Erasing Our Debt

Got a call today to come fill out the paper work to start my second job. All I can say it's about dadgum time. Took me long enough
Thanks to my friend for helping me get the job

Labels: 2007 goals, job

Before I had written all of my goals for 2007, I was going over them in my head for about two weeks. One I had forgotten to put down in what was my post popular post was my goal to rollover my previous employer's 401(k). I am happy to say that I sent in my rollover form to them to request a check to send to my new 401(k) last Tuesday. I checked my online account for the old account and it shows that the funds have been withdrawn.
I didn't realize how much it had actually grown.
I didn't contribute to it very long but I personally contributed a little over $660. I received a match total of about $165. So that's about a total of $825 contributed within a year. My withdrawal was over $910. I'm not sure on the percentage of return, but that sounds pretty good to me.
A lot of people are scared to put money into their 401(k). This usually comes from them not knowing how it works or anything. I delayed my contributions by a year because of the same reason. I wish I hadn't.
At my current employer, I had an 8% return on my 401(k). That's pretty good. A guy in the office I just moved to had a 20% return. I've been listening to him about all the places we can put our money so hopefully I can increase my return.

Labels: 2007 goals, 401k

As you can see I have some work to do. In order for me to reach my goal of reducing credit card debt by $12k, I'm probably going to have to pay close to $14k. But I believe that is acheivable. I also want to increase my networth by $15k. That will mostly be done through credit card debt reduction, but also through my 401k plan. I previously held about 10 different funds in my 401k, but have reduced that down to 5. I also upped my contribution to 5% up from 3% and in July or August I will start receiving a company match. I believe it's a 3-1 match, but I'm not exactly sure. Also I found out that our company gives you stock at the end of June, so hopefully whatever the qualifications are, I'll qualify. That could easily be another $300-500 depending on how much they give out.

Labels: 2007 goals

I didn't really think long and hard about my goals. They are fairly simple but not so easily attainable without some hard work over the next year.

• Decrease credit card debt by $12k (Update on total at beginning of year as things have changed)
• Increase networth by $15k - By reducing the credit card debt by $12k, this should be attainable as I will start receiving a company match on my 401k in July
• Get a second job to help achieve both goals above - achieved 1/28/07
• Start back to school or continue to work second job
• Exercise 30 minutes every other day
• Lose 15 pounds and go down a pants size in the process
• Get married

These should be fairly attainable with some hard work with which I am ready to do.

Labels: 2007 goals

I've decided after reading some of Makingourway's 2007 goals, to make my own. But that will be later today. For now I have to get ready for an interview for a second job. I just really hope it's possible to work around my current job schedule. Of course if they can't then I guess I won't be taking this job should it be offered. But more of that later! Also got free Stars tickets for tonight, so I'll be going. Taking the train and avoiding the downtown Dallas traffic and $15-20 parking.

Labels: 2007 goals, entertainment, job