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Archive for January, 2013

Review of 2012

Since everyone is doing it, I figure why not review 2012.  First, I will start with some goals I made for the year and see what I was able to accomplish.

Smart Financial Goals

Starting with the financial goals, I was not able to eliminate PMI on the rental house (yet).  I looked into it during the first part of the year and found out that I would have to have a lot more equity to be able to do so.  However, I have started the process of refinancing 5 of my rentals and will be able to eliminate private mortgage insurance with the refi.  So, it may work out after all but in 13 months instead of 12.  Grade B+

I also had a goal of paying off the business line of credit.  This was in fact accomplished during the spring.  However, one of the tenants lost the air conditioning in May and I had to put in a whole new unit to the tune of about $4500.  Currently, the line of credit is not paid off.  Grade C-

I also wanted to get the Discover Card paid off.  I paid it off in November, although with other loan proceeds.  Nevertheless, the interest rate is much lower.  However, I recently got an offer in the mail for zero percent balance transfer with Discover for 6 months with no fees.  So I paid a big chunk against another card.  While not perfect, it is some progress.  Grade B

I also made it a goal to make $30,000 through blogging this year.  Not even close.  I figure I will make slightly more than last year.  Plus I made a profit.  But it didn’t happen at all.  I won’t give myself an F since I at least made something and didn’t cost myself anything.  Grade D-

Smart Personal Goals

I did make some personal goals as well.  I wanted to lose weight and get below 200 pounds.  It didn’t happen.  In fact, I am currently close to the highest I have ever been at 228.  When I weighed at the end of the day, I was 229.2, but I had just eaten.  This morning I was at 227.4.  Obviously a BIG FAIL!  This will become another goal this year.  I may not hit 200 and won’t even set that as a goal, but I need to see something positive happen.  Grade F-

As far as the de-cluttering goes, I did clean my closet.  But my room is a mess.  Much of it is from my daughter’s room when she moved to the basement.  We have a foreign exchange student from China so had to clean out a bedroom and rearrange sleeping quarters on short notice so there is still residual chaos.  We will work on it this year.  Also, the basement and garage are improved but nowhere near where they should be.  Grade C

Popular Posts Now, let’s take a look at the 5 most popular posts for CFM this year:

1.  Does One Million Dollars Make You Rich?–This post was in response to someone who won the lottery and was still on food stamps.  Now I am not sure that one million before taxes is enough to make one “rich”, but I do think that one million dollars after taxes can be used to create some decent cash flow.  At least that is what I would do with it.

2.  Warren Buffett, Intel, and Me–This was one of the most popular posts for 2011 as well.  I guess when you make it to the first page of Google for people searching “Warren Buffett and Intel” which is what happened for a time, then your post is quite popular.  However, now that he has sold his position, it is likely to get less press.  I, too, sold out my position in Intel.  I made about 7.5% capital gains on my Intel investment that I held for about a year.  I also made 4% in dividends during that time.  Not bad considering the time frame from late August 2011 to early September 2012.  I would consider Intel again.

3.  What Would I Do with $50,000–Again this is one of those posts which looks at my thoughts regarding investing and cash flow.  Not that I have $50,000 lying around, but if I did, I would be working on getting some cash flow out of it.  Currently, I would look at paying off some debt which would free up room in the budget and provide me with a guaranteed return.

4.  CFM Celebrating 100 Posts with Cash Giveaway–Who doesn’t love winning cash?  No wonder this post ended up being so popular.  Unfortunately, earnings during the year didn’t keep up the pace that I would have liked, so I have been unable to conduct another giveaway.  Maybe this year will end up being better.

5.  Gotta Love Dividend Stocks–Investing and making money are some popular topics.  I was making good progress on my dividend stock investing in my retirement account.  Too bad that I had to pay some back taxes and cash that out.  But now the taxes are paid and there is more room in the budget.  Focusing on debt pay down during 2013 will be the plan.

Goals for 2013

I will be making and outlining my goals for 2013 over the next few days.  I had hoped to get this post out a day or two sooner, but it didn’t happen.  Nevertheless, I enjoyed the holidays so all is good.


Carnival of Financial Camaraderie #61   – PT
Carnival of Retirement #50   – CFM, GPM
I had corned beef and cabbage today so it should be a good year.  Hope 2013 turns out well for all of you as well.


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2 comments - What do you think?  Posted by Cash Flow Mantra - January 1, 2013 at 9:49 pm

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