Goals and Other Updates
How did you do on your goals for 2011? With the year nearly over, I thought it was time to give an update on what worked and didn’t work for me this year.
My official 2011 goal was to at least “quadruple my total 2010 gross non-employment income by improving the quality and sales of my existing side projects (iPhone apps and blogging) and by creating at least one new side project that I carryout to completion.”
How did I do?
Early on I thought quadrupling my total gross non-employment income was a real possibility, since I was on track to double it. But, sadly, I haven’t kept up that trajectory. At all. I did increase my gross non-employment income by about 7% though, so that’s better than a poke in the eye with a sharp stick. Next year my aim will be to increase it by a flat sum of $30,000. (I’m taking the OnlineMoneyBloggers Challenge.)
I did carryout the one side project to completion: I have a new web site about blogging. It’s still looking a little rough around the edges, but it’s up and running. Check it out and let me know what you’d like to see more of there.
More mortgage progress
I really wanted to pay off our mortgage early (meaning by the end of this year!). Short of some kind of sudden, unanticipated inflow of cash, we’re not going to get that done. But! We are down to $39,103.46 as of today, and we will be able to send more to it before the year is out. So we’re at least getting closer to having that knocked out. My new goal there is to have it paid off by May, which would mean coming up with some major cash to send to it — a whole lot more than I managed over the past year. Now I just need to get a plan in place to actually make that happen.
So now it’s your turn. How did you do for the year? Did you use any kind of different approaches that helped? Let me know!