Welcome to 2011! Little did I know when I started this blog in January of 2008 that I would learn so much and come so far in my struggle to overcome my debt and control my spending. Over the past three years I've heard from so many of you who are in the same situation, either just beginning your journey or close to the end. It helps so much to know that I'm not alone in this battle!
I've also heard from many of you who "walk the talk" so to speak; people who have always, it seems, lived frugally. Those who are living within (or beneath) their means, who espouse the ideals of simple living without feeling as if they're missing out on anything. I am hoping to join the ranks of this latter group within the next two years. Until then, I'm continuing to ramp up my extra income while attempting to control the negative financial effects of my 'shopping gene' (I think I'm generally pretty successful at this, although this past Christmas I fell off the proverbial wagon).
With that said, here are my goals for 2011:
- Attempt to double my income (from roughly $40,000 from the day job to $80,000 including all of my part time and full time income. With all four of my current jobs, I'll only make around $65,000 in 2011 so I need to add about $15,000 in additional income to get there);
- Related to the bullet item above, continue to develop my online teaching portfolio in order to bring in extra funds;
- Pay down my second mortgage to such a degree that I can sell my home in the spring of 2012;
- Continue paying at least the interest on my student loans.
3 comments:
Looking forward to spending the journey with you :) All the best in 2011!
Wishing you the best of fortitude in following your plan! You know if you follow it, chances are you will get where you want to be :)
You've already come a long long way! Remember that and look back when you need to see your progress!
My goals this year are much different. Having made it to debt-free allows that :) Mine is to drop from job earnings of $22,000 per year down to about $9000 per year... I negotiated my hours down to 3 part time days a week with fully paid health insurance - and time off for grandkids and school buses :)
I want to spend more time with family and friends. Since the loss of my Mom and step-dad both this year, time seems so much more fragile and precious, and I want to work on those things I have been putting off :)
Happy New Year! And may everyone succeed at their resolutions!
marci357
You're doing well. Don't get burned out working toooo hard. Have you tried renting part of your space out while you're at work -- nice if you could find a night worker who sleeps while you're out. Good luck. Are you using travel brochures as a carrot?
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