Wednesday, December 27, 2006

My 2007 resolutions

Finance
  1. 401K: ON TRACK
    Keep the current 6% 401K contribution
    Aim for "401K to grow at 10%" My 7020.45 deposit for 401K should grow to 7722.495
  2. ESPP: ON TRACK
    Keep the current 15% ESPP contribution
    My 5850.36 contribution for ESPP @ 10% returns should grow to 6435.396
  3. Emergency fund: NOT STARTED
    Should reach 30,000. Currently its 23,735.14, so I should add 6,264.86. But since I get 5% interest (at least 720 per year), I need to add 5544.86 so thats 462 per month
  4. Vanguard account: NOT STARTED
    Open a Vanguard account
    Buy an Index fund VFINX
    Buy an ETF
  5. Personal stocks: NOT STARTED
    Buy a couple of stocks
  6. Net Asset Value: NOT STARTED
    Should be 70-75K around Dec'07

    401K 7020.45 @ 10% returns 7722.495
    ESPP 487.53 * 12 = 5850.36 @ 10% returns 6435.396
    Put 6000 in savings account + 5% interest 6720
    Put 5000 in investments @ 10% returns 5500

Personal

  1. Dental: NOT STARTED
    Complete all teeth fillings
    Teeth whitening
  2. Acne:
    Apply the acne cream every day
    Acne free face by next December
  3. Hair: NOT STARTED
    Have a new hair style!!
  4. Body: NOT STARTED
    Current weight: 170 pounds Target weight 155-160 pounds
    Flatter belly
    Muscles begining to show :)
    Maintain healthy diet

Career

  1. Perks should grow by same amount or higher as compared to last year
  2. Salary should grow by same amount or higher as compared to last year

Stretch Goals

  1. Money generating website: NOT STARTED
    Create a website that sells a product
  2. Investments should give 15% returns
  3. Monthly salary in hand = 3400. Approximate expenses = 2500. Saving = 900 per month
    Yearly saving = 10800
    Should save 1000-1100 per month. Should save 12000-13000 per year
  4. Create a solid plan to buy a house
  5. Read 10 books related to Finance, Alternate sources of income and Management
  6. Find a girl friend:)

My NAV - December 2006

Bank accounts
HSBC Direct Savings 23,735.14
First Tech Checking 3,727.26
First Tech Savings 134.25

Investments
401K (Fidelity) 290.53
ESPP/Stock awards (Fidelity) 11,375.31
Personal stocks (Scottrade) 3,182.52

Net Asset Value 42,445.01

My first blog!!

Yeah, this is my first blog!!
My main intention is to keep track of my finances (investments, budgeting etc), health, career and to have some fun. Blogging may also improve my writing skills a little bit.