On this last day of 2012, I am reflecting on the financial progress that my family has made over the year. We’ve saved aggressively and continued to remain debt free, except for the mortgages on our two rental properties. We’ve put about 20% of our income (not including allowances) into retirement accounts. It seems like a pretty good year.
On the downside, I didn’t meet my savings goal, and I haven’t built up any streams of income other than our rental properties and our paychecks. I had grand plans to build a blog, to buy investments, to do something creative to make the income come from another source. They say diversification is important, so why not diversify your income. Also, the value of our rental houses has gone down…darn real estate.
Looking ahead to 2013, I need to make some goals. Conveniently, I recently received a link to Why You Should Make A New Year’s Resolution. This article talks about SMART goals, like we discussed around this time last year. I am going to spend today and tomorrow thinking about my goals, and I’ll let you know tomorrow. I’m hoping that you’ll join me, and post your plans tomorrow. It is kind of fun to think that we’re all in this together.