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Goals Update #20


Do you have goals and dreams for your future? Do you have them written down? Every week, I remind myself of my goals for the month to make sure that I’m on track for hitting them. Sometimes I’m way behind the eight ball, and other times I really feel like I have a good handle on them. Either way though, my site improves and my readers have a better experience from the improvements.

Goals for May, 2012

Wow, so it’s already May 27. These months are just going so fast! Let’s see how well I’m doing on these goals of mine

  1. House Project: Finish Upstairs and Main Level, Minus Trim – Well, I have started sanding down a few doors, getting them ready for paint. I plan to get the rest of them sanded today and then perhaps I’ll paint a few things tomorrow. Obviously, there is little hope of me finishing the entire upstairs and main level, but I still plan on working toward that end goal!
  2. Put eBook into a PDF Format, Build My Site for it, and Sell It! – Nope, nope, nope. This one is getting kind of frustrating since my book has been written and edited for 3+ months, but I can’t make any sales since I haven’t yet made the finishing touches. Luckily, I’ll soon have Word 2010, which will make the transfer into a PDF incredibly simple.
  3. Get That Jeep Sold and Make a Double Payment on the Mortgage – Like I said last week, the Jeep is sold, which should allow us to make a double payment on the mortgage this month. Our normal payment is $711, but we’ve stashed away $3,111 for our payment in May, which will help us eliminate our PMI payment! It’s time to pay this house off even faster!

Obviously, not every goal is going to happen this month, but there is definite progress toward each of them. I can’t wait to finish up the house, and I think this will most likely be our #1 goal in the next few months.

Also, my wife and I have been chatting, and we’d really like to start another business, which would require some significant capital. The only problem is, I’d rather pay off the house before we take on anything that would be more risky. So, instead of waiting 4-5 years to pay off our house, we’re considering a speed-up in the repayment process. If we really focus on paying off the house, we could do it in less than 2 years. Stay posted on this one as well.



My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.


  1. What a fantastic goal to speed up your mortgage pay off! You definatly stay on track of goals far better than me! Hats off to you both!

    • It’s an idea, but we still have to look at all of the numbers yet. I’d love to do it in under 2 years though. That would be awesome!!

  2. The sad thing about taking out a loan for a business is that the bank (if you go through one) will likely make you put your house up as collateral for the loan essentially mortgaging it again. At least that is what I’ve been told by multiple people who have had business loans.

    • With a brick an mortar business, I would assume that the building would be the collateral, as long as we wouldn’t need any loans for the merchandise. I think my perfect scenario would be to live above our business so we wouldn’t need another residence.

  3. Looks like we’re seeing diversification in action:)
    Closing the mortgage frees a lot of cash flow which si great for starting a new business.

    • That’s the plan! It’s going to take a ton of determination, but I think we can do it!

  4. I don’t write my goals down. I have them in mind but writing them down and tacking them to the wall might be a good idea.
    Ive got lots of ideas that tend to get lost or buried by newer ones.

    Sounds like you have your hands full with completing the house. That would be one thing I would want to finish right away. Unfinished things are a pet peeve of mine.

    • Unfinished things bother you huh? How about you come over to my house and stay for a while? I wouldn’t mind someone else tackling this project right about now… 😉

      • ahaha, I don’t think you want me helping you build your house. Im not the most ‘handy’ person. It would be a fun experience though.=)

  5. I really like your idea of writing down my goals. It seems so obvious but I haven’t done that yet. Maybe that is one of the reasons it takes me so long to reach them. Am I getting a little lost?hmmm

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