From the category archives:

goals

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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