I had an idea typed up for today, but left it at work today - bleech. So for something completely different .....
As I have saved money I always like to have milestones. You know, like "Today I completely paid off my credit cards", "Next month I should have 100K saved up", "By 2008 I will have my mortgage paid off". Those type of things (note that none of those are true for me, they are just examples). Anywho... I was talking with a co-worker today, and I mentioned how one milestone I passed last year was that I had more money in my savings, stocks, retirement, and bonds combined than I owed in liabilities (my only liability was my mortgage). To me it was like the point where you can say "even if the worst happens, I have money to pay my house and not get kicked out".
OK, I know that statement wasn't exactly true. If I were to pull out my retirement funds I would lose 10% plus taxes. And of course there are living expenses and taxes, and so on. But the point was it was sort of a liberating point where I felt more in control. Does anyone have this type of esoteric milestones they use (or have used)?
Financial milestones anyone?
March 22nd, 2006 at 02:36 am
March 22nd, 2006 at 04:35 am 1143002138
March 22nd, 2006 at 03:29 pm 1143041379
July 13th, 2006 at 02:26 pm 1152800762