Goals

Goal for 2012

January 9, 2012
Green

I know it’s already the second week of 2012, but it took me some time to reflect back on the past year to see what I’ve accomplished AND what I plan to do in the next year. Let’s begin with the accomplishments.  This past year, in no particular order, I achieved the following: Found my [...]

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Debt Update – Almost There!

July 28, 2011
Always fun to get app updates

My goal was to pay off my second mortgage by the end of this year, however, I missed out on 1.5 months worth of rental income from one of my spare bedrooms during the May/June time frame.  The missed income will cause a slight draw back to my repayment goal.   To make up for [...]

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Rough Patch

February 3, 2011
Jamaican Potholes Vol. 1

It’s February third.  Normally, I would have two roommates right now who would each be paying rent for the bedrooms they are living in.  However, this isn’t a perfect world and things don’t always work out. One of my roommates recently moving out, which now has reduced my collections by half.  Now, if I didn’t [...]

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Starting Out

January 6, 2011
Project 365: Day 362

The start of the New Year usually means people make resolutions.  These resolutions often range from personal achievements to financial goals.  However, most often than not, these resolutions fall apart by mid-year.  However, if one of your goals happens to be a financial goal related to paying back debt or building a savings by renting [...]

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The Light at the End of the Tunnel

November 21, 2010
Light at the end of the tunnel

Before I rented out my rooms to roommates and even before I started graduate school, my debt ranked in the following order from the highest amount to the lowest amount:

• First Mortgage ($142,000 @ 6.125%)
• Second Mortgage ($35,500 @ 8.375%)
• Undergraduate Student Loans ($18,200 @2.625%)

This past week, I just realized my

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What I Plan to do by 2012

Thumbnail image for What I Plan to do by 2012 November 2, 2010

As I stated before that the first step to renting out a room is having a goal in mind.   As you may or may not know, my goal when I first started this renting out rooms gig was to pay for graduate school.  But since I’ve graduated with my degree in 2009, I no longer [...]

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Choices for a Young Couple To Build Financial Stability

September 21, 2010
No Train

Living in your parents’ basement is not all that sexy, and usually reserved for adult children who are not financial capable of living on their own. However, I know a few couples with well-paying jobs that decided to live together in a parent’s basement or spare bedroom when they were engaged, or even after they [...]

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The First Step to Renting out a Room

September 9, 2010
Steps Front Porch House Starke Condemned

The obvious first step in renting out a room may be deciding which spare room to rent, or perhaps how much rent to charge.  These might be very good intentions initially, but, as odd as it may sound, the first step in renting out a room does not have anything to do with roommates or [...]

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