NevBlog

Neville's Digital Surrogate Brain

Goals

Anti-Goals for 2007

by

For 2007 I’ve decided NOT to set any goals.

When I was reading the book Good to Great, some successful guy said that people around him would always say, “THIS is going to be the year that (insert goal)” and it would almost never happen. However when someone just shut up and handled their business, good things started following very quickly.

When I was trying to draft some New Years Resolutions, I wrote some down…but they just didn’t sit right…. So I decided I didn’t want any. I still have long-term directions, but for 2007 I shall be for the most part goal-less.

2006 Goal Setting, Other Stuff

by

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.

—————————————-

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.

—————————————-

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.”

—————————————-

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, https://www.neville1.com/. Having a website throughout the years has really helped me in many ways.

Meeting Goals

by

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:

4-31-2005 Goal Uncertainty

by

My 2-28-2005 goal of making $3,500 was made in order to meet my 4-30-2005 goal of making $11,000. Unless I come up with two grand in the next 6 days, it looks like I won’t meet it.

I’ve said it before, and I’ll say it again: I need more income! I realize I have school which keeps me extremely busy, but I need to form another steady stream of income that is very low maintenance like my current online business. It brings in between $500 and $1,000 per month with less than 20 minutes of maintenance per day.

Resumite.com is my other potential income stream, but takes a large time investment. Even with all the craziness of school I must still dedicate some more time to opening side businesses like in the past to meet my $11,000 goal!

Lots of money yet low maintenance…seems too perfect, but it’s possible. I need to keep thinking!

New Goals

by

My next short term goal is to:

Make $11,000 by April 31st, 2005.

This means I must make an average of:

  • $2,750 per month
  • $687 per week
  • $98 per day

This goal is more than double my last 4 month goal, so something about my income must change. I must either work more, make more money from my online business or create a new income stream. I plan to do all three.

Meeting Goals

by

One of my goals was to finish Resumite.com by Dec. 15th. It is mostly done, but I need to add content and upload the sample sites. I am a bit dissapointed that I did not do this earlier.

I don’t really expect to do any business with Resumite until I get back to school. This Dec. 15th goal was simply an arbitrary date I had picked. Next time I make a goal, it should be completed by a relevant date.

Am I Where I Want To Be?

by

Analyzing myself, am I where I want to be right now? And am I on the track to being where I want to be in five years? NO. I have accomplished a lot more things in my life than the average college student my age, but it is not even close to enough. I have high expectations for myself, and whenever I meet them…I raise them.

I’ve had in my mind a few things to start which I haven’t. I keep blaming school for interfering with my side projects, but that is no excuse.

I need to accomplish these few things within the next few months, definitely before I leave college:

–Videotape traffic patterns, contact traffic engineer researcher on campus and implement my traffic strategy on I-35 with a crew.

–Do research on starting my advertising company idea.

–Start Resumite Personal Sites and make it the largest of its kind on the internet. Fast turnaround, lots of services, upfront/cheap pricing.

–Trademark the name Resumite (even if it gets rejected, at least you now know how).

These few things are accomplishments I would like to have at least tried before I leave college. Even if they all fail they will bring in an untold amount of knowledge and experience. I also want to have the stigma of being a go-getter and someone who GETS THINGS DONE. Laziness and lack of ambition sicken me.

To Accomplish My Goals:

by

A million in liquid assets is an extremely lofty goal. Is it even possible? Of course. To make $1,000,000 in five years I will need to:

Save $200,000 per year

Save $16,666 per month

Save $3,846 per week

Save $549 per day

Keep in mind this is saving $X.XX per year and does not include expenses.

I mandatorily put away $400 per month for investing and permanent savings, and after I get paid (from any source) I put away 60% if not more. Since I started working, I have been putting away roughly $685 per month. My current savings per month needs to increase by 2,400% immediately to meet my goal by 27.

My Goals

by

Short Term Goals:

  • Ideal Goal: By December 31st, 2005, I should have at least 3 different sources of steady income (not including a job). All sources of income should together average about $7,500 of dependable income per month.
  • Minimum Requirement: By December 31st, 2005 I should have found a way to independently pay all my bills/expenses for myself and have money leftover for investing, savings, rainy day and spending. My liquidable balance should be slightly over $45,000 with an investment portfolio of at least $25,000.

Medium Term Goals:

  • Have at least 4 different sources of income, balanced in different industries to survive good and bad markets.
  • Accumulate somewhere near $1,000,000 in liquidable assets by age 27. This includes cash savings and stock.
  • Get mentioned in at least 5 of these sources by age 27: CNBC, New York Times, Business Week, Wall Street Journal, CNN, The Register, The Financial Times, Yahoo News, Google News, Bloomberg, BBC, Wired, Popular Science, Popular Mechanics.

Long Term Goals

  • Form Enwon into a conglomerate with at least 5 different subsidiary companies under the corporation. Companies will be balanced in different industries to survive good and bad markets. These would most likely include the liquor industry, asset management, 2 inventions in the consumer products area and real estate.
  • Follow plan outlined in my aspirations