Former academic turned CPA/Financial Planner (CFP(r))
Invest wisely and for the long term. Invest in yourself and not just in the market. While sometimes you need to be frugal to save funds to invest, at other times, spending more money in the short term will yield more valuable long-term results. Think about major decisions, THEN make saving for them automatic. Creating good financial habits and systems is key to success. The goal is not to die with the most money, but to live a full, meaningful, and satisfying life!
Goals for 2022
Word of the year = Foundations and key areas of focus = health, wealth, and systems, habits, & routines.
1. Health: Losing at least 3" off my waist is the primary goal (this would be at least 20 pounds), and more would be better. To do this, I will try to fast at least 14-16 hours daily and try to eat a diet that is 80% whole or minimally processed foods. I want to figure out a way to get more sleep more consistently, more than 6 hours (7 ideal). I want to increase my daily step count average to 9,500, which would be 4 miles a day and add in 2 strength training sessions a week.
2. Wealth: Continue to save, and to pay down debt to 70k or less.
3. Systems, habits, and routines: Improve workflow to get tasks completed earlier. Refine Morning, Evening, work start-up and work shut-down routines. Establish weekly household chore routines that include clearing off the dining room table and other surfaces, and monthly routines that include up to two 3-hour decluttering sessions per month.
Home Improvement Projects for the next several years..not sure about order
2018: landscaping (some)
2019: decluttering (some); main roof coated (10-year warrenty)
2020: replaced front & rear porch roofs
2021: replaced water heater; washing machine, A/C, bed; plumbing upgrades; decluttering;
2022: replace dryer, oven, refrigerator and more decluttering
2023: external painting; door/window updates
2024: replace current car
2025: update kitchen & bath
2026-2030: consider selling & moving to a home more suitable for retirement. At some point have to tackle redoing the front steps, which as of 2021 is about a $6,000 job and which really should be coordinated with the neighbor since this is a twin. The neighbor is also planning to move in the same time frame so we should be able to coordinate.