Thursday, January 3, 2008

New Year's Resolution (Finally)

I have been racking my brain trying to come up with a good one (and one that I will stick to), and I finally have one, albeit 3 days late.

This year, I am going to try to save $5,000 and add it to my rainy day fund, which I have nothing in right now.

I think this is a tough but achievable goal. With tax refunds and year-end bonus coming soon, it can be reached, but it will involve a lot of will power to refrain from blowing the money on some crazy trip or rewarding myself.

Each month, along with my networth updates, I will update you all on this resolution.


Anonymous said...

Something to consider as the new year begins:

"Live like no-one else, so someday you can live like no-one else" - Dave Ramsey

It seems like you are trying to acheive a great but abnormal goal: wealth and financial security/independence. However you are living a very normal life, new high end car, credit card debt, gambling, lavish spending as you build your life.

Glad to hear your resolution in the last post. An emergency fund of 4-6 months living expenses is a good first baby step.

Check this guy out..

Finance Guy said...

Criticism well made.

I began an impulsive defensive counter-argument, but I realized that this is a very good point, and will require some more thought before I am ready to answer.

Until then, know that as I mentioned in this post, my transition period is over, and it is time to face the light of day.

Anonymous said...

I didn't mean any offense and am really impressed by your blogs goal. I am also 23 and am reading and learning about how to create and grow wealth. It was and will remain an evolving process and I hope to continue to learn more and share ideas. keep the posts comming, nice blog.

Finance Guy said...

I am a big supporter for free speech. Free advertising on the other, I am totally against. My blog comments are not for you to advertise things, and that's why I have deleted the last two comments.