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2012 Goals and Resolutions

little baby santa

Little Santa says Merry Christmas! Ho ho ho!!!

Baby RB40’s Goals for 2012

– walk
– talk
– quit drinking (formula)
– stop hitting himself on the head

Wow, those are some tough goals. Can you imagine having to learn to walk and talk? That has got to be tough, but a kid’s mind and body are so malleable. It would be awesome to be able to learn so many new things every day.

On to my 2012 goals.


I don’t have a big financial goal for 2012 like last year’s goal of acquiring a 4-plex. This year will be all about cash flow. You can see my previous post on how I did with the 2011 New Year’s resolutions.

  1. Rental Income: average $700/month in 2012.
  2. Side Income: average $1,000/month in Q4 2012.
  3. Dividend & Interest Income: average $500/month in Q4 2012.
  4. Monthly Positive Cash Flow: $500/month in 2012 with one paycheck.

I want to set these goals for Q4 2012 so I can average over 3 months. This will give me 9 months to work on them before they really count. For example, the dividend income averages only about $250/month right now. By the end of September 2012, I’d like the portfolio to be set up to average $500/month in Q4. The Rental Income needs to be averaged out over the whole year though because the expenses vary considerably throughout the year.


Make 30k online in 2012. I joined the 30k challenge, and will try my best to reach this goal. I think this will be quite difficult though so it is a stretch goal for me.


  1. Change Job. I failed to achieve this goal in 2011, but will try again this year.
  2. Stay healthy by eating well and keeping active. The gym at work closed down for remodeling, but it should be open again after New Year. I plan to go 4-5 times per week. If the job situation changes, then I’ll need to figure out how to work out at home and set a regular schedule that I can follow.
  3. Join Toastmasters. I want to communicate better in group settings and develop new contacts. I have been meaning to join for a while now, but haven’t had the time. I think 2012 will be a bit better.
  4. Pursue other side ventures. See if I can start other side ventures (not blog related) with old and new friends.


  1. Retire By 40: Continue writing 3 times per week and network with fellow Personal Finance bloggers. I think these two activities are the main contributors to our success here (and mine, too). I also plan to spruce up the site with a new theme and possibly reduce advertising a bit. Please let me know if you have any suggestions for Retire By 40. Thanks!
  2. Develop a few more sites. I don’t know where I will find the time, but it is becoming clear that having one site is too limiting. You will be the first to know when I have some content up and running. πŸ˜‰
  3. Attend at least one blog conference and meet other bloggers in person. I definitely need to reach out more and meet some people in real time.

All right, what do you think? These may look like a lot of goals, but many of them are already ongoing so I think I have a good shot. What about you? Have you made your 2012 New Year’s Goals and Resolutions?

Have a great Holidays everyone!

The following two tabs change content below.
Joe started Retire by 40 in 2010 to figure out how to retire early. He spent 16 years working in computer design and enjoyed the technical work immensely. However, he hated the corporate BS. He left his engineering career behind to become a stay-at-home dad/blogger at 38. At Retire by 40, Joe focuses on financial independence, early retirement, investing, saving, and passive income.

For 2018, Joe plans to diversify his passive income by investing in US heartland real estate through RealtyShares. He has 3 rental units in Portland and he believes the local market is getting overpriced.

Joe highly recommends Personal Capital for DIY investors. He logs on to Personal Capital almost daily to check his cash flow and net worth. They have many useful tools that will help every investor analyze their portfolio and plan for retirement.
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{ 57 comments… add one }
  • cashflowmantra December 23, 2011, 4:30 am

    Great goals for 2012, especially focusing on cash flow. Good luck with achieving them. I am sure you will do fine. Feel free to contact me with blog project ideas. I may be interested in another.

    • retirebyforty December 23, 2011, 10:36 am

      I think my new motto will be – cash flow is king! I’ll PM you shortly, but I think you already have a bunch of projects going right?

  • 101 Centavos December 23, 2011, 6:21 am

    Those are some stout goals for Baby RB40. Taking care of that drinking problem should be top of the agenda πŸ™‚

    • retirebyforty December 23, 2011, 10:36 am

      Heh heh, thanks for appreciating that. :p

    • Jon -- Free Money Wisdom December 23, 2011, 5:41 pm

      Hahah! I laughed. I was like, wait…the kid already has a drinking problem!? Maybe signing up for AA should be top priority. πŸ˜‰ I don’t do resolutions, but yours look stellar! Merry Christmas!

      • retirebyforty December 24, 2011, 7:27 am

        I used to not do resolutions either, but it worked out pretty well in 2011 so I’ll keep at it.

  • Roshawn @ Watson Inc December 23, 2011, 8:46 am

    Very cool. I have been thinking about joining Toastmaster’s too. I did enjoy the two meetings that I attended but haven’t joined a local chapter (I recently moved). Nice goals for 2012.

    • retirebyforty December 23, 2011, 10:39 am

      Yes, check out the local chapter and see if you can find one that you like. Mrs. RB40 benefited greatly from joining so I’ll try it out. She loves those type of organization though so it is a natural fit for her. I tend to go for less structures.

  • Miss T @ Prairie Eco-Thrifter December 23, 2011, 9:01 am

    Great goals. I am rooting for baby RB40! I think he can do it.

    Good list for you too. I like how you have made health a priority. It really is important to invest in. It will save you so much money later on health costs and provide more opportunities.

    • retirebyforty December 23, 2011, 10:39 am

      Thanks! πŸ™‚
      Health is the #1 thing everyone should watch out for. It’s easy to ignore when we’re young, but we’ll pay for it later.

  • Invest It Wisely December 23, 2011, 9:34 am

    These are some great goals for 2012 for you and the baby, too! I didn’t join the 30k cause I’d rather not publicize all of that info, but I am still in the challenge in spirit and will be rooting for you, too.

    • retirebyforty December 23, 2011, 10:40 am

      I’m already disclosing the income to keep track of my cash flow goal so it’s not a big deal for me. We’ll see how it goes and I can always change my mind. πŸ˜‰

  • Niki December 23, 2011, 9:34 am

    you and Baby RB4o are going to have a great year.

    I am looking forward to your dividend and interest boosting, I hope you elaborate more on that throughout the year.

    • retirebyforty December 23, 2011, 10:41 am

      Thanks! The dividend boosting is basically transferring investment from growth to dividend. All new money will also go into dividend investment. I’ll also try covered call next year to boost the dividend.

  • krantcents December 23, 2011, 10:36 am

    Great goals! BTW, read and talk to Baby RB40 and he will speak in full sentences. Net rental income seems aggressive since you just replaced 3/4 of your tenants. Are you reducing expenses?

    • retirebyforty December 23, 2011, 10:43 am

      Thanks! I had the rental income at $500/month, but I think that’s too easy so I increased it a bit.
      We’ll see how it works out. Repair and maintenance should be much less in 2012 and rent should also increase. The local rate has been going up recently.

  • Aloysa December 23, 2011, 11:41 am

    Baby RB40 is sooooo cute. Great picture. Mrs RB40 did a great job taking it (I assume it was her.)
    Why do you want to reduce advertising on your blog? Just curious…
    Great goals. I am going to write about mine next week. But I can say now that I hope to attend a conference next year and meet all the great bloggers I’ve been talking to for a while now. Including you, my friend!
    Merry Xmas to you and your family!

    • retirebyforty December 23, 2011, 4:00 pm

      Thanks!!! It was Mrs’ RB40 who took the picture. πŸ˜‰
      I want to have less clutter for the readers. I’ll pm you more.
      Looking forward to see you at the next conference!

  • Judith December 23, 2011, 4:52 pm

    Why did you block out your face and plaster your baby’s face for all to see. And if you took the picture with a cell phone(I didn’t check) his location is now available to any tech savvy deviant.

    • retirebyforty December 24, 2011, 7:27 am

      Hmm… Do I detect a hint of disapproval? Baby changes so quickly and you won’t recognize him in 3 months. I don’t take picture with cell phone. πŸ™‚

  • Untemplater December 23, 2011, 8:24 pm

    Lil Santa is so cute! It’s amazing what kids can accomplish in one year. I think you set very well balanced goals for yourself in 2012. I need to get cracking on my own this weekend. Starting a new job sounds exciting. Hope something works out for you soon! -Sydney

    • retirebyforty December 24, 2011, 7:28 am

      Thanks!!! It is amazing what kids can do. It’s too bad that we don’t have that capacity anymore.

  • My Own Advisor December 24, 2011, 11:55 am

    Wow, some killer goals! Great stuff.

    Although I don’t have my 2012 goals defined (yet), I’d like to come close to averaging about $500/month in dividend income in 2012; made just over $5K this year so that goal might be in reach.

    I’ll be watching and reading more in 2012 for sure, one of my resolutions, to interact with other great sites πŸ™‚

    Happy Holidays and best wishes to you and family,

    • retirebyforty December 26, 2011, 1:43 pm

      Have fun with making your goals. $5k/year is excellent! We are at about half that and will work hard on it in 2012.
      Happy Holidays!!!

  • Lisa @ Cents To Save December 25, 2011, 5:48 am

    Merry Christmas1 Your little Santa is adorable. I like your goals! I joined the 30k challenge too! I think I will learn ALOT from participating in it. And if I make 30k, that is icing on the cake.

    • retirebyforty December 26, 2011, 1:41 pm

      Thanks!!! 30k seems like such a high bar, but who knows… Maybe 2012 will be the year we all take off. πŸ˜‰

  • Barb Friedberg December 25, 2011, 3:50 pm

    Hi Retire, I’m most interested in adorable baby’s goals. He is just way too cute and I miss babies, as mine is over 20!!! Enjoy every minute…. it goes fast.

    I’m sure you will hit yours, as you are doing great!!! Happy Holidays and thanks for being a great blogging buddy.

    • retirebyforty December 26, 2011, 1:41 pm

      He is already changing into a toddler. It’s amazing how fast it goes. πŸ˜‰ Happy Holidays!

  • Buck Inspire December 26, 2011, 1:33 am

    Cool pic of Baby Santa RB40! Those are some great and challenging goals. If you do make it to Toastmasters, would love to see posts on your experience. Hitting a blog conference is a must if you can swing it. Just meeting like minded, driven people really gives you a boost!

    • retirebyforty December 26, 2011, 1:40 pm

      I’ll definitely write about Toastmasters. I think it will be interesting. Hope to see you at the next FINCON. I’m sure you can make it especially if it is in SD. πŸ™‚

  • Financial Samurai December 26, 2011, 10:24 am

    Good luck for 2012 and good job getting a PR of 5! I’m going to endeavor to try and get FS up to your level in 2012. Perhaps if I double my pageviews to 250,000-300,000 a month in 2012 there will be some improvement.

    Hope to hear about some new job changes for you in the new year.



    • retirebyforty December 26, 2011, 1:39 pm

      I should add holding on to the PR5 as one of my goals. πŸ™‚ Google is so fickle. FS is awesome and now I know your pageviews number. haha. I will work on getting our pageviews up to 6 figures this year. FS is much more established and Retire By 40 and I don’t know how our PR is higher than your.

  • Little House December 26, 2011, 2:36 pm

    Well I know that Baby RB40 will meet his goals no problem. πŸ˜‰ I’ll be interested in hearing about your Toastmasters goal. I’ve heard of this group, but don’t know much about it. You’ll have to give us the scoop if you join. Happy holidays!

    • retirebyforty December 27, 2011, 8:50 am

      I’ll make sure to blog about Toastmasters. Happy Holidays!

  • Robert @ The College Investor December 26, 2011, 8:52 pm

    Those are some great goals, and I hope you keep us updated all year!

    • retirebyforty December 27, 2011, 8:50 am

      I’ll post update every quarter. Thanks!

  • Andy Hough December 27, 2011, 9:43 am

    Those are great goals. I look forward to seeing you make all of them next year.

  • Hunter - Financially Consumed December 27, 2011, 11:34 am

    I like the way you present your goals Joe. They’re in bite sized chunks that target many aspects of life. Dump the formula ASAP, that is expensive stuff. Look forward to seeing how your blogging projects develop. It’s going to be a great year.

    • retirebyforty December 29, 2011, 12:30 pm

      Thanks Hunter. We’ll go with regular milk soon. I think he has to be one year old to do that.

  • Suba December 27, 2011, 3:18 pm

    Those are some ambitious goals for the baby santa πŸ™‚

    My goals for 2012 are quite rigorous but even if I get half way to there, I will be happy. Good luck with your goals!

    • retirebyforty December 29, 2011, 12:29 pm

      Good luck on your goals!

  • SB @ One Cent At A Time December 28, 2011, 6:55 am

    Good luck with the goals. So which year would have the retirement goal, Joe?

    • retirebyforty December 29, 2011, 12:29 pm

      2014, but I don’t think I can last that long at my job. Quite a few people left this year now that the economy is getting better.

  • Squirrelers December 28, 2011, 9:35 am

    I like the addition of the baby goals:)

    Seems like you have some pretty good goals. Let us know how toastmasters goes. I never joined, though it was always something on a perpetual “to do” list.

  • Dwight Anthony December 28, 2011, 6:15 pm

    Great list. Short and to the point, hope to follow you more this year and releasing my own resolutions for 2012 shortly.

    Dwight Anthony
    Financially Elite Blog dot Com

  • Tim @ Faith and Finance January 5, 2012, 1:27 pm

    Those are some great goals! I still need to organize my big picture goals for 2012. I have a few in mind (improve on guitar, build more income streams, etc) but need to make measurable goals.

    • retirebyforty January 5, 2012, 2:04 pm

      Good luck! I need to improve on guitar and ukulele, but I’ll have to put it off for a few years. I’m way too busy right now…. πŸ™

  • Taline January 10, 2012, 3:45 pm

    Those are some great goals! Seeing that you also have a little one (my son is 13 months) it will be a challenge, but a well worth it challenge. Afterall, these achievements give parents the ability to become financially independent to “retire by 40” so that we can spend the valuable time with our children and not at work; slaving away for someone else and missing milestones in our children’s development.

    All the best to you in achieving your goals! πŸ™‚

    • retirebyforty January 11, 2012, 1:05 pm

      Thanks! Yes, our little guy is almost 11 months old.
      We are making good progress on the various income streams and just need to keep working at it.

  • Jen @ Master the Art of Saving January 16, 2012, 12:30 pm

    Those are great goals. Good luck on the 30k challenge, I’m sure you’ll do fabulous. I have like 20-something goals for 2012, but that’s counting financial, blogging and personal.

  • Financial Independence January 31, 2012, 5:06 am

    My 2012 goals are:

    – Accumulate at least $40,000 for investments during 2012, beginning 2013.
    – Create feasible plan 10 year and review the priorities.
    – Diversify the nest egg.
    – Think about additional source of income.

    – Regular monthly updates
    – To cover 6 themes
    I have no intentions to move towards an entertaining blog with 2-3 weekly posts. I will endeavor my best efforts to stay on personal subject of financial independence.

    – Create list of books to read & read them- 12 books in minimum.
    – Publish reviews.
    – Have solid understanding of mutual funds and energy sector stocks.

    Family Budget:
    – Stay under $75,000 with the family expenses
    – Accumulate $7,000 towards durable goods replacement over 10 years.

    Be happy.

    • retirebyforty February 14, 2012, 10:10 pm

      Great goals!

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