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Action Plan

This page is a summary of this post, given it’s own page for quick reference. I will update it when appropriate.

Action Plan

To get motivated and excited about our progress again, I’ve come up with a list of goals.

  • Review our saving, spending, net worth and cash flow each quarter (each month if possible)
  • Develop a spreadsheet to track our dividend stocks investments (Roth IRAs) vs. the First Trust Dividend Leaders ETF (benchmark). I’d like to share the spreadsheet here if I can figure out how.
  • In 2011, fully fund our Health Savings Account to our deductible of $5,000
  • In 2011, contribute $10,000 total to our retirement accounts – $2,000 to my 401(k) to gain the full employer match and $4,000 to each Roth IRA.
  • Replenish our emergency fund we tapped to pay for our new HVAC system in September.
  • Contribute $1,000 to each child’s college savings account

To boost our income, I am also setting these goals:

  • to build and sell at least one piece of furniture in 2011
  • to build my accounting/tax revenue to $10,000 (currently about $3,000)
  • Make $300 or more from selling some of our excess “stuff”
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