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About Me:

Not So Mighty Merch

I know that where I am now is not where I want to be (in credit card debt and medical debt). I vaguely now where I want to be (running a small business (franchise or real estate), having more quality time with my family, and less stress or maybe different stress).

So, this is a journey from here to there. Wherever there is. Hence the title and my confusing ramblings.

I am embarrassed to say: I make more then I should and still live paycheck to paycheck, I am older and should be more mature, I am educated (MBA in Finance) and should know better, I have worked for investment houses and am unable to manage mine.

I think you get the general idea.

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Goals 2010
*********************************
2. EF Fully Funded
. a. 4th Month - $5,000
. b. 5th Month - $5,000
. c. 6th Month - $5,000
3. Contribute $14,000 to Son 1 529
4. Contribute $8,000 to Son 2 529
5. Extra $36,000 to mortgage
6. Rebalance portfolio
7. Educate myself more on Real Estate
8. Educate myself more on foundations

DONE:
1. Invest $16,500 in 401(k)

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Savings and Investing
*********************************
Mortgage (4.5% interest rate)
01/31/2010 - $341,840 ($1,413 paid)
02/28/2010 - $340,422 ($1,418 paid)
03/31/2010 - $338,973 ($1,448 paid)
04/30/2010 - $337,544 ($1,429 paid)
05/31/2010 - $336,109 ($1,434 paid)

*********************************

DONE:

Invest $16,500 in 401 (k)
01/31/2010 - 2,295 Invested
02/28/2010 - 4,718 Invested
03/31/2010 - 7,268 Invested
04/30/2010 - 10,430 Invested
05/31/2010 - 12,980 Invested
06/30/2010 - 15,402 Invested
07/31/2010 - 16,500 Invested

My Pages

Conversation with Myself

May 2nd, 2008 at 01:30 pm

So I had a conversation with myself this morning.

Mirror image: You make me sick!!!
Me: What did I do now?
Mirror: Your goals. Are you going to up them or what?
Me: Well, I am still working on some scenarios ?.
Mirror: LIAR!!!!!
Me: Well, they?re very aggressive ?.
Mirror: So we shouldn?t do it because it?s hard?
Me: Well I might fail and it will be in my blog ?
Mirror: This isn?t about them. This is about you and where you want to be.
Me: But?..
Mirror: You got keep on adjusting those goals every time they become achievable.
Me: But?.
Mirror: But nothing!!! How do you think a baby learns to crawl? You put the toy just out of reach. Then the baby twists and turns until he gets the toy. Now, you move it further away. And the baby learns to crawl
Me: These last goals are just in my grasp.
Mirror: Exactly!!! Time to move the line!!!
Staring into the mirror and in my best Rambo voice: GOALS!!! I?m coming to get you!!!
As I was leaving, the mirror: That?s my boy. Keep the focus.

And with that, I am upping my savings goal from 10k to 15k. Yes, a 50% increase.

I am also adding a new goal of saving 4k in college funds for my kids.

This should keep that guy in the mirror happy and off my case, at least for a little while.

June is next month. At the end of the month, we will be half way through the year. Are you on track? Do you need to make your goals more aggressive? What?s holding you back?

You might need to talk to that guy or gal in the mirror. Be careful, they know when your lying and they don?t take excuses.

Posted in Goals | 8 Comments »

8 Responses to “Conversation with Myself”

sagegirl Says:
May 2nd, 2008 at 01:39 pm 1209735542
1209735542

So instead of the voices in my head, now the mirror might start talking to me? LOL I think it is great and I applaud you for making a bold move. It is inspirational. Can't wait to see how it turns out.
Slowlygettingthere Says:
May 2nd, 2008 at 02:07 pm 1209737240
1209737240

Ouch... When you put the "june is next month" in...
Thank you for the gentle nudge .
cashqueen Says:
May 2nd, 2008 at 02:23 pm 1209738230
1209738230

Crap, are we almost half way through the year already? I think I'm going to have to buy my 'guy in the mirror' a beer to distract him and loosen him up....
ceejay74 Says:
May 2nd, 2008 at 02:27 pm 1209738467
1209738467

Heyyy, you were just telling me to pace myself. Is that so you could sprint ahead of me laughing?
Well, you've goaded me sufficiently. I have a budget surplus I'm saving till AS changes jobs, and if I don't need it to cover a gap in paychecks, I pledge to put most of it--no, ALL of it--toward debt repayment.

Dang, I just aced myself out of some "mad money." But I'll thank you later, Merch!
merch Says:
May 2nd, 2008 at 03:17 pm 1209741438
1209741438

lol ceejay

I was just looking at my goals and believe that they were all accomplishable. I don't like to get too comfortable. So let's move the line and see what happens.

For those keeping score at home, this is the third time I have changed my goals for 2008.
Petunia Says:
May 3rd, 2008 at 04:15 am 1209788146
1209788146

Wow, Merch, you're a busy guy this year! You've accomplished an amazing amount, but are still raising the bar for yourself. I might be getting inspired to do a bit more, LOL.
baselle Says:
May 3rd, 2008 at 04:59 am 1209790755
1209790755

Its nice that the voices inside your head help you make money. Mine just help me get a window seat on the bus.
Broken Arrow Says:
May 7th, 2008 at 02:41 pm 1210171297
1210171297

Hahaha, that mirror guy sure is a harsh taskmaster. But I guess every boat worth its sea salt has a whip-snapping drum beater.

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Not So Mighty Merch

Where I am now is not where I want to be. So this is my journey from here to there.

Conversation with Myself

8 Responses to “Conversation with Myself”

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