July 30, 2009, 5:00 am

Looking at My Financial Goals for 2009

by: The Financial Blogger    Category: Personal Finance
email this postEmail This Post Print This PostPrint This Post Post a CommentPost a Comment

checklistAt the end of December 2008, I decided to write a post about my financial goals for 2009. Because I am a person with many goals in life and I am always starting new projects, I don’t want to set goals and then forget about them. (Although it is so much easier to quit half way and start something else!) There is one trick I found in order to achieve my goals: I follow up on my progress regularly to know hom I am doing. Then I determine what needs to be done next in order to achieve my goals. As time goes by, I am often reminded of my objectives while looking towards the next steps to achieve my financial goals.



When I wrote my post back in 2008, I tried another trick: make a commitment in public. I just didn’t write it down and post it on my fridge at home; I wrote my goals down and made them available to the world through a post. While the “world” won’t read it, I still made a big commitment to all my readers (which now includes a few family members and good friends too!).

While having goals is one thing, making a public commitment is another. Following up on them and actually assessing where you are at is the most important part of the process. Technically, I should have looked at my financials goals in June, 6 months after making my commitment. Life being what it is, I just didn’t have much time back then 😉 So let’s see where I am at:

Make the top 10 financial planners in Montreal

Unfortunately, I don’t have updated numbers for the whole island yet. They usually come at the end of summer as our financial year finishes on October 31st. However, I do have the results for the 32 financial planners doing business downtown Montreal. Out of 32, I am top 4 in all categories (Net growth for investments and credit, references to other departments and insurance as well). Back in May, I was part of the top 10 in terms of percentage of my objective. I believe I am in line to make the top 10 financial planners in Montreal on October 31st. The funny part is that I did one simple thing to make it happen: take the time to give proper financial advice to my clients. This is the most basic but often forgotten principle of personal finance for an advisor: work in the best interest of your client.

Double income from my web company

This was another important part of my financial goals: allowing my wife to stay at home. Doubling income seems like quite an achievement, but I must say that it is easier as a small start-up. We are multiplying our effort and websites in order to make it happen and I am proud to announce that we already achieved our goal at this time. However, we are still re-investing most of our profit so it still doesn’t show in my personal finances. The time will come for that…

Finish my MBA with honours

This MBA became quite a pain in the last 6 months. I have the feeling that the University now owes me a part of my life! While I literally burnt 2 years of my life doing this MBA, I would still rather finish it with a mention! While my motivation to achieve this goal dropped faster than the stock market in October 2008, I am still awaiting 3 course marks before knowing the final result. I may end with only A’s on my final report card. I am quite confident on 2 out of 3 classes. We still have to wait for the final result on this one!!!

Get my wife to (finally) stay home

That just happened 2 months ago! While I never ended up achieving my $1,500 project, we still took the decision that she stay at home. While I can’t technically afford it yet, it creates additional motivation for me to succeed in my both my financial planner job and my online company. I love creating urge, it is the best fuel you can ever get into an engine to make it work. Critical situations boost my creativity level and I become smarter all of a sudden 😉

So I am glad to see that I am in line to achieve all my financial goals for 2009. While I cannot start working on my 2010 goals yet, I will be able to enjoy my vacation in August without too much worry 😉

image source: sewpixie

Similar Posts:

You Want More? Sign-up! ->
TFB VIP Newsletter


If you liked this articles, you might want to sign for my FULL RSS FEEDS. If you prefer to receive the posts in your email, subscribe CLICK HERE


Comments

Wow, good luck on all your goals.

[…] Financial Goals for 2009 […]

I wish i can make a steady income like you to get my future wife to stay at home. All the best to your financial goal.

I’m a little confused- you’re one of the top 10 financial planners in all of Montreal and you can’t afford your wife not working? Montreal must be a crazy expensive city to live in.

by: The Financial Blogger | August 2nd, 2009 (8:49 pm)

Being the top 10 within my bank (not within all banks in Montreal) for the last 6 months doesn’t make me a superstar yet ;-)… I have started the job of financial planner in March 2008.

However, my wife did stop working a few months ago 😀