Tag Archives: 2016 goals

My 2016 Goals – April Update

Feeling left out since I'm a non-Cali financial blogger. HA!
Feeling left out since I’m a non-Cali personal finance blogger. HA!

FINALLY DONE WITH SPRING CLASSES. And it feels so good. The end of this last semester seemed to drag on forever and with the new job, I felt like I haven’t had any time to do much of anything around the house lately. It’s been really nice to catch up on stuff these last few days.

Become a Morning Person

No change from last month – so we’ll hold the status.

Still a work-in-progress because lately I have found late nights to be really productive time for me, especially with school. I would say I still get graded an “I” for incomplete on this one. Still a lot of work to do here.

Run 365 366 Miles this Year

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April was a good running month. I’m sure it was the furtherest farthest (yes, I’m good at grammar) I have ever run in a month because…

Run 2 10Ks & Run my first half-marathon

1 10K Down. 1 Half-Marathon Down.

First Half-Marathon Complete! I clocked in at 2:00:51 for my first 13.1 – which is about a 9:12 pace per mile. My initial goal, a while back, was 2 hours. I definitely reevaluated that lately because I felt like my comfortable running pace for long distances was a bit slower. With that said, I felt really good on race-day and didn’t really hit a wall until mile 12. Overall no complaints and I was very happy.

I’m taking it easy these next couple weeks, but I want to step back in and likely run another half-marathon this fall and push myself a little harder. So this goal may need to be modified for the better.

50 First Dates

A couple of fun trips to Costco and random going out for frozen yogurt lately has been the highlights here. I need to up my game, which should be pretty easy to do now that I have a repreieve from school. Our wedding anniversary is coming up and probably a long weekend trip, as well, likely to Denver.

Make at least $7,500 profit from side hustle-y things

No change here – falling off the pace for my initial 2016 $ goal, but there are only 24 hours in the day. Need to go on an eBay binge here pretty soon. If you list on eBay, you know what I’m talking about. One of those days where I just go hard and list stuff all day.

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Read at least 12 Books (yes, from start – finish)

In the middle of a couple of audio books right now. I’ve also thrown around the idea of running to audio books but haven’t done that yet. I’ll report back to see how that goes.

Increase Net Worth by 35% (About $65K)

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We are now on pace to beat our net worth growth goal for the year. Nothing really of note has occurred in the last month or so just the automated savings doing its thang. May might be a bit of a rough month, as we just got a new fence this week (ouch $$$$). But, that thing is nice and makes me really want to up my yard game.

Until next month!

-TFG

My 2016 Goals – Q1 Update

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It’s really hard to believe we are already to April this year. Time has flown and a lot has happened in the last 2 weeks months (ha – yes, I’m tired). We went to Hawaii, I’ve survived mid-terms for another semester, and I am finishing up the transition of an internal job change. The increased responsibilites will keep me on my toes and probably cause me to dial back a bit on some of these other priorities, but it’s a good career growth opportunity.

Now that I’m through a quarter of the year, let’s see how I’m doing on my original set of 2016 goals.

Become a Morning Person

Still a work-in-progress because lately I have found late nights to be really productive time for me, especially with school. I would say I still get graded an “I” for incomplete on this one. Still a lot of work to do here.

Run 365 366 Miles this Year

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Funny story, we actually found two mornings to run when we were in Maui in February. But it took me almost 3 weeks to have a good run after we came back – guess the runs just aren’t as scenic over here in Texas!

Run 2 10Ks & Run my first half-marathon

Ran a 10K at the end of March to gear up for an upcoming half-marathon. I shattered my personal best for a 6.2 mile run in 49:41 (8-minute flat pace!). It always helps when others are around to help keep a good pace because as you can see I am usually quite a bit slower than 8 minutes. In April, I am focusing on my half-marathon prep, which is actually later this month. So I fully expect slower times – probably in the 9:30 ish range. But I need to work the distance big time – so 55-60 miles is a really good goal for the month of April.

50 First Dates

Our trip to Hawaii, of course, was a great romantic getaway. Recently we have done some small trips with friends and family, but I definitely feel like I need to make this more of a priority in the next month or so. Lately, between the craziness of school and the busyness of a job transition its been tough. Things should start to settle down starting in mid-April and we need to find some great date ideas.

Make at least $7,500 profit from side hustle-y things

This goal has definitely fallen off the tracks a bit. Just not enough waking hours in the day (*cough* doesn’t help when I sleep in *cough). eBay and Amazon have just been small stuff because I haven’t found the time to list very much lately. As spring semester starts to slow down, I need to fix this. And garage sale season is gearing up to be in full swing – I need to get out there and buy up all the good stuff!

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Read at least 12 Books (yes, from start – finish)

Fail. Zero Books Completed.

Increase Net Worth by 35% (About $65K)

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Financial market wise – February & March were much more generous to us than January. Nothing out of the ordinary on my side really. I did take a slight increase to primary residence because the comps have been trending upwards and I wanted to keep my holding value in line (still pretty conservative). Up and to the right, exactly what I like to see!

How are your 2016 goals doing?

-TFG

My 2016 Goals – January Update

January is over and that new year’s resolution feeling has fully worn off by now. Are you changing your habits or did you make empty promises to yourself that you haven’t kept?

Let’s see the progress on my 2016 goals below:

Become a Morning Person

I’m embarrassed to say, but as a grown-ass man I click the snooze button WAY too much. I am still working on getting into my routine that will get me up and productive earlier in the day. The last week or so I have tried to move my alarm to a place where I can’t reach it in bed and I think this has started to help, but still a lot of work to do here to break old habits.

Run 365 366 Miles this Year

I realized that 2016 is a leap year so February 29 is gracing us with her presence this year. In the spirit of keeping with the average of 1 mile per day I’ve upped my number to 366 miles.

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All in all, not a bad way to start out the year on the exercise side of things. January included a total of 10 runs for 33.8 miles total at sub 8:50 average pace. I don’t particularly love running on the treadmill but intervals are good to do from time to time. It also helps me understand my natural pace and try to push/change my natural pace.

Run 2 10Ks & Run my first half-marathon

I’ve started to zero in on my dates for my first 10K (end of March) and half-marathon (mid-April). I have no doubts of running 6.1 miles right now in the shape that I’m in, but still have to work on the mental aspect of running 13.1 miles. So plenty of work left to do here in the coming weeks and months before the half.

50 First Dates

Success in the first month of the year! Highlights include an evening staying in to discuss 2016 financial goals, finally catching Star Wars 7, our too often trips to Costco & the grocery stores, and shopping for some clothes for an upcoming trip to Hawaii –
BE JEALOUS! 😉

Make at least $7,500 profit from side hustle-y things

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Relatively slow start out of the gates here for January. On the eBay side of things, I listed so heavily in Q4 of last year, I’ve had a bit of a hangover. I’ve gotten a decent amount of inventory to Amazon these last few weeks. The biggest thing I am interested to see is what my margins look like once I get my FBA Amazon action really moving. Historically, I have averaged 45-50% margins on eBay. I highly doubt I will hold that high of a margin on Amazon. But it’s also much easier to send things to Amazon in bulk than to list on eBay individually. The other category is mainly some LA Laker’s tickets that I snagged up for Kobe’s retirement tour and re-sold. More to come on that later.

Read at least 12 Books (yes, from start – finish)

About half way through Smart Couples Finish Rich  and currently listening to The Power of Habit on audiobook. I’ll give my thoughts on each when I am through with them.

Increase Net Worth by 35% (About $65K)

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As we all know, it was a rough month for equities across the globe. Just remember that sometimes volatility is good for us over the long term. I expect 2016 to be a bumpy road with plenty of ups & downs in the market. I still expect to max out my HSA, pay down my mortgage, save in pre and post tax retirement accounts. Nothing to see here.

 

-TFG

MY 2016 GOALS SUMMARY – THE BIG 7

I have never been a big fan of New Year’s resolutions, but I suppose creating a list of my 2016 goals is similar. Perhaps a bit less cliché (but is it really?!).

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There is something about writing goals down that makes me push towards them harder. Maybe it is just getting them out of my head and on to a piece of paper, or maybe it is posting them online in hopes that sharing them with a bunch of strangers on the internet will help keep me more accountable. Either way, I highly encourage you to WRITE DOWN (like with an actual pen, not invisible ink) some goals for the upcoming month, quarter, or year. Even if is just a few. Start small, if necessary, and grow from there. Figure out a way to track your progress and check-in regularly. That’s my plan and we’ll see how it goes this year. I will be updating my goal charts monthly. Here are my 7 big goals for 2016.

Become a Morning Person

If you haven’t seen my post on what my current schedule is and where I want to be: check it out. This goal is a hard one to quantify, but there is a reason that it is listed first. Waking up early will help me become a MUCH more productive person and help me achieve my other goals this year and for many, many years to come.

Run 365 Miles this Year

The 365 isn’t significant, other than it really just means that I average at least 1 mile per day. I didn’t want to set this bar too high, as I am not necessarily focused on the arbitrary number, but more the general improvement in my lifestyle and exercise routine. I would expect that I run 2-4 times a week, but that’s not enough by itself. I also will be looking to strengthen my core through some of my wife’s ridiculous work-out at home routines and other weight exercises.

Run 2 10Ks & Run my first half-marathon

I have run 2 10K races in my life. I trained really hard for the first a few years ago and I felt like the journey did my body well. The second time around, I guess my mindset was, been there, done that, because I didn’t train as much. But I did gain something from that race. Because I had done it before, I knew how hard I could push my body and actually ended up with a better time than the first time around (both around 53 minutes). My goal this year is to run to 2 sub 50-minute 10Ks and my first half in under 2 hours. Lofty time goals but go big or go home.

50 First Dates

Okay, get the cheese ball out. But seriously, I want my wife and me to spend more time together. I really mean being engaged with each other. Stipulation here is that if we are watching TV or on our phones, it doesn’t count as a date. It will help that we are on the same schedule, since she doesn’t work during the middle of the night anymore!

Make at least $7,500 profit from side hustle-y things

I’ve got my eBay store, small-time ticket brokering, and recently started with the Fulfillment by Amazon path. If I have time, I am also looking to get some side consulting and/or tutoring going as these types of ventures are nearly pure profit other than the time that I invest in them. Last year I was too focused on sales volume, this year the focus needs to be on the cost-benefit analysis of my time vs. the profit that comes from the activity.

Read at least 12 Books (yes, from start – finish)

And no my accounting & economic textbooks for my spring classes won’t count. As I disclosed last month, I am great at cracking open books, but not good about finishing them. Exhibit A – I did not read Smart Couples Finish Rich last month fully, so that was a fail! Need to do a better a job of carving out time daily or nearly-daily to read. I am a creature of habit.

Increase Net Worth by 35% (About $65K)

Both Financial Samurai and I believe the market will take a slight decline in 2016. If I get a positive return on my investments in the next year, it will just be gravy. I’m not counting on it and honestly not worried about it, either way. With that said, I can still save money in my 401K, ROTH, & HSA accounts, pay down my mortgage, and increase other after-tax savings. With increases of about 31% and 32% respectively each of the last two years, a 35% net worth increase is a bit lofty of a goal, but I like challenges.

 

Notice that my blog is not in my top 7 goals this year. I only have so much bandwidth and I love reading and writing about personal finance. Ideally, I have a goal of posting every week this year, but I need to be realistic about my priorities. I think this is another underrated part of goal-setting. Making sure you prioritize what is in front of you and executing on the highest priorities. If you get to the lower priority goals, AWESOME! If not, pick yourself up, realize you can’t do it all at once, and re-evaluate your priorities next time, if necessary.

Stay tuned next month for updates and goal charts. What are some of your goals this year? How do you plan to achieve them and what are the biggest obstacles you see in the upcoming year?