Goals for the Remainder of 2008

Posted by 13 July, 2008 (8) Comment

I’m trying to get better at making goals and then planning a path to reach those goals. You have to have a map to know where you are going, right? Here are my goals for the remainder of 2008:

1. Tell my wife I love her every day.

2. Fully fund our IRA’s.

+ With contributions and “other” income from my wife’s pay raise and our dividend income, we should actually meet this one early. $5,000 is the contribution limit this year so I’m excited to be fully investing in our IRA’s when we happen to have such a high contribution limit this year.

3. Read 1 book per month.

+ So far, 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. At the moment, I’m reading Buy It, Fix It, Sell It, and The Magic of Thinking BIG. I’ve only read 5 books this year so I’m a little behind. Can you guess how many books I’ve read since I’ve graduated from college? A big fat zero. I’m pretty happy I’ve been able to be consistent with this.

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

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

+ This amount is around $12,000. The money will come from the sale of a house we have. We currently have a contract on the house. Once the sale of the secondary house goes through, we’ll be able to pay off these loans that will save us about $660 per year. $290 of the $660 currently goes towards a car payment. That $290 will go into a car fund once the car note is paid off. We will need another car in the near future and it is our goal to be able to pay cash for the vehicle.

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

+ This goal is a bit of a stretch to be honest, but I wanted to add a goal or two that would be difficult to reach. This goal is dependent upon maxing out our contributions to our IRA’s (note we are already matching our employer’s in our 401k’s).

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

+ My wife and I just got back from a family funeral so I think I will dedicate this goal to two loved ones we have lost this year. I think it’ll be a nice gesture for the immediate family and it’ll give me the extra boost to fulfill this goal. (Note I just completed my first 5K without walking so I’m not starting from ground zero, but I do have a lot of work to do.)

8. Purchase an investment property.

+ We were hoping to pick up two investment properties by the end of the year, but I think it would be wise to concentrate on one until we get a little more comfortable.

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

+ We’ve had some success in the past, but we were not able to pay “cash” so we were not able to complete the transaction. I’m concentrating on a smaller “farm area” in order to make it manageable and to not feel overwhelmed. At the moment, we are distributing door hangers and sending letters and postcards to people in probate (note: I’ll share examples of our direct marketing in the future as well as how to sift through probate records).

10. Market to 50 probate records per month.

+ I intend to send out 2 post cards and 2 letters within a month’s time to each estate. I will concentrate on a different set of 50 each month. I set the limit to 50 to make it manageable as stated in goal number 9.

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

+ I have yet to do this, so I really need to get on this to make sure I achieve this goal.

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

+ I’m trying to be more social and we’ve really been wanting to make use of our pool before we move.

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’m trying to surround myself with good, positive people. As my available time decreases, I want to make sure I maximize it by spending it with good people.

14. Join the Free Mason organization.

What do you think of my goals? What are your some of your goals?

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