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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
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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
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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)

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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

2008 Goals

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Goals 2008
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1) Pay off debt (except mortgage) by October 1st
. a) Pay off CC
. b) Pay off Car
. c) Pay off Car 2
. d) Pay off wife's braces
. e) Pay off son's medical
3) Invest $15,500 in 401(k)
4) Review and reallocate retirement funds by end of Q1
5) Will by end of Q2
6) Life Insurance by end of Q2

MOVED TO 2009
2) Invest $15,000 by year end
7) Save $4,000 for college

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Progress for 2008 - All Debt
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Total Debt
12/31/2007 - $49,442
01/31/2008 - $45,288 ($4,154 paid)
02/29/2008 - $41,289 ($3,999 paid)
03/31/2008 - $38,116 ($3,173 paid)
04/30/2008 - $23,057 ($15,059 paid)
05/31/2008 - $18,301 ($4,756 paid)
06/30/2008 - $17,645 ($656 paid)
07/31/2008 - $16,060 ($1,585 paid)
08/31/2008 - $13,898 ($2,162 paid)
09/30/2008 - $12,898 ($1,000 paid)
10/31/2008 - $5,909 ($6,989 paid)
11/30/2008 - $1,853 ($4,056 paid)
12/19/2008 - $0 ($1,853 paid)

$6,000 CC (0% until May 2008)
12/31/2007 - $6,000
01/31/2008 - $3,543 ($2,457 paid)
02/29/2008 - $1,388 ($2,155 paid)
03/18/2008 - $0 ($1,388 paid)

Car 1 (4% interest rate)
12/31/2007 - $5,726
01/31/2008 - $5,317 ($409 paid)
02/29/2008 - $4,761 ($556 paid)
03/31/2008 - $4,264 ($497 paid)
04/01/2008 - $0 ($4,264 paid)

Wife's medical (Not included in total)
06/01/2008 - $4,498.52
06/30/2008 - $1,498.52 ($3,000 paid)
07/21/2008 - $0 ($1,498.52 paid)

Car 2 (3.9% interest rate)
12/31/2007 - $17,064
01/31/2008 - $16,432 ($632 paid)
02/29/2008 - $15,800 ($632 paid)
03/31/2008 - $15,168 ($632 paid)
04/30/2008 - $5,029 ($10,139 paid)
05/31/2008 - $929 ($4,100 paid)
06/30/2008 - $929 ($0 paid)
07/31/2008 - $0 ($929 paid)

Wife's braces (0% interest rate)
12/31/2007 - $2,652
01/31/2008 - $2,496 ($156 paid)
02/29/2008 - $2,340 ($156 paid)
03/31/2008 - $2,184 ($156 paid)
04/30/2008 - $2,028 ($156 paid)
05/31/2008 - $1,872 ($156 paid)
06/30/2008 - $1,716 ($156 paid)
07/31/2008 - $1,560 ($156 paid)
08/31/2008 - $0 ($1,560 paid)

Son's medical (0% interest rate)
12/31/2007 - $18,000
01/31/2008 - $17,500 ($500 paid)
02/29/2008 - $17,000 ($500 paid)
03/31/2008 - $16,500 ($500 paid)
04/30/2008 - $16,000 ($500 paid)
05/31/2008 - $15,500 ($500 paid)
06/30/2008 - $15,000 ($500 paid)
07/31/2008 - $14,500 ($500 paid)
08/31/2008 - $13,898 ($602 paid)
09/30/2008 - $12,898 ($1,000 paid)
10/30/2008 - $5,909 ($6,989 paid)
11/30/2008 - $1,853 ($4,056 paid)
12/19/2008 - $0 ($1,853 paid)

Mortgage (5.5% interest rate)
10/31/2008 - $342,373 ($470 paid)
11/30/2008 - $341,900 ($472 paid)
12/09/2008 - $341,425 ($475 paid)

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Saving and Investing
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Invest $15,500 in 401(k)
01/31/2008 - $1,451 invested
02/29/2008 - $3,291 invested
03/31/2008 - $4,881 invested
04/30/2008 - $6,547 invested
05/31/2008 - $8,621 invested
06/30/2008 - $10,210 invested
07/31/2008 - $11,787 invested
08/31/2008 - $13,844 invested
09/30/2008 - $14,991 invested
10/31/2008 - $15,500 invested

Savings Goal of $15,000
05/31/2008 - $0 saved

College Savings Goal of $4,000
05/31/2008 - $0 saved

Not So Mighty Merch

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

2008 Goals