2006 Goal Setting, Other Stuff

Almost 2006, so it’s time to start setting goals. I made a poster board with goals and a sort of calendar to make sure I work towards those goals every month. Goals rarely get accomplished unless they are constantly kept track of.

I’ve also bought a giant cork board to thumb-tack inspirational articles right in front of my desk. I’ll start putting up quotes, articles, pictures or anything that inspires me to work harder.

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I think a great financial move I’ve made is splitting my money into separate accounts. It really shows how much money I have for what purpose. I had too much cash sitting in my extremely low-yield permanent savings account (aka “No Risk” account), so I maxed my Roth IRA for the year by adding $2,000 to it, and threw $1,000 into an EmigrantDirect savings account.

I also recently opened up a 2nd Spending Account specifically for the holidays and larger purchases. I noticed every holiday season is much more expensive than other months, so I’ve been stashing a little money each week for a couple of months and built up around $800 for gifts and other holiday expenses.

It makes me feel good that I can buy gifts for family and friends without worrying about prices.

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The second scooter I bought has recently been fully registered and is now actually legal to drive. Almost immediately after I bought it, I got a ticket for driving with: No insurance, No inspection and No registration.

I’ve also got two parking tickets, each $50 a piece. In relation, it takes me $3 to fill an entire tank of gas.

I’ve also been yelled at several times for cutting through standing traffic. One cop said I was a “Traffic Unit” like everyone else and couldn’t go through just because I could. I disagree. I’m not sure what kind of ticket I can get for moving through a line of traffic, but I’m willing to find out.

Despite $700+ extra dollars of additional costs (Not counting helmet, gloves etc), I have been able to easily absorb these costs thanks to my “Bills Account.”

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Visit GoDaddy.com and see if yourname.com is available. If yes, buy it. I don’t know why, but it just seems a good idea. It costs $9 or less per year. NevilleMedhora.com redirects to my original webpage, http://www.neville1.com/. Having a website throughout the years has really helped me in many ways.

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    Blog posted on: December 20, 2005

    28 comments on “2006 Goal Setting, Other Stuff

    1. Hakim

      I have been wondering about that too. In europe scooters overtake stopped vehicle all the time. However, here in Montreal they do not do that ever. I believe the law is similar to what the cop told you. It kind of limit the fun of having a scooter.

      Reply
    2. Michael Patzer

      I got michaelpatzer.com through GoDaddy.com. It’s also nice to have a unique name, I’m afraid all the John Smith’s can’t do the yourname.com thing. It was really cheap too, I think I paid $168 to register it for 10 years AND get hosting for 2 years. In fact, they upgraded my bandwidth to 25GB/month and my storage to 5GB/month for free. Do you use GoDaddy for all your other domains?

      Reply
    3. Gualberto Diaz

      For someone so young and money smart, it strikes me odd that you put all your money in low yield investments. Why aren’t you putting your money in higher yield investments?

      Reply
    4. Anonymous

      The problem with registering a domain is you need to give godaddy your private info. I can do a whois lookup and bamm I have your home address, its not safe.

      Reply
    5. Bruce Allen

      You can do a private registration through Godaddy. It’s called Domains By Proxy, and is an additional $4.95 a month.

      Reply
    6. Andreas Climent

      I register my domains at namecheap.com
      Currently you get a free whoisguard subscription with every new domain, which you can then use to protect your private information from showing up on a whois search.

      Reply
    7. Anonymous

      $225 a year for insurance? Someone is getting taken advantage of. Or maybe scooters have an extra premium because they’re stolen so often. I hope you’re carrying that coverage — with 2 scooters there’s no way at least 1 won’t get vandalized or just taken (especially on a state college campus filled with drunks who think scotters are gay — which, well, they are).

      Reply
    8. Anonymous

      “I’m not sure what kind of ticket I can get for moving through a line of traffic, but I’m willing to find out.”

      That’s a great way to waste more money. It seems you still have a lot of growing up to do. You have a responsibility to obey the law, and as long as you don’t, I hope you continue to get tickets until your license is suspended and your vehicle rests in waste.

      How arrogant and disrespectful of you to say that you will ignore traffic laws designed not for your convenience but for the safety of your fellow citizens simply because you “disagree” with them. Grow up.

      PS: I’m not one of the usually antagonistic anonymous posters. I usually find your posts enjoyable, but you’ve fallen mightily in my eyes.

      Reply
    9. Anonymous

      Read through all of Nev’s post…one thing is consistent: the rules don’t apply to him.

      I find it humorous that he whines about pinching pennies, but has already blown $300 on tickets.

      What a shmuck.

      Reply
    10. Anonymous

      in CA it is perfectly legal to “split” lanes with slow/stopped traffic. As long as you aren’t speeding or going 10mph over the spped of traffic.

      It’s right there in the license manual.

      Reply
    11. anon

      in CA it is perfectly legal to “split” lanes with slow/stopped traffic. As long as you aren’t speeding or going 10mph over the spped of traffic.

      It’s right there in the license manual.

      Reply
    12. JoeBlow

      Humm, I never knew about these private domain registration things but what is preventing people from getting in contact with the private name provider to get your information. Especially namecheap as it doesn’t have any policy on its website.

      Nev keep up the good work I like your stuff.

      Reply
    13. Jonathan Hartman

      I can’t help but laugh at the boy-scout anonymous above. Hey, set down your gingerbread cookies long enough to understand that entrepreneurs are natural innovators, and by default, rule-breakers. Listen brother, if rules were kosher with us, we would’ve been next in line at the next corporate office. DON’T MOVE THE COFFEE BEANS FROM THE COFFEE ROOM, DAMNIT! But, what did we do? No, we ventured out to create our own rules. We live in a world where coffee beans outside the coffee room is acceptable phenomenon. SO, YOU’RE SAYING IT’S O.K. FOR NEV TO BREAK THE LAW?? Hell no, let him get caught like the rest. The point is, I argue that it’s Nev’s entrepreneurial instincts that influence his apparent “loosness” with rules, and consequently, the law.

      Reply
    14. Anonymous

      Neville,
      I am curious, when you mention that you maintain separate accounts, are you referring to different checking accounts? Or do you maintain one or two sweep accounts, and separate the accounts out on your own via a spreadsheet or other method? Sorry if this sounds stupid, but I respect your insight and the service you are providing the public! You are one cool dude!!

      Reply
    15. Anonymous

      I would also like more info on namecheap, like the guys stated above whats preventing them from releasing your info.

      Reply
    16. Hakim

      You dont have to put real info in the registration fields of your domain names. Put a real name and a real email. The rest has no practical enforcement. Rules are meant to be broken! :-)

      Reply
    17. Michael Patzer

      I never thought DYN was a good pick for your portfolio because of the debt, but Moody’s raised its debt rating today, and I’m watching Jim Cramer sing its praises right now. I know it’s sort of unrelated, but I couldn’t find a post about your portfolio. Did you do all your own research when you picked your stocks, or do you listen analysts/experts/tips?

      Reply
    18. Neville

      Michael,
      I usually use GoDaddy for registering a domain, but I have a dedicated server for hosting all my domains.

      Gualberto,
      Much of my money is in stocks, however I’ve known many people to lose massive amounts of their networth in stock. Supposing the worst happens, I will always have cash in my low yield investments. I like risk, but I think it’s also neccessary to be somewhat conservative.

      Jonathan Hartman,
      Right on.

      Anonymous,
      When I say splitting my accounts, I literally mean I have a different account. I generally keep over $500 in each account in order to avoid monthly fees.

      Michael Patzer,
      I’ve been holding DYN for a long time now. Yes, they are heavily in debt after the whole Enron thing, but they have been trying to turn that around, with relative success.
      I usually do all my own research, as I’ve never had much success taking reccommendations from other people….especially from stock gurus.

      Reply
    19. Jonathan

      Nev, I just checked and the cop is right (go figure) – Lane Splitting, as it is called, is currently illegal in Texas.

      However, it is being considered for legalization by the Texas legislature, as it is legal in many other states. You should hob-nob with some state officials like you do with businessmen, and get that fixed =)

      Reply
    20. Anonymous

      Eh, you can lose a lot of money starting a business, real estate, etc. Managing the risk in whatever investment is key, and of course anything can happen.

      Reply
    21. Anonymous

      To the individual who called me a “girl scout” above:

      Spare me. Breaking traffic laws because one doesn’t have the patience to obey them has nothing to do with being an entrepreneur. It has to do with being an immature, impatient brat who doesn’t have the sense to not risk throwing away money to pay traffic violations.

      A mature, responsible adult — especially one with any business sense — leaves enough time between commitments to reach his or her destintation safely and legally. Don’t conflate entrepreneurialism with disrespect for the law and the safety of one’s fellow citizens.

      Reply
    22. Anonymous

      “Listen brother, if rules were kosher with us, we would’ve been next in line at the next corporate office. DON’T MOVE THE COFFEE BEANS FROM THE COFFEE ROOM, DAMNIT! But, what did we do? No, we ventured out to create our own rules. We live in a world where coffee beans outside the coffee room is acceptable phenomenon.”

      Your analogy is flawed. The entrepreneur doesn’t take the beans that don’t belong to him and move them somewhere he doesn’t have permission to.

      The entrepreneur grows his own beans, does what he wants with them, and outperforms the company with the restrictive rules.

      If your logic held up, corporate criminals who line their pockets by defrauding employees and shareholders are just “entrepreneurs” who are bending the rules to be personally successful.

      Reply
    23. Anonymous

      “I’m not sure what kind of ticket I can get for moving through a line of traffic, but I’m willing to find out.”

      As a motorcyclist, I can tell you with certainty that what you are doing is ‘lanesplitting’ and lanesplitting is illegal in all states except CA right now. The level of punishment will depend on the jurisdiction and the officer who observed you lanesplitting. Most will let you slide, at worst giving you a warning; others will write you up. Testing the waters is probably your best move. Ask other scooter riders also.

      Reply

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