2015 Goals in Review

I’m long overdue for a goal review. Back in February, I wrote down a bunch of goals. I haven’t checked in with them over the year as I planned. At this point, I’m pretty happy about that because so much of my success is from momentum. I didn’t have to remind myself of these goals. They’ve just become what I wanted and what I worked for. Well, except for the first one. I still need to work on the first one. Let’s get that one out of the way
Here are the goals I had for the year and how I did.

Life Goals

1. Lose 40 lbs. 

I made this priority number one for the year and unfortunately, life had other plans. I am happy to report that I’ve adopted a solid set of eating guidelines that are continually fine tuned, however I had two major physical set backs for the year.
Life is always busy and unfortunately, it seemed to get busiest when I was the healthiest leading to not as much gym time as I need. In June, I blew out both my knees, one worse than the other. I limped around for 2 months followed by 1 month easing back into things. I had no stability, and quite frankly, I was scared so I didn’t push myself when I could have. Most of this is behind me, though I officially have my first lingering injury.
My second major injury was dislocating my sternum. Twice. Weird, right? It happened in yoga because yoga is a high impact sport and then again in the shower. Reaching for the shampoo is dangerous! I’m 3 months out from this injury and things are nearly normal again. However, its so frustrating to have another injury that makes me second guess my movements. I want confidence in my physical activity!
Overall, my weight is flat for the year. With everything going on, I should take that as a blessing. It could be a lot worse.

2. Complete 3 Races

Done! I was able to run the first pre-injury and walked the second and third. Hubs joined me and we turned it into chatting time. I don’t expect to be able to run again. In fact, my orthopedic doctor specifically told me not to. Stupid knees and hips being angled all funny.

3. Read 12 Books

ALMOST! I recorded reading 11 books this year. Most of my reading ended up being money focused. My life seems to be money focused so that makes sense that I would want to read about it.

4. Hustle into $1000

HEY!! I didn’t think I made this, but I hadn’t tallied it all up. When dollars are trickling in from various sources, its hard to see how much it actually is.
Passsssss
Main hustle: $710
UserTesting: $180
Bing: $60 Click here to sign up! (Referral link)
Swagbucks: $60 Click here to sign up! (Referral link)
New savings account opening bonus: $50
Money I found on the ground: $0.33 since September.
Gift card I found: $33.26
Those last two don’t really count as hustling since all I had to do was pick them up, but even still! This brings my hustle money to $1093.59

5. See the Caribbean and Florida

Yes! I’m writing a Vacation Budget Post along with some fancy photos. We cashed flowed most of the trip and by cash flow, I mean used the credit card float. I won’t pay any interest on these memories, but it’ll take until Jan 22 to pay it all off.

Money Goals

1. Increase my Net Worth by $100/day.

Yes! When I set this goal, I was apprehensive. I used phrases like ‘I might just get there” and “I’m going to try” Well, I knocked this one out of the park. I had help from Hubs’ contributions to the House Fund. Without that, I wouldn’t have been able to get here on my own income. However, we completely joined finances earlier this year, so there isn’t His money and Her money anymore. Its our money. What I tracked in Our Money online in this little blog increased by more than $100/day or $36,500 for the year and that is quite a victory!

2. Max out my Roth IRA

Yes! I maxed out my 2014 Roth in January and contributed for 2015 over the year. I took advantage of a few downturns and threw a little extra in the market to lower my bi-weekly contributions. Those little opportunities probably won’t make much of a difference. Heck, I was only throwing in an extra $100-200. But they sure made me feel like I was participating in the action! I’m excited to get started on my 2016 Roth now that it’s January!.

3. Finish my Student Loans

Yes! On March 27, 2015, in the early hours of the morning, I sent my final payment. I’m still having a hard time believing that these are gone. It’s real though. I put it on my Christmas Card. You can’t lie on your Christmas Card. That’s a life rule.

4. Save $17,000 for a Down Payment

Yes! AND exactly!  I played with the numbers on payday/ New Year’s Eve and I was $120 short of hitting $17,000 for the year. Then I remembered that due to my fancy rent negotiating skillz, my January rent will be $200 cheaper that normal and I mistakenly set aside the full amount. To play it safe, I only took the $120 I needed to make it to $17,000. My goal setting skillz on this one are quite accurate. I never expect to be so accurate again.
Due to measly interest, I’ll be over by a few bucks. Those are victory dance dollars. I will celebrate every one of them!

5. Leave my car loan alone.

Yes! I did, I did! It has been set up on autopayment for the entire year and not once have I made an extra payment. My brain still plays with the idea of paying it off early, but at 1% interest AND with the house fund earning more interest per month than the loan accrues, I cannot and will not pay this loan off early.
There it is folks. My 2015 goal update. I had a lot of money wins and what felt like constant physical set backs. Overall, a productive year. I’m excited to see what 2016 holds.

Did you set any goals in 2015? Did you accomplish them? I would love to celebrate with you!

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My Painful Realization

There is a part of me that holds the power to define the rest of my life. I made the connection a few months ago. It was a powerful abstract fact that made me stop and think. However, 2 months ago, things got real.

See, 2 months ago I got hurt while exercising. Initially I thought it was extra soreness. I went a little harder than I normally do and that was a mistake on my part. I didn’t have any pain during that workout, but it all started in my knees about 24 hours later. It ebbed and flowed a bit for the first week after that work out. A week after the initial incident, I went to a festival that requires a lot of walking. The pain increased from there, followed by 10 days of crippled old man walking. It felt like there were shards of glass in my knees.

To many of you, this may sound like a simple sports injury. Heal it up and I’ll be good as new. It’s not so simple.

I had to quit sports as a teenager because of the pain in my joints. I picked the least impactful sport there is (swimming) and that was too much. Like most swimmers, the breast stroke kick was tough on my knees, but my shoulders would grind during freestyle, and my ankles would snap in and out of place as I kicked. I got in trouble during one dry workout because I couldn’t jump the stairs like I was supposed to.  I couldn’t do it because my knee was out. Not all the way out, like “hey, my foot is facing backwards” but enough that it made movement very painful. My whole team had to do memory sets because of me. Sorry team.

After seeing a long line of doctors, I was told that my joints are loose and that I should grow out of it. The way I describe it that makes most sense to me is to say that I was made with used parts. Everything works, but each joint has its own little quirks. My knees are in the worst shape. I have to pay attention to every step I take. Anything with a pivot is prime for pain. Getting out of a car, going up a stair case, stepping into the tub, or suddenly getting out of the way all take special consideration. It has gotten better since I was 15 when I had to quit sports altogether, but I haven’t grown out of it by any sense of the term.

What does this have to do with personal finance? Everything

This recent bout is the most significant knee pain I’ve had in 8 years. I was concerned that I’d done some serious damage. Even if I hadn’t done a lot of damage, the most adult thing for me to do is get this all checked out. With the amount of grinding and small dislocations I’ve had over the years, I know my knees are not in great shape.

What does this mean?

Short term:

This could be expensive. I had an appointment with a specialists who took X-rays. Thankfully, the x-rays didn’t show anything alarming. There is no obvious damage from the X-ray, except that my knee joints are structurally messed up. #usedparts.

The Doc wanted to do an MRI to rule out a meniscus tear. If it was a meniscus tear, I’d need surgery.  At this point, I’m holding off. By the time I got in to see him, the pain was trending downward. My experience didn’t seem like a tear. There was no traumatic event and there was no swelling. Perhaps an inflamed meniscus, but not a tear. If the pain flares up again, I’ll get an MRI.

Going to the doctor was a great first step in figuring out what the heck is going on with my knees. I need to take my joint situation seriously. So far I’m out ~$400 here.

Medium term:

One of the main things I took away from my meeting with the Doc is that I can’t run anymore. Mainly because he specifically told me, “No more running.” For the month while I was limited by knee pain, I didn’t care. I couldn’t walk without pain. Being able to run was a pipe dream. Now I can walk again, so I have to fix as many knee problems as I can.

The first problem identified is the most obvious. I need to lose weight. My pain situation moved me losing weight from “Yea, I know I need to do something about  this” to THIS IS AN EMERGENCY!!” 

Did you know that every pound you weigh puts four pounds of pressure on your knees?

I need to give my knees the opportunity to function as well as they can. The best way to do that is take pressure off them and make them stronger. Thankfully, I already have most of this lined up. I signed up for personal training at my gym and I’m working to improve my eating.

I’ve been working with my trainer for 6 weeks and we had a bit of a knee revelation. On top of my knees being lose and unstructurally sound, my knees naturally collapse inward. This collapse makes my legs and glutes significantly weaker. When inflamed, weak legs and glutes cause significant knee pain. Awesome.

At the time, I was even more bummed that here was another factor working against me, but unlike the other pieces, I can change how strong my legs are.

This extra cost now is worth every penny if I can prevent greater costs later. Since just before the injury, I’ve relieved 28 pounds of pressure from my knees. 🙂 🙂 🙂

Long term:

This is my main motivation to save and live on less. However, I’m not sure if this means become financially independent ASAP or take some time off in the next few years to live it up while I can still get around. This is all dependent on how my pain and the condition of my joints advances.

It’s been difficult mentally to deal with crippling knee pain at age 28, but I am so thankful to have a wake up call now. The alternative was to wake up tat 58 when I’ve had both my hips and knees replaced and don’t have the money to escape.

One thing if for sure: I need to save for this.

I need to save for independence

I need to save for travel

and sadly,

I need to save for doctor visits. Thank goodness for HSAs. 

Has a medical issue changed your life view? 

Focus on What you Can Control: Success is in the Inputs

The farther I’ve gotten away from my student loan debt, the more I’ve realized that I didn’t have full control over my situation like I thought I did. Yes, I paid off $45k in debt in 15 months. But there were numerous factors that helped me get there. A few of those factors include:

  • I have a good income
  • I have an employed spouse
  • I don’t like to spend
  • I don’t have kids
  • I don’t have pets
  • I didn’t face any emergencies.

These factors are all inputs. Individually, no single factor listed above paid off my debt. Each one, with many others, worked together to set me up for financial success. By earning and not spending, paying of debt was an excellent output.

I have a varying level of control in each of these factors. For example: I choose not to have pets or  kids right now. These two factors  alone limit the number of unexpected expenses I have to deal with and made paying off debt that much easier. I was also extremely fortunate that I didn’t have to deal with any emergencies while paying off debt.

Now that I’m transitioning to getting in shape, I’ve realized that the same principles apply. To get where I need to go, I need to focus on the following inputs:

  • Meal plan healthy food options
  • Eat according to my caloric needs
  • Learn how to manage high caloric situations
  • Lift things up and put them down to build lean muscle mass
  • Hydrate
  • Go to bed early.

If I can manage these inputs, I will eventually lose weight.

Life wants you to focus on the outputs

Life wants you to focus on the outputs. I am guilty of it. I talk about how “I paid off $45,000 in 15 months” while I also want to lose 40lbs. I want to fit into a size 6 and have a massive net worth. These are all outputs.

These outputs don’t happen by themselves. These are all results of a series of inputs over a period of time. Without the proper inputs, the desired outputs are out of reach.

We’ve all heard people who want the output but don’t pay enough attention to their input. “I want to get out of debt but I won’t challenge my ‘fixed’ costs or earn more.”or “I want to lose weight but I don’t want to eat less or move more.”

We have little control over the outputs. 

When I was paying off debt, any number of things could have happened and sidelined my progress. Me or Hubs could have lost our jobs. Hubs could have come home with a puppy. I could have gotten pregnant. We could have dealt with any number of expensive emergencies. We could have dealt with an emotionally expensive emergency that disabled my ability to give a shit. If any of these things happened, it would have slowed down my ability (or desire) to pay down debt.

For my current quest, I want to lose 40 lbs. If I do everything I am supposed to do, I hope to lose about 1.5 lbs per week. However, even if that is my plan, my body gets to decides if it wants to do that. I don’t control the timeline. With the right inputs and time, my body should eventually comply with my requests. My body has ultimate control over the timeline.

FOCUS ON WHAT YOU CAN CONTROL

A fun fact about me is that I grew up in a family of alcoholics. Thankfully, most of the them were recovering alcoholics, but alcoholics nonetheless. The big thing that kept them sober when they were sober was Alcoholics Anonymous or AA. A major part of AA is the Serenity Prayer. The first three lines of the Serenity Prayer are as follows:

Screen Shot 2015-06-03 at 11.01.58 PM

I wasn’t expecting to draw inspiration from a prayer that helped my family stay sober, but the truth of this prayer is true to debt and weight loss as well. None of us have the ability to directly change our debt. You may want to get out of debt, but without the right forces in place, it’s not going to change anything.

You have control over your income and your spending. You can’t control what happens between managing your money and lowering your debt. That machine in the middle between the inputs and the output is life and life is unpredictable. 

So, if you are managing your inputs, whether that’s increasing your income and lowering your expenses or managing your food intake and moving your body, you are on track.

Create a plan for your inputs.

Follow the plan.

Life may get in the way for a while and that’s okay. You can’t control that.

If you follow the plan, you’ll eventually get to the output you want.

I promise.

Success is in the Inputs.