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Started By
Message
re: Your 2023 Financial Goals
Posted on 1/3/23 at 12:01 pm to pioneerbasketball
Posted on 1/3/23 at 12:01 pm to pioneerbasketball
.
This post was edited on 4/29/23 at 5:20 pm
Posted on 1/3/23 at 1:30 pm to pioneerbasketball
(no message)
This post was edited on 4/3/23 at 4:09 pm
Posted on 1/3/23 at 2:52 pm to msutiger
quote:
3. Payoff vehicle I purchased last year by July. 3.5% interest rate but I don’t want a monthly note.
Can help accelerate...
quote:
1. Max Out Roth IRA
quote:
4. Emergency Savings back up to 15K after dipping into it for unexpected tax bill in December
if you take the monthly note, after paid off, and put it in 1, 4 or any other investment vehicle. Pun intended.
If you afford the note, you can afford to save/invest the note.
Posted on 1/3/23 at 3:15 pm to Turf Taint
1. Get to big number milestone in investment account.
2. Continue to invest 40% net income
3. Continue to save for potential move. Meet saving goal by end of next year.
4. Increase work productivity by 20%. Be more deliberate.
5. Keep cash reserves in check.
6. Cut monthly spending by 20% (less eating out, less spontaneous purchases, more delayed gratification).
2. Continue to invest 40% net income
3. Continue to save for potential move. Meet saving goal by end of next year.
4. Increase work productivity by 20%. Be more deliberate.
5. Keep cash reserves in check.
6. Cut monthly spending by 20% (less eating out, less spontaneous purchases, more delayed gratification).
Posted on 1/29/23 at 11:45 am to pioneerbasketball
First Month is almost over.
How is everybody doing so far?
So Far.
1. Stayed Debt Free
2. Still working on retirement
4. Credit score went up a couple of points
How is everybody doing so far?
So Far.
1. Stayed Debt Free
2. Still working on retirement
4. Credit score went up a couple of points
Posted on 1/29/23 at 12:05 pm to pioneerbasketball
Rental properties are all filled up so cash flow is nice right now. Not looking forward to taxes coming up though
Overall everything is on track.
Overall everything is on track.
Posted on 1/29/23 at 12:12 pm to HailToTheChiz
quote:
Prevent wife from making us poor
I would like in on this. Please post step-by-step process, plan or chart. We’re a month into this year and burning daylight.
Posted on 1/30/23 at 10:35 am to meansonny
quote:
2023 financial goals
1) make more money than 2022 (sales)
2) net worth over $1.25M (~20%growth)
3) get closer to maxing out all tax advantaged opportunities. I have college students now and it is more difficult than prior years.
1) I had 2021 bonuses paid out in Jan 2022 that are not offered this year.
So I'm already down 23% on year over year comp.
2)I'm up 2.72%. Ahead of pace on net worth.
3) I've gotten through the first year expense for my oldest in college and have recalibrated my retirement savings. Assuming no financial emergencies, I should max out retirement and will see if I can max HSA as well.
quote:
Now that I am experiencing kids leaving the home, I have been more active in finding events to spend time with the family (music festivals, sporting events, motorcycle trips, etc..).
I am less focused than past years on getting every dollar possible to work for me. But so far, I am good with the tradeoff.
We've got tickets for the family for Bob Weir at symphony hall and tickets for the shaky knees festival in atlanta. We are looking to navigate a few more family concerts as well.
This post was edited on 1/30/23 at 11:21 am
Posted on 1/30/23 at 9:54 pm to thegreatboudini
quote:
1. Don't panic
2. Stay the course
3. See 1
My man!
Just as my favorite coffee mug says: Keep calm. Trade on.
Posted on 1/31/23 at 12:54 am to pioneerbasketball
Stop blowing 10k a month. Once I figure that out I can probably focus on financial goals.
Posted on 1/31/23 at 7:24 am to pioneerbasketball
Guess I don’t have any. “Stay the course” I guess.
Max 401k
Max wife and I’s Roth IRA
Continue to invest and save where we can.
Max 401k
Max wife and I’s Roth IRA
Continue to invest and save where we can.
Posted on 1/31/23 at 12:21 pm to pioneerbasketball
quote:
How is everybody doing so far?
Goal was soft target until I figured out I owe taxes
Posted on 1/31/23 at 12:57 pm to pioneerbasketball
Just saw this thread and figured I'd add mine goals
1) Continue maxing out all retirement accounts
2) Pay off car debts (1 scheduled to be paid in summer, other will require $5k payment at year-end) to free cash flow
3) Accumulate a shite-ton of debt. Hoping to buyout the owner of my current company in Q3 through SBA loan and owner finance
1) Continue maxing out all retirement accounts
2) Pay off car debts (1 scheduled to be paid in summer, other will require $5k payment at year-end) to free cash flow
3) Accumulate a shite-ton of debt. Hoping to buyout the owner of my current company in Q3 through SBA loan and owner finance
Posted on 2/4/23 at 9:01 am to pioneerbasketball
My goal is pretty simple this year...do more short-term trading.
Hot start!
Biggest winners so far:
MVIS
LWLG
SI
LCID
Hot start!
Biggest winners so far:
MVIS
LWLG
SI
LCID
Posted on 2/4/23 at 6:08 pm to pioneerbasketball
Fingers cross that the start up I invested in has only minor hiccups when it goes live
Posted on 12/28/23 at 10:49 pm to meansonny
quote:
2023 financial goals
1) make more money than 2022 (sales)
2) net worth over $1.25M (~20%growth)
3) get closer to maxing out all tax advantaged opportunities. I have college students now and it is more difficult than prior years.
Now that I am experiencing kids leaving the home, I have been more active in finding events to spend time with the family (music festivals, sporting events, motorcycle trips, etc..).
I am less focused than past years on getting every dollar possible to work for me. But so far, I am good with the tradeoff.
1) I finished 2.5% short. When the goal is to be over (not match) that sucks.
2) I finished at 19% growth. I'm comfortable with the long term plan.
3) I moved dormant funds to better producing options. I pretty much maxed my 401k. 50% of HSA. Have my wife maxing her 401k match and maxing her IRA. This is good improvement year over year.
The family had a great ski trip in January.
We saw Bob Weir and the the wolf Bros play with the Atlanta Symphony Orchestra. Took the family to Shaky Knees festival.
Went to Savannah on a motorcycle trip with my FIL and oldest son. Trekked down to Albany GA for the state track and field finals with my youngest daughter and FIL. Flew to Dallas with my youngest son and FIL for the world robotics competition. Took my dad and family to a hockey double-header (UGA vs GT and Gladiators vs Stingrays) with seats on the glass. All 4 of my kids (ages 19-15) went to a concert in Nashville without us old folks. Took a half dozen camping trips and another half dozen hikes.
Despite the work struggles, I couldn't be happier with how the year went.
This post was edited on 12/28/23 at 10:50 pm
Posted on 12/29/23 at 9:25 am to lynxcat
quote:
1. Finish automating finances 2. Establish will 3. Determine disability insurance needs / planning 4. Continue retirement savings 5. Open and fund 529
1. Basically done, always fine tuning
2. Fail. Have started process.
3. Sticking with coverage through work
4. Crushed this one, more progress than expected
5. Complete. 529 more of a focus on 2024.
Posted on 12/30/23 at 7:52 pm to pioneerbasketball
$4m net worth by 45
Posted on 12/31/23 at 8:47 am to kaaj24
Might still be a good time to buy even if prices don't drop. You have to consider the rent you can charge and other factors. Your net income and long term appreciation are more important than home prices.
Posted on 12/31/23 at 8:50 am to makersmark1
Love your first one. Spend less than you make is #1 financial goal I try to teach my grown kids.
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