Friday, April 8, 2011

Financial goals for 2011

I've been thinking a lot the past week or so what I'd like to get accomplished by the end of this year to feel like I'm back to being 110% super solid financially.  I plan on continuing my VPP tear and finishing the year with enough of them to make the following goals achievable.

Financial goals to be completed by the end of 2011:


  • Have approximately $5k in my checking account at all times.
  • Build a "safety net" fund of $25k to cover living expenses for 6-12 months in case of a ridiculous downswing, poker legislation that causes a huge blackout period, etc.  Put this money aside in a low-risk, savings account or money market account.
  • Maintain a bankroll of 200 buy-ins for the stakes I'm playing at the time.
  • Pay off my house in North Dakota.


I plan on doing these in the order they are listed.  It will feel really great if I'm able to complete all of these things by the year's end.  It would be so nice to get my house 100% paid off because then I am absolutely debt free.  I don't owe anything for my car... paid cash for that.  Also don't have any credit card bills or anything else like that so once I'm able to pay off my mortgage I won't owe anyone anything.

After I figure out my taxes next week and cut the huge check to the IRS, I plan on beginning to work on all of these things.

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