Comments on: Financial and Blog Goals for 2008 http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm Building Wealth through Saving and Investing Sat, 21 Nov 2009 03:00:37 -0500 http://wordpress.org/?v=abc hourly 1 By: 2008 Financial Goals Report Card | Million Dollar Journey http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm/comment-page-1#comment-66298 2008 Financial Goals Report Card | Million Dollar Journey Tue, 06 Jan 2009 11:30:35 +0000 http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm#comment-66298 [...] that it was achievable due to the net worth growth in 2007. In my original article declaring my financial goals for 2008, I mentioned that I was a little worried about the drop in household income due to my wife going on [...]

[...] that it was achievable due to the net worth growth in 2007. In my original article declaring my financial goals for 2008, I mentioned that I was a little worried about the drop in household income due to my wife going on [...]

]]> By: debt negotiation http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm/comment-page-1#comment-64755 debt negotiation Wed, 17 Dec 2008 23:51:00 +0000 http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm#comment-64755 A new baby (congratulations) and wife on maternity leave. I remember those days. It's a great time as the excitement that a child brings overshadows the struggles. But it can be a stressful time as well. Don't forget to get a date night in from time to time. Keep that marriage working. A new baby (congratulations) and wife on maternity leave. I remember those days. It’s a great time as the excitement that a child brings overshadows the struggles. But it can be a stressful time as well. Don’t forget to get a date night in from time to time. Keep that marriage working.

]]> By: brip blap » The Carnival of Financial Goals III http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm/comment-page-1#comment-24493 brip blap » The Carnival of Financial Goals III Mon, 04 Feb 2008 11:33:04 +0000 http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm#comment-24493 [...] presents Financial and Blog Goals for 2008 posted at Million Dollar Journey, setting his net worth, charity, saving and blog goals for [...]

[...] presents Financial and Blog Goals for 2008 posted at Million Dollar Journey, setting his net worth, charity, saving and blog goals for [...]

]]> By: Financial Jungle - » My One New Year’s Resolution For 2008 http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm/comment-page-1#comment-22010 Financial Jungle - » My One New Year’s Resolution For 2008 Tue, 08 Jan 2008 09:00:46 +0000 http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm#comment-22010 [...] Million Dollar Journey - Financial and blog goals for 2008 [...]

[...] Million Dollar Journey – Financial and blog goals for 2008 [...]

]]> By: Gates VP http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm/comment-page-1#comment-21993 Gates VP Tue, 08 Jan 2008 05:42:17 +0000 http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm#comment-21993 Hey man, perfect set of goals. Big, challenging and hovering on the edge of possibility. Just the type of goals that make life fun to live. Hey man, perfect set of goals. Big, challenging and hovering on the edge of possibility. Just the type of goals that make life fun to live.

]]> By: Blake http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm/comment-page-1#comment-21742 Blake Sun, 06 Jan 2008 06:21:46 +0000 http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm#comment-21742 Hey FB, I don't want to push you, but you got a big pile of cash, you could really do a whole hell of a lot with a very small percentage to generate some pretty high yields, like buying notes, lending money privately etc. I mean, you're basically $2k/mo shy of "financial freedom" and that's about nothing compared to what you have in the bank really. I think if you took a very small percentage of your net worth say 5% and started experimenting with some very speculative but generally very lucrative investments/notes/defaulted paper/whatever, you could get to the passive goal this year. Good Luck Guy, have a great new year. Hey FB, I don’t want to push you, but you got a big pile of cash, you could really do a whole hell of a lot with a very small percentage to generate some pretty high yields, like buying notes, lending money privately etc. I mean, you’re basically $2k/mo shy of “financial freedom” and that’s about nothing compared to what you have in the bank really.

I think if you took a very small percentage of your net worth say 5% and started experimenting with some very speculative but generally very lucrative investments/notes/defaulted paper/whatever, you could get to the passive goal this year. Good Luck Guy, have a great new year.

]]> By: Patrick http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm/comment-page-1#comment-21716 Patrick Sun, 06 Jan 2008 03:52:47 +0000 http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm#comment-21716 Great goals, FT! I'm especially impressed with your goal to double your charitable contributions even though you and your wife are expecting an increase in expenditures and a decrease in income (unless your alternative income fills the gap; but that isn't guaranteed). I wish you and you family the best of luck and prosperity in 2008! :) Great goals, FT! I’m especially impressed with your goal to double your charitable contributions even though you and your wife are expecting an increase in expenditures and a decrease in income (unless your alternative income fills the gap; but that isn’t guaranteed). I wish you and you family the best of luck and prosperity in 2008! :)

]]> By: HeMan http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm/comment-page-1#comment-21689 HeMan Sat, 05 Jan 2008 18:44:30 +0000 http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm#comment-21689 I'd have to echo the sentiments of others here. If you don't give to charity when you are of modest means you're less likely to give when you have a significant income or net worth. Good to see goals that think of the welfare of others. A good example for us all. HeMan I’d have to echo the sentiments of others here. If you don’t give to charity when you are of modest means you’re less likely to give when you have a significant income or net worth. Good to see goals that think of the welfare of others.

A good example for us all.

HeMan

]]> By: RickT http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm/comment-page-1#comment-21657 RickT Sat, 05 Jan 2008 06:44:07 +0000 http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm#comment-21657 MDJ: Great goals, especially the giving one. Do well and do good in 08. RickT MDJ:
Great goals, especially the giving one. Do well and do good in 08.

RickT

]]> By: FrugalTrader http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm/comment-page-1#comment-21590 FrugalTrader Fri, 04 Jan 2008 12:01:56 +0000 http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm#comment-21590 Hey FJ, I hope to achieve the increase in passive/alternative income through a combination of pouring my leveraged portfolio into dividend paying stocks, and online income. Most of the increase will be through online income. FT Hey FJ,

I hope to achieve the increase in passive/alternative income through a combination of pouring my leveraged portfolio into dividend paying stocks, and online income. Most of the increase will be through online income.

FT

]]> By: FinancialJungle http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm/comment-page-1#comment-21582 FinancialJungle Fri, 04 Jan 2008 08:29:39 +0000 http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm#comment-21582 Hi FT - congrat on your 2007 performance and best wishes for 2008. I'm curious on your goal #2. Will you offer the specifics on you action plan to double passive income in one year? Hi FT – congrat on your 2007 performance and best wishes for 2008.

I’m curious on your goal #2. Will you offer the specifics on you action plan to double passive income in one year?

]]> By: Daniel R http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm/comment-page-1#comment-21573 Daniel R Fri, 04 Jan 2008 02:37:43 +0000 http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm#comment-21573 Overall, very ambitious, but if your going to dream, might as well dream big! Best of luck. Overall, very ambitious, but if your going to dream, might as well dream big! Best of luck.

]]> By: Canadian Dollars http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm/comment-page-1#comment-21570 Canadian Dollars Fri, 04 Jan 2008 01:57:28 +0000 http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm#comment-21570 Hey FT, I like your goals for 2008. I'm very interested in hearing about your experiences with the Smith Manoeuvre as I've been researching and reading about the topic a lot. Best of luck! Canadian Dollars Hey FT,

I like your goals for 2008. I’m very interested in hearing about your experiences with the Smith Manoeuvre as I’ve been researching and reading about the topic a lot. Best of luck!

Canadian Dollars

]]> By: Rod Payne http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm/comment-page-1#comment-21548 Rod Payne Thu, 03 Jan 2008 20:37:50 +0000 http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm#comment-21548 No, I haven't. With the shortage of labourers out here and with the high costs of the ones you can get, I'd have to do most of the work myself. I'd much rather pick up a bunch of well-maintained condos here, given the tight rental market. Not sure if I read your comment right, but Vancouver is about 8-9 hours drive from me (Calgary is only 4 hours drive). No, I haven’t. With the shortage of labourers out here and with the high costs of the ones you can get, I’d have to do most of the work myself. I’d much rather pick up a bunch of well-maintained condos here, given the tight rental market.

Not sure if I read your comment right, but Vancouver is about 8-9 hours drive from me (Calgary is only 4 hours drive).

]]> By: FrugalTrader http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm/comment-page-1#comment-21546 FrugalTrader Thu, 03 Jan 2008 20:27:20 +0000 http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm#comment-21546 Rod, with your skills, have u looked into flipping property? A strategy like that could work in an huge real estate market like Vancouver. Rod, with your skills, have u looked into flipping property? A strategy like that could work in an huge real estate market like Vancouver.

]]> By: Frank Conradie http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm/comment-page-1#comment-21545 Frank Conradie Thu, 03 Jan 2008 20:12:25 +0000 http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm#comment-21545 Best of luck with your goals for 2008. We started our SM during 2007 and it's been great so far - if you can invest yourself it's easier than most people think. I invested in solid Canadian dividend growers, and was lucky enough to do a lot of buying on August 16 during the "mini-crash". Best of luck with your goals for 2008.

We started our SM during 2007 and it’s been great so far – if you can invest yourself it’s easier than most people think. I invested in solid Canadian dividend growers, and was lucky enough to do a lot of buying on August 16 during the “mini-crash”.

]]> By: Rod Payne http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm/comment-page-1#comment-21543 Rod Payne Thu, 03 Jan 2008 18:21:58 +0000 http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm#comment-21543 Best of luck in 2008! Coincidentally, we're also starting the Smith Maneouvre shortly. I've been in touch with the appraiser and my banker; just have a couple reno projects to clue up and away we go. I acquired his book and read it over Xmas (acquired = cashed AirMiles to get a Coles gift card). I read that, Four Hour Work Week and Real Estate Investing in Canada (thank you, influenza, for the free time!). As you can probably guess, my goals for the year revolve around the reading material there: 1) implement the Smith Maneouvre; 2) finish the renos on the house; 3) acquire $400,000 (cost) in real estate investment property by the end of the year; and 4) be able to work part-time after the next 5 years thanks to passive income streams. Best of luck in 2008!

Coincidentally, we’re also starting the Smith Maneouvre shortly. I’ve been in touch with the appraiser and my banker; just have a couple reno projects to clue up and away we go. I acquired his book and read it over Xmas (acquired = cashed AirMiles to get a Coles gift card). I read that, Four Hour Work Week and Real Estate Investing in Canada (thank you, influenza, for the free time!).

As you can probably guess, my goals for the year revolve around the reading material there:

1) implement the Smith Maneouvre;
2) finish the renos on the house;
3) acquire $400,000 (cost) in real estate investment property by the end of the year; and
4) be able to work part-time after the next 5 years thanks to passive income streams.

]]> By: SingleGuyMoney http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm/comment-page-1#comment-21534 SingleGuyMoney Thu, 03 Jan 2008 16:01:38 +0000 http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm#comment-21534 Those are some pretty big goals there. Good Luck on reaching all of them. Those are some pretty big goals there. Good Luck on reaching all of them.

]]> By: FrugalTrader http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm/comment-page-1#comment-21533 FrugalTrader Thu, 03 Jan 2008 15:08:01 +0000 http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm#comment-21533 Thanks FB. I'm hoping that "giving back" will grow as my finances grow. Thanks FB. I’m hoping that “giving back” will grow as my finances grow.

]]> By: The Financial Blogger http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm/comment-page-1#comment-21517 The Financial Blogger Thu, 03 Jan 2008 11:53:22 +0000 http://www.milliondollarjourney.com/financial-and-blog-goals-for-2008.htm#comment-21517 FT, I think it is a great idea to setup a charity donation goal. Most people don't think about giving back a portion of what they make. Congrats and good luck! FT,
I think it is a great idea to setup a charity donation goal. Most people don’t think about giving back a portion of what they make. Congrats and good luck!

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