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2017 goals

January 1st, 2017 at 06:32 pm

I had some fun last night and this morning coming up with various resolutions and goals for this year! I tried for a mix of financial, practical and creative, and I'll try to post about my progress as I go and maybe a monthly recap.

2017 Goals:

Financial:

- Attempt refi on US duplex if it appears home values are strong enough to give us 80% LTV

- Increase 401(k)/SEP contributions up to 10% for NT, 10.5% for me and 11% for AS.
(Right now NT is at 8% with match, I'm at 9.5% with match, and AS is at 10%)

- Get assets above a million, debt below $450K, net worth to $600K, retirement above $350K

- Explore possibility of selling lower unit of duplex to friends.

Other goals:

- Continue home renovations:
Upstairs bathroom (complete redo)
Insulation for whole house
Save up as much as we can for kitchen (complete redo)

- Re-establish nearly daily walking and no breakfast/snacks habits; get weight below 130

- Self-publish two novels (already written, need editing) and write at least one more

- Try about one new recipe per week (at least 50)

- Declutter/reduce stuff, beginning with boxes of paper

- Take a more active role in garden/yard maintenance

Big picture goals:

$490,175 in retirement assets by 2019
Balance as of 12/30/16: $297,419
(NT $62,100 salary X 3 = $186,300
CJ $66,625 salary X 3 = $199,875
AS $52,000 projected income X 2 = $104,000)
Ultimate goal: 8x annual income by retirement

Explore selling UK flat and buying a rental property in Minneapolis

Completely debt-free by age 65 (2039)

Posted in Uncategorized | 6 Comments »

6 Responses to “2017 goals”

  1. ThriftoRama Says:
    January 1st, 2017 at 07:24 pm 1483298675
    1483298675

    Um, if you need Beta readers for those novels, I'm in!

  2. My English Castle Says:
    January 1st, 2017 at 08:18 pm 1483301906
    1483301906

    I'm also up for beta-reading from both you and Thrift. I feel like an underachiever in the goals dept. Maybe I'll rethink goals when DH gets a job!

  3. rob62521 Says:
    January 1st, 2017 at 08:33 pm 1483302806
    1483302806

    Very worthy goals!

  4. Kaycee Fisher Says:
    January 2nd, 2017 at 12:33 am 1483317201
    1483317201

    I don't like to call them resolutions. I prefer to think of them as goals. And they are pretty much the same as last year.
    - - Save MORE
    - - Spend LESS
    - - Go to the gym 3x a week
    - - Eat better (I had my ups and downs with this one)
    - - Lose 20 pounds (that did NOT happen)
    - - Less time online. (that did NOT happen)
    - - Read at least 100 books (that DID happen)
    - - Declutter, declutter, declutter (that is an ongoing process)

  5. Buy, Hold Long Says:
    January 2nd, 2017 at 04:23 am 1483331025
    1483331025

    Sounds like a few good plans. I am currently starting my financial career in investing and still new. You can check out my blog if you would like to. I am looking at trying to produce a second income by the way of dividend income. All the best for 2017

  6. FrugalTexan75 Says:
    January 2nd, 2017 at 04:37 pm 1483375077
    1483375077

    Sounds like good plans!

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