THIS POST MAY CONTAIN AFFILIATE LINKS. PLEASE READ MY DISCLOSURE FOR MORE INFO.
Since we are 3/4 through the year, I thought now would be a great time to review the progress on my 2017 goals. Admittedly, looking back at some of the goals I set, I wonder what I was thinking with a few of them.
The good news is the year is almost over, and I can’t wait to set some new goals for 2018. Next year, I am definitely going to stretch a bit more.
Without further ado– the progress on my goals, thus far:
Financial
-
Grow net-worth (excluding my home and 529 plans) by 25%.
Pass
To date, our net-worth is up 20.8%. Projected out, that means that we are slightly ahead of schedule in our goal to increase our net worth by 25% for the year. Since the market is up 11.73% for the year so far and at 12.40% with dividends, my net-worth is outpacing the market. Admittedly, I’m not sure how the market has shrugged off all of the negative news. Between a pending war with North Korea, Congress having trouble passing much of anything, and the bull market now entering its 8th year, I anticipated more pullback in the market. But, I’m not complaining.
-
Save 70% of take-home pay.
Fail
We currently stand at 65% of our take-home pay. We were doing so great in the first quarter, achieving 71%. However, in the 2nd quarter of the year, our savings dropped to 62%. In the 3rd quarter, we were able to save 67%, although if we didn’t have to replace our water heater, we would have been able to save 70% for the quarter. Oh, the joys of home maintenance. But, I guess I should be thankful to be replacing the water heater preventatively as opposed to waking up to a flooded basement.
Blog
-
Increase viewership.
Pass
I passed 100,000 page views last month. The continued growth of the blog continues to surprise me. On top of that, I was recently nominated as a Plutus finalist for the Best New Personal Finance Blog. Thank you, to each one of you, for reading and providing insightful comments. I love interacting with you, and I wouldn’t be where I am today without you.
-
Make enough money through the blog to sustain the costs associated.
Pass
I’m really excited that over the last 9 months, I’ve made over $2,000. With the blog’s continued growth, it is encouraging to see more revenue, although I still have more to learn in order to fully monetize the blog. If you have any tips on how you have increased your revenue, feel free to share!
Personal
-
Work out 4x a week and weigh 175 pounds.
Pass
I’ve been attending bootcamp 3-4 times a week fairly consistently. Although over the last two weeks, I haven’t done as well. Between some work travel, teaching a financial class at church (I’ll share more about this later), and preparing for the arrival of our second child, it’s been a busy time.
On the weight front, I am down to 178. Looks like by the end of the year, if I can keep attending bootcamp, I should achieve my goal of 175. On top of that, I am beginning to really see the effects of the workouts on my body.
I never quite understood that where you gain weight first is usually the place that you lose weight last. I gain weight in my stomach first, unfortunately. So, I felt a bit frustrated working so hard and not seeing any results with my stomach. But all of a sudden, it seemed like my abs started to become visible. That’s been motivational for me.
-
Eat healthier.
Fail
My wife says that I’m doing better. I tend to disagree. If I was really dedicated, I would be eating more protein and more leafy vegetables. The good news is I have eliminated the late-night desserts. My treat at night is usually a chocolate protein shake, which satisfies the sweet craving. I’m also still eating an apple every day, but I need to integrate more fruits and veggies.
-
Find a new job.
Pass
In March, I started a new job. It continues to be a really good fit. I really enjoy the work, and I have even received a bonus. Even better, I have been making more and more contacts everyday. On the first day, my boss told me to learn about the organization and focus on my future goals. He has been instrumental in helping me plan out my next steps in the field.
-
Go somewhere memorable for our five year anniversary.
Pass
Since my wife is pregnant, we decided to stay home for this anniversary. While the baby has not arrived yet, my wife is full-term. We look forward to meeting our new son soon and couldn’t ask for a more memorable 5-year anniversary.
-
Read the Bible and pray with my wife everyday.
Pass and Fail
My wife and I have been doing a consistent job of praying together each night. With that said, we have not been made it a priority to read the Bible together. While we both read individually, we really need to get into the routine of reading together.
-
Show more empathy.
Pass
With all of the recent hurricanes and natural disasters, I have been trying to help out in anyway that I can. While it feels like I can never do enough, I am trying to do my part in helping those recovering from these disasters. It’s a great opportunity for all of us to show some more empathy towards our fellow man. These type of disasters can affect any of us at the drop of a hat.
Congrats on your net worth! And on the savings rate…even at 67%! I am trying to get to 70% but it is hard to do with three kids. What is your expected saving rate once you have have two kids?
And boot camp 3 to 4 times a week on top of it all. Great progress:)
Caroline recently posted…FI Income and Goals – Sept. 2017
I’m hoping the first year that costs won’t be too much with the newest addition. After that I have a feeling that our expenses will rise, hopefully our income rises as well 🙂
Growing your net worth by 25% is no easy feat. At this rate’ you’ll definitely be on track for FIRE in a couple of years.
For me, my goal is to grow my net worth by 10% a year. I am on track with a 9%+ increase as of the third quarter. Even if there is a mediocre increase in the market for the fourth quarter I should hit that goal.
Congrats on the 100k monthly page views. What’s next? 200k page views?
Leo T. Ly @ isaved5k.com recently posted…What Are You Thankful For This Thanksgiving?
Thanks Leo!!! My net worth is definitely not where yours is. So it’s a little bit easier to get there 🙂 I guess the next goal has to be 200k 🙂 Although I have a feeling it’s going to take a lot longer to get there.
I would check out http://www.thefrugalmillionaireblog.com to get more info about running a blog and making money. Sarah, who runs the site, is really knowledgeable.
I’m a newbie to your blog but I love it so far. Congrats to your future 2nd child!
Ashley. Trying to get my new blog off the ground. I will check the frugal millionaire out too. Thanks for the tip. Tom
Tom @ Dividends Diversify recently posted…Bridge To Engine Room: We Need More Power!
Thanks for the tip Ashley!!! I’ll have to check it out 🙂
I’ve been waiting for your quarterly update report for months! Congrats in the increase in net worth and readership! I’m amazed at how fast your readership has gone up in a year. I hope I can be where you are one day!
Ms. Frugal Asian Finance recently posted…Sep 2017 Food Expense Report – $1,106.2
I have seen your readership numbers and you are crushing it. You are doing much better than I did when I first started out. Keep up the awesome work 🙂
Mustard, Congratulations on a number of fronts. Most noteworthy to me is the success of your blog readership and revenue. I’m a new blogger in the personal finance space and see how tough it is to accomplish what you have done. Great job again including the Plutus award. Tom
Tom @ Dividends Diversify recently posted…Bridge To Engine Room: We Need More Power!
Thanks Tom!!! It’s definitely been a journey but I feel like I’m making more progress by the day. I honestly had no idea how hard it would be 🙂
Congrats on all the success with your goals so far this year! Congrats on the Plutus nod! My votes are in for the finalists. Good luck! A 65% saving at is amazing, even without hitting your goal.
Brian recently posted…Net Worth Update: September 2017
Thanks for stopping by Brian!!! I am definitely happy with the 65% savings rate, even if I’m failing 🙂
Congrats on the Plutus Nomination and the success you are having this year, Rob!
Thank you for the kind words Amy 🙂
Great job with those goals! And congrats on the Plutus nomination! I was so thrilled to see so many blogger friends being honored; great job. 🙂
Mrs. Picky Pincher recently posted…Feeling Your Tatas Is Frugal!
Thanks Mrs. Picky Pincher!!! I definitely was excited and to see so many amazing blogs get nominated was great to see 🙂
Congrats on all of your successes so far, MSM! Great job with the net worth increase, blog growth, and exercising more. I personally would give you a “pass” on the eating healthier front. Cutting out late night desserts is a big deal!
SomeRandomGuyOnline recently posted…Friday Blog Roundup – 10/6/17
Thanks SRGO!!! I have definitely done much better on this front although I have to admit I had a cheat day with a little bit of ice cream 🙂
Congrats on passing so many of your goals. And 65% savings rate is still awesome! The healthy food one is really good too as I have cravings for late night sweets too. I will usually calm them down now with a couple of dark chocolate almonds 🙂
SMM recently posted…The Things You Own End Up Owning You
Dark Chocolate Almonds sound amazing!!! Good thing I don’t do a lot of the grocery shopping. Otherwise I’d weigh double what I do 🙂
That savings rate is really impressive. I can’t imagine accomplishing your goal of 70%. I think my taxes and housing alone come out to be way more than 30%. Maybe I need to increase the paycheck.
Jason@WinningPersonalFinance recently posted…Super Coin Flip Risk Assessment
It definitely makes it a lot easier to save when you get rid of the mortgage 🙂
So far, so good. You have almost all passing grades. You are having a great year. Congrats on all of your successes and milestones.
Dave recently posted…Blogger Recognition Award
Thanks Dave!!! I appreciate the kind words 🙂
Awesome savings rate! Mine isn’t nearly that high, although my wife is currently home taking care of baby number 2! Two isn’t much more expensive then one and it really only makes life a bit crazier!
PedalsforPennies recently posted…Storage Wars Part II – Renovations
Thanks for sharing PedalsforPennies!!! We are definitely hoping that Baby #2 doesn’t cost as much. Especially since we already have a lot of the clothes/gear 🙂
re: new water heater. What made you replace it? Did you have it inspected & the inspector said it was near failure? Did you drain it partially & find rusty water?
I’m faced with the same issue. I have a 10 year old water heater. Not sure if I should replace it or not. My water heater is in the garage & there is a drain in the middle of the garage and it slopes down. If the water heater fails, most of the water should either drain out or flow under the garage door. It would still be a mess but not as bad as it were in the basement.
Did you get a more efficient water heater? That should save you money over the long term. Not sure about the payback period but it’s only the incremental cost. I used to do this kind of analysis. A water heater fails but replacement heater is more efficient than the one that it is replacing. The entire cost is marked as replacement costs but you get the added efficiency for no cost.
Hi Dan…My wife decided that at 13 years old she didn’t want to wake up to a flooded basement even though we have no problems or leaking. Even the company that we ended going with said we probably had another year on it. I tried to explain that nothing would happen but I couldn’t convince her. So for peace of mind and a happy wife we’re taking the plunge 🙂
Nicely done – and all of the fails are very close (plus if your wife says you’re eating fine, take it!).
Congrats on the Plutus nomination. You’ve put out so much good content it’s hard to believe you qualify as “New”! Fingers crossed
Paul recently posted…Personal Finance Basics (and Achieving Your Goal In Life)
Thanks you for the kind words and for stopping by Paul!!! I’ve been around a little over a year so I think I just sneak in on the cut off point 🙂
Great job on your goals so far. I think your not that far on eating heather, just eating more fruits and veggies and you should be on your way.
Kris recently posted…Expense Chronicles – September 2017
Veggies are definitely a struggle. Fruits I can tolerate better. I just need to start clamping down and forcing myself until I acquire the taste 🙂
Congrats on meeting most of your goals so far and most importantly congrats on your wife’s pregnancy. Hope all goes well with that.
Jason recently posted…2017 3rd Quarter Debt Repayment Update
Thanks Jason for the kind words 🙂
So many blessing coming your way MSM. All the very best for baby and mother. I follow the 60/20/10/10 rule with income allocation. 60% total living expenses, 20% Investment. 10% Unquestioned spend (fun money essentially). 10% Saving for larger purchases e.g. travel, car etc. It is working very well….. especially the 20% invest bit!
Thanks for sharing Mr. HM!!! Sounds like you are knocking it out of the park. Plus I love that you are spending 10% on fun stuff. Sounds like you have a terrific budget 🙂
Wow you’re killing your goals and congratulations on the baby on the way, you’re right, can’t ask for a better anniversary present!
Also congrats on the Plutus nomination!!
GYM recently posted…Traveling to Hawaii for 5 Weeks with an Infant
Thanks for stopping by GYM!!! I definitely agree it’s the best anniversary present we could receive 🙂
Babies = awesome
Wes recently posted…May 2017 Blog Numbers
I can’t agree more 🙂
Congratulations on your goals! My favorite one on your list is practicing empathy. This is a skill we all need to work on.
Thanks Michelle!!! I’m glad you enjoyed the list. Empathy is definitely something that I have to actively work on 🙂 I’m glad it’s on my list.