Comments on: 2008 Goals http://blog.canadian-dream-free-at-45.com/2007/12/06/2008-goals/ Tue, 07 Feb 2012 18:14:07 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Personal Inflation http://blog.canadian-dream-free-at-45.com/2007/12/06/2008-goals/comment-page-1/#comment-6482 Personal Inflation Thu, 17 Jul 2008 12:39:45 +0000 http://blog.canadian-dream-free-at-45.com/?p=292#comment-6482 [...] ground for the year. So all told unless the markets go up hugely I could see us falling short on my 2008 net worth goals. So rather than getting depressed about not making my goals.  I’m going to keep working at [...] [...] ground for the year. So all told unless the markets go up hugely I could see us falling short on my 2008 net worth goals. So rather than getting depressed about not making my goals.  I’m going to keep working at [...]

]]> By: Weekly weight monitoring | Quest For Four Pillars http://blog.canadian-dream-free-at-45.com/2007/12/06/2008-goals/comment-page-1/#comment-2331 Weekly weight monitoring | Quest For Four Pillars Sat, 29 Dec 2007 14:29:22 +0000 http://blog.canadian-dream-free-at-45.com/?p=292#comment-2331 [...] has turned into our highest viewed page. Thanks to Tim from Canadian Dream for his post about goals which inspired the post and also to Patrick from Cash Money Life who stumbled the article. [...] [...] has turned into our highest viewed page. Thanks to Tim from Canadian Dream for his post about goals which inspired the post and also to Patrick from Cash Money Life who stumbled the article. [...]

]]> By: Canadian Dream http://blog.canadian-dream-free-at-45.com/2007/12/06/2008-goals/comment-page-1/#comment-2084 Canadian Dream Sun, 09 Dec 2007 21:13:30 +0000 http://blog.canadian-dream-free-at-45.com/?p=292#comment-2084 MG, Yes I know I have a very high house value to total assets ratio. I don't actually track it, but I'm aware it is there. So I don't really care about the ratio that much. In my mind I have two goals: 1) pay off the house and 2) have a large enough nest egg to retire. When I sell the house, it will help the second goal, but I can't predict by how much or when. So I don't really care all that much other than to assign a number to it. Tim MG,

Yes I know I have a very high house value to total assets ratio. I don’t actually track it, but I’m aware it is there.

So I don’t really care about the ratio that much. In my mind I have two goals: 1) pay off the house and 2) have a large enough nest egg to retire. When I sell the house, it will help the second goal, but I can’t predict by how much or when. So I don’t really care all that much other than to assign a number to it.

Tim

]]> By: moneygardener http://blog.canadian-dream-free-at-45.com/2007/12/06/2008-goals/comment-page-1/#comment-2065 moneygardener Fri, 07 Dec 2007 19:18:54 +0000 http://blog.canadian-dream-free-at-45.com/?p=292#comment-2065 Great year wrap up. I like how specifically you outline your goals. I noticed that you have a very high house value:total assets ratio. Do you monitor this? Do you care about it? Great year wrap up. I like how specifically you outline your goals.

I noticed that you have a very high house value:total assets ratio. Do you monitor this? Do you care about it?

]]> By: Canadian Dream http://blog.canadian-dream-free-at-45.com/2007/12/06/2008-goals/comment-page-1/#comment-2056 Canadian Dream Fri, 07 Dec 2007 12:31:15 +0000 http://blog.canadian-dream-free-at-45.com/?p=292#comment-2056 Lise, Net worth just happen to be the metric I've been using to track my overall progress. You are correct that it is possible to have a high net worth, but no income production since it is all tied up in your house value or non income producing investments. Running parallel to my net worth is my passive income generated. That is currently around $1400/year. The reason I don't use my passive income as a progress metric is most of our investments are geared for growth right now, which means I'm not actively trying to increase my passive income too much at this time. I have been adding some income producing investments as opportunities have arise, but in the end it's not my current goal. I feel it is too early to just focus on income producing investments. I have about 15 years left to go. So the plan is to keep to growth for the next 10 year or so and then with the last five start switching the investments over. Of course I will still pick up the odd income investment as time goes on, but it will not be my focus. I hope that explains things. In the end my net worth seems to be the only metric I have that provides progress on all my goals (reduce debt and increase assets). Tim Lise,

Net worth just happen to be the metric I’ve been using to track my overall progress. You are correct that it is possible to have a high net worth, but no income production since it is all tied up in your house value or non income producing investments.

Running parallel to my net worth is my passive income generated. That is currently around $1400/year. The reason I don’t use my passive income as a progress metric is most of our investments are geared for growth right now, which means I’m not actively trying to increase my passive income too much at this time. I have been adding some income producing investments as opportunities have arise, but in the end it’s not my current goal.

I feel it is too early to just focus on income producing investments. I have about 15 years left to go. So the plan is to keep to growth for the next 10 year or so and then with the last five start switching the investments over. Of course I will still pick up the odd income investment as time goes on, but it will not be my focus.

I hope that explains things. In the end my net worth seems to be the only metric I have that provides progress on all my goals (reduce debt and increase assets).

Tim

]]> By: Lise http://blog.canadian-dream-free-at-45.com/2007/12/06/2008-goals/comment-page-1/#comment-2050 Lise Thu, 06 Dec 2007 23:29:26 +0000 http://blog.canadian-dream-free-at-45.com/?p=292#comment-2050 Hi CD. Interesting post. I understand why banks like net worth, but I'm not sure I see the value of them myself. I mean, you can have a really high NW and still not be able to retire if it's not generating income. What made you pick that as a goal? Hi CD. Interesting post.

I understand why banks like net worth, but I’m not sure I see the value of them myself. I mean, you can have a really high NW and still not be able to retire if it’s not generating income.

What made you pick that as a goal?

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