Jan

24

2007: Financial Resolution Review / Scorecard

January 24, 2008 | 3 Comments

Every year I have been posting Financial Resolutions. This keeps me honest with what I say I will do. I am a strong believer that you should share your goals and objectives with your friends: as they will hold you against them and will nag you until you finish them (your real friends anyways).

2007 Financial Resolution Scorecard
Resolution Score Narrative
Change Jobs or Go into Consulting
 Outstanding Did both. I did went into consulting two times. One into Australia for two months. Then tried working full time again Packetfront, Inc. for four months and decided that my life had been changed in Australia forever. I am independent again now doing contracts for big telecommunication companies.
Cash Only
 Partial Credit The world is moving cash-less and I was moving into paper. Carrying a pack of cash is not too practical, especially when you are trying to start a business and have all those business expenses. I have decided to keep 9 months of living expenses in the bank instead — and achieved it.
$10,000/yr of Dividend Income
 Outstanding $15,580 surpasses that goal. Maybe I overdid it.
6 month Emergency Fund
 Outstanding Reached 9 month.
Will, Living Will, Durable Power of Attorney, Health Proxy Done Quicken Will Maker helped a lot!

I believe in sharing the news of my success (or failure) with Financial Resolutions. It keeps me honest. It makes me work to accomplish my resolutions because I know I will have to answer to my readers at the end of the year. Other people with 2007 Financial Resolutions:

  • Have not found bloggers’ posts with 2007 Resolutions Accomplishments. If you have financial resolution scorecards in your website, send me a link. I would like to list them here.
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Comments

3 Comments so far

  1. 2006 Financial New Year Resolutions : Scorecard : Money And Investing on January 24, 2008 07:29

    [...] is next? Chances are the 2007 Financial Resolutions will include more dividends, more emergency funds, and some carryover from the “Will / Living [...]

  2. Allen Taylor on January 24, 2008 07:34

    I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you.

    Allen Taylor

  3. 2008 Financial Resolutions : Money And Investing on January 24, 2008 07:57

    [...] out how I did in 2007 and 2006. Send me a link if you have a blog posting with your resolutions for 2008 or your success [...]

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