Goals from 2008 – How Did I Do?

Posted by 1 January, 2009

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Here are my goals for 2008. Let’s see how I did.

1. Tell my wife I love her every day.

My wife has gave me the “thumbs up” for this goal.

2. Fully fund our IRA’s.

We fully funded both IRA accounts. There were actually fully funded as of late October. I’ve since been placing half of the amount that did go into our Roth IRA’s into an ING Direct savings account instead. The other half I left alone because we are still trying to smooth our budget out.

3. Read 1 book per month.

This year I’ve read Your Money or Your Life, Getting a Life, The Bitch in the House, Rental Houses for the Successful Small Investor, Fix’em Up, Rent’em Out, The Magic of Thinking BIG, Letting Go of Your Bananas, The Millionaire Next Door, All Marketer’s are Liars, The 4 Hour Work Week, and The How of Happiness. I didn’t quite make the 1 book a month goal, but I was pretty close with 11 books. I may have to bump this goal up for next year. One issue I had with this goal is that it takes me so long to get through a book since I take a lot of notes all through out the book. I think I may tone my note taking down a bit.

4. Keep posting consistently on this blog through the end of the year.

I am very proud to say that I have completed this goal.

5. Pay off the car and two smaller student loans by the end of the year.

I am happy to report that we do not have a car payment and the smaller student loans are PAID! We only have one larger student loan in addition to our mortgage.

6. Put $10,000 more into our Zecco account by the end of the year.

We had a shift in plans in regard to this goal. We did not place the money in our Zecco account because we thought it would be going elsewhere such as into an investment property. We were not able to quite save $10,000, but we were able to sock away approximately $6000 in additional to maxing out our two Roth IRA accounts.

7. Complete a half marathon by the end of the year.

We have signed up to run in the Fort Worth marathon February 28th 2009 so we didn’t quite make it for 2008. Since we are running in a half marathon so early in 2009, I’m going to make it my goal to run a full marathon by the end of 2009. The farthest I’ve run is about 6 miles to date so I have quite a ways to go, but it’s certainly within reach.

8. Purchase an investment property.

We put in approximately 50 offers or more this year. I had to admit that I was disappointed by our results. I think that a lot of my offers were much lower than the accepted offers. This is an instance where we need to step back, find a person that is currently where we want to be, and do what they do. There is no reason why we should try and reinvent the wheel.

9. Complete a real estate transaction through our direct marketing.

We may have actually completed this goal. I am still waiting to see if this transaction has been completed. If it is the case, I think we will take the consulting fee on the contract instead of partnering with a more experienced real estate investor as this would be a subject 2 transaction.

10. Market to 50 probate records per month.

I did not keep up with this and I’m not sure it’s worth the reward. My wife and I need to put together a plan for our real estate investing business. To be quite honest, I think we both feel lost in terms of our direction with that business.

11. Starting in July, distribute door hangers once per month.

I designed and ordered the flyers, but they are still sitting next to me in a box. Again, my wife and I need to design a plan for how we are going to enter into the real estate investing game.

12. Have a party by the end of the year.

We did not have a party by the end of the year. This will need to happen next year!

13. This is not a SMART(specific, measurable, attainable, realistic and timely) goal, but I want to make sure I hang out with Jason, Matt, Charlie, Jesse and Howard.

I have not hung out with many of these people as much as I’d like to, but I am happy that my wife and I have increased our effort towards our friendships in general. For instance, we joined a Kick Ball league this past fall and were able to meet a lot of people through that team. We plan to start a pot luck dinner group for 2009 to strengthen our current friendships and make new friends in the process.

14. Join the Free Mason organization.

I did not join the Free Mason organization. I went to breakfast with one of the members at the central Mason temple, but I placed it on the back burner after that breakfast. I think it’s a fine organization. The big question mark in my mind with the organization was the time commitment required. I’m really trying not to overload myself. I want to make sure I enjoy the activities I am in and that I have plenty of time for them.

What do you think of my goals? What were some of your goals for 2008 that you completed?

Photo by: Wili Hybrid

Other Posts:

A Sure Fire Non-Money Maker!
10 Ways to Become Financially Independent
What’s the Best Financial Decision You’ve Made?
10 Reasons Why I Want You to Be Financially Independent
How One Man Turned It All Around


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Comments
January 2, 2009

Your plate was pretty full in 2008. I think it is amazing what you got done. You must be very well organized. All the best for 2009!

Posted by vilkri
January 2, 2009

Sounds like a pretty successful year. Now we have to see if you accomplish twice as much in 2009!

Posted by Success Factors
January 3, 2009

@ Vilkri – Thank you very much for the compliment. I try to be organized or at least appear organized 🙂

Posted by HIB
January 3, 2009

@ Success Factors – I’d really like to step it up in a big way. It’s going to take a lot of planning and more importantly, action.

Posted by HIB
January 3, 2009

Sounds like you did pretty well for yourself. I was able to reach many of my goals. One thing I try not to do is put too much emphasis on numbers. I try to save money, but not a total. I’m trying to change my habits and it’s more encouraging when I have a theme. I used to put more emphasis on numbers, but I would get disappointed if I didn’t reach my goal. I feel that this system works better for me.

January 4, 2009

@ Karl – Thank you very much for your compliment and comment! I agree. I’ve been torn whether to include numbers or not. I decided that I would include numbers, but that I would make some of my goals more achievable than others. For instance, I knew that saving $10,000 by the end of the year would be about impossible, but I feel you’ve got to have at least a few lofty goals. I did put some easier goals in there that I knew I could achieve if I was consistent.

Posted by HIB
January 10, 2009

Thanku..Sounds like you did pretty well for yourself. I was able to reach many of my goals. One thing I try not to do is put too much emphasis on numbers. I try to save money, but not a total. I’m trying to change my habits and it’s more encouraging when I have a theme.

Posted by Andrew
January 10, 2009

Andrew,

Thank you for the support! I’ve met quite a few people that don’t emphasis numbers. I’m an engineer who can’t seem to get away from numbers! 🙂
Thanks for the comment!
-HIB

Posted by HIB
March 14, 2009

Thanku..Sounds like you did pretty well for yourself. I was able to reach many of my goals. One thing I try not to do is put too much emphasis on numbers.

Posted by Sachin
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