Mine and Emily’s 2017 Goals!
OK, I know we’re a little late in the month but I decided I want to make these annual goals public for all to see. However, before we get started I want to recap on one of the best years of my life. I’ve done a lot of great things this last year. Not just financially, but family wise as well. The list is as follows:
- Graduating from Rockhurst University with my MBA in Finance.
- I’ve paid off my house! I still have an interest free credit card to pay off, that will be taken care of by March.
- Emily started her fitness and health coaching business.
- I started this blog!
- I started Officer Candidate School for the Army National Guard.
- Emily’s parents started coming over to my family functions…I was a little nervous at first.
- Our Net Worth increased $67,485 or 58% with the help of extra income and investments!
All in all a pretty good year. We have made tremendous progress to make 2017 an even better year!
Drum roll please
I really only have one goal for 2017 and that has to do with our finances, work, and family.
- Emily and I want to quit our full time careers on Aug 1st 2017 to work on our side businesses full time!
The reason we want to do this is because we plan to have a baby this year and we want to spend as much time at home as possible. We want to have the ability to do whatever we want. And working from home on our own business allows us to do just that! Our motivation is spending quality time with our first child. How often do parents talk about wanting to spend more time with their children and they don’t get to because of work constraints. We don’t want to be in that position so we’re working our butts off now so we want have to go back to work. Also, I don’t want to leave Emily home by herself with a newborn. So working our side hustles full time is a must for 2017!
I think this goal of freedom came from the most inspiring book I read in 2017, The Four Hour Work Week, by Tim Ferriss. Buy it or look it up on YouTube! This book will change your life! It changed mine.
Or better yet. Listen for free!
I’m telling you this book is a must read, or listen. If you are looking to become free from the rate race and gain independence in your life this book is for you! I want the freedom to work when I want and where I want and this book helped show me the way!
What kind of income do we need to make this possibility a reality:
In order to make this an indefinite change we need to make at least, minimum, $2,000 a month with our side businesses. This is an amount that we can live on… Maybe not comfortably. But it’s something we can live on indefinitely without having to eat into our savings.
I’m ready to use our savings if we have to, but I would rather not. We have our home paid off and our credit card will be paid off in March. Then throughout the rest of the year we should be able to stash away $20,000 before this deadline. So $20,000 would allow us to get by for 10 months in order to work the businesses to profitability.
So there it is, that’s the big 2017 goal. Wish me luck.
What is your massive action goal for 2017? It’s never to late to start a New Year resolution…well maybe Dec 31st.