- Lose 30 pounds. Start: 230 Current: 233
My weight hasn't really changed. After some initially encouraging results following our move to Clearwater in August, I've struggled to control my eating. I am happily much more active now and exercise on my bicycle regularly. But I still have a sweet tooth.
- Increase net worth $75,000.
My net worth goal will be met because of the inheritance I am receiving, but the intentions of my goal were to grow my existing assets by $75,000. Excluding the inheritance I am only up about $15,000. I am falling short because of unexpected expenses and vacancies at my rental properties.
- Reduce utilities expense 10%.
While cutting my utilities is a noble goal, I think there are other areas in my financial life that make a bigger impact to my future. In the first half of 2012 I spent $274.22 on electricity and $137.36 on gas (TOTAL: $411.58). In 2013, I spent $383.93 on electricity. We do not have gas at our Florida home. We have slightly reduced our usage but not by 10%. I will probably scratch this "goal" and just be mindful of our spending.
- Reduce debt to $350,000 (or $300,000 if my tenants exercise their lease-purchase option.
Since most of my inheritance is in a Beneficiary IRA, I will keep my debt reduction goal as is (although I did use nearly $20,000 of the inheritance towards debt reduction). Currently my total debt is $366,334, a reduction of $30,982 from 12/31/2012. I will meet this goal by yearend.
- Purchase one piece of real estate.
I am currently in the market for my next rental property. I'm not aggressively pursuing this goal, but just last month I looked at a couple properties.