I know myself, and for whatever reason the main way to keep myself motivated is to be accountable to anyone, but myself. As I type and re-read that sentence it almost seems immature but the fact that I feel a need to come back here and confess to my failures keeps me motivated me not to fail. That is why I have provided my goals and objectives for 2009 and again for 2010.
These are not resolutions, but rather goals and the actionable steps I will follow to achieve those goals. I equate the difference to saying I will lose 20lbs by going to the gym 3 times a week rather than saying my New Year’s Resolution is to be healthier. Semantics? Maybe to you, but not for Evan’s brain.
2011 Goals and Objectives
So I can judge myself at the end of next year I am going to break down my goals and objectives into a few different categories:
- Personal Life
- Professional Life
- Blogging World
- Financial Goals
I think my personal life is going pretty damn good right now. I am attempting to find that balance between what I believed to be my self-identity and my new found fatherhood. While they will eventually merge, but obviously, the latter is much more important right now, but it would be nice to keep some semblance of who I am while figuring out fatherhood. I am very close with “my pops” and to create that bond with my son is priority number one, way before the rest of this other “stuff.” But how much bonding can a father do with a one year old (he’ll be one by the next time I grade myself)? I literally have no idea and I hope next year I can be surprised how close my boy and I are.
Notwithstanding holding on to “who” I am, I need to better that person and I have a few goals and ideas how to fix that. For whatever reason my health has taken a complete and utter back seat. My goal is to get underneath that 200lb mark. I am only 5’7 so to be carrying all this weight is just unhealthy. I joined a gym last week and am signing up to compete in my first racquetball league! I have played with co-workers for about 18 months and I absolutely love the sport, however, it is sporadic in terms of consistency and intensity.
In addition to increased exercise I need to sleep and read more. To do so I need to balance my time much better. I work a lot. I have my day job and then I come home, run this site, another site, and am always thinking about other ideas. However the balance between them all is so inefficient. I think one way to achieve a more harmonious life is to cut out time wasters. Early next year I want to figure out a way to block certain sites during certain times, and set up “writing times.” Even this post is being written at 12:45AM on the day it is to be published, December 31, 2010.
My day job has been going well. I received a fantastic bonus with an additional raise for 2011, and I recently sat down with the boss-men to discuss how I can improve my position. So my goal is to follow up on the things we discussed which includes being more proactive in determining which financial planners need my help by actually asking them. Amazing Idea, huh?
My next goal is to take my small law practice much more seriously. The income potential is there, I am very good at the small niche I fulfill and I enjoy it so much. My actionable steps include:
- Create a corporation to handle the taxes better
- Obtain Malpractice insurance because I am an idiot for practicing without it
- Cultivate my referral sources
While it is not entirely necessary I plan on building a business atmosphere around the practice. In addition to the corporate structure this would include a dedicate phone number, postal address, website and email address. I’d like to have the practice be a very good portion of my income, and I think these steps are the way to start down that path (especially the cultivating of referral sources).
My Journey to Millions has grown exponentially in the past year, mostly due to the best personal finance blogs out there – The Yakezie Group. The group is fantastic at keeping me motivated by providing both economic opportunities and more importantly comments. Interacting with people, especially larger blogs and those that are successful in both the online world and real life is really the fire that keeps me going. Recently I even had a back and forth on dividend investing with Nickel from the massive financial blog FiveCentNickel. That sort of stuff gets me pumped up.
To continue My Journey to Millions’ growth I am going to continue writing as I have been. I feel like I provide a mixture financial planning, estate planning, insurance planning, with a heavy sprinkle of my life. However, I know there are things I can improve on. I have to figure out a process to make sure I submit to Personal Finance Carnivals, I also want to figure out “affiliate marketing” but both of those are back end blogging stuff that most people don’t care bout. I also want to set up a corporation or LLC that will own my site, The Wife’s site and a few other online ventures.
I’d like to feature more guest posts from my fellow bloggers so if you are reading this Contact Me!
I think as I complete the above actionable steps I’ll get closer to meeting these financial goals:
- Pay off Auto Loan
- Cut Student Loan #1 in half (I have over $65,000 in student loans and Student loan #1 is currently at $6,500ish)
- Increase liquid savings! I am currently at 66% of my moving target.
- Continue to Max out my 401(k) to employer contribution. This is not maxing it out completely, but if and only if, I hit the other goals will I set up a secondary retirement account
- Continue to contribute to my Dividend Fund (between $150 and $300/month)
I am putting myself out there…I’d love to hear what you think?