Updated over 11 years ago on . Most recent reply
2014 Goal Evaluation / 2015 goals
Momentum = (Mass)(Velocity)
The mass of tasks I get done in any year is directly affected by how much velocity I have coming off of last year. I am hoping to add to this mass as we start this new year. Here's what I accomplished last year:
- bought my first investment property / primary residence (duplex)
- made progress on paying off my student loans
- developed my outline for funding my next real estate purchase
- replaced the boiler in my new property
- learned how to plumb
- worked full-time while completing 12 credits towards my masters degree in traffic engineering
- Turned Real Estate investing into a reality and my own business
Some stuff I found I was lacking was at:
- Pay off more student loan debt
- My Land-lording skills
- My Energy levels
My goals for this next year (relating to building wealth) are:
- Finish my master's degree
- Take my Professional Engineer License exam
- Get my Real Estate License
- Get my thesis published (arguable as relevant but decided to put it here)
- Refinance last years purchase to take advantage of sales-price growth and eliminate PMI
- Add more insulation and air sealing to duplex to finish energy efficiency grant program
- Consolidate Student Loans
- Reduce food expenses by $100 per month
- Redo my standard lease agreement
- Transition some hobbies to be more energy building and thus lengthen my productive day.
- Do one Real Estate investment deal with $30,000 to $60,000 that has an ROI around 10%
Hoping to keep this momentum going for the entire year. Having quantifiable goals and tracking my goals as I go is important (at least that's what I've read). So, there's another goal to add to the (somewhat) ambitious list.
Any other folks out there 25-35 with similar goals? Any criticism or feedback is also welcomed.
-Motivating quote for this year-
"you can't climb the ladder of success with your hands in your pockets" - Arnold Schwartzenegger