Goals for 2010 (Final)

These are the finalized goals for 2010 – fresh out of the proverbial oven:

Money/Savings

• Save $60,000 in 2010. This includes stocks, mutual funds, 401k, cash, foreign currencies, real estate, checking, saving, etc… Clarification: This includes both increasing assets and decreasing liabilities because either way it ups the net worth. Note: This is also $10k greater than my goal in 2009 and I think I can accomplish it with the TDY overtime.
• Max out the retirement accounts: $5,000 for Roth IRA and $16,500 for 401(k). Note: Roth IRA will be the best thing invented since sliced bread once the tax hikes begin.
• Exchange $5,000 USD into one of the BRIC currencies. Note: BRIC should continue to appreciate against the dollar when inflation fully hits.
• Continue to save money from June 2009 – December 2010 and use it to put another 20% down on a real estate property before December 2011. Note: This pushes the previous deadline to buy the real estate property from June to December because I want to give myself some more leeway time in choosing the “right”, reasonable, and profitable property.

Work

• Perform a TDY in a place I have never gone before. Note: This will be completed by July 2010 because Kuwait is definitely a place I have never gone before. Very excited!!
• Apply for a higher promotion position after my work anniversary in September 2010 or apply for another TDY position after I complete my TDY in July 2010. Note: I should either minimize expenses/fight lifestyle inflation or work on the other side of the equation: increasing income.
• Join my company’s Guest Instructor Program. Note: I will do this as soon as the announcements to apply comes out for 2010.
• Transfer to my location of choice in the company. Note: I will put in my request to transfer in June 2010, a month before I am returning from Kuwait to California.

Personal

• Take and pass the Real Estate Agent exam. Note: I will bring various pdfs and start reading about this when I go on TDY. There is nothing else really to do there besides work work and more work, so I might as well bring some reading material. I want to take the test in October 2010 so I can use the license to buy the real estate property for Goal #2 and pocket part of the commission.
• [ETA on 1/5/2010] Construct a Prototype of a product idea I have. Note: I have had this product idea for the last year or so but never acted upon it. I think it is time that I try to create a prototype of the product. I will get a lot of help in the creation of it through services such as eLance. With the globalized marketforce that we have now, I can get an engineer in India create a draft of it and then send the schematics to China to build a prototype and ship to all the way to my California door. It’s amazing how a laptop can harness the entire division of an R&D enterprise.

Related posts:

• Goals for 2010 (1st Draft)
• Recent Actions
• Goals for 2009
• Goals for 2009 (Results)
• Definition of Financial Freedom