<< Back to all Blogs

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.

*********************************
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)

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

Freedom - Oh Freedom!!!

December 19th, 2008 at 02:05 pm

Mirror: People walkin' around everyday
Playin' games and takin' scores
Tryin' to make other people lose their minds
Well be careful you don't lose yours!

Me: Huh?!?

Mirror: Oh freedom (freedom)
freedom (freedom)
Oh freedom
Yeah freedom (yeah)

Oh freedom (freedom)
freedom (freedom) freedom
Oh freedom
Yeah freedom (yeah) freedom!!
Hey - think about it
You! think about it

Me: One more time!!!!!

Mirror: Oh freedom (freedom)
freedom (freedom)
Oh freedom
Yeah freedom (yeah)

Oh freedom (freedom)
freedom (freedom) freedom
Oh freedom
Yeah freedom (yeah) freedom!!
Hey - think about it
You! think about it

And with that, I am debt free except for my mortgage.

Source: http://uk.youtube.com/watch?v=qE41YPdPuis or

http://uk.youtube.com/watch?v=J0y2dDlFmLg&feature=related

Posted in Goals | 18 Comments »

18 Responses to “Freedom - Oh Freedom!!!”

kdmoffett25 Says:
December 19th, 2008 at 02:12 pm 1229695932
1229695932

Way to go!!!!
Broken Arrow Says:
December 19th, 2008 at 02:12 pm 1229695965
1229695965

Alright! Congrats!
Caoineag Says:
December 19th, 2008 at 02:27 pm 1229696850
1229696850

Congrats!
NJDebbie Says:
December 19th, 2008 at 02:32 pm 1229697123
1229697123

I looked at your sidebar and I think you did a magnificent job at slashing your debt. Congratulations, you are an inspiration. I wouldn't be surprised if you paid off your mortgage soon.
creditcardfree Says:
December 19th, 2008 at 02:53 pm 1229698388
1229698388

Wheee!!! That is wonderful. Thanks for sharing your journey with all of us. You had set backs, but still stayed the course. Admirable and inspirational all rolled into one!!
Petunia Says:
December 19th, 2008 at 03:10 pm 1229699421
1229699421

Congratulations! What a great accomplishment!
monkeymama Says:
December 19th, 2008 at 03:14 pm 1229699640
1229699640

That is quite awesome! Congrats!

With all you have been paying down, think of what you can do to your savings now. !!
scfr Says:
December 19th, 2008 at 03:36 pm 1229700980
1229700980

Ahhhhh!!!!! Way to go Merch! Awesome job!
Aleta Says:
December 19th, 2008 at 03:37 pm 1229701025
1229701025

Congratulation! What a way to start the New Year. Makes goals a whole lot more assessible now with freed up money.
Ima saver Says:
December 19th, 2008 at 03:54 pm 1229702053
1229702053

good for you!!
North Georgia Gal Says:
December 19th, 2008 at 04:25 pm 1229703921
1229703921

Congratulations! What a relief you must feel!!!
ceejay74 Says:
December 19th, 2008 at 04:34 pm 1229704488
1229704488

Woo hoo! Amazing!! I hope you stick around and continue to root for the rest of us who are still chugging along.
mom-sense Says:
December 19th, 2008 at 05:40 pm 1229708433
1229708433

Wa-hoo! Congratulations! You remain a beacon of inspiration to those of us who are just now getting determination!
Koppur Says:
December 19th, 2008 at 05:54 pm 1229709285
1229709285

Whoo-hoo!! Congrats!!
Be safe with the storm this weekend!
ceejay74 Says:
December 19th, 2008 at 06:26 pm 1229711184
1229711184

PS: You should celebrate by updating your bio in the side bar. A lot has changed since you first joined SA!
merch Says:
December 19th, 2008 at 06:41 pm 1229712111
1229712111

Thank you, everyone. It has been a long rewarding and tiring year. I'll probably blog about it later. I sent the electronic payment out this morning for $13,407.34, but who's counting?

My wife doesn't know yet. So, I'll pick up a little bubbly at the store on the way home. As kids are playing in the snow, maybe we'll toast to a Merry Christmas while listening to Aretha Franklin.

And, good point, ceejay.
shiela Says:
December 19th, 2008 at 10:16 pm 1229725004
1229725004

That's great! Congrats! So happy for you.
baselle Says:
December 20th, 2008 at 05:38 am 1229751522
1229751522

Impressive! Congratulations for being one of the few people who were fiscally successful in 2008.

(Note: If you were logged in, we could automatically fill in these fields for you.)

Name:	*
Email:	Will not be published.
	Subscribe: Notify me of additional comments to this entry.
URL:
Verification:	* Please spell out the number 4. [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]

Not So Mighty Merch

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

Freedom - Oh Freedom!!!

18 Responses to “Freedom - Oh Freedom!!!”

Leave a Reply