels good to have it off my list.
- Begin a taxable investment account. Begun and funded to the amount I was hoping.
- Document approval and payment status for student loan forgiveness. Paperwork came through, it's all been submitted.
Now the bad, I had a car smash up earlier in February and will probably owe about $1,000 to cover the insurance deductible. I might have to get an attorney or have some more ticket related expenses.
We also severely under-withheld for our 2017 taxes (for which we've adjusted moving forward) but we owe the tax man quite a bit of money. We won't be able to FULLY replete our EF until May 1.

By end of Q2:
- Breach zero net worth. Dicey, given the throes of the market!
- Acquire MBA. The end is near!

By end of Q3:
- Pursue baby 2. We've started talking about this one a lot more, and I think this is the right timeline.

By end of Q4:
- Our 403 (b)s fully funded. This happens automatically.
- Under 80% value remaining on the mortgage so we can refinance if we have to.

Yearly Stretch Professional Goals:
- Acquire second medical directorship, commensurate pay increase and administrative time benefit. No sign of this upcoming.
or
- Leave and found a startup. On hiatus for now.

Things we will not try to do:
- Acquire any new debt.

Stretch Goals
- 457 plan launched at work. University president has agreed, uncertain of the timeline.

Stretch Personal Goals
- One muscle up. This project continues on pace.
- Thirty (30) new books read. 12 new books read at this point, I'm going to crush this goal.
- Rower used 100 times I've only been on it 10 times at this point, so I'm a bit behind for my schedule. I plan to increase my frequency this month to finish out the quarter strong.
- Cook 48 meals. I need to do one meal a week for the next 4 weeks to stay on pace.
- Clean basement to where I would be comfortable hosting a World Cup viewing party. The basement is both better - and worse - than it was a month ago. I have abandoned some of the spending I planned to do for this party, but I still want it cleaned up and organized by that date. I'm probably going to be hosting my World Cup party upstairs, instead.
- Write a book to self-publish. I got a couple chapters into this and realized I need to finish my MBA before I can give this the time it deserves. On hiatus for now.

Good Will Hrunting posted:

Finance:
1.) Make $5500 contribution to ROTH (MIGHT be eligible by about $2k since I forgot I took extra time off between jobs) - 4k down
2.) Max 401k again - On pace
3.) Monthly budget of $1400 for all non-rent expenses (lol @ bad mental health plans) 2 ez but summer will change this
4.) Buy new MacBook Pro upon release as I have no laptop (~$1400) Soon, got a nice bonus that will cover most of it
5.) **If 1 falls through due to bonus** Contribute $5500 to regular brokerage account 3k done!
6.) Contribute $10,000 cash to my down payment account $0!
7.) Contribute $5-10k to regular brokerage account pending ROTH contribution Likely $5k since I am doing roth as well

~FUNANCE~
8.) Buy a little guitar and pod for noodling at my apartment ($500-600) Soon
9.) Upgrade my graphics card ($500) This turned into building a new PC and that's okay since it was covered by my tax check
10.) Take a trip somewhere I have no idea where!!!!

Stretch:
1.) Get a 100% remote dev job

drainpipe posted:

Whoo, just got into personal finance last year. Gonna give this a shot.

2018 Goals (most of these will be on autopilot):

1. Max 457 On track except for a small hiccup in the first pay period (in January). Considering upping my contributions to account for this.
2. Contribute ~1116k to 403b Same as above. Might end up maxing this if I end up taking on a summer project.
3. Max Roth IRA Done already
4. Max Wife's Roth IRA Done already
5. Look at possibly buying a house this year (20-30% likely) Definitely not this year

Stretch if there is free money left over: add another 5k to house downpayment. Maybe, but likely not

EAT FASTER!!!!!! posted:

BAE OF PIGS posted:

You were the one that had the huge speeding ticket, right? Like 30 over on the interstate?

It might be a wise investment to take a driving class.

EAT FASTER!!!!!! posted:

Good insight bae, I'll be sure and take this into consideration moving forward.

BEHOLD: MY CAPE posted:

Long time reader, first year poster. Editing a little bit to clarify and operationalize some items. Thank you to all posters in these annual threads as well as the rest of this sub for sharing your goals and successes. I have in many ways patterned my goals and financial life off of the advice and plans set forth in these threads.

State of the Union January 2018:
-Married, no kids
-Two professional incomes as of last year
-Student loans for both, mine refinanced to 3.5% and hers currently eligible for PSLF and an underserved repayment program
-New house in late 2017, own three properties with three total rental units. Mortgages at 5.0%, 2.6% and 2.9%.
-Almost maxed 2017 403b/401k/solo 401k despite job change and both being ineligible for employer sponsored plans for part of the year
-Boring old US/intl/bond portfolio spread around between taxable and non taxable spaces

2018 Financial Goals:
1. Hit $500k household income, stretch goal $550k. Income here defined as active professional income exclusive of rental income, loan repayment checks, and passive sources such as investment dividends.
Still cruising real good on this front, $600k would not even be impossible and will probably happen if rental and passive income is rolled in
2. Increase NW $250k, stretch $300k. NW here defined as mint account NW inclusive of net real estate and vehicle equity.
Ok now we are positive $20k at the moment, guess we will see what happens
3. Reaccumulate $50k cash after house purchase and 12/31 tax prepayments (thanks Trump)
Practically there
4. 75% of take home, post estimated tax payments to debt reduction, savings, or investments
I looked at my spending and I am not doing so good on this, had sort of a spendy month with food and entertainment then got hit with a bunch of tax bills, professional fees, and insurance premiums, will try to tighten the belt a little bit this month
5. Debt reduction strategy dictated by loan interest and tax considerations, will divide monthly savings after mortgages and car payments between student loan and cash investments at present
about to turn the screws on this. I noticed my student loan interest rate ticked up to 4.2% which is making me lean towards paying those off faster. For sure another 0.5% rate increase and I am gonna throw all my money at it ASAP.
6. Max backdoor Roth IRAs
Next on the to-do list
7. Max combination of Solo 401k, 401k, 403b, and mega backdoor Roth
On track
8. Work credit card sign up bonuses and 0% APR periods to maximum advantage, 2017 was a great year for points
Another 0% APR intro rolling for 15 months
9. Attempt to do all travel this year on points or expensed, spend less than $5k cash on travel
So far killing it, tons of points banked and a fresh expense account coming up for the fall
10. Investigate establishing LLCs for rentals and retitling for tax benefits
Verdict: not worth it at this point but may acquire future properties in LLC going forward
11. Investigate converting some or all of my wage income to 1099 income for tax benefits
Probably not possible due to group insurance underwriting
12. Try to increase professional side hustles e.g. consulting, maybe expert witness?
No news but eager and willing, putting in tons of extra hours at work though so all good on the income front at present even without side hustle
13. Consider adding a rental property, cash situation and opportunity providing
Didn't buy house next door. Eyes still out.
13a. Consider consolidating IRAs/403b/Solo 401k to purchase rental property in self directed plan
See above
14. Make appointment with my lawyer to do actual estate planning
Called him but didn't set a date for a real sit down
15. Consider trading toy car for less expensive toy car if I can walk away with cash.
Ready to enjoy the spring!

Non-financial Goals:
16. Work out six days a week consistently
Doing great, perfect month averaged out
16a. Build a cheap gym in my basement to facilitate this goal.
No activity but would like to have something ready for the fall, specifically when daylight savings time changes back over in the fall and ruins my outdoor life for 6 months
17. Run two races after a fat sad zero in 2017
In training, putting in the miles for the first time in a while
18. Make friends in the new neighborhood
Planning to host a housewarming party, still no solid dates
19. Do some improvements to the house and yard, possibly revamp the deck, do some gardening and landscaping
Driveway grading is underway, will try to do some gardening for the spring
20. Try to cook more regularly
Still cooking and enjoying meal kit, money well spent and decreasing weekday eating out
21. Lose 10 lbs as a result of 16 and 20
minus 2 lbs as of this morning
22. Fun splurge for anniversary or birthday at a Michelin star restaurant, location TBD
Wife's birthday Kaiseki reservations are made, currently resisting Alinea or Next on an upcoming trip

BEHOLD: MY CAPE posted:

metallicaeg posted:

December '17: $31,981 in credit card debt, spread across 11 accounts.
End of January: $30,607.
End of February: $29,854

IllegallySober posted:

Just wanted to say hang in there, dude. Any progress is better than no progress and sometimes holding the line is an achievement in itself.

Dangerous Mind posted:

Contribute $5,500 to a Roth IRA by April. Done.
Finish saving $12,000 as my 6 month e-fund. Done.
Create a 6 month e-fund for my mom (~$6-8000). Slightly postponed. I plan to contribute $5,500 by end of May or June to my Roth IRA so that my 2018 contributions are maxed.
Possibly refinance my car loan. Will probably do sometime during the summer.
Continue finding ways to lower my mom's monthly expenses since she's living paycheck to paycheck basically and I'm finally making some actual money and have the time and means and knowledge to help her figure things out. Sold her car and cancelled her car insurance. My sister and I are covering the phone bill. We also buy her groceries.

Spokes posted:

Met the credit card payment due to making extra money, budget is still not great. Did not see the inside of a gym or use the rowing machine once. I went ahead and made my own thread because boy howdy do i need a reality check. looking for better results by april 1.

spinst posted:

Increase e-fund from 7.6k to 9.6k: $8.2k
Contribute $2.6k to Roth IRA: $660

Spokes posted:

Update! I made my own thread and BFC yelled at me about not gambling while i have a ton of credit card debt and I cut my monthly expenses by a shitload (and was fortunate enough to make extra on the side). I've made significant progress toward paying off CC debt and i expect to have it done by the end of April at the latest--my goal when i first posted in here was "by the end of the year". So... I highly recommend making your own thread if you're stubborn and kind of dumb like me and need a dozen people telling you the same thing to grasp it.

DJCobol posted:

1) Max out Roth IRA contributions of $5,500 - Automatic bi-weekly transfers to accomplish this by the end of the year still in place.
2) Max out HSA contributions of $3,450 - Switched to pre-tax contributions instead of post-tax and claiming the credit on my return, but on pace either way.
3) For the first time, max out 401(k) contributions of $18,500 - Got a bonus check and had to adjust my percentage back down to avoid over-contributing, but still on pace to max out this year.
4) Use tax return and/or annual bonus to remodel my bathroom by the end of April - Not gonna happen by April. HVAC is dying a slow death and needs to be replaced first sometime in Q2.
5) Pay down current 5 year $21k car loan - No progress yet. Working on selling my only remaining motorcycle and will toss that money at the car.
6) Vacation somewhere not in North America (Iceland maybe?) - Zurich in April booked, then cancelled due to work conference conflict. Rebooked Munich in August, may cancel that too in favor of Christmas.

Stretch goal: pay off car loan completely by the end of the year - House needs too much work at this point, especially if I want to sell in a couple years. I don't see this happening this year.

Non-financial goal: On pace to lose 70 pounds durning 2017 with 50 of that happening since Labor Day. Combining StrongLifts 5x5, keto diet, and 16:8 intermittent fasting, I hope to lose another 70-100 pounds in 2018.
Losing 1.5 pounds a week so far. Not great, but not terrible either considering I spent roughly 8 weeks so far this year out on the road. I'm hoping that staying at home will let me get back into a regular workout and mealprep routine

Good Will Hrunting posted:

Finance:
1.) Make $5500 contribution to ROTH - Done
2.) Max 401k again - Pace
3.) Monthly budget of $1400 for all non-rent expenses (lol @ bad mental health plans) - Bit off but not concerned yet
4.) Buy new MacBook Pro upon release as I have no laptop (~$1400) - lol Apple
5.) **If 1 falls through due to bonus** Contribute $5500 to regular brokerage account - $3000 here
6.) Contribute $10,000 cash to my down payment account - $0
7.) Contribute $5-10k to regular brokerage account pending ROTH contribution - $3000

~FUNANCE~
8.) Buy a little guitar and pod for noodling at my apartment ($500-600) - Not yet
9.) Upgrade my graphics card ($500) - Done
10.) Take a trip somewhere I have no idea where!!!! - Focused on leaving toxic job atm

Stretch:
1.) Get a 100% remote dev job - Not yet

Omne posted:

2018 Goals

1. No. New. Debt. Period.
2. Savings: Save $15k in house down payment fund. Starting point: zero.
3. Savings: Maintain a $2k balance in medium term savings at all times.
4. Debt: Pay off my FedLoan balance (6.8% interest, $7500 balance)
5. Debt: Get NelNet loan balance < $10k (4.25% interest, $12,900 balance)

Stretch Goals:
6. Save $20k in house down payment fund
7. Earn some side income

Potrzebie posted:

Bought house, final down payment march 2018. Baby #2 May 2018


Goals:

*Not implode economy. So far so good!
We've been at the house for a month now. Still no indications that Grover used to live here. We've managed to stay within a couple of hundred dollars of our old monthly living-in-an-appartment budget. This is with all the costs associated with moving and purchasing+owning the house, so that was nice. We managed to lower our mortgage interest rate to 1.26% while keeping our bank that we like; witch was unexpeted.
*Keep up savings goal of 30% of take home salary. TBA.
Going back to work next week after nine months of parental leave (this btw kicks rear end -go socialist paradise!). I have not been so frugal as to save 30% of my parental allowance check -that would be bonkers.
*Keep growing with company, keep salary growth. Sort of kinda.
Got a 2% raise this year witch is lower than last year but then again I have not been at work for nine months. The company has grown fine without me and a change in management should present opportunities for me to expand my role at the office.
*Move my rear end before I develop total dadbod. If at first you don't succeed try and try again.
Started getting back into swimming but fell off the wagon. I plan on riding the bike to and from work (20km per day) and with a child seat mounted this will actually save me time when dropping off/picking up the kid from kindergarden.

EDIT TO ADD:
*Open tax-advantaged account for baby #2. Save $70 per child per month. This is the most important thing. No kid to do this with yet.
Estimated to arrive early May.
*Find person we like to live in our basement in order to reduce our CoL. After baby is born.
We found a cool site that matches university students with home owners, saving both parties the hassle of vetting and haggling over rent.
*Have nice enough vacation. We plan to go on a road trip this summer

balancedbias posted:

2018 Goals that are on Autopilot:
1-Max out retirement plans (I'm just going to lump these together because at this point that's how it feels) On track
2-Max the HSA will do based on how much total I'll save; see below
3-Maintain 529 contributions On track
4-Keep current car to the "breaking point" still going strong

BIG HARIY AUDACIOUS GOALS TIME!!!
5-Buy at least one rental property, preferably small multifamily (aka 2-4 units) It's over 10k saved so far. If I'm on the cusp, I'll delay a bit and finish maxing retirement accounts and/or look at syndication deals
6-Dedicate 10 hours/month to side hustle with best friend On track. It's not fair for me to label this as a side hustle; it's really a hobby. But we're having loads of fun, minimal expenses, and some day there may be some sort of revenue
7-NON FINANCIAL: Dedicate an average of 1 hour/day to exercise Started to drift away the past week due to work, but with a vacation coming up I should right the ship
8-NON-FINANCIAL: Read an average of at least 1 book per month (superstretch: 1 per week)meeting the superstretch so far

Grumpwagon posted:

2018 Goals
1) NO NEW DEBT - On track
2) If company situation continues to deteriorate, switch career from Software QA to Software Dev - Short term (Sr QA promotion): 3 weeks ago, I sent in my eval (a necessary step for promotion). I've been told a promotion is in progress, but haven't heard anything else. The company is in transition, and also dysfunctional, so I don't think they're leading me on, just dumb. I'm hopeful I'll see some action this month. Mid-term (dev transition): I finished the dev class I started last month, learned a ton, and am feeling very good about the dev transition. Probably later this year, but the company situation will dictate timing.
3) Bring emergency fund up to $19k - On track, at $14.4k now.
4) Max out Roth IRAs - Autopilot
5) Max both our 401(k)s - Still on track to max both. The promotion would give some breathing room here.
6) Increase NW to $215k/~50% savings rate - Haven't updated retirement balances, but I'd estimate NW is around $161k. Basically on track, although volatility in the market will make this interesting. More importantly, savings rate is on track.
7) Lose 10 pounds and keep it off - Great month here, down at least 7 of the 10 pounds I want to lose, maybe closer to 9. Very likely going to update this goal to 15, but we'll see when we get there. I haven't been able to run all month due to the injury I mentioned in the last post, so the 1Q 10k didn't happen, but that's out of my control and I don't feel too bad about it.

Misc goals
Stay current on YNAB, stay current on birth control (i.e. no kids please), keep learning in and out of my career (emphasis on house maintenance this year). On track. Got a plumbing book from the library and replaced some leaky faucets. Baby steps, but I enjoyed it!

DrNewton posted:

Hi Everyone!

So my 2018 really started at the beginning of March...

Guest2553 posted:

1) Save 24k plus whatever I get from my tax return 2k saved for march but 1500 behind YTD.
2) Get recommended and selected for a promotion at work Performance reviews are written - I haven't seen mine yet but I'm pretty confident I'll get the recommendation.
3) Read a book every month Done.
4) Get (back) into shape and look good naked by 1) working out at least 5 times a week Calling this technically done since I was really ill for a week and couldn't do anything.
2) eating a big-rear end salad for at least 5 days a week. Calling this one not met. since I missed a couple days on a work trip. That said, I had super disciplined eating on the work trip and was able to work out harder than normal. Came back weighing a few pounds less and wore some pants that haven't fit for a year, so it's happening

Stretch goal is to do a 2-3 day backpacking trip per month once the weather gets warm and go on a hunting trip. Bought my hunting license so the po-po won't catch me riding ranging dirty. No backpacking yet since second winter is only just passing.

Giant Metal Robot posted:

I'm joining this club of starting 2018 later on ....

BEHOLD: MY CAPE posted:

Long time reader, first year poster. Editing a little bit to clarify and operationalize some items. Thank you to all posters in these annual threads as well as the rest of this sub for sharing your goals and successes. I have in many ways patterned my goals and financial life off of the advice and plans set forth in these threads.

State of the Union January 2018:
-Married, no kids
-Two professional incomes as of last year
-Student loans for both, mine refinanced to 3.5% and hers currently eligible for PSLF and an underserved repayment program
Interest rate on loans went way up due to increases in LIBOR. Good news is I was able to re-refinance to 3.0% on a shorter term for >$3k interest savings this year
-New house in late 2017, own three properties with three total rental units. Mortgages at 5.0%, 2.6% and 2.9%.
-Almost maxed 2017 403b/401k/solo 401k despite job change and both being ineligible for employer sponsored plans for part of the year
-Boring old US/intl/bond portfolio spread around between taxable and non taxable spaces

2018 Financial Goals:
1. Hit $500k household income, stretch goal $550k. Income here defined as active professional income exclusive of rental income, loan repayment checks, and passive sources such as investment dividends.
Still running great and on track to stretch
2. Increase NW $250k, stretch $300k. NW here defined as mint account NW inclusive of net real estate and vehicle equity.
+$43k after another day in the market shitter
3. Reaccumulate $50k cash after house purchase and 12/31 tax prepayments (thanks Trump)
Done
4. 75% of take home, post estimated tax payments to debt reduction, savings, or investments
Finished the quarter at 65%. The calculation for savings is (Take home pay - estimated taxes + rental cash flow + debt and mortgage principal - net spending)/(Take home pay - estimated taxes + rental cash flow + debt and mortgage principal)
5. Debt reduction strategy dictated by loan interest and tax considerations, will divide monthly savings after mortgages and car payments between student loan and cash investments at present
As above, re-refinanced student loans back down to 3.0% so will be back to splitting extra money between taxable brokerage and loans
6. Max backdoor Roth IRAs
Done
7. Max combination of Solo 401k, 401k, 403b, and mega backdoor Roth
On track
8. Work credit card sign up bonuses and 0% APR periods to maximum advantage, 2017 was a great year for points
Another 0% APR intro rolling for 15 months
9. Attempt to do all travel this year on points or expensed, spend less than $5k cash on travel
Still sitting on points and expense account, BUT decided to book a big family vacation for my dad's 65th birthday. Budget will be blown.
10. Investigate establishing LLCs for rentals and retitling for tax benefits
Verdict: not worth it at this point but may acquire future properties in LLC going forward
11. Investigate converting some or all of my wage income to 1099 income for tax benefits
Probably not possible due to group insurance underwriting
12. Try to increase professional side hustles e.g. consulting, maybe expert witness?
No news but eager and willing, putting in tons of extra hours at work though so all good on the income front at present even without side hustle
13. Consider adding a rental property, cash situation and opportunity providing
Didn't buy anything. Eyes still out.
13a. Consider consolidating IRAs/403b/Solo 401k to purchase rental property in self directed plan
See above
14. Make appointment with my lawyer to do actual estate planning
Called him but still haven't set a date for a real sit down
15. Consider trading toy car for less expensive toy car if I can walk away with cash.
Not gonna do it right now

Non-financial Goals:
16. Work out six days a week consistently
Doing great, again, missed one week while traveling but made it up with tons of walking
16a. Build a cheap gym in my basement to facilitate this goal.
No activity but would like to have something ready for the fall, specifically when daylight savings time changes back over in the fall and ruins my outdoor life for 6 months
17. Run two races after a fat sad zero in 2017
Race #1 at the end of the month
18. Make friends in the new neighborhood
Still planning to host a housewarming party, still no solid dates
19. Do some improvements to the house and yard, possibly revamp the deck, do some gardening and landscaping
First contractor stole my money and disappeared, SAD, disputed the transaction and got my money back but had to hire a new contractor so just this week the plot is graded and gravel is set to do down
20. Try to cook more regularly
Still cooking and enjoying meal kit, money well spent and decreasing weekday eating out
21. Lose 10 lbs as a result of 16 and 20
minus 3 lbs as of this morning
22. Fun splurge for anniversary or birthday at a Michelin star restaurant, location TBD
Wife's birthday Kaiseki reservations are made, resisted Alinea but went to Sixteen for lunch and bought my wife Hamilton tickets for her birthday

BEHOLD: MY CAPE posted:

End of Q1 Update:

EAT FASTER!!!!!! posted:

Quarter 1 is in the books:
- Pay remainder MBA tuition in full. Education money applied, and then remainder tuition paid in full. Degree to be collected May 11.
- Begin a taxable investment account. Begun and funded.
- Document approval and payment status for student loan forgiveness. PSLF approved, a little more than 60 payments remain.
EF to be replaced by Q2.

By end of Q2:
- Breach zero net worth. Sometime in Q2
- Acquire MBA. May 11!

By end of Q3:
- Pursue baby 2. We've started talking about this one a lot more, and I think this is the right timeline.

By end of Q4:
- Our 403 (b)s fully funded. This happens automatically.
- Under 80% value remaining on the mortgage so we can refinance if we have to.

Yearly Stretch Professional Goals:
- Acquire second medical directorship, commensurate pay increase and administrative time benefit. No sign of this upcoming.
or
- Leave and found a startup. On hiatus for now.

Things we will not try to do:
- Acquire any new debt.

Stretch Goals
- 457 plan launched at work. University president has agreed, uncertain of the timeline.

Stretch Personal Goals
- One muscle up. This project continues on pace. I can do 7 strict ring dips and 7 strict ring pull-ups and am working on negatives.
- Thirty (30) new books read. 15 new books read at this point, I'm going to crush this goal. I'm officially bumping it to 45 books this year.
- Rower used 100 times I've only been on it 15 times at this point, so I'm a bit behind for my schedule. Probably going to drop this to 50 times on the year, as I'm on track to go to CrossFit like 200 times instead.
- Cook 48 meals. I cooked like 15 or 16 meals in Q1.
- Clean basement to where I would be comfortable hosting a World Cup viewing party. Got a cheap, high quality foosball table from a buddy, and the "my office" portion of our basement is complete. Working on the rest.
- Write a book to self-publish. I got a couple chapters into this and realized I need to finish my MBA before I can give this the time it deserves. On hiatus for now.

quote:

Degree to be collected May 11.

Subjunctive posted:

Welp. Have been on unpaid leave since Feb 1, so things are a little off the rails.

First time doing these, but I could definitely stand to be more structured about how I approach my finances.

Age: big four-oh four-one!

Goals:

- increase monthly charity to 10% of net (currently about 5%); would like to get to 20% but baby steps and have to solve a cash flow issue currently way over, because net is zero, but at 10% of old-net even though I’m living on savings and investment income
- purchase condo for my sister to rent hard to get a mortgage with no salary income, and I don’t want to go that deep into investments
- get will and trust for my kid set up nope, and I worry about it all the time
- fix years of messed up tax stuff so close! waiting for one IRS adjudication and I think I’m good
- renovate bathroom want to do this before girlfriend and her kid move in, but it’s not strictly necessary
- structure consulting business properly progress, but not complete

Liabilities:
- $100K investment loan for work, will increase to up to $350K over next 5 years
- commitment to donate $500K over 10 years to a college (not legally binding at this point but still) commitment is legally binding, and the first scholarship has been designed

Assets:
- House appraised at $1.7M likely closer to $2.1 based on a few comps on my street
- Car blue book of $130K
- combined taxable and sheltered investments of $2.2M roughly the same after tax nonsense

Income:
- salary $350K, $175K paid in spousal and child support ex-wife volunteered for a few months of no support while I’m on leave, which is a huge help. huge.
- unpredictable consulting income, unlikely to exceed $100K in 2018
- carried interest from our funds, don’t know how to estimate how much and when

(All in CAD.)

IllegallySober posted:

I'm a couple days late on starting my 2018 goals but no less motivated. I'm going to post the overall goals as a first draft for now and will edit in more detailed plans to accomplish them later this week.

2018 Goals

1. Pay off $11,144.12 in credit card debt which will make me debt-free. This is a returning goal from 2017; I didn't have a very good year income-wise in 2017 and lost my roommates as well in November which tripled my rent so there's some work to do just to stay afloat in the short-term. I don't want new roommates right now so I need to increase income to match as well as pay off the last of my debt from years ago (this credit card).

2. Related to the above, do not add any new consumer debt. I want to stay debt-free, so no new car purchases, credit cards, etc. The only possible exception would be if every other goal is hit and I wind up in position to purchase a home somehow in 2018. I do not expect this to happen.

3. Max out IRA contributions. I have both a traditional and a Roth but have never come close to maxing either and need to start. 34 is too old to not be doing this every year.

4. Lose 20 pounds and maintain a weight of 170 pounds and body fat percentage of 18% or less.

5. Related to #4, no alcohol in 2018 until I reach 170 pounds.

6. Spend less than $3,000 total between restaurants and bar expenses for 2018.

7. Increase officiating income (income stream #2) to $4,000 in 2018. This would be an increase of around $750 over 2017 and just requires me to work a few more games this year.

8. Create a third income stream that provides a minimum of $10,000 in 2018. Details to follow here.

Stretch Goals

9. Save a minimum of $10,000 towards a down payment on a house.

10. Increase total combined income to $100,000 via a main job change. I make far less than I deserve and I need to look into what groundwork I need to lay to drastically increase my income and prepare for a career change.

IllegallySober posted:

debt-free

Subjunctive posted:

!! Congratulations!