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 July, 2012
Last week I realized that I have a ton of goals, but there was really no central focus to them. Having goals is a great thing, but if you really have no reason to achieve them, you most likely won’t. I think that’s been a major reason why so many of my goals are still hanging out there and are unfinished.
So what’s the point of all this? While my wife and I couldn’t come up with a definite answer, we decided that we’d just like to have options. We’d love to have more time to travel, and in the near future, we’d like to have one, or both, of us to have optional jobs – or maybe just something we could do from home.
In order to achieve this, we’ll obviously need some money stashed away, and we’ll also need a little bit of passive income as well. Completing our house will be a big step toward our money stash since it’s our most valuable asset. I figure that, upon completion, our house could sell for about $120,000. Since we only have $61,500 left to pay on the mortgage (and plan to have it fully paid off in the next 3 years), this is a huge part of our future plans – whether we decide to sell it or rent it out. Either way, it’s going to be a money maker.
Continuing to pull some money in through this and my other websites is also important. Not only could it provide some extra money to pay off our house faster, but it could also provide us some semi-passive income in the future.
I’m excited about the future and about what we can possibly accomplish in a relatively short time frame. Based on the above realizations, here are our goals for the end of July.
1) Pay Extra Payment of $1,200 on the Home Loan
With this extra payment, we’ll officially owe less than $60,000 on our mortgage! That’s kind of exciting, don’t you think? Then the next goal will be the $50,000 mark, and then $40,000….and so on until we’re at zero! 🙂
2) Complete More House Projects
My past goals haven’t always been so realistic, so this month, I’m going to cut back on them a little bit. I want to install our final register cover in our bedroom and paint our two main doors upstairs. If I’m feeling ambitious, I want to also sand and paint our 3 main level doors, but this is merely extra if I complete the main projects.
3) Continue to Write Quality Articles
I never make this a goal, but it’s a ton of work to come up with and write quality articles every week. I personally write 2 articles and post 2 staff written articles for this site, 2 articles for my site – Creating a Passive Income, 1 article for my other site – Online Money Bloggers, and I staff write 1 post per week for other sites. That’s at least 6 articles per week that I’m putting together!
Passive Income With a Fitness Center – by Creating a Passive Income
5 Things Not to Waste Your Time On With Your Blog – by Online Money Bloggers
How Many Months of Severance Would It Take to Quit Your Job? – by Financial Samurai
5 Reasons Why You May Be Better Off Renting Than Owning a Home – by Faithful With a Few
Ways Going Green Can Improve Your Health – And Save You Money – by Prairie Eco Thrifter
Can You Live Life Without Money? – by The College Investor
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.