Being Disciplined
We decided that once we paid off the loan from our parents, we would build our emergency fund upto $20,000. We changed this slightly to pay an extra amount towards our mortgage and build the emergency fund. Looking at the state of affairs right now, we feel that this is a good time to start investing in the stock market. But there is a small sense of discipline in me that is stopping me from doing it. At the rate we are saving right now, we would completely fund our emergency account by end of December. Though there is an itch to go and buy company stocks right now, I think we will wait until December. Something tells me things are not going to turn around completely before December.
Hello after a long time!!
Hey everybody,
It’s been long. Before I start anything I need to thank Joe for keeping me away from buying anything Gold. Though I am around 10% down on FFNOX, I feel much safer at that place rather than a place I would have been if I had bought the precious metals fund.
I took the new job and it’s been awesome. Commute is long but it’s okay since I take the train. Spent a fair share of money on vacation plans for Thanksgiving weekend. Got a stupid citation and have to pay about $400 for that. So things on the financial side are going at pretty much the same level. I am hoping that next year would be better than this. I am still hoping to put away about $20,000 in our savings account by end of this year. I am about 60% there. Still a long way to go. It’s not going to be easy.
My CFA preparations are going nowhere since I started the new job. I am hoping that everything that things would settle down by end of this year and the new year would be much more organized. I have to revisit my 2008 goals to see where I stand. I am pretty sure I will not be reaching my financial goals by end of this year. But I am pretty happy about the start I had this year. Last year, I did not even know what I wanted to do. This year has given me a lot of knowledge and ground work to make the coming years better.
I haven’t regained my data files and I haven’t found the time yet to put together my networth data. So I’ll have to wait a little bit more before I post my networth updates. Hope you guys are hanging on in these tough times.
Bye for now…..
