So, it’s New Year’s Eve and it’s time for me to write down my goals for next year. I am usually pretty clear what I want to do and I always want to reach my goals early. So hopefully I can accomplish the following.
Personal Goals:
- Get more involved in volunteering — There are definitely opportunities to volunteer here in San Mateo. I just need time and a good cause.
- Get more than 1000 visitors to this blog daily — I am averaging about 100 to 200 visitors a day now, so 1000 seems a reachable goal by the end of next year if I continue to write quality articles that people are interested in. I write a lot about my life and the Bay Area, but these are the things I know well.
- Maybe lose a bit of weight – I know almost everyone has this goal and only a few of us actually manage to achieve it. My workplace does offer a gym membership reimbursement of $60 a month so I really should take advantage of it.
- Help out more around the house — Every time my mother sees me she tells me to help my hubby clean. I guess I’m really not big on cleaning and cooking. My hubby actually said to me once, “you’re not good at anything but making money”
- Be awesome at my job – I am still in my adjustment period at my new job, but I am definitely getting the hang of things and I am contributing. Next year I want to be recognized as one of the best. Though I have to say my whole team is pretty awesome.
Financial Goals
- Pull in more than $100,000 in income — This would include my salary and all dividends & capital gains, and of course blog income! I am not including the hubby’s income in this goal because he is free to do what he loves and not care about the pay as much. I am actually pretty close to this goal this year but I took on a new job that doesn’t have as many bonuses as my old job so next year the salary income may not be as high. Then again there is no guarantee I would get good bonuses next year at the old job because revenues have been eroded by the mortgage crisis.
- Increase our networth by 40% — This is a bit of an aggressive goal since I’m not sure what will happen to the stock market, but the hubby and I have been doing quite well in saving money. We have saved around 50 to 60% of our net income every month in the four months we have been married. Lately I have been sort of cautious about the stock market so I haven’t made any new equity investments, but we saved a good chunk in our Vanguard money market fund and 401ks.
- Perhaps turn this blog into a business — From what I read many bloggers register their income producing blog as a business and then deduct expenses such as internet fees as business expenses. I think this is something I could look into because right now my blog income pretty much covers our internet access and if that is tax deductible then that’s great.
As long as I set my mind to accomplish these things I will be able to conquer these goals. I think nothing on this list is outrageously difficult. We will see in a year what happens!
Related Posts
2008 Goals Mid-Year ReviewThe 5% Goals — How I Reach Larger Goals by Completing Smaller Goals
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10 comments ↓
That’s a good call to register your blog as a business. Let us know how that works and the steps involved! That would help everyone!
Thanks.
it’s easy that you just need to get a business lisence and set up an accounting for this business (incuding income and expenditures).
“Help out more around the house ”
You may hire a hourly maid to do that, if you are good at making money
I’m glad to know you. Ireally envy you that you have such a good growth surrounding.Wish your dreams come true and Happy new Year
[...] Baglady recently mused about setting her blog up as a business and earning income from it. A number of bloggers who have typically been employees and are thinking [...]
These are some very nice goals you have here, Baglady. Regarding setting up your blog as a business, it actually isn’t necessary to incorporate, register as a business, or get a business license. You just file Schedule C with your federal income taxes, saying that you have a sole proprietorship, and you can deduct expenses (as well as pay taxes on income).
This is not to say that there aren’t any advantages to registering as a business, but I wanted to offer that information. Be sure to let us know what you decide to do!
That’s an ambitious goal to get 1,000 visitors a day, but I’m sure you can do it! It would be interesting to find out more about your decisions on how to report your blog income. I echo the comments of others here who want to hear about that experience as you go through it since it would be very helpful to those of us out in the blogosphere.
@mike: Actually my hubby refuses to hire a maid. I am also too cheap to do so.
@Hunter: Yup, actually I have filed schedule C before when I worked as a contractor. I was able to deduct some of my driving expenses and computer expenses. My blog income is a lot smaller than my former contract income, though. I think for 2007 I earned a total of $200 or so on this blog.
@calgirl & Brooke: I will definitely write about what I do here!!
I really enjoy reading the content of your posts, so I check your blog regularly. Have you considered enhancing the visual appeal of your blog? I have found that may be a factor in why some blogs grab my attention longer than others.
[...] in the first day of July I think it’s time for a mid year review of my goals for 2008 which I set on 12/31/2007. Personal [...]
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