I had 6 big goals for 2011:
- Lose 12-24 pounds. This one I failed miserably. In fact, I've gained more weight this year.
- Increase my net worth by $50,000. I blew this right out of the water. In fact, my net worth increased nearly $70,000 in 2011. Once again my retirement accounts significantly outperformed the markets. However, the biggest contributor to the increase was in reducing debt. Even though I bought a foreclosure this year with credit card checks, my overall debt fell by $25,000. Let me repeat: I took on new debt to invest in a rental property (about $25,000), but my total debt still fell.
- Reduce utilities expense by 10%. In 2010 I spent $2,703 on electricity, natural gas, water/sewer, Internet and phone. My goal was to reduce this to $2,433 in 2011, or spend on average $200 per month. In 2011, I spent $2,702 on utilities, basically the same as last year.
- Cut credit card/car loan debt to $8,000. It was $44,979.53 at the end of 2010. I did not anticipate buying a house with credit card checks, so I did not meet this goal.
- Pay off car loan. Not only did I pay it off, but I sold it. We became a one car family earlier this year.
I had a sixth goal related to the restaurant. Obviously I didn't meet that goal since we closed the place down.