chillin' through a cold front

This week I was convinced to get the flu shot by colleagues. 48 hours later and I am sick. Chills, fever, sore throat, cough, body aches...lovely.

It's been a week since i decided to pull my money from advice I was given was not to look at my investments everyday but rather once a month or so since it will fluctuate. The minute you say not to do something, it's hard not to do. My investments went down almost 500$ this week. I really don
t plan on touching this money for 2-4 years but it still sort of sucks to see it go down. especially since I didn't have a lot to begin with.

I made it to the gym twice this week before this flu hit, so I didn't quite hit my health goals.

One of my financial goals is to protect my assets. This week I was reminded that I am my greatest asset. A couple incidents put this in perspective for me. I need to take care of myself and project a professional and confident image - this will in turn make others respect me.  First step is respecting and valuing myself.

health

I am off to a good start with my financial goals for 2011. But I have been avoiding setting any health\fitness goals because I know that those are the ones I have a lot of trouble sticking to. I think it's a question of motivation. I am in fairly decent health, no major issues, and I think I take this for granted. OK I do take this for granted. So what can motivate me to take better care of myself. I almost always put myself, my feelings, my thoughts last in other areas of my life so it's surprise that taking a couple hours a week to work out is the last thing I make time for. How do I make myself a priority again. Aside from "just do it" I don't really have an answer. I need to value myself more. Gosh that sounds very self-helpy.

I want to aim to workout at least 3 times a week.  Sunday I'll go swimming and i will go to yoga on Tuesday and Thursday this week. 

I already feel myself backing out of these goals so I'll need to really figure something out to keep me motivated.

Finding Balance

I did the 3 things I set out to do this week and it's only Thursday.

I met with a financial planner. It was great he spent over 2 hours with me, discussing my goals and my situation. I will go back on Monday to actually make the changes to my investments. I have been playing it very safe. keeping most of it in GICs and low interest savings accounts - in hopes of one day putting it as a down payment on a home. well as life goes each year I push that goal of buying a home over. It became clear to me this year, that with the way my life and relationship is going that we will not be making those big decisions anytime soon. and so my goal of owning real estate by the age of 30 is gone. mourn the loss. but it's time to make financial decisions based on reality not dreams. And so on Monday I am moving that money over to a more balanced portfolio.

I balanced my checkbook for December. I should have all my holiday bills paid by the end of this month.

I also called my insurance company and lowered my home and car insurance - saving me a total of 167$ a year. Not a huge amount, but it feels good. 

Getting started

I often think I am running in circles. That I don't actually accomplish anything. I don't think this is true. I just don't track my progress or take the time to really acknowledge the things I have done. I am too busy focusing on all the things I didn't do. There is a lot of negative feelings in my head and I need to change the language of my thoughts. I also need to track what I do get done and be proud of that. I have a lot of goals for 2011. Let me start with my financial ones.

First I need to recognize that I have not made a long term financial plan because I am unsure of my future. But I need to do something. I can change these goals if and when my life changes. In the meantime, not having a plan is a huge mistake. Last week I  made a list of personal financial blogs that I want to read regularly. The list is long, but I figure as time passes I will choose the ones that I like and commit to those. I wasted way too much time and energy reading gossip blogs in 2010 and all it did was make me feel crummy.

Increase income by $10,000

• In my field and where I work this is only possible if I get a promotion - Or if they reevaluate my job at a higher level.
• Apply on at least 3 jobs outside of my company this year with a higher salary. After 8 years in the same company - I am a little scared of starting somewhere new. But it may be the best option for me.
• Take a photography class and possibly try to make a side income with this skill
• Network, network, network.

Increase net worth

• Reinvest RRSPs in higher risk portfolio
• Take better care of my assets (car, clothes) Repair VS buying new stuff.
• Attend 2 financial workshops\seminars this year
• Promptly do budget at end of each month to make sure I maximising on my savings
• Max out my RRSP and TFSA this year (by March 1st, 2011) (about $9000)
• Invest\Save an additional 3000$

Long term goals
Car fund = 20,000 (by Oct, 1 2014) currently at $3,950 (save 80$ a week to reach this goal)
Vacation = $3,000 (by Jan 1, 2012) currently at $500
Emergency Fund = 20,000 currently $0
Down payment for a condo = 80,000  - currently 40,000
TFSA - 15,000 = currently at 10,000

Spend 1 hour a week reading about investing and learning something new.
Look for cheaper insurance quotes to save money
Only replace stuff if it breaks (try to fix it first)
Don't spend money on other people out of guilt.Be generous in other creative ways. Be generous to yourself as well.

Re-evaluate goals of life changes. Not an example of failure but adaptation!

This week:
Make appointment with financial advisor
Update accounts and pay bills for December
Look for better insurance quotes.

failure.

Is this really how I want to start my first blog - anticipating failure? I have avoided making decisions, taking action and making choices because I fear failure. So instead, I stay in limbo. I play it safe. I plan, but never execute. OK, to be fair, I have made some choices and decisions in life but more often than not I over analyze which paralyzes me and often prevents me from taking any action at all. So this year - I anticipate and welcome failure. I will take calculated risks, some will be be good, some won't. But that's OK. The point is I will make choices. I will do more.

While I want to remain anonymous, I will share a little but about myself. I am 30, have a full time job and I am in a relationship - but things are not going well and we are in limbo - so to speak. The majority of my time and energy has gone into this relationship and now i want to devote some of that energy back into myself; so I don't plan on making this blog about us. But about me.

So here we go.