Tag Archives: goals

Mid-2014 Check-In


Now that half the year has passed, it’s a good opportunity to check in on your progress towards your personal and financial goals. I try to check my progress quarterly, but I usually find the end of June is really when I have an idea where I’m going to end up. This year? Not so hot. Click here to read my original 2014 Goals & Plans I ended up with a small income tax refund when I was expecting a much, much larger amount — as in, $4,000 more. Since my original intention was to go on vacation with the cash and then bank any leftovers for next year’s tuition, I had to make some serious adjustments to my original plans. Without a fat income tax refund, I axed the vacation. I assumed I wouldn’t get to go anywhere this year, but 2 weeks ago a side project took me […]

30 Financial Milestones You Need To Hit By Age 30


Below are 30 financial milestones you should strive to achieve by age 30. They cover everything from debt repayment to saving to negotiating your salary. I know how you guys love lists, so I made this for you! Let me know how many you have personally accomplished AND what you would add to the list! 30 Financial Milestones You Should Meet Before Age 30 1. Financially independent of your parents. Parents always want to help but eventually their doting will become a hinderance when it comes to establishing yourself as a self-sufficient adult. I’m a firm advocate that you should establish complete financial independence of your parents in your early twenties, but if an unexpected emergency or crippling debt threw you back in the nest for a few years, make sure you claw your way out by 30. 2. Debt free. There’s no excuses to carry the spending mistakes of your […]

How To Save Up Six-Figures In Seven Years (with spreadsheets!)


You guys were so stoked about my spreadsheet post about how to save $10,000 that I decided to make an even better post for a goal that takes even less work. If you have Numbers on your Mac, the template for this spreadsheet is available for download by clicking here. How would you like to save up six figures in 7 years? If you hesitated at all before answering that, let me ask you a few questions: How old will you be in 7 years? 30? 35? Will 30 year old or 35 year old or whatever age you like to open their bank account and see $100,000 in there? Does 30 or 35 year old want anything $100,000 might help them with, like a downpayment on a house or starting an RESP for a mini-you? (You might have kids by then, I don’t know your life) All I know is […]

Your Goals Are Stupid


I wanted to get this post out before you go ahead and mess up your 2014 Resolutions before the year even starts. It needs to be said: your goals are stupid. I mean that. You want stupid things and you’re going about it in a stupid way. I can say this because I’ve been there. I have an extraordinary list of stupid goals I’ve made in the past, and when I look it over, I can’t even decide if I feel more stupid about the ones I failed to accomplish or the ones I actually did. You Financial Goals Are Stupid If… – your savings target is more than you’ve ever grossed in a year in income. This is actual insanity, but I see it fairly often. “I’m going to save $75,000 this year!” No you’re not, you’ve only ever made $25,000/year in your whole life, what are you thinking? […]

Are you entitled to your dream at any cost?


I think most people have pretty humble wants: a nice home, a good career, a car or two. But occasionally I run across those people that have a dream. And they will do anything, absolutely ANYTHING to achieve their dream (including taking on massive amounts of debt). When I read this post, I was shocked by the mess this aspiring young physician had gotten himself into. With his debt load expected to approach $400,000 by graduation, I was horrified at the price of his dream. I know medicine is a high-earning career, but it’s not high-earning enough to pay off enough for that. A debt like that will cost over $1,000 per month in interest (even at a rate as low as 3%) and will take 25 years to pay off with minimum payments set over $2,700 per month. Just imagine for a second what it might be like to pay $2,700 every month […]