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Updated about 10 years ago,

User Stats

227
Posts
133
Votes
Connor Dunham
  • Investor
  • Anchorage, AK
133
Votes |
227
Posts

2014 Goal Evaluation / 2015 goals

Connor Dunham
  • Investor
  • Anchorage, AK
Posted

Momentum = (Mass)(Velocity)

The mass of tasks I get done in any year is directly affected by how much velocity I have coming off of last year. I am hoping to add to this mass as we start this new year. Here's what I accomplished last year:

  • bought my first investment property / primary residence (duplex)
  • made progress on paying off my student loans
  • developed my outline for funding my next real estate purchase
  • replaced the boiler in my new property
  • learned how to plumb
  • worked full-time while completing 12 credits towards my masters degree in traffic engineering
  • Turned Real Estate investing into a reality and my own business

Some stuff I found I was lacking was at:

  • Pay off more student loan debt
  • My Land-lording skills
  • My Energy levels

My goals for this next year (relating to building wealth) are:

  • Finish my master's degree
  • Take my Professional Engineer License exam
  • Get my Real Estate License
  • Get my thesis published (arguable as relevant but decided to put it here)
  • Refinance last years purchase to take advantage of sales-price growth and eliminate PMI
  • Add more insulation and air sealing to duplex to finish energy efficiency grant program
  • Consolidate Student Loans
  • Reduce food expenses by $100 per month
  • Redo my standard lease agreement
  • Transition some hobbies to be more energy building and thus lengthen my productive day.
  • Do one Real Estate investment deal with $30,000 to $60,000 that has an ROI around 10%

Hoping to keep this momentum going for the entire year. Having quantifiable goals and tracking my goals as I go is important (at least that's what I've read). So, there's another goal to add to the (somewhat) ambitious list. 

Any other folks out there 25-35 with similar goals? Any criticism or feedback is also welcomed.

-Motivating quote for this year-

"you can't climb the ladder of success with your hands in your pockets" - Arnold Schwartzenegger

User Stats

6,201
Posts
4,343
Votes
Dawn Anastasi
Pro Member
  • Rental Property Investor
  • Milwaukee, WI
4,343
Votes |
6,201
Posts
Dawn Anastasi
Pro Member
  • Rental Property Investor
  • Milwaukee, WI
Replied

I put my goals into my profile so they are publicly visible.  Having visibility to these, and knowing that others can see your goals, and hold you accountable (or at least ask "how are you doing?") can work wonders.

User Stats

266
Posts
240
Votes
Jeremy T.
  • Investor
  • Pittsburgh, PA
240
Votes |
266
Posts
Jeremy T.
  • Investor
  • Pittsburgh, PA
Replied
Originally posted by @Dawn Anastasi:

I put my goals into my profile so they are publicly visible.  Having visibility to these, and knowing that others can see your goals, and hold you accountable (or at least ask "how are you doing?") can work wonders.

 ^^^ THIS

There is a tremendous change in perspective and motivation when one indulges others in their goals.  This projection of goals will provide an inherent sense of responsibility to push through the inevitable 'resistance' that will develop along the way.

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User Stats

227
Posts
133
Votes
Connor Dunham
  • Investor
  • Anchorage, AK
133
Votes |
227
Posts
Connor Dunham
  • Investor
  • Anchorage, AK
Replied

@Dawn Anastasi I didn't even think about that....Good Idea! (Jumping over to look at your profile now)

@Jeremy T. I agree 100% I've found talking about my goals around smart people generally helps make them better or more realistic as well as the keeping you accountable part.