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2015 Goals: Boring, Boring, Boring

visiting all 50 states

I had a really hard time setting goals for the year. I’m not sure if it’s being tired and a little stressed from buying another rental property at the end of last year or if maybe I’m having a mid life indecision. I would not call it a crisis. I feel no need to go buy a convertible or take up with a younger man (do women do that or is it just middle aged men?) I almost skipped this post, but if you don’t put some sort of plan in writing, you run the risk of not accomplishing very much. My Goals Are Boring Last year was a really good year for our family. Jim got his dream job. I didn’t have to manage one employee crisis. We made good money. We lived on less that 50% of our income, and we invested lots. We also got to travel quite a bit. If this year is a repeat, I’ll be happy. Boring I know, but why mess with a good thing? Does this mean I’ve lost the fire? Maybe. I’m not sure. I know that ever since junior high, every year has been a push to be the best, ...

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October Goals Update

Fall color in Telluride Colorado

There have been a few goal posts lately as we’ve entered the last quarter of 2014. It’s always fun to see how others have done toward their goals. As I’m about to put my 40th year on this earth to bed, it’s time to see how I’m doing with my goals. 2014 Goals 1) Set up a solo 401k and contribute 25% of my income.  Pass One of the great benefits of being self employed is that you can open a solo 401k and contribute more than you’d be able to with a traditional employer sponsored plan.  Since one of the worst things about self employment is taxes, it’s nice to be able to offset as much income as possible into a tax deferred account. With a solo 401k, you can contribute the standard $17,500 PLUS 25% of your income up to $52,000 for people under age 50. I wasn’t able to do that much, but should be right on track for investing 25% of my income into my solo plan this year. 2) Max out our family HSA. Pass This year we decided to invest our HSA into Vanguard funds. We don’t plan on touching this money until retirement ...

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Friday Life and Goals Update

life and goals update

Happy Friday everyone. Since we are already a quarter into this year, I though it was time for a life and goal update. We Have a Job! We are very excited this week because we found out that Jim actually has a job next year! Well, we knew could always go back into the classroom, but that would have been a huge cut in pay. His current job was based on a new state education bill that has since been repealed, along with his position. (Love it when politicians make rules about stuff they have no clue about) Anyway, he did such a great job last year that his superiors created a job for him that will be 80% school administration and 20% working to train quality teachers throughout our region. He also got a small bump in pay, so did I say how happy we are? His job will require some long hours and travel, and it’s dang hard to get our kiddo to and from where she needs to be when he’s busy and I have to work. I could cut my hours, but I feel like it’s only been a short while since we’ve been firing on ...

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2014 Goals

New Year's Goals

After almost finishing the first full week of 2014, it’s time to look back and see how well I accomplished my goals for 2013 and what I hope to achieve in 2014. If you don’t have goals, you are very likely to find yourself at the end of the year wondering where the time went and how you really managed to do nothing you’d hoped. By putting your goals in writing and sharing, you are much more likely to achieve them. Even if you don’t at least you tried, and there is always room to do better in the future. Look Back at 2013 Goals Sell My Business- It almost didn’t happen. Literally 30 minutes before closing, I was sick of all the last minute back and forth, and wanted to pull the deal. My buyer is a chronic procrastinator, and came up with all kinds of things he questioned very late in the game. He sometimes reads my blog, so I want him to know I still want to wring his neck for going down to the wire, but in the end we both wanted the same thing, so we were able to compromise and work out our issues. ...

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2012 Recap and 2013 Goals

Before I started blogging, everything was a jumble in my head. I had plans, but nothing written down and no specific time frame. However, there were a few things I wanted to accomplish in 2012, and I did pretty good on achieving those. Here were my top four and a look toward goals I AM writing down for 2013. 1)Start a Blog- I have been reading financial blogs for over a year. I’m not sure when it turned from lurker to commenter to blog owner, but I knew earlier this year that I wanted to give it a shot. When you face your biggest fear, it usually isn’t so bad. In the case of starting a blog, the worst thing would be that no one  reads it. If they do, they might think it sucks. I could live with that, so on August 1, Eyes on the Dollar went live. I still have no idea what I’m doing technically, but I have lots to say, and so far, some of you have listened and been very kind. I don’t think blogging will make me rich, but I do see the potential for earning some income if I can keep it ...

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