THIS POST MAY CONTAIN AFFILIATE LINKS. PLEASE READ MY DISCLOSURE FOR MORE INFO.
With 2016 officially done, I thought I’d share my goals for 2017 with everyone. In recent years, I really haven’t set up yearly goals. So, I figured why not get back on track. These goals should stretch me but should still be attainable. Winning the lottery or getting a six-pack will not be on this list. Neither of those are likely. So with that said, I hope you enjoy.
Grow net-worth (excluding my home and 529 plans) by 25%.
The past two years I’ve been able to grow my net-worth by 40% and 35%. I’m not expecting to grow my net-worth like this every year. Previously, the bulk of our net-worth has been due to increases in our savings rate. Now that our net-worth is much higher, the amount of savings will unfortunately not have the same impact that it did a year or two ago. On top of that, a lot of this is dependent on the stock market. I’d love for the market to return another 14% next year. That’s probably unrealistic though. I’d truly be ecstatic with a 8% historical return. Running through the numbers, if I’m able to save 70% of my take-home pay, along with maxing out my 401k and IRA, with a 8% stock market return, I should be able to hit that 25% number.
- Save 70% of take-home pay.
The past two years I’ve hovered around 65%. Reviewing the numbers on Personal Capital, I’m not exactly sure what I can do to bump this number up. Even if I totally eliminated our restaurant bill, I still would only be at 69%. The only way that I really know how to increase savings is to make more money. So here’s hoping that the blog starts generating some money 🙂
I started this blog in August of 2016. My first month, I had just a handful of views. I think my first few comments were from my mom. Thanks mom for providing encouragement on the articles. To be where I am today is incredible. I am incredibly thankful for all of you that take the time to read each day. I love the community and love the feedback that I receive. My goal is to double the number of monthly page views from 16,000 page views to 30,000 by the end of the year.
Make enough money through the blog to sustain the costs associated.
I don’t have a ton of money invested into the blog. I’ve invested around $200 so far. It would be wonderful to recoup the fees that I’ve paid so far, but that’s not my main concern. I find the blog to be an incredibly fun, creative outlet for me, although it would be a nice side benefit to make a few bucks from it.
Work out 4x a week and weigh 175 pounds.
As most of you know, I hate going to the gym. I wrote earlier this year about how health and finances are related. I’d like to continue down a healthy financial and physically fit path. I’m currently 187 pounds. In Tony Horton from P90X terminology, I’m a little “loose in the cage.” So this year, I’m hoping to drop 12 pounds by going the gym 4x a week. My plan right now is to go three days Monday thru Thursday and then on Saturday.
I have made tremendous strides in this area. Prior to meeting my wife, I actually ate terribly. Eating a box of donuts on the weekend, washing it down with a 2 liter of coke. I was a hot mess. Now that I’m married, I actually have balanced meals and don’t eat nearly as badly. With that said, there is always room for improvement. If I’m going to reach my goal of dropping 12 pounds, eating better will be at the top of the list.
Find a new job.
I have an interview after the holidays that I am currently prepping for. Whether or not I get selected remains unknown, but I am excited about the possibility. At this point, I feel like I have hit a ceiling in my current job. While it would be easy to stay in a comfortable environment, I have the yearning to stretch myself and learn something new.
Go somewhere memorable for our five year anniversary.
My wife and I will be celebrating our five year anniversary in September, and I’d love to do something memorable. I’m trying to convince her to go to Iceland in August. I’m not sure she’s as excited about it since she loves warm weather and the beach. But we will see 🙂
Read the bible and pray with my wife everyday.
I’m in a pretty good habit of reading my bible every morning before work but not as good at reading it on the weekend. I’m not so good with praying with my wife before bed. Sometimes, I fall asleep too quickly, but I want to make a conscious effort to do so on a more regular basis.
Show more empathy.
I talked previously about how empathy can make you a better investor. I try to treat my neighbor as myself as much as possible. There are times that I selfishly put myself first when I know I should be more empathetic about a situation. This year, I’m going to try to continue doing a better job and have my wife give me feedback. She’s brutally honest with me and that way I can “measure” how I am doing.
Readers, have you all written your 2017 goals down? What are some of your top goals for the year? Please share below.