≡ Menu

Fall Update 2012 Goals and Resolutions


Fall Update 2012 New Year Resolutions

Can you believe we have less than 3 months left in 2012? It’s going to be Halloween, Thanksgiving, Christmas, then POOF! It’s New Year’s Eve. Are you still keeping track of your 2012 New Year resolutions or are they long forgotten? Is it even worth making the effort for the last push or should we concentrate on enjoying the holidays?

If you have been working on your goals and resolutions through the year, then you should refocus and continue until the end of the year. Now is the time to trim your ambition and finish off what you can.

Let’s start off with Baby Kid RB40?s goals for 2012.

2012 goals and resolution Fall update

Yes, he is always a blur when he’s awake. New sneakers, YAY!

Kid RB40‘s Goals for 2012

Walk. He is very mobile now. He can walk, run, jump, and wiggle Gangnam Style. It’s pretty crazy. 🙂

Talk. He was a slow starter, but his vocabulary is expanding very quickly now. He is learning a few words every week and it’s pretty awesome. This past week, he learned how to say ‘whale’ and ‘good job.’ What a guy!

Eating. He is getting a lot pickier lately, rejecting lasagna, applesauce, and other foods he used to eat without any issues, but I guess that’s normal. We’ll have to be patient with him, but it’s hard when he was eating so well a few months ago.

Overall, Kid RB40 blew through every goal I set for him. He is entering the terrible 2s and we’ll have to work on his behavior next year. He’s been throwing A LOT of tantrums lately…

On to my 2012 goals


  1. Rental Income: average $700/month. We have been averaging $785/month so far in 2012. While this is great, the exterior paint job is going to cost $5,000 and bring down the average quite a bit. We are not going to meet our rental income goal in 2012, but perhaps we can do it in 2013. Fail.
  2. Online Income: average $1,000/month in Q4 2012. So far we are averaging $1,003 in 2012. We are reinvesting the revenue so the net income is falling. I’m not sure if we’ll meet the goal, but I’ll keep pushing this one.  WIP.
  3. Dividend & Interest: average $500/month in Q4 2012. Done! The dividend portfolio should generate about $550/month. In Q3, we averaged $632/month. I think we’ll get just a bit over $500/month in Q4.
  4. Monthly positive cash flow: $500/month. So far in 2012, we average about $1,445/month and are ahead of the goal. At this point, I’ll call this one Done!
  5. P2P income: $100/month by the December 2012. I met my goal of increasing our investment in peer to peer lending to $10,000 earlier this summer. We made over $100 in August and September. The monthly result will go up and down due to defaults, but overall it’s looking good. Pretty much Done!

Personal Goals

  1. Change job. Done! I quit my engineering career and became a stay at home dad/blogger. I’m getting less sleep than ever, but life is so much better overall. Done!
  2. Stay healthy by eating well and keeping active. The transition to staying at home didn’t work out well for this goal. I’m not eating as healthy and I’m less active even with running after baby RB40. I need to come up with a better routine. I’ll call this one WIP for now, but it’s probably going to be a Fail...
  3. Join Toastmasters. I will probably have to wait until Kid RB40 goes off to school before I can do this. I gave up on this one too. Fail.
  4. Pursue other side ventures. I’m talking to my friends more, but nothing yet. This is a long term goal and it won’t be done this year. I’ll call this one Put off until 2013. WIP.

Blog/Online Goals

  1. Retire By 40. I’m still able to consistently post 3 times per week. I’ve been working after baby RB40 goes to bed and it’s rough. However, all that hard work is paying off and our traffic is increasing again now that summer is over. Overall, I’m pretty happy with our progress this year. Next year, I’ll set more concrete goals. Perhaps 100,000 pageviews/month by the end of 2013? WIP.
  2. Develop a few more sites. I started two more sites and hired writers to help out. I can’t write for more than one site. I’ll focus on the backend on those sites and we’ll see if the investment pans out. These new sites are just starting out and are a little rough around the edges. Check them out at Midlife Finance and Ready To Quit My Job! I’m calling this one Done!
  3. Attend one blogging conference. I attended the 2012 Financial Blogger Conference in Denver and had an awesome time. Now that I know what to expect, I should be more prepared next time. Done!

See, that wasn’t so bad. I accomplished 50% of my goals. I gave up on a few of them and will concentrate on the rest in the next 3 months. These quarterly checkups are awesome. They refocus my energy and help me plan for the short term. If you have any serious goals, I highly recommend keeping some kind of journal so you can keep track of them.

How are you doing with your 2012 New Year’s goals and resolutions? Did you lose those 10 lbs yet? 


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.
Get update via email:
Sign up to receive new articles via email
We hate spam just as much as you
{ 22 comments… add one }
  • JC @ PassiveIncomePursuit October 10, 2012, 4:31 am

    Congrats on the progress! This year has been great for me financially and for my blog but my personal goals are lacking a bit. I really like the quarterly updates because it lets you see what exactly you’ve done and to make you think about whether you should stop pursuing a goal in favor of another that is more important to you. Congrats again!

    • retirebyforty October 10, 2012, 4:55 pm

      Thanks! The only thing I think could improve a lot is eating healthy and exercise. Quitting work was a big routine change and I haven’t been able to work those things in while taking care of our kid.

  • Kurt @ Money Counselor October 10, 2012, 6:32 am

    Always fun to see photos and hear reports on Kid RB40s progress, thanks for that! Congrats on your new sites, and mostly congrats on choosing to focus on what you’ve accomplished this year, not what you didn’t quite get to!

    • retirebyforty October 10, 2012, 4:56 pm

      Thanks! I’ll refocus and try to finish off what I could. Next year will be better. 🙂

  • [email protected]&More October 10, 2012, 8:28 am

    I didn’t make any resolutions last year but just might do it this year. We shall see how I am feeling in December!

    Congrats on getting so much done and maintaining your financial success even with retiring!

  • Gen Y Finance Journey October 10, 2012, 10:12 am

    I did lose those 10 pounds! Plus 5 more!

    I think if you set 12 goals for yourself and accomplish them all, they probably weren’t ambitious enough goals. The point of goals is to stretch yourself, challenge yourself to achieve something really difficult. So I think it’s great that you accomplished half of them. In doing so, you sorted out which goals were most important to you, and also identified areas in which you might need some extra motivation.

    As an aside, I’m not a fan of Toastmasters. It can be useful to build confidence for someone who is terrified to get up in front of a room of people, but I don’t think it makes you a better speaker. I actually think it trains you to follow an overly simplistic formula that results in very contrived-sounding speeches. It also kind of feels like a cult.

    • retirebyforty October 10, 2012, 4:57 pm

      Wow, congratulation! I think Toastmasters is a bit of a cult too. Mrs. RB40 loves it so I though I’d give them a chance. I’m pretty nervous in front of people so I thin they could be a big help.

  • Mike October 10, 2012, 10:28 am

    Well…..At least you are willing to state where you need help. I am still in the process of being able to acknowledge those particular areas…..

  • Brick by Brick Investing October 10, 2012, 11:11 am

    I really like the information and format of this post. I actually need to sit down and make goals for myself and plan to use this as an example. Thank you very much. It looks like your hard work is paying off and I would also like to say thank you again for being so transparent and honest. Rarely do you find such a thing in this day and age.

    • retirebyforty October 10, 2012, 4:58 pm

      Thanks for your encouragement!

  • Kathleen @ Frugal Portland October 10, 2012, 11:36 am

    Great work thus far! HEY, wait — are you calling me fat?

    • retirebyforty October 10, 2012, 4:58 pm

      I think you’re in great shape. Don’t gain any weight though. 🙂

  • Sustainable Living Blog (Jeff) October 10, 2012, 1:29 pm

    Looks like you’re doing great on this front joe, 50% success rate isnt bad at all, and if you think about it, you succeeded at the goals that mattered most to you, like getting a new job! Congrats man!

  • krantcents October 10, 2012, 2:39 pm

    I think it is the first time in my life that I am having this much difficulty meeting my goals. I think I set some without fully understanding the goal and others I had to shelve or defer when I had my pinched nerve. The Page Rank issue slowed (stopped) me dead in my tracks. It is time to change direction!

    • retirebyforty October 10, 2012, 11:01 pm

      Sorry to hear that. It seems like blogging is a slow slog for 99.99% of us.

  • FI Fighter October 10, 2012, 6:11 pm

    My goals this year were to continue maxing out my retirement accounts and work towards building a 60k dividend paying portfolio by the end of the year. I’m currently around 50k, so I should be able to make it with 3 months left in the year. This is working out to about $100/month.

    Looks like you are doing very well with the side income! $550/month in dividends is very impressive. Not to mention adding in the rental, online, and p2p income. Now that’s what I call diversifying your income streams!

    And congrats to kid RB40 for blowing by his 2012 goals! Looks like he’s ready for something more challenging in 2013.


    • retirebyforty October 10, 2012, 11:05 pm

      Wow, great job so far for you as well. It’s going to be tough to set 2013 goals for the kid. He is growing so quickly. I think we probably should just set quarterly goals for him. 🙂

  • Thomas S. Moore October 11, 2012, 11:48 am

    Looking good there. Cant believe that the year has gone by so fast. You are getting less sleep but I bet you are a lot happier with life in general. I need up my investing in the p2p lending. I am using Prosper but i was just testing to see how it worked. I would love to be getting over 500-1000 per month in dividend/interest income. New goal for 2013!

  • Cherleen @ My Personal Finance Journey October 11, 2012, 5:13 pm

    Life is always a roller coaster ride. THere are goals that we can reach while there are those that we cannot despite the work, time, and energy that we put to it. Reality bites. At the very least, you have reached most of your goals for this year and it is only the starrt of Q4. Congratulations!

  • Dominique Brown October 12, 2012, 8:56 pm

    Congratulations on your progress, and on your new sites! I think that my financial goal for this year is on track. I regularly meet with my finance adviser (myself and my wife) to make sure that all my goals are being met. If we see some weak areas, then we adjust our finances to keep us on track. As with my personal goals, I stuck with my exercise program and I eat healthy throughout the year. My side jobs are also doing ok, so I can say that so far, this has been a good year for me

  • 101 Centavos October 14, 2012, 4:45 pm

    Baby RB40 rejecting lasagna? The boy needs a talking to! Lasagna is the perfect food, nectar of the gods.

    • retirebyforty October 15, 2012, 11:22 am

      Yeah, he’s nuts. He used to eat everything, but now he doesn’t even taste it if he doesn’t like the look of it. What a little dummy.

Leave a Comment