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Monday, January 1

My Frugal Miser - How I did on my 2023 Goals

 Every year I set a few goals to keep me on track.  In 2023 I published 4 goals:

  • increase net worth by 12%; increase rental income by 15% or sell a property
  • weigh 175 pounds
  • declutter the house by removing 2 items for every new one, keep my inbox clear, stop wasting time doing unnecessary things
  • Limit spending in the Fun category to $5,000
Let's see how I did...

  • My net worth barely budged.  It increased by about $6,000 in 2023.  I knew while setting my goals that I was going to have a big tax burden to pay in 2023, I didn't realize it would be more than $94,000.  I consider the second part of that goal pertaining to rental properties a success.  I sold my last Florida rental property and I increased the rent on one of the Alabama properties by 14%.  I collected 10% more rent from the condo I own in Birmingham.  Real estate syndication income was basically flat.
  • I gained weight.  Fail.
  • I created a system for decluttering the house.  We keep a couple of large boxes in the office to store things that I'll donate, and when full, we take them to a nearby charity that operates a thrift store.  I spent some down time between meetings tackling to-do items that were clogging my inbox.  It feels like a weight has been lifted by finally conquering these procrastinated tasks.  Success.
  • Spending on Fun in 2023 was $4,959.  Success - thanks to a winning gambling session on our December cruise, I just barely made it under my $5K goal.  This is the lowest this category has been in at least 5 years.  Progress.
Overall I feel like setting goals helped me accomplish more than if I didn't have a plan in place.  

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