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Monday, January 2

My Frugal Miser - 2012 Goals

I have grand plans for 2012.

This time last year we were about to open the restaurant.  While that was a much more exciting time in my life compared to today, I still have some exciting plans.

My 2012 Goals
  1. Lose weight. At least 24 pounds.  I've never met this goal.  Will 2012 be different?
  2. Increase my net worth by $50,000.
  3. Reduce utilities expense by 10%. In 2010 I spent $2,703 on electricity, natural gas, water/sewer, Internet and phone. In 2011 I spent $2,722, basically flat year over year.  For 2012, I would like to reduce it to $2,432.
  4. Reduce credit card/LOC debt by $36,000.  My mortgage balances will also decline, but since they are on auto-pilot I will focus on credit cards and the three lines-of-credit I have with my bank.
  5. Purchase 1 rental property.  It will be great if I can purchase more, but I will push myself to at least do 1 new investment this year.

1 comment:

  1. Good luck on the weight loss. I've lost 30 pounds a couple of times before. The first was when I lived in Guatemala for three months. I lost a steady 10 pounds every month I lived there. The other time was hiking on the Appalachian Trail. Walking 15 miles a day with 30 pounds on your back and only having the food you carry does lead to weight loss. Those methods aren't helpful in everyday life. If I find something else that works I'll let you know.