Financial Goal
Until now, I have had a very vague idea of what I want to accomplish. Getting out of debt is only a portion of the equation. It's going to take a long time, but how do I get there? Not only that, but once I get there.. and max out my retirement savings.. and get my emergency fund.. what then?
I have a financial goal. My goal is $100 per day in passive income (or at least non-traditional employment generated income), 5 days a week. I have a few ideas to try. I'll post about them as I go along. I'm not sure what the parameters are yet and I may modify this goal/plan a dozen or so times in the coming weeks, but this is my starting point.
It's not enough for me to stay at home, but then I'll never be able to do that. Wes and I are unable to be approved for private medical insurance. Since my job provides medical insurance, I can't lower my hours to part time or quit to work from home.
So, what will I do with an additional $100 a day? Pay off the debts faster. Give extra money to Wes' daughters (one is in college and the other goes in the fall). Travel. Max out our personal retirement options. Save. Probably equal divisions in all of those categories. Maybe. I still have to map it on my spreadsheet.
I have a financial goal. My goal is $100 per day in passive income (or at least non-traditional employment generated income), 5 days a week. I have a few ideas to try. I'll post about them as I go along. I'm not sure what the parameters are yet and I may modify this goal/plan a dozen or so times in the coming weeks, but this is my starting point.
It's not enough for me to stay at home, but then I'll never be able to do that. Wes and I are unable to be approved for private medical insurance. Since my job provides medical insurance, I can't lower my hours to part time or quit to work from home.
So, what will I do with an additional $100 a day? Pay off the debts faster. Give extra money to Wes' daughters (one is in college and the other goes in the fall). Travel. Max out our personal retirement options. Save. Probably equal divisions in all of those categories. Maybe. I still have to map it on my spreadsheet.
Labels: Budgeting, Jobs, Money, Planning, Spreadsheets

1 Comments:
At April 10, 2008 at 4:24 PM ,
Anonymous said...
Wow, that is an ambitious goal! Good for you! Right now mine is only $100 / month. I tried doing some designs on cafepress, but I am not the best t-shirt designer (I'm not going that route anymore). Let us know how it goes.
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