There isn’t a lot of time left in 2010. As I get older, time seems to move faster. Perhaps now that I am not spending eight or more hours dedicated to a day job, I will be able to slow down the passage of time. With more time, 2011 may be better for me in terms of meeting the goals and targets I set for myself. I only have a few weeks left to meet my 2010 goals.
Rather than wait to see what I might be able to cram in during the last week of the year, I’ve decided to evaluate my progress as of today.
At the beginning of 2010, I wasn’t convinced that my income from outside my day job would pick up. I have put in a lot of work, and some faith in some partners to help in the areas I didn’t have time for, and it has paid off. The goal I set called for maintaining a six-figure income outside my day job. Even without the relatively new development of having left the corporation where I’ve worked for the past nine years, I was able to build income well into six figures.
In terms of investing for the future, I’ve put a lot of money away. I was scheduled to maximize my 401(k) contribution this year, but leaving the job early meant I fell slightly short. I’ve made up for that by investing in my 2009 IRAs. In the past few months I’ve begun investing in my 2010 SEP IRA as well.
I haven’t set a net worth goal since the beginning of 2008. The confidence I had at that time was shattered by the end of the year thanks mostly to the stock market and the economy. I didn’t meet my net worth goal in 2008, and I didn’t set one for 2009 or 2010. I ended 2008 with about $180,000 in net worth as I currently measure it. On December 31, 2009, my net worth was around $300,000, and I’ll be ending this year around $525,000. With or without predefined goals, my net worth growth has been successful this year.
I’ll write more about my income and expenses when I wrap up the year with my final net worth report of 2010.
Beyond finances, I set a few additional goals for the year. I wanted to get in shape this year. I didn’t establish any new healthy habits this year, but I did eat healthier in general. In the past few months, I’ve greatly decreased my intake of red meat, and I’ve managed to lose some weight. Earlier in the year, I was on the team that won a six-week health challenge at work through eating healthier and changing some habits. I didn’t, however, exercise much more than I had been the past few years. With more flexibility moving forward, that will change.
The most important goal I set was to spend time on the activities that I enjoy. Through leaving my day job, I can focus on the work I do enjoy, such as writing articles and managing this website. I spent more time with photography in 2010, taking more classes and having the opportunity to practice the craft.
Overall, this has been a successful year. Even if I didn’t make every goal I set for myself, I was able to build strongly on everything that is important to me. In a few days I’ll start thinking about my goals for 2011.
Did you meet your goals this year?
Published or updated December 20, 2010. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.