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2010

2011 Action Plan

12.31.2010

This week I went over my Exit Strategy, Financial Goals, and Progress Update. Last on the list is to figure out what to do in the next few years to make Retire By 40 a reality. Looking over the progress update, I think we should focus on growing rental income first. The real estate market is still weak and it may be possible to pick up an income property with positive cash flow. We’ll work on this in 2011 while continuing to max out 401k contributions. A bit of great news – Retire By 40 is #99,667 in Alexa Rank! [...]

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2010 Progress Update

12.29.2010

Previously on Retire By 40, I wrote about my Exit Strategy and Financial Goals and now I’ll conduct a little progress review. 1 Million dollars combined net worth (not counting principle residence) Grade: A-. We are doing pretty well this year due to the stock market recovery and additional contribution through out the year. additional 100k invested in yield-producing portfolio to help with expenses Grade: Incomplete. Not started yet. I’ll need to open this account in 2011 and move some investments over. additional 50k seed money for when opportunity comes knocking. Grade: Incomplete. Just started in 2010 and only have [...]

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Retire By 40: Exit Strategy and Financial Goals

12.27.2010

It’s the week between Christmas and New Year and the perfect time for me to recap my Exit Strategy and Financial Goals. Here is the recap of my early retirement strategy from the About blog page. up to age 40 – Work and build up net worth as much as we can and live a somewhat frugal lifestyle. See my How to Retire By 40 post to see what I’ve done so far. age 40 to 60s – Joe executes his exit strategy, explores self employment options and finds opportunities that generate some income. Michelle keeps working for now, she [...]

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Contest Winner, The Grinch Who Stole Christmas, and more

12.24.2010

Merry Christmas Everyone, Hope You Have A Safe and Fun Holiday!!! We have a winner to the Win $50 for Your Favorite Charity Contest. Congratulation Kris at Everyday Tips and Thought!!! My favorite charity is the Cystic Fibrosis Foundation. (http://www.cff.org/) A friend of mine has CF, and I have known several children who have died from it. It is an awful disease, and my friend is actually really benefiting from an experimental drug. I just keep hoping that with research, this disease will one day be eradicated. Thank you everyone who entered the contest! It was great to learn about [...]

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A Christmas Haggling Story

12.22.2010

Today is the last day to Win $50 For Your Favorite Charity so come on over and leave a comment, don’t be a Scrooge. Last week Aloysa posted The Golden Rules of Haggling at Beating Broke and coincidentally, I encountered a Christmas haggling story at about the same time. So gather round people and listen to this modern Christmas tale. *All names had been changed to protect the innocent. Jill’s story - Jill is sponsoring a family for Christmas and she would love to get the boy his wish, a Wii. He lost a his leg and the Wii would [...]

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