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.