Sam's 2014 Savings Goals

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Eagle
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Re: August Update

Postby Eagle » Tue Jul 31, 2012 6:30 am

fantasma wrote:
Sam wrote:(1) Max out 401k(s) - $22,617 (67%)(goal is $34,000)
(2) Max out IRA(s) - $4705 (47%)(goal is $10,000)
(3) Add to e/r fund - $6000 (60%)(goal is $10,000)
(4) Pay down mortgage - $2490 (50%)(goal is $5,000)
(5) House projects - $750 (15%)(goal is $5,000)
(6) Trading account fund - $50 (1%)(goal is $5,000)

Total - $36,612 (53%)

More details on the blog.


Your goals for savings is amazing....hope I can reach your level someday.


Ditto! Way to go! Doing fantastic!
~ Eagle
www.eaglesoaringhigher.com

Sam
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Sept. Update

Postby Sam » Mon Sep 10, 2012 6:25 am

(1) Max out 401k(s) - $27,697 (81%)(goal is $34,000)
(2) Max out IRA(s) - $5126 (51%)(goal is $10,000)
(3) Add to e/r fund - $7200 (72%)(goal is $10,000)
(4) Pay down mortgage - $2490 (50%)(goal is $5,000)
(5) House projects - $900 (18%)(goal is $5,000)
(6) Trading account fund - $50 (1%)(goal is $5,000)

Total - $43,463 (63%)

We are about $5600 behind on our goals, details are on the blog. We close on our refinance this week.
Sam

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

Sam
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Refi

Postby Sam » Fri Sep 14, 2012 7:39 am

We closed on our refinance this week, the gory details are on the blog. Rate and term are great, will save us $180,000 process and customer service were dismal.
Sam

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

Kate1
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Re: Sam's 2012 Savings Goals

Postby Kate1 » Sat Sep 15, 2012 4:55 am

Glad for you that it is done!
Kate

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Eagle
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Re: Refi

Postby Eagle » Fri Sep 21, 2012 5:00 am

Sam wrote:We closed on our refinance this week, the gory details are on the blog. Rate and term are great, will save us $180,000 process and customer service were dismal.


Congrats! Wow that is huge savings! Keep up the good work! ;)
~ Eagle
www.eaglesoaringhigher.com

Marcopolo
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Re: Sam's 2012 Savings Goals

Postby Marcopolo » Sat Sep 22, 2012 9:44 pm

Sam ,

What is your household income ?

Just curious .

**Marcopolo

VinTek
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Re: Sam's 2012 Savings Goals

Postby VinTek » Sun Sep 23, 2012 5:42 pm

Marcopolo wrote:Sam ,

What is your household income ?

Just curious .

**Marcopolo

Marcopolo,

You ask that question a lot around here, yet don't reveal that information about yourself. I find this to be curious behavior.

Sam
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Oct. update

Postby Sam » Wed Oct 10, 2012 8:49 am

(1) Max out 401k(s) - $30,565 (90%)(goal is $34,000)
(2) Max out IRA(s) - $5529 (55%)(goal is $10,000)
(3) Add to e/r fund - $8000 (80%)(goal is $10,000)
(4) Pay down mortgage - $2490 (50%)(goal is $5,000)
(5) House projects - $900 (18%)(goal is $5,000)
(6) Trading account fund - $50 (1%)(goal is $5,000)

Total - $47,634 (69%)

Further details are on the blog.
Sam

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

Sam
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Re: Sam's 2012 Savings Goals

Postby Sam » Wed Oct 10, 2012 10:23 am

Sam ,

What is your household income ?

Just curious .

**Marcopolo


Marco, I can understand why you might ask that question and I've gotten it before between my various postings here on GRS and on my own blog. Obviously, our joint household income would provide some context as to how much discretionary income we have that could go to savings. Clearly, we make more than $69,000 per year since that is the number we are trying to it (although its doubtful we will make it) as for as savings.

My husband and I both have advanced degrees, we both work in professional jobs, we own (with mortgages) three rental properties, our home (with a mortgage) and another property (with a mortgage). Our net worth is on networthiq.com (there is a link on the blog) my data dates back to 2003, I think, on networthiq. I blog about our finances and our adventures in being landlords so clearly I am quite open with a lot of information.

However, I have previously decided not to disclose what we earn in our respective jobs. There are a variety of reasons for this decision, but first and foremost is the fact that my employer does not permit me to disclose that information and work folks read my blog.
Sam

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

Sam
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November Update

Postby Sam » Tue Nov 13, 2012 7:33 am

(1) Max out 401k(s) - $31,379 (92%)(goal is $34,000)
(2) Max out IRA(s) - $5,829 (58%)(goal is $10,000)
(3) Add to e/r fund - $8,400 (84%)(goal is $10,000)
(4) Pay down mortgage - $2490 (50%)(goal is $5,000)
(4)(a) Savings for goal (4) - $415
(5) House projects - $1,200 (24%)(goal is $5,000)
(6) Trading account fund - $50 (1%)(goal is $5,000)

Total - $49,763 (72%)

Looking on the bright side, we've almost saved $50,000 towards our 2012 goals. But, looking on the dark side, we are almost $10,000 behind on our goals with two months to go.
Sam

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

LeRainDrop
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Re: Sam's 2012 Savings Goals

Postby LeRainDrop » Wed Nov 14, 2012 9:22 pm

Sam, keep up the great work! If you're feeling like meeting every one of the goals is unattainable for 2012, don't give up or let your momentum go downhill. Maybe you need some Plan B goals -- that is, slightly readjust some of your goals to levels that are still aggressive but more within reach. Perhaps an overall goal of saving no less than you did last year? Either way, you should be proud of your progress, and the re-fi was also a major step for your financial future, even though it doesn't fit specifically into these defined categories. Kudos!

Sam
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Re: Sam's 2012 Savings Goals

Postby Sam » Thu Nov 15, 2012 7:11 am

Sam, keep up the great work! If you're feeling like meeting every one of the goals is unattainable for 2012, don't give up or let your momentum go downhill. Maybe you need some Plan B goals -- that is, slightly readjust some of your goals to levels that are still aggressive but more within reach. Perhaps an overall goal of saving no less than you did last year? Either way, you should be proud of your progress, and the re-fi was also a major step for your financial future, even though it doesn't fit specifically into these defined categories. Kudos!


Thanks LRD, at this point our general plan is to keep working our 2012 goals as is, but our plan B is to save more than we did in 2011.
Sam

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

CecilyC
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Re: November Update

Postby CecilyC » Fri Nov 16, 2012 6:55 pm

Sam wrote:
Looking on the bright side, we've almost saved $50,000 towards our 2012 goals. But, looking on the dark side, we are almost $10,000 behind on our goals with two months to go.


You know what the Monty Python boys say: "Always look on the bright side of life!" :music:

Seriously, Sam, give yourself major props for this year even if you didn't exactly meet your goals. I wish I could say I'd saved $50,000....

Admiringly,
CecilyC

Sam
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Re: Sam's 2012 Savings Goals

Postby Sam » Wed Nov 21, 2012 6:39 am

Seriously, Sam, give yourself major props for this year even if you didn't exactly meet your goals. I wish I could say I'd saved $50,000....

Admiringly,
CecilyC


Thanks CecilyC, very true and I do recognize our great progress. I was musing about your comments over on my own blog.

http://adventures-of-sam.blogspot.com/2 ... -side.html
Sam

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

Sam
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December 2012 update

Postby Sam » Wed Dec 05, 2012 12:11 pm

(1) Max out 401k(s) - $32,693 (96%)(goal is $34,000)
(2) Max out IRA(s) - $7,898 (79%)(goal is $10,000)
(3) Add to e/r fund - $9,200 (92%)(goal is $10,000)
(4) Pay down mortgage - $2490 (50%)(goal is $5,000)
(4)(a) Savings for goal (4) - $830
(5) House projects - $1,400 (28%)(goal is $5,000)
(6) Trading account fund - $50 (1%)(goal is $5,000)

Total - $54,566 (79%)

At present, we are $10,453 behind on our 2012 savings goals. More over on my blog about our updated goals.
Sam

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


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