2010 Goals

New! Use this space to post your goals, accomplishments, and setbacks on your path to get rich slowly. Others can read about your situation, and provide critiques and motivation. Look here to find somebody who has experienced a situation similar to yours!

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peachy
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Re: 2010 Goals

Postby peachy » Thu May 13, 2010 11:26 am

I'm looking forward to reading it. That's great news that you are famous for tracking your net worth. I bet you never thought that would be your claim to fame, did you? :rofl:

Sam
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Re: 2010 Goals

Postby Sam » Thu May 13, 2010 11:54 am

I'm looking forward to reading it. That's great news that you are famous for tracking your net worth. I bet you never thought that would be your claim to fame, did you?


Not really famous since I wouldn't permit he publication of my full name, but it was really interesting to be interviewed and interact with a NYT journalist. There has been an uptick of comments on my blog and I'm looking forward to answering the questions this weekend from people interested in how we manage our money.
Sam

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

Sam
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May numbers

Postby Sam » Thu May 27, 2010 4:48 am

(1) Max out 401ks - $33,000
(2) Max out IRAs - $10,000
(3) Prepay mortgage - $1200
(4) Add to baby fund - $3500
(5) Add to emergency fund - $7000
(6) House/Furniture fund - $3000
Total - $57,700

(1) - $11,132 (34%) (goal is $33,000)
(2) - $7500 (75%) (goal is $10,000)
(3) - $500 (42%) (goal is $1200)
(4) - $1350 (39%)($7711 in our baby fund, goal is $10,000)
(5) - $-1000 (-14%)($25,639 in our emergency fund, goal is $32,000)
(6) - $3000 (100%) (Completed)
Total - $22,482 (39%)

With the extra push the last two weeks to add to Mr. Sam's IRA, we have gotten our overall numbers back on track. At present, we are now just slightly below our target for today's date.
Sam

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

Sam
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Re: 2010 Goals

Postby Sam » Tue Jun 08, 2010 5:38 am

(1) Max out 401ks - $33,000
(2) Max out IRAs - $10,000
(3) Prepay mortgage - $1200
(4) Add to baby fund - $3500
(5) Add to emergency fund - $7000
(6) House/Furniture fund - $3000
Total - $57,700

(1) - $11,832 (36%) (goal is $33,000)
(2) - $8500 (85%) (goal is $10,000)
(3) - $500 (42%) (goal is $1200)
(4) - $1500 (43%)($7861 in our baby fund, goal is $10,000)
(5) - $-800 (-11%)($25,839 in our emergency fund, goal is $32,000)
(6) - $3000 (100%) (Completed)
Total - $24,532 (43%)

Slightly behind on our goals. Added more to Mr. Sam's IRA with the market down.
Sam

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

Sam
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Re: 2010 Goals

Postby Sam » Sun Jul 18, 2010 8:50 am

1) Max out 401ks - $33,000
(2) Max out IRAs - $10,000
(3) Prepay mortgage - $1200
(4) Add to baby fund - $3500
(5) Add to emergency fund - $7000
(6) House/Furniture fund - $3000
Total - $57,700

(1) - $15,486 (47%) (goal is $33,000)
(2) - $9500 (95%) (goal is $10,000)
(3) - $700 (58%) (goal is $1200)
(4) - $1500 (43%) ($7861 in our baby fund, goal is $10,000)
(5) - $665 (10%) ($26,665 in our emergency fund, goal is $32,000)
(6) - $3000 (100%) (Completed)
Total - $30,990 (53%)

Just about where we should be for July.
Sam

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

Sam
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Re: 2010 Goals

Postby Sam » Sun Jul 18, 2010 8:51 am

Lot of trouble posting here, half the time my posts don't show up.
Sam

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

Sam
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Re: 2010 Goals

Postby Sam » Fri Sep 10, 2010 5:19 am

(1) Max out 401ks - $33,000
(2) Max out IRAs - $10,000
(3) Prepay mortgage - $1200
(4) Add to baby fund - $3500
(5) Add to emergency fund - $7000
(6) House/Furniture fund - $3000
Total - $57,700

(1) - $20,014 (61%) (goal is $33,000)
(2) - $10,000 (100%) (goal is $10,000)(Completed)
(3) - $900 (75%) (goal is $1200)
(4) - $2944 (84%) ($9244 in our baby fund, goal is $10,000)
(5) - -$3261 (-47%) ($21,147 in our emergency fund, goal is $32,000)
(6) - $3000 (100%) (Completed)
Total - $33,597 (58%)

We are negative on our e/r fund b/c we moved money to trading account. More info on my blog.
Sam

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

Sam
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Re: 2010 Goals

Postby Sam » Tue Jan 25, 2011 3:37 pm

For some reason, I've not been able to post for months. So don't know if this will work, but reposting my 2010 goal wrap up from my blog.

2010 Goals:
(1) Max out 401ks - $33,000
(2) Max out IRAs - $10,000
(3) Prepay mortgage - $1200
(4) Add to baby fund - $3500
(5) Add to emergency fund - $7000
(6) House/Furniture fund - $3000

Total - $57,700

2010 Results:
(1) - $31,625 (96%) (goal was $33,000)
(2) - $10,000 (100%) (Completed)
(3) - $1,200 (100%) (Completed)
(4) - $3,500 (100%) (Completed)
(5) - $0 (0%) ($18,642 in our emergency fund, goal was $32,000)
(6) - $3,000 (100%) (Completed)

Total - $49,325 (85%)

Okay, first the good news, we maxed out our IRAs, we met our goals as to principal prepayment on our mortgage, adding to our baby fund and saving up our furniture monies.

We came close to maxing out our 401ks. I miscalculated Mr. Sam's contributions so he was a bit short. But, with his employer contributions he saved more than $18,000 so I'm counting that as a win.

We failed at adding to our emergency fund, in fact we took money out for Mr. Sam's investment experiment, if you add that back in our emergency fund is at $25,000+, and for IRS audit and payments.

We came close to saving $50,000 which is about where we top out most years. This year our saving goal is at $63,000.
Sam

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

fantasma
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Re: 2010 Goals

Postby fantasma » Wed Jan 26, 2011 5:05 am

Hi Sam,

Is the baby fund for medical costs or all supplies and such?
Be what you want to attract.


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