About Me

Dido

GOALS for 2008

1. Continue to save 15% of earnings (ideally 20%). To do this, I will make special effort this year towards cutting food costs.

2. For 2008 only, put most of that towards short-term savings (CD ladder) to give myself sufficient liquidity during a career change.
Jan 1, 2008 cash balance: $8023
Mar 31, 2008 balance: $8200
June 30, 2008 balance: $8606

3. Do everything possible to make that career change happen! Planning to do an internship this summer and apply for jobs in the fall. Although I'm not a traditional college student, that's what the market is geared for, so I expect the career changeover to occur in June 2009. I am set with employment until then (phew!)

4. Continue paying extra on the mortgage. Goal is to cut my payoff date down to 22 years total (age 67) or ideally 20 (age 65).
Jan 1, 2008 balance: $89,300.
Mar 31, 2008 balance: $89,000
Jun 30, 2008 balance: $88,560

5. Continue investing for retirement--at least 1 million. Goal is to get there by no later than age 65, ideally age 60. Currently I'm on track to do so, as long as I can (1) earn an average of 8%/year on my retirement savings and (2) get some contributions towards my retirement from my employer.
balance 1/1/08: $127K
balance 6/30/08: $121K (market drop)

6. Nonfinancial goals: Lost at leat 15% of my weight (so far I lost weight during Jan & Feb and regained it during Mar & Apr), exercise daily, and maintain at least a semblance of a social life.

ABOUT ME

I grew up just outside of Beverly Hills in a family characterized by both a Depression-era fear of want and a tendency to solve many problems by throwing money at them. I still struggle with both tendencies myself. About 15 years ago, I had a "financial awakening when I read "Your Money or Your Life" and I've made significant progress since then, but I still find the journey a struggle on a daily basis.

Dido's Journey blog has a new name

December 30th, 2007 at 04:49 pm

In honor of the new year, I'm renaming my blog to Fiscal Fitness. This not only reflects that two of my main goals for the year are to improve my finances *and* my fitness, but it also reflects my intention to make some additional entries to another blog I maintain under the same name at blogspot (see links). While this is my personal blog, the other one reflects my professional interests.

Posted in Goals, $20 Challenge | 2 Comments »

2 Responses to “Dido's Journey blog has a new name”

flinnie Says:
December 30th, 2007 at 05:07 pm

I wish you the best on both.
For me I have gained more weight than I lost this past
year.Not sure how the finances will be if I take my
doctor advice and file for disability.
Broken Arrow Says:
December 30th, 2007 at 05:36 pm

Excellent name!

Fiscal Fitness

Aiming to save 15% of my earnings and to lose 15% of my weight in 2008!

Dido's Journey blog has a new name

2 Responses to “Dido's Journey blog has a new name”

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