From the category archives:

goals

Are side projects worth it?

by debt kid on April 14, 2009

My blogger pal Pinyo of moolanomy recently launched a pretty cool news and blog aggregator called Greatnexus.
If there are any Star Trek fans in the house, you’ll remember from “Generations” that “the nexus” was pretty sweet. So you can only imagine what a great nexus would be, right?
Greatnexus got me thinking: are side projects worth [...]

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How much is my small business worth?

by debt kid on March 17, 2009

I remember in college, in a business finance class, we did calculations on how to value a business.
They made it seem so stinking easy in that darn class. Take the net present value of future cash flows at a certain discount rate and viola! A nice tidy business valuation.
The reality is that a business, especially [...]

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My Big Hairy Goal for 2009

by debt kid on January 7, 2009

My Big Hairy Goal for 2009…
Improve my net worth by 200K
Money Goals

Max out $12,000 in payback to Mother
Pay off IRS Debt ($30,000)
Pay off car ($10,500)
Settle old business debts (86,000)
Save $70,000 for house down payment (20% of 350,000)
Buyout old investors in my corp ($63,000)
Large emergency fund ($20,000)
Hire part-time employee to full-time ($55,000/yr)

Personal Goals

Get Private Pilot’s [...]

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7 Business lessons from the Legend of Zelda

by debt kid on April 8, 2008

Da-da, duh-da-da-duh…
Even though I haven’t played the original Zelda for at least 5 years, every once in a while a Zelda song pops into my head. Then yesterday, as I was walking out of my apartment, I realized my building layout was very similar to an underground dungeon. It got me thinking about all the [...]

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First Goal: Acheived. Next Stop…Costco?

by debt kid on March 20, 2008

My first goal of saving up $1000 has been achevied. Thanks to a bunch of LC referrals and savings, I’ve been able to sock away $900 in long-term investments and $500 in my emigrant direct account in the past few months. I plan on continuing to try and save/invest around $400 a month. (this is [...]

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When I’m rich, this is what I’ll splurge on…

by debt kid on February 14, 2008

If I ever get out the mess that I’m in I know exactly what I will splurge on.
Newspapers.
Yep, I love real, crisp, newspapers.
I’m a huge news junkie, and while reading online content is great…there is just something about having that physical paper in your hand. Plus, it’s great for starting fire’s as well.
I already know [...]

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Why I (still) Want To Be Rich Someday

by debt kid on October 30, 2007

A few years ago I wanted to be rich now. Now as in yesterday now. That led to some really destructive behaviors and the resulting 300K+ of debt I find myself in now.
But I still want to be rich.
Is this a bad thing? I don’t think so. I was talking with my friend who knows [...]

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The Tilt AT&T Phone – What Motivates Me

by debt kid on October 22, 2007

So, I’ve decided I need to motivate myself a little more. While one would think just getting out of debt would be enough motivation, it isn’t. It’s a big chunk of motivation, but lets face it, I need more. So, I’m going to profile some stuff I want, and the goals I have to hit [...]

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