At the beginning of this year, I posted This New Year, Don’t Make a Resolution, Make a Plan! Now as 2017 comes to a close it is time to look at how I did on my plan for the year. I always aim high so I at least end up in the general direction of where I am going. Like every year unexpected things happen and there are areas I did better in than others.
Also, New Year’s resolutions are still silly!
Start your goals whenever you want to.
Modify, don’t eliminate, whenever you feel the need.
Work for the life you want, but love the one your in!
here is the 2017 Goals/Plan recap:
Licensed Real Estate Agent. I passed all tests, paid all dues, chose my broker, and have been an active agent for a year now. I have been a buyers agent and a listing agent and overall I am pleased with my progress here. This year I need to amp it up a little bit though!
Real Estate/Finances. We made progress on everything, and are close to finishing the renovations, but still not done. I managed to get one financial thing sorted but not another. We just put up one of our rental properties for sale, which means when we sell we will need to shuffle around our money and hopefully buy a different property. All in all, we did good but are just going slower than I hoped for.
Italian Citizenship. We decided to delay getting our passports until February 2018 so my youngest child will be three at time of the appointment so he can get a five-year duration passport instead of three. However, I have all the paperwork and appointments ready to go for the passports and my husband’s citizenship so should be good to go!
Coaching/Blog/Website. I was a quickly burning bright fire on this one. I went super intense on the blogging and website in the beginning of the year and by May was a bit burned out as other things came to the forefront. If I had stretched out everything that I did for this across the year it would be a big green checkmark. Part of this goal was moderation throughout the year, and I flat out failed that part.
I did, however, grow this business substantially so it does not feel like a failure, also if you looked at that post from a year ago I’m sure you can see the growth! One of my main problems is I did not monetize my blog, currently, I have no way to make any money off of it. I loathe sponsored posts and ads being slipped into every possible crevice, so that makes it more difficult. What you do not see, behind the curtain, I have been working on a real estate e-course, that is close to being finished.
Wellness Goals. Again another long-term moderation goal that I did not do great on. I did really great half the year and then went to the exact opposite on the spectrum for the other half. I struggle with consistency and taking care of myself. Some accomplishments for the year in the area was doing several 3 day and one 6 day water fast.
Overall, I am happy with the progress of my plans in 2017; despite some things out of my control that slowed me down and which led to some big lessons learned.
Some main takeaways from 2017:
When choosing properties to buy and hold, remember to have contingency plans for future versions of yourself. While it may be perfect for you now, it may not be perfect for you in 5 or 10 years.
Do not rely too heavily on any one person of your real estate team.
Appraisals are very random and appraisers are not created equal, try to buy boring properties for ease of financing.
Remember to live for today not tomorrow!
So how is 2018 looking? Bring on the new action plan:
We have an overarching goal of getting my husband out of his 9-5 job by the end of July. Which at this point is possible but not probable, just due to the timeline of how long some of the tasks that we need to do beforehand will take.
This year also needs to have a bit of minimalism and discarding and selling of things if I am going to achieve of my goals of selling one of our properties, renting our current residence and eventually traveling with little to no material possessions. I am naturally a minimalist but it is amazing the amount of stuff you can accumulate with three properties!
Where we are going and what we are going to do is still in flux as we measure our choices with how this year goes.
One of my ‘hopefully’ big changes this year is trying to shift into being a morning person. I am a night owl, I get the most done then, I have a tough time getting up. However, occasionally it feels like the world is giving me a nudge towards something, and this happens to be it. I keep reading about productive morning routines. Today is my first day of this experiment and as it seems I am almost to the end of this blog post I would call that successful, so that seems like a good sign.
Here is the video that finally put me over the edge into trying to change my night owl ways. Granted, it was also after to reading several articles and podcasts about it, Tim Ferriss played a big part. Don’t mind the buxom lady clickbait.
The main reason I am starting to focus on this is to help with my consistency, as you can see from my 2017 achievements is something I struggle with. I feel setting my intentions for the day could boost my already pretty productive self into a better space.
How about you? Did you make your goals? Do you even have them? What are your keys to staying on task?
How are you doing? Are you happy with your trajectory in life? Are you worn out? Are you bored? Are you just going with the flow of life? Or are you on the opposite end? Stuck overthinking everything. Treading water. Unable to effect the positive change you would like to see in your life? Do you know what you want out of life? What do you actually need?
Wow! That was a lot of questions! However, these are things you actually need to ask yourself every once in a while. So you should really go through each one. Get a pen and paper, or even just pull up a notepad. If you are not doing it already, you should live purposefully.
A helpful way to go about it is to identify where you are now and where you want to be. This diagram can give you an idea of where you at with your financial values. What is the most important to you? Production? Security? Freedom?
Reliability/Security: Financial security is an overarching theme. They cannot afford to or do not to wish to take any risks on if they will have money coming in consistently. They would prefer to know when and where the money is coming from then earn more with a chance of famine.
Time/Freedom: The most difficult to fit into a circle, because they are literally all over the place. They will work but it generally has to be a thing they would choose to do regardless of pay. Or, they will work in short stints and quit to do other things. They work to live, not live to work.
Production/Motivation: These people like to see results, be it a fat check or their name on a prestigious paper. They tend to prefer situations where there is no cap on their growth.
So how many values are you actively working for right now? I tend to view it in a tier system, with only one value being worked towards being tier 1 right on up to tier 3. Are you ready to move up or are you happy with where you are at?
So What is FIRE?
F– Financial I-Independance R-Retire E-Early
It is where the Venn Diagram of financial values meet:
You want to have security and know you will have the financial where with all to survive if you lost your ability to work today. Not an ambiguous time in the future.
You want the freedom to do what you want today, While not giving up your future. Be it lounging on a beach or volunteering your time.
You value productivity and want to see results sooner rather than later. You are looking forward to doing your passion project because you surely have several.
Okay, so it is all well and good to want all those things. Some of you might say that seems kind of unrealistic, how would one even get there. It is possible! People are retiring early all the time, you could be one of them. You don’t have to wait for the government or an employer to give you basic income to live off of, you can create one yourself. And it does not have to take most of your life to create, the only limitation is you!