Meeting Goals

Look to your right. See that goal for 3-31-200 that states I should “Have made $6,500 since January 1st 2005″? Well, it’s far from complete.

According to this goal, I had 4 months to generate $6,500 and it doesn’t look like it will be fully met. Let’s predict I hit $3,000 by the 31st of this month. If I make only $3,000 every 4 months, I will be at an average of $12,000 per year. That’s only $2,430 over the federal poverty level!!!

What the hell. Even though I’m still in college, I need to make more money on the side. This is ridiculous.

The 3-31-2005 goal is to keep me on track for my $11,000 by 4-30-2005 goal, which is FAR from complete. As for meeting that goal in two days, I have some income coming in soon:

  • Approx. $250 check from work
  • At least $400 from Ebay sales ending in a few days.
  • Over $900 from my online business
  • $300 from web design project

So I have a minimum $1,850 of income within the next week. I will still have only accumulated $4,454 since the beginning of the year. To meet that $11,000 goal I really need to kick my own ass and starting making more money, even if it resorts to using my crazy business ideas.

So to sum up:

Blog posted on: March 29, 2005

7 comments on “Meeting Goals

  1. Cap

    dont beat yourself up over it. I think you’re doing fairly well compare to average college junior/seniors. at least you HAVE assets. But I do respect the goals you put for yourself though, and the fact that you discipline yourself when you’re not not meeting your goals. When I dont meet my goals, I sort of just pat on my own back and say “its okay you’ll get it eventually!” lol. I think creating assets is never too easy, but with more practice and more knowledge, it becomes something much more manageable. good luck for the coming month! I’m hoping I’ll be able to get some of my stuff off the ground at least.

    Reply
  2. jim

    Nev,
    Don’t you think you’re cheating by putting the sale of your monitors as income? C’mon now… :)

    jim

    Reply
  3. Neville

    Well I don’t have a massive amount of savings built up for living expenses (which I should), so a job will be highly likely.

    This is generally not a problem if you are working with an individual with an established company. A salary can be offered in exchange for working with them on new ventures.

    I’m not too worried about this right now. I’ll survive somehow!

    Reply
  4. Cap

    on the monitor… maybe because its not really income. since u probably paid (or paid around that price) for those monitors.. and u’re not really making any profit here. Just like tax refund ;) so I duno, call it a refund or something. heh.

    Reply
  5. Jack Miller

    Thirty-eight years ago, a friend of mine made a $5,000 one year bet (a lot of money in those days) that he could earn more than another guy. My friend worked three jobs to win the bet. One day on our lunch break we passed a 5 and dime (now known as dollar stores)where he made a quick stop to buy 12 pairs of underwear. When I had to ask, he started laughing. He did not have time to wash clothes and threw the underwear away after use. His bet was how much he made not how much he had left.

    Five years later I met a fellow who ate peanut butter and jelly for lunch and owed not a penny to anyone. He made good money on his day job and advised physicians on money management and investments after hours (his regular job was at Bowman Gray School of Medicine where he got his contacts). He was a multimillionaire at 30 years of age.

    A few years later, I met a fellow who had no idea what he wanted to do with his life. When he saw the paychecks my friends and I picked up as brokers, he worked three part-time jobs and went to college full-time. Within 7 years, he purchased $2 million of one company on borrowed money, made a few million quickly and retired.

    I watched one of the original group of brokers make more than a million three times, leveraged in the stock market. He lost it all three times. He raised three great sons and he and his wife played an organ at church each Sunday to assist with living expenses. He is an extremly bright person and now enjoys teaching math to high school students.

    It took me 30 years to own millions of property and for many years I struggled to pay millions in debt. The road to riches is tough. It is easier if you don’t try too hard. Among my real blessings are a loving wife of 33 years, two wonderful daughters, the best son-in-law and an extended church family. My goal is to spend the next 20 or 30 years helping others invest well in stocks, bonds and real estate.

    By the way, it takes about 5 years to double your money at a 15% return and it is the last doubling that counts. If you have $5 million it is easy to have $10 million in 5 years. The first $50,000 is tougher than the last $5 million.

    Reply

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