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 Post subject:
PostPosted: Wed Oct 15, 2008 12:58 pm 

Joined: Sun Apr 29, 2007 8:11 am
Posts: 1088
Location: Sunny Florida
Bought another $1000 in stocks today within my 2008 IRA. Goal is to buy stock in good companies that are presently at bargain rates.

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Sam

http://adventures-of-sam.blogspot.com
(Follow Sam's financial and real estate adventures.)


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 Post subject: 2008 IRA
PostPosted: Mon Oct 20, 2008 4:34 pm 

Joined: Sun Apr 29, 2007 8:11 am
Posts: 1088
Location: Sunny Florida
I've maxed out my 2008 IRA. As of today, I've bought $5000 in stocks in the last few weeks. The plan, and I guess hope, is that I bought some super bargains that I will hold for years that will pay off in the long run.

I've updated our savings goal numbers on my blog.

Cheerio.

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Sam

http://adventures-of-sam.blogspot.com
(Follow Sam's financial and real estate adventures.)


Last edited by Sam on Tue Oct 21, 2008 9:50 am, edited 1 time in total.

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PostPosted: Mon Oct 20, 2008 4:38 pm 

Joined: Tue Aug 05, 2008 3:22 pm
Posts: 548
Location: Northern CA
Good job, Sam! I agree, now's the time to be thoughtful, but not panicked.

Sandi


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 Post subject: Goal # 4 - Done!
PostPosted: Sun Oct 26, 2008 7:31 am 

Joined: Sun Apr 29, 2007 8:11 am
Posts: 1088
Location: Sunny Florida
2008 goals:
(1) 2007 IRA - $8000 (this goal is now closed)
(2) Car fund - $17000 (this goal has been completed!)
(3) E/R fund - $10000 (this goal has been completed!)
(4) Baby fund - $5000 (this goal has been completed!)
(5) 2008 IRA - $10000
Total: $50,000

Current numbers:
(1) $4000 (50%.)
(2) $17000 (Progress - 100%.)
(3) $12291 ($20,291*) (Progress - 123%)
(4) $5000 (Progress - 100%)
(5) $7000 (Progress - 70%)
Total: $45,291 (Progress - 90%)

* Our emergency fund already had $8000.

Yeehaw! Goal#4 is done. Trying to figure out what to do if and when we complete our 2008 goals early. More details on the blogo.

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Sam

http://adventures-of-sam.blogspot.com
(Follow Sam's financial and real estate adventures.)


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PostPosted: Mon Oct 27, 2008 4:39 pm 

Joined: Mon Feb 04, 2008 7:35 am
Posts: 1148
Location: Maryland
I saw on the blog today that you were thinking about making a vacation fund, and I totally agree. I was thinking about vacation this morning but I didn't log in.

If you don't have any money budgeted for that, set it up. :) You and Mr. Sam probably need a vacation. :D


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 Post subject: Wow.
PostPosted: Tue Oct 28, 2008 3:48 pm 

Joined: Sun Jun 01, 2008 10:13 am
Posts: 148
I've never met anyone who whips through sizable financial goals like you have the past twenty months. Yowza.


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PostPosted: Tue Oct 28, 2008 11:06 pm 

Joined: Tue Aug 05, 2008 3:22 pm
Posts: 548
Location: Northern CA
x2 on the vacation fund. I love vacations. In fact, we're about to take one. :D

Sam, it will be different once you and Mr. Sam have the baby. Set some time aside for a Grownup Vacation for 2009; you won't regret it.

Congrats on everything you've achieved this year; WOW, indeed. :shock:

Sandi


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 Post subject:
PostPosted: Wed Oct 29, 2008 9:16 am 

Joined: Sun Apr 29, 2007 8:11 am
Posts: 1088
Location: Sunny Florida
Thanks Ellie and Sandy for the words of support.

Ellie, Mr. Sam and I earn a good salary when you add it up which really helps move us along on our goals. But, we made pretty much the same amount in 2005 and 2006 and we had debt, debt, debt and I spent about $2500 a month on my credit cards. We have been able to accomplish baby step 1, 2 and 3 on our Total Money Makeover and our 2008 goals (almost done) by (1) not using credit, (2) having a spending plan and sticking to our allowances, (3) ignoring our friends and peers and (4) sticking to our good habits learned during our TMM.

I've actually been thinking about and trying to relax our very strict money habits since we've come so far. I've also tried to reduce the amount of personal finance conversations I have with Mr. Sam. During our TMM we would talk money 4-5 times a week, this year its probably down to 1-2 a week and I'm trying to reduce it even more.

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Sam

http://adventures-of-sam.blogspot.com
(Follow Sam's financial and real estate adventures.)


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 Post subject: Ahead of schedule
PostPosted: Mon Nov 03, 2008 5:57 am 

Joined: Sun Apr 29, 2007 8:11 am
Posts: 1088
Location: Sunny Florida
I did our 11/1 numbers last night (they are posted on the blog and I'll post them here later in the week) and we are ahead of schedule on our 2008 goals. We've pulled ahead because we have been buying up stock in our IRAs at a quicker pace to take advantage of the down market.

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Sam

http://adventures-of-sam.blogspot.com
(Follow Sam's financial and real estate adventures.)


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 Post subject: 11/10 numbers
PostPosted: Mon Nov 10, 2008 6:42 am 

Joined: Sun Apr 29, 2007 8:11 am
Posts: 1088
Location: Sunny Florida
2008 goals:
(1) 2007 IRA - $8000 (this goal is now closed)
(2) Car fund - $17000 (this goal has been completed!)
(3) E/R fund - $10000 (this goal has been completed!)
(4) Baby fund - $5000 (this goal has been completed!)
(5) 2008 IRA - $10000
Total: $50,000

Current numbers:
(1) $4000 (50%.)
(2) $17000 (Progress - 100%.)
(3) $12865 ($20,865*) (Progress - 129%)
(4) $5108 (Progress - 102%)
(5) $8000 (Progress - 80%)
Total: $46,973 (Progress - 94%)

* Our emergency fund already had $8000.

We are on track for meeting our 2008 goals. We will have about $4000 in unallocated funds (money that should have funded Mr. Sam's 2007 IRA) and we will use some of that money to pay extra principal on our mortgage ($2250) and we will probably roll the rest of that money into our 2009 IRAs.

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Sam

http://adventures-of-sam.blogspot.com
(Follow Sam's financial and real estate adventures.)


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 Post subject:
PostPosted: Fri Nov 14, 2008 4:55 am 

Joined: Sun Apr 29, 2007 8:11 am
Posts: 1088
Location: Sunny Florida
$500 left to go to fully fund Mr. Sam's 2008 IRA and @ $1200 left to go to complete our 2008 goals.

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Sam

http://adventures-of-sam.blogspot.com
(Follow Sam's financial and real estate adventures.)


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 Post subject:
PostPosted: Fri Nov 14, 2008 10:01 am 

Joined: Sat Jun 30, 2007 10:35 am
Posts: 1444
one thing you left out is, give to googoo fund...for 2008, that should only be $1k. for 2009, though, $2k. thank you for your support.


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 Post subject: Done
PostPosted: Thu Nov 20, 2008 6:18 am 

Joined: Sun Apr 29, 2007 8:11 am
Posts: 1088
Location: Sunny Florida
2008 goals:
(1) 2007 IRA - $8000 (this goal is now closed)
(2) Car fund - $17000 (this goal has been completed!)
(3) E/R fund - $10000 (this goal has been completed!)
(4) Baby fund - $5000 (this goal has been completed!)
(5) 2008 IRA - $10000 (this goal has been completed!)
Total: $50,000

Current numbers:
(1) $4000 (50%.)
(2) $17000 (Progress - 100%.)
(3) $13173 ($21,173*) (Progress - 132%)
(4) $5108 (Progress - 102%)
(5) $10000 (Progress - 100%)
Total: $49,281 (Progress - 99%)

* Our emergency fund already had $8000.

Technically we are done, but still have $700 to save to be really done. Trying to figure out what to do with the extra $4000.

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Sam

http://adventures-of-sam.blogspot.com
(Follow Sam's financial and real estate adventures.)


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 Post subject:
PostPosted: Thu Nov 20, 2008 10:23 am 

Joined: Sun Mar 16, 2008 6:53 pm
Posts: 76
Actually, Googoo, if they are contributing as a couple, the limits on the GooGoo fund for 2008 would be $2k, and raises to $4k in 2009. If they are over 55, they are eligible for 'Catchup Googoo contributions', and could contribute a total of $5k for 2008.


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 Post subject:
PostPosted: Mon Nov 24, 2008 8:19 am 

Joined: Sun Apr 29, 2007 8:11 am
Posts: 1088
Location: Sunny Florida
We are taking a 4 day trip (in state) over Thanksgiving Day weekend, this is our first vacation together this year. We've got a reasonable budget and money set aside so we can pay cash/debit for any and all expenses and we are looking forward to relaxing and enjoying each other.

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Sam

http://adventures-of-sam.blogspot.com
(Follow Sam's financial and real estate adventures.)


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