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My 2010 Financial Goals

fleurs // livelovesimple.com

I took off from work last week, the week between Christmas and New Year. It was quite possibly the smartest thing I have ever done. It was an absolutely necessary break from the confines of my “routine” and job. I feel more as though I took a month off than just a week. I have done so much, seen so much, loved so much, and learned so much.

I spent genuine, quality time with friends, family, and my boyfriend. I spent my time between New York City and my hometown in Northern New Jersey.

I am at a place of extreme clarity. My mind is clear & fluid. My goals are crisp, clean, ready to be accomplished. I am focused, determined, & ready.

I am going to work very hard this year to bring myself closer to financial freedom. I am going to continue building my blog (and my businesses) at a faster rate than ever. I will continue to work 40-50 hours per week at my job, but I will also hustle and devote between 3 – 5 hours+ per week strictly producing content.

As of today I have two remaining debts:

$24,892.40 – Student Loans
$1,085.22 – Credit Card

(My car loan doesn’t count because I will be able to sell it [and ultimately make a profit] when the time* comes.)

Here is the plan:

By December 12, 2010* I will have cut my debt almost in half. My student loan debt will be cut down to just under $14,000 and my remaining credit cards will be cut up.

I will finally be in a position where I do not feel completely overwhelmed by my debts. I can not wait for that day!

How am I going to get there?

It isn’t going to be easy! But I can and I will do it. I plan to:

a. Put $1,000 a month into savings (ING Direct, earning 1.3% APY) = $11,143 (after 11 months, Jan thru Dec).
b. I already have $1,000 cash in a CD earning 2.0 % APY which will be available to me on December 12, 2010 = $1,020.
c. That will bring my total debt down to $13,814.62!

There are some doubts and questions that plague my mind. For example, “How am I going to put $1,000 per month into savings when I currently only put in $300 per month?” “What if an emergency strikes?” “What if I falter?” etc. etc. I find it pretty pointless to focus on these questions. There are a million what-ifs that we can ask ourselves everyday — “What if I walk out into the street tomorrow and get hit by a bus?”

The most important thing to me is this: I am working toward living the life of my dreams. I am empowering myself to live the life of my dreams. Through my blog and my businesses I am empowering other people to live the lives of their dreams. Those things alone make all of the effort 100% worth it.

In addition to all of the things mentioned above, I have also started to sell my jewelry (vintage & handmade) on Etsy. I am planning to start selling my other belongings on Craigslist & possibly Ebay in the near future. I hope that the extra money will help me reach my goals faster.

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I am so excited to be sharing my goals with you all. I hope that my goals can help you to set out to create your own. Yes, my plan is ambitious but if you shoot for the moon, even if you miss you’ll be among the stars.

If you would like to help me along my journey feel free to use the donation button on the right side of the page!

So, what are your financial goals for 2010? Is there anything that I can do to help you reach them? Let me know in the comments!

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    Letting Go of the Past: Forgiveness

    Last week, I finished listening to Eckhart Tolle’s The Power of Now. It had been on my “to-read” list for years, when by a stroke of fate a dear friend offered to lend me her audio copy. I plan to do a full review of the book in the coming weeks but for now I want to focus on one important element—forgiveness of the past.

    Recently I started thinking about the first twenty-five years of my life. In The Power of Now, we learn that to live in the future or the past is to suffer. The only way to exist in true harmony is to live in the now. After all, the past is not real, the future is not real. The past and the future only exist in our minds. The only thing that is truly and completely real, is the now.

    The challenge with this, however, is that until we can accept, understand, and move on from the conditioning of the past, we can not experience true freedom. And in order to truly accomplish this, we must experience true forgiveness of the past—forgiving others & ourselves completely.

    As I reflected upon these truths, I realized that I have been holding on to a tremendous amount of pain from my own personal history. There is so much past that continues to haunt me and impact me in the now. One of the greatest sources of pain revolves around my former lifestyle.

    I spent so much of my life caught up in a false sense of self. I spent incredible amounts of money on material possessions that I now perceive as worthless (clothes, jewelry, useless electronics, etc.) For some reason, I fell into the marketing. I bought it—all of it. (You can read more about my journey into financial prison and my subsequent journey out in previous posts.)

    But that’s not really the point, the point is that I ended up here. I can sit around and feel sorry for myself, angry that so much of my life was wasted, frustrated that I’ve only paid off a fraction (albeit a substantial fraction) of my debts so far; but if I did all of that where would it get me? It wouldn’t get me anywhere except maybe on a private jet to my own personal pity party. No thank you.

    Instead of wallowing, I am grateful. Grateful that I have come this far. Grateful that I’ have learned these lessons and changed the direction of my life by the age of 25 (soon-to-be 26). Grateful to be surrounded by a community of people that support me and believe in me. Grateful to have discovered my life’s true purpose and passion. Grateful to be doing what I love (even if only part of the time). Grateful to be safe, secure, healthy, strong, and beautiful.

    As I move through these emotions of gratitude for what I have now and what I am now, I find that the pain of my history slips away. I believe that I am finally on a path toward true forgiveness of the past. The reality is that it happened. I made mistakes, like all fallible human beings do. However, without making those mistakes, I may never have come to this place, to this now.

    The past grants us wisdom & grace. The memories that haunt us the most, are usually the memories that taught us the greatest lessons. Forgiveness will come from acceptance. So, the trick to true forgiveness is true acceptance. Once we can accept our past unconditionally, we can live fully in the now.

    I am making my way on this journey slowly. For most of my life, I focused almost entirely on the past—heart breaks, mistakes, errors in judgment, loss, failures, and so on—but that was a tragic mistake. What I now know is that the past is gone, the only thing that matters is now. And likewise, the future is a distant place that exists only in my mind. The only thing that matters is right now.

    Transforming the way that I think has been a challenging process, but I have come a tremendous distance already and I will keep on pushing forward, always.

    Now I ask you, reader, what pieces of your past are you holding on to? Are you willing to accept those pieces unconditionally so that you may truly forgive and live in harmony & light? Will you join me on this journey?

6 Comments

  1. Good Luck!!!

    Glad you are so focused on the goals you have established.

    Keep it up and don't ditch your time on your blog.

    David Damron
    LifeExcursion

  2. @David – Thank you so much, Dave. I am excited & I appreciate your encouragement, definitely no ditching the blog! 😉

  3. Dena,
    Good luck on your goals. I have to say that paying off college debt is a major undertaking and I'm on the same boat. We can do it!

  4. @Ken – Thanks so much! It is indeed a huge undertaking, but we will get there – one step at a time. 🙂

    @Laura – Thanks so much, glad you enjoyed. Stick around! I'm going to check out your blog now.

  5. Pingback: 5 Tips for Focusing & My Mini Meltdown : evolution you

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