Quick message to everyone
I’d like to apologize to our regular readers for the Retire By 40’s problem last week. Our host server was under a denial of service attack throughout the week and the site was down intermittently. We moved to a different server now and I really hope things will be stable for quite a while. Thanks for your patience.
New Year’s Resolutions
Wow, the year is half over already. We are in the midst of a heat wave (low 90’s) here in Portland. Our AC is still out of commission, but I think we can deal with the heat. We have a pool in our complex and we’ll be spending a lot of time there and we can always hide in the library if we really need to cool down.
I’m not looking forward to checking our progress at all because we just got back from vacation. Everything is in a bit of shambles and I’m way too relaxed to do anything about it. Oh well, might as well get started.
Our goal for 2013 is for him to make a friend. He is doing pretty well actually. He can recognize and remember a few kids from story time and that’s quite good.
We also went on vacation with our college friends who have a same age daughter and they played together pretty well. Little RB40 doesn’t really know how to behave around other kids and he pushed and kicked the little girl around a bit. Our friend taught us how to do a timeout and he’s getting more disciplinary actions now.
I’m also planning to send Little RB40 to preschool this coming school year. Man, he is such a handful now. All the parents I know with kids this age are trying to find a preschool. At 2 and a half, kids are constantly pushing boundaries and that’s tough to put up with all day long. We realized that we need some help from expert teachers to guide him. I’m looking for 3 half days so I’ll have a little time to write.
- Contribute $11,000 to Roth IRA – Done! I sold off some stocks last year and earmarked $11,000 for our Roth IRA.
- Increase Mrs. RB40’s 401(k) contribution to $17,500 – Done! This didn’t impact our cash flow much because she maxed out last year and only needed to increase $500.
- Contribute $10,000 to Baby RB40’s 529. Done! I made the contribution during last week’s market correction.
- Generate $18,000 of passive income. WIP, but this is not looking good. The rentals and peer to peer lending are not generating much income for us so far this year.
- Generate $18,000 online. We are doing very well here and should finish this goal before the Fall update.
- Stretch Goal – contribute $5,000 to a solo 401(k). I’ll try to open a solo 401(k) account with Vanguard soon. Hopefully, I’ll have an account by September and start contributing by then.
- Put together a will. Putting off until Q4.
- Buy life insurance – WIP. This is the next thing on my to-do list. I’ll try to get it done in July ASAP. Summer is busy though…
- Take a vacation. Woohoo! We went to visit Santa Barbara and the Bay Area. It was so much fun and I’m ready to take on the rest of this year.
- Avoid a midlife crisis! I’ll turn 40 this year and I really don’t want to have any kind of meltdown. Doing well here.
- Enjoy being a stay at home dad. In the last update I said – Wow, this one is hard with a 2 year old. This is still true, but I think once he goes to preschool, it will be much more enjoyable again.
- Come up with a sustainable exercise program and do it. The exercise program went out the window due to vacation and cooler weather. We still go for a long walk every day, but I’ll need to pick it up again. We plan on doing more swimming this summer.
- Go to a convention. World Domination Summit is coming up this weekend. This should be a lot of fun and I’ll let you know all about it.
- Join Toastmasters. Not looking good. I just don’t have any spare time.
- Go camping at the beach in the summer. Made a reservation at a campsite in 2 weeks. We have to go pick up some camp pads, but other than that I think we’re ready for a one night camping trip. J
- Go for a short hike in the Columbia George. Done! We drove out on the first nice day of the year and enjoyed some short hikes to see the waterfalls.
- Get a Zoo membership. I’m rethinking this one. I found out they have a $4 Second Tuesdays, so we might just take advantage of that instead.
- Go to 10 local festivals in 2013. Actually, this might be a bit too ambitious festivals. We have been to to Cinco de Mayo, the local flower festival, and Rose Festival (parade) so far.
- Picnic at an Oregon winery. We went picnicking in the Santa Ynez valley when we went wine tasting during our vacation. Oregon wineries are so much nicer (and cheaper) though and we still need to schedule something. Maybe in August.
- Go to 10 free musical/tourist destinations/theatrical performances. We’ve been to the Japanese Garden, Chinese Garden, Oregon History Museum, and the Children’s Museum. Not bad so far.
- Have a drink with blogger friends in Oregon and California. Done! I met up with bloggers and readers in Seattle, San Jose, and San Francisco so far. I’ll see a bunch of people at WDS next weekend too.
- Try a new beer – Done! I guess this was a freebie. I tried about 5 new beers already and I still have 9 months left.
- 2013 No Spend Challenge: Clothing. Doing well here so far. The only time I was tempted to buy something was when I saw the library’s “support the summer reading program” t shirt. I’ll support them next year. 🙂
My main goal for 2013 is to hit 100,000 page views per month at some point. This is very slow going. Our growth rate is much slower now in our 3rd year. At this rate, we might hit 100,000 page views around the end of the year.
Slow and Steady
The year is half over and we’re doing okay so far. The top priority for me in Q3 is to get life insurance, and then deal with the solo 401(k) and draft a will. Having a list of goals is actually quite useful. It gives me a chance to take stock of the last few months and refocus on short term goals. If I didn’t have a list, I probably would have forgotten many of these goals by now.
What about you? Did you make any New Year’s resolutions in 2013? How are you doing so far?
Passive income is the key to early retirement. This year, Joe is increasing his investment in real estate with CrowdStreet. He can invest in projects across the U.S. and diversify his real estate portfolio. There are many interesting projects available so sign up and check them out.
Joe also 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 DIY investors analyze their portfolio and plan for retirement.