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Thursday, March 23, 2017

2011 Goals

Posted by Tim Stobbs on November 12, 2010

So after knowing I’m going to fail at making my 2010 goal you might think I would give up making an annual goal in 2011.  Yet I’m still going to do it.  Why?  Because I’m a firm believer that if you write down a goal strive for it and miss you will be further ahead then if you never had the goal at all.  So here are my 2011 goals:

Goal #1: Pay down mortgage principal by $39,000.

This year I’m giving myself a little slack since I’m getting better at estimating what I can reasonably do in a year.  So even when I really wanted to round that number up to an even $40,000 I resisted the temptation.  For those of you wondering where this will leave me in the longer run I should be close to paying off my mortgage by the end of the first quarter of 2013 if I keep up this pace in 2012.

Goal #2: Self publish my book, Free at 45, by end of the first quarter 2011.

After working on/off on this project for the last few years I’m rapidly getting to the point I just want to get the project over with.  If you have never written a book before let me be honest.  It’s a LOT of work and more than anything just takes commitment to get it done.  Depending on how badly this turns out or not, I might consider taking book proposals for launching a 2012 title.

How about you?  What goals are you planning to do in 2011?

Comments

4 Responses to “2011 Goals”
  1. Jon_Snow says:

    Our goal is to continue to save 4 – 5k per month for 2011 so that by early 2012 we can be in a position to pay off the mortgage completely, or pay off a good chunk of it, renew for a 1 year term at a cheap rate, and keep lots of cash ready for investing opportunities.

  2. JMK says:

    $10k to max out both of our 2011 TFSA contributions
    $24k in extra mortgage payments
    $12k in RRSP contributions (in addition to automatic payroll deductions).
    $6k to kids education fund

    Extra commitments under consideration, but which would require me to add a PT job:
    Finish recroom ($5k), $5k more to replace furniture
    Replace back deck ($5k)
    Complete landscaping ($2k)

  3. brendan says:

    SURVIVE!

    Just had my first child in May, switching to single income. shoud be interesting.

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