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Debt Sucks 2011 Year End Net Worth, Goals, Performance Omnibus
This took me 6 8 hours to put together.
It’s okay, I have tea!
Last year all this information was spread out over something like 4 posts. Since there are trees to be saved, I’m smashing it all together in one giant post! Herein we shall find the following:
- The money numbers
- The blog numbers
- The goal achievedness (yes it is)
- The goal settings
- The usual monthly goodness
The Money Numbers
- Debt service – $15,693.65 (vs $13,221.93 in 2010)
- Debt reduction - $14,732.27 (vs $12,311.65)
- Monthly debt service – $1,207.20 (vs $1,017.07)
- Spending money – $6,685.29 (vs $6,121.34), monthly average $557.1
- Total take home income – $25,950.95 (vs $21,295.79, a 21.86% increase!)
The Blog Numbers
- Subscribers – 215 (vs 160)
- Income – $3,230 (vs $1,350, up 139.3%)
- Expenses – $696 (vs $311.03, up 123.8%)
- Profit – $2,534 (vs $1,038.97, up 143.9%)
Those are purely non-search referrers. While I did get hit by Lifehacker a couple of times this year, they weren’t nearly as fruitful as in 2010. Ah well, I’m not complaining. Take those out and the traffic is probably up. The mad increase in profitability is all thanks to having someone else manage my advertising for me, but I’ve got a lot of work to do myself. It would’ve been a down year if it weren’t for that.
The Goal Achievedness
- Reduce debt 33% – The general idea here was that, with three and a half years left, I should shoot for a third to end up ahead of the game (when I was behind at the time). With my end of year payments, I bumped it up to 33.09%. Being barely over the line is no mistake, either, but it did come down to the last paycheck of the year.
- $3000 emergency fund - Bahahahahaha no. What I do have is a $666.52 emergency fund, as well as various other savings. Since I didn’t really expect to hit this goal, it doesn’t hurt too much. It had reached as high as $1,985 back in May, but apparently I decided it was better to spend that money at the time. Go team.
- Quit smoking – Smoke free since August 7th. There are so many smells I wish I didn’t smell.
- Run a 7 minute mile – I thought this was pretty conservative, since I did a 6:30 in high school without having a goal in mind. I broke 8 minutes in July and haven’t run since. As I definitely remember that cold-weather running sucks balls, I just couldn’t bring myself to attempt a last minute effort.
- Quit drinking (excessively) - Haven’t been keeping beer in the house for quite some time now. Got a 12 pack a month or so ago… that was uneventful. Money saved? Tons. All the more for hookers and blow.
- Junk out - While I did have one pretty successful weekend wherein I managed to fill a truck and a trailer, things have pretty much flatlined since then. I’ve been trying to keep an eye on incoming stuff, and trashing stuff as it annoys me (Regifting Robin is getting tossed pretty soon), there hasn’t been much renewed effort. Neither pass nor fail.
- Conversational Japanese - This was probably a bit unrealistic, but I did both slack quite a bit and had less than the full year to work on it. It’s not a failure, though, because I did make a heck of a lot of progress. I’ve got a pretty decent handle on the grammar, it’s just a lack of vocabulary that does me in now. Just last night, though, I watched Summer Wars for the first time in about 6 months. I’ve seen this movie at least 10 times, and it just blew me away at how much of it I suddenly understood. Still not enough to know what’s going on.
The Goal Settings
- Reduce debt 50% – With 2.33 years left to go before my debt free goal date of May 2014, it just kinda makes sense to go for a clean half. This is actually just a bit more than what I paid off in 2011, at a smidge under 15k. Sensing that a flatline goal might be a pussy move, I’m also looking at 60%, which is just under 18k.
- $3,000 emergency fund - I still think this is a good number for me, and should be easy as pie come May. After that it’ll just be a matter of not blowing it, or needing to use it. Not so pie.
- Run a 6:30 mile - When facing failure, fail harder. I should be able to do this, dammit.
- Junk out - Non-quantifiable goals suck. This is one of them. I’ll have to come up with something. A system, a schedule, something.
- $10,000 side hustle income – This is the big one. Going from $2,500 to 10k sounds unrealistic… to some. I see no reason why I shouldn’t be able to do it, though. Ideas, I’ve got them. Honestly, though, there’s no way I’m ever going to make it in this business if I can’t hit this goal. Again, this is the big one.
- Half hour daily Japanese – Since a language goal is terribly difficult to quantify, I figure it’s a hell of a lot easier to quantify the effort instead. This is going to be actual study time – watching a movie doesn’t count.
The Usual Monthly Goodness
From December 1 to January 1, my net worth increased an average of $64.86 per day, or $2,010.73 overall, to -$27,483.24. This is a 7.32% increase, and results in a projected zero net worth on 1/25/2014. Meanwhile, my magic number went down from $1,126.50 to $1,104.84.
Oh, and before I forget, one last look at the 2011 goal chart before I clear the slate!
Wait, what’s that? Right in the middle there… Capital One paid off… December 31st!? Yeeeaaaaahhhhh dog! Debt eliminated, $200 monthly payment eliminated, and with that, my minimum monthly debt payment is down to an amazing $215!!! Yes, this is going to be an excellent year.
Ijou? Iie, choudo hajimete!
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