No. I’m not some kind of gazillionaire on WoW. But I did have lots of PoE on Puzzle Pirates at one time. Enough to buy a ship. But alas, my pirating life has fallen prey to the ravenous beast known as blogging. Yarr, matey, ’tis true. Blogging be a harsh mistress.
My financial fantasy life is a bit more mundane than pirating and stealing money from computer-generated ships. The only booty I’ve got is my own backside.
My 2008 goals are mere stepping stones to the things I really want to do. I try not to be too focused on the big picture so I can work on the small things, chip away at them and in the process, get the bigger things done effortlessly. It’s easy to get overwhelmed with the big things, especially when your targets have lots of zeroes behind them.
Another reason why these are fantasies instead of goals is that they don’t meet the S.M.A.R.T. goal metric. Click the link to read more about SMART goals. I don’t want to rehash them here.
1. I would like to have a net worth in the millions.
2. I would like my housing to be cheap or free.
3. I would like my credit cards to be paid off.
4. I would like to remodel my condo.
5. I would like to save 30-40% of my salary.
6. I would like an emergency fund of $15K in cash.
7. I would like pre-tax rates of return in the double digits to make up for taxes and inflation on my retirement accounts.
Doable. All very doable if I stay focused on the small things. For instance, the best way for me to increase my net worth in these sagging times of ours is to pay my credit cards down. All those liabilities eat into my assets, and even though my assets may be falling, they will rise again once more if I hold down my spending and reliance on credit.
If I save 30-40% of my salary and push some of that into my emergency fund, then having $15K stashed away somewhere is not a problem.
If I am wise in my investments and get double digit rates of investment, then I could easily have a net worth in the millions down the road. Asset allocation and portfolio rebalancing is the key thing to look at periodically to make sure I am on track.
But you know, there should be less thinking and more doing.
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Some of my short and long term financial goals:
1. Have an emergency fund in case my clothes disintegrate into rags
2. Increase my skills to improve future earnings on elite pillages
3. Upgrade my sloop to a xebec
4. Diversify my income streams into shops such that I’m not totally dependent on pillages
4. Be able to retire with sufficient funds such that I can personally fund a blockade to gain my own retirement island.
If you need some PoE or dubloons, I’d be happy to support the Mapgirl cause!
TJ-
LOL! I don’t play very much right now, but I <3 my crew. I run two IM stalls on Sakejima and Carmine on Cobalt.
There are days where I wish my RL life made as much PoE as my stalls.