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Tuesday, January 3

My Frugal Miser - Reviewing My 2022 Goals

 I set 4 goals for 2022.  Here's how I did.

My 2022 Goals:

(Financial) Make investing more passive I want to sell at least one rental property in 2022 and reallocate the money to a fully passive investment.

Status:  Achieved!  I sold two rental properties and so far the timing and results look spectacular.  Shortly after selling, the housing market slowed considerably thanks to higher interest rates.  I deployed the proceeds from the Airbnb into one account and have grown the balance by $58,000.  This is significantly more than the income I would have generated from rent.  I placed the proceeds from the second sale into a different account.  It, too, has increased, but by a smaller amount.

(Health)  I would like to weigh 175 by the end of 2022.  
Status:  Failed.  I gained weight in 2022.  Nearly 30 pounds.  Gotta do better.

(Simplify)  I will eliminate personal belongings that I no longer need.  One of the major personal projects in 2022 is updating our home.  There are several large projects I'd like to do, and getting rid of the clutter around the house will help us enjoy the home more.

Status: Some progress, but plenty opportunity remaining.  I usually keep a cardboard box out and add donations to it.  Then when there's enough to justify the trip, I'll drop the donations off at Goodwill.  In 2022 I made a couple of sizable donations, but we currently live in a small, 1,000 square foot house with minimal closet space.  I basically use one bedroom to store extra supplies and things that don't fit elsewhere, and want to get to the point that I don't need to do this.

(Travel on a Budget) I don't just love to travel; I live to travel.  Inflation and pandemic fatigue mean travel is getting more expensive (just look at airfares!).  I will spend more time learning how to maximize travel programs and loyalty points.  I will research places I'd like to visit, take advantage of deals, and be mindful about how I spend my travel dollar.

Status:  Failed.  We did plenty of travel, but as many of you discovered, inflation hit hard in this category.  I lost money gambling, spent too much on expensive meals, and ended up spending more in 2022 on travel and fun than ever.  This is one category where I usually don't feel bad about spending, as long as it's a good value.  I made a few poor choices though.

So there you have it.  Of the four goals I set for 2022, I exceeded one, did okay on another, and failed at the other two.  I plan to post my 2023 goals this week.

1 comment:

  1. I just tallied up our spending for 2022, and travel was very high for us as well!