Wednesday, September 28, 2016

Tentative Game Plan

Y and I have been talking lately about some goals for the future.  I put think that I would like to change positions in about three years.  My current position pays very well.  It is high intensity most of the time.  It is sales and execution.  I'm very good at it but it comes at a price.  I would like to change to a lower stress role but at the same time I know I will miss the money and power that I have with my current position.  Obviously, you can tell that I'm leaning toward leaving but have mixed emotions.

Anyway on the financial front, I want to have my ducks in a row.  Y and I have talked about attempting to pay off our mortgage.  We currently owe about $191,000.  It will be a stretch to pay it off in 3 years.

One of the reasons we want to do this is to reduce our monthly required cash flow.  However, the bigger reason we want to is because we don't like owing anybody.  We want to own our stuff, not the bank.

The analytical part of knows that it makes more sense to save and invest our money.  Our mortgage is at 3.375%.  I'm sure we could beat that in the market.

I'm not really sure what to do.  Maybe we will save the money and pay it off later.  I'm torn on what to do.  I do know that I want to have options so we need to either save or pay down.

Thursday, September 15, 2016

Savings Update

I'm rocking my savings goals for the year.  My big fat goal was to save $50,000 this year.  It didn't look like I would make it the first six months of the year but things are perking up.  This month we saved $9523, bringing the total for the year to $37,559.  This quarter has been fantastic financially, not so much for work life balance.

In July, I put new goals that helped motivate me to save.

  1. Increase saving to $10,000--check
  2. Y's Roth $5500--money is saved.  I just need to make sure we are under the income limit before actually putting it in the account but it's set aside
  3. My Roth IRA--money is saved as of today
  4.  Save $10,000 to finish basement--$3000 saved so far
  5. Save $10,000 to buy stocks--$3000 saved as of today.  I'm thinking I will buy either Walmart or Target, not sure which.  
The elephant in the room is that I've been stressed this quarter to get to this point.  I was talking to my best friend and she pushed me to ask for more professional support.  The next day I asked one of my bosses for more hours with an assistant.  She readily concurred and told me to ask for whatever need.  

I like my job but I don't like the stress.  Is it possible to be challenged, make a lot of money and have very little stress?  If so, at what job?