Today is the sixth anniversary of me starting out on this journey towards bettering my fiscal position.
It started out as a journey towards the airy-fairy dream of “Credit Card Debt Freedom” then I continued on towards paying the rest of my debts off and gaining “Total Debt Freedom!”
After that (in October of 2017, this journey has been twofold.
One has been to keep myself debt free by breaking the habits of running to credit in times of turmoil and buying unnecessary things.
The other thrust has been to build up my savings so as to be able to have a house and land and do so without any debt at all.
That is what I have called my “Grand Savings Plan!” my plan to build up my savings so as to get myself to a place where I can start my Homestead.
It is a Homestead that I intend to be self-sufficient and build it into a town that is dedicated to the furthering of: Science, Knowledge, Technology and Understanding.
It is a tradition each year to look back one year ago and review the goals that I have set out for myself and see how I did. As well I set out new goals for the new year.
1) I will hold true to my Westlock’s Fiscal Directives.
These are the fiscal rules that I have put in place so as to prevent me from getting into fiscal troubles. When I hold true to them, I do well, when I don’t, I don’t.
Here is a copy of my Fiscal Directives in a form that you can print, frame and hang up (should you desire).
2) I will work my Grand Savings Plan!
I still plan to have my target of $150,000.00 in savings before I head out to found that town of mine. My target date is April 7, 2022.
Okay, so those were simple goals and I will say that I have remained true to my Fiscal Directives and they indeed have served me well. (I do recommend following them . . . hint, hint.)
My goals this year are to remain true to those previous goals.
I will continue to hold true to my Fiscal Directives, but I will also rededicate myself to my Grand Savings Plan.
For the past while I have been concerned about what is going on in the world and unsure of how much to save and in what form.
I have to remember that I do want to move on to the next phase of my life as soon as possible, and that is the Homesteading Phase.
I know that to be successful I will need cash, so I am increasing my target amount and pushing back my target end date.
I am now going to save up $200,000 by . . . well . . . let’s say summer (or at worst late) 2024.
I could keep going until the spring of 2025, but who knows. All I know is that I will be continuing to build up my savings in the bank for now and the foreseeable future.
I will decide the details of what and how to move on to the Homesteading Phase closer to the time when I have enough cash to do just that.
I will also be investing in the books that I feel are going to be key to the success of The Homesteading Phase and the town that will be founded as a result of it.
We shall see what the next years bring but I just know that I will be better able to face it with an ever increasing savings.
Total currency failure/WW3 notwithstanding.
As always: Keep your head up, your attitude positive, and keep moving forward!