As promised, here is an update on the goals I set at the beginning of the year:
- I will bring my automatic monthly income up to $10,000 with new online services I will create by the end of the year.
Progress: Unfortunately not much progress on this goal. I have plenty of active income, but I haven't made any progress on the automatic income.
- I will weigh 190 lbs. by July 31st.
Progress: I am really excited about this goal. I started the year weighing 264lbs. I am currently down to 232.5lbs as of this morning. That is only 1.5lbs above the half way mark. After I posted this goal I looked up my supposed 'ideal' weight - it's 198lbs, so that is my new target weight. Heather thought that 190lbs was a little too low and the internet agrees. In any case, I feel better and look better. I will save pictures until this goal is complete, but it is very exciting to make so much progress in so little time. At the current rate I should complete this goal around the end of June or the beginning of July, ahead of schedule!
- I will pay off my car by June 1st. ($3000)
Progress: Complete! I paid my car off with out federal tax return in mid March.
- I will create and publish 5 new iPhone apps to the App Store.
Progress: I am currently in the middle of creating a new app called eButterfly - Heathers' idea. It not only allows you to view the streams from multiple social networks at the same time, but it allows to to cross-post between the networks. See something you like on facebook? Re-tweet it on Twitter and post it on MySpace. I should be able to complete that project by the end of this month.
- I will purchase an iPad by April 2nd. ($600)
Progress: After receiving a birthday gift last night from my in-laws I have the funding to purchase the new iPad 2. I had an iPad 1, but returned it in favor of the iPad 2. However the funds from that return were used to cover medical insurance that month. I started setting small amount of cash aside from my completed projects, and the gift last night pushed the balance to within $3 - which I am happy to cover. I will be purchasing the iPad 2 at the Apple Store either today or tomorrow! Right on time - Complete!
- I will pay off the water filter by the end of the year ($3,000)
Progress: I have started making larger payments on this now that we don't have the car payment to worry about. I haven't commited the full amount of the car payment to it yet due to medical expenses surrounding Heathers pregnancy. I am expecting a few larger projects to close this month so I should have plenty of extra cash to put towards paying off the water filter.
- I will pay off my credit card by the end of the year ($10,000)
Progress: I have moved all automatic transactions away from this credit card and have been paying at least $200 per month on it, which is just above the minimum. However, since the interest rate is so low (7.9%) this still allows for a large portion of the monthly payment to go towards the principle. It is currently down to approximately $9,300, so at this point it looks like I will miss this target unless a very large project comes my way.
- I will test 3 new muse ideas by June 1st.
Progress: I started with the idea of a simple WordPress installation service that I could build up and then outsource to a virtual assistant. The site is still up - wpblogsinstalled.com, but I found that I had too much active programming work to maintain it and the cost of aquiring customers was too high when compared to the amount I was charging. I will return to this idea later, but for now it is on hold. There haven't been any other ideas for automated muses, but I will keep looking and doing brain storming sessions until I come up with something I like.
That's everything, and so far completing 2 major goals for the year seems like good progress for 1/4 of the year - 1/4 of the goals. Even though it looks like I will miss on a couple of these I will still strive to complete them. Progress towards a goal is still preferable to standing still. I will publish my next progress report on July 1st, at the start of the next quarter.