The theme for November has been to focus on health and fitness. All of the financial goals have either been exceeded or are on autopilot to success through the end of the year. As I shared earlier in October, I placed a $1,000 bet with a co-worker, with the winner who loses the most weight winning. The bet was officially agreed on 10/7/16 and I had a starting weight of 228.4lbs (I will spare you with the before pictures…for now). Let’s just agree that I didn’t start at my leanest. That said, it will be fun to compare the before and after pictures when we make the final weigh in on 12/21/16.
Below is my current weight loss trend over the past 55 days:
So far I have been able to drop 13 lbs, with a current weight of 215.2 lbs. The goal is to drop at least 20 pounds over this 77 day challenge, but the longer term goal is to drop 43.4 lbs, in order to hit my goal of getting back to a very lean 185 lbs at 5′ 11″ (last time I was here was in September of 2012 and my body fat was at around 9%). As you can see from the chart above, I have kind of hit a wall, but I can’t be to mad with the progress, given the holidays I think I have done well to maintain the weight loss.
I need to try and drop at least another 7-10 lbs by the 21st of December.
This is the time of year where it’s easy to lose momentum on your goals, using the “busy” holiday season as the excuse. I encourage you to FINISH THE YEAR STRONG!
My Personal Accountability & Check-in
Below is where I stand with the 12 goals I set for 2016.
As we close in on the last month of the year, many of my financial are completed, and I have shifted my focus to my health & fitness goals in order to finish the year as strong as possible. It will be impossible to actually achieve those goals 100%, but I would like to at least aim for 70% or better.
I will admit that I am
probably guilty of setting too many goals this year. Next year I will keep it at 5 or less (next year will be a slower pace). I haven’t completely given up on anyone goal, but there are a few that I have moved to very low priority.
Let’s briefly take a look at each one:
Goal #1 [250
CrossFit/Hot Yoga Workouts or More, 69.2%] – I was able to complete 23 workouts in the month of November and will be aiming for the same in December. I will also consider hitting double workouts in order to achieve two things: (1) complete as much of this goal as possible, (2) try to drop as much weight as I can between now and the 21st.
Goal #2 [250 Days
Eating Primal of nutritional consciousness or More, 45.2%] – I continued to replace a few of my meals with a shake this month, which counts as points towards this goal. But even more important, I was back to eating mostly whole foods (no processed junk, and very little alcohol).
Goal #3 [Earn $270K in Gross Income or More, 100%] – We are currently on track to now bring in $339K as of our December Forecast. Mrs. GYFG has been earning an additional $5,000/month vs. the prior year, and then in October she got a 25% raise to her base.
Goal #4 [Publish 52 new Blog Posts or More, 100%] – This was officially completed in September. Based on my current publish rate, I should actually end up publishing 72 posts for the year.
Goal #5 [Pay Down Mortgage Principle by $25,000 or More, 100%] – As expected our recent refinance had us blow past our goal of $25,000. According to our accelerated plan we don’t need to make another additional payment until April of 2017 (due to our cash-in refinance) to stay on track for the 7 year and 3 month payoff of our mortgage. We are currently on hold with making new payments until then.
Goal #6 [Contribute $24,650 to Pre-Tax Accounts, 92%] – This one is pretty much on auto pilot. Not much to think about here. This will be at 100% by years end.
Goal #7 [Vacation 21 days or More with My Wife, Friends, and Family, 100%] – Although officially completed, we still have 2 months to go. We do have a trip planned to spend 5 days at Lake Mead for Thanksgiving. Then we don’t have anything on the calendar until the end of December when we go to St. Thomas in the US Virgin Islands for 9 days.
Goal #8 [Save 50% or More of After Tax Income, 100%] – This will be something that moves around each month. I just finished putting together my November 2016 financial report and that has us forecasted to hit 51%, but the reading for November itself is 40%.
Goal #9 [Write 12 Posts on Other Blogs, 25%] – Three guest posts have been submitted and published. Here they are if you would like to take a read:
These will be the only guest posts I write for 2016.
Goal #10 [250 Entries or More in Wife Gratitude Journal, 33.6%] – I need to start working on putting these together in some special format to give to my wife on Christmas day.
Goal #11 [Increase Net Worth by $112,000 to $430,000 by 12/31/16 or More, 100%] – I currently have us forecasted to actually increase net worth by $181,000 for the year, which would be an increase of 56% over our 2015 ending net worth.
Goal #12 [Earn $12,000 in the Blog, 33.3%] – This is a lifetime income goal. We have officially hit $4,700 (will get the next X in December). Check out the details I share in my 2 years of blogging post.
Goal 13 – Earn
VP Title C-Suite Position [Bonus Goal] – Now skipping VP and going straight to the C-Suite. The announcement got moved to November due to some internal sensitivities to the coming org changes, the financial benefits will not be effective until January of 2017. The title will be Chief Information Officer, it comes with equity, and a 40% bump in compensation.
That is where I’m at so far in 2016. I am very pleased with the progress I’ve made and am very much looking forward to updating everyone in another month. In the meantime, keep charging forward with your own goals. Don’t give in or surrender. Take it one day at a time. Measure your progress and I promise you will surprise yourself with what you can accomplish in month, quarter, and year.
Sometimes the progress we make doesn’t seem visible or worth the effort. But over time it really starts to add up and compound. Think about it this way…imagine you are trying to improve just 0.3% per day. That is not a visible amount of improvement, but it adds up to almost 1% improvement every 3 days, and by the end of the year you will have improved over 100%.
– Gen Y Finance Guy