Tag Archives: year in review

Hello 2015! Goodbye 2014. And so on…

It has been one hell of a year. Accounting for all that has happened, no wonder I feel mildly overwhelmed. As life speeds ahead, I’m grateful for this one day a year to stop and reflect on how much changes in the course of 365 days. A lot, to say the least.

I’m trying to become a more mellow person, but that’s a struggle. Whatever seems massively important today, unless it has to do with your loved ones or close friends, isn’t really that important at all in the grand scheme of things. When I care too much about everything, that’s when shit starts to hit the fan. Work is work, love is love, and the two should never be accidentally interchanged. I’m not saying that one shouldn’t work hard and get shit done, but the amount of stress I create for myself on this impossible quest to perfection, and the ultimate downfall of such anxiety, is not worth it and it doesn’t help anyone.

In 2015, I’d like, more than anything, to manage a solid and productive year at my current job. This will not only enable me to reach or at least get near my 2015 financial goal of $400k networth (up from $300k today), but it will also provide me with the confidence I need to be highly employable going forward, with a playbook to use which can be followed in any role I take, at least within my specific type of position and industry. It’s creating the playbook that’s hard, especially when you have to learn from trial and error.

In my last opportunity, I realize now that a lot of the challenges there were not my fault. I didn’t make the right plays, for sure, but sometimes young companies have issues beyond what a marketing or sales person can help. Lesson learned there is to never take a job unless I believe 100% in the product and also know there’s a large pain point it is solving.

That’s not to say anything is going to come easy in 2015. I am in a much better situation, but some of the realities are the same as the last and I want to make sure not to make the same mistakes. While I don’t want every year of my life to be dedicated to my career and working long hours, I think 2015 is the year to do it. I don’t have kids yet (but hopefully will soon) and outside of a stable relationship with my boyfriend of nearly nine years, I don’t have much of a social life to speak of, so I might as well invest my 2015 into, as calmly as possible, kicking ass at my job. (And accepting help from the right people who can actually GSD. I.e. hiring smart and making decisions not based solely on resume but on my gut.)

I’m also accepting that there are some things I’m good at and some things I’m not so good at — and I want to forget about that and try my very best to see what I’m truly capable of — if that isn’t good enough for this role or this type of role then, well, I need to figure something else out. I’m hoping that’s not the case, but we’ll see. The difference this time around is that I want to push myself to do whatever it takes to succeed. It is going to be a struggle every step of the way, but what good taste of victory isn’t?

As a working professional, I’m not allowed to be scared, but I am, but I’m also reminding myself that it isn’t worth being scared over succeeding or failing in a job as long as you believe you’ve actually done your best (and you have enough of an emergency fund in the bank to help you through whatever transition needed should you falter.) I have to wake up every morning and ask myself — what needs to get done today? And I need to get that done. Period. No getting distracting on projects that may help the bigger picture but aren’t contributing to your core objective. To succeed at work, you have to be selfish. You have to learn to say “no” a lot. And you have to get results so people trust that when you say no, it’s for good reason.

Outside of work, I hope 2015 will be an exciting year on the personal front. It should be the year my boyfriend proposes to me, which I’m actually excited about given we’re pretty much married at the moment and there is no other person I’d rather spend the rest of m life with. What I have learned about myself is that – while I thought I’d want to marry someone who is career-minded and well-traveled, for many adventures throughout the next however many years of my life, I’m actually much more of a homebody who prefers stability in my relationship. That’s not to say we don’t take trips on occasion, but we’ve yet to travel abroad with each other (my Southeast Asia trip was with a high school friend, not with him) and that’s ok. I’ve discovered that the value of a relationship is having someone to come home to at night, to share a meal with, to watch a movie or tv series with, to cuddle with and wake up next to in the morning. And, of course, to raise a family with when the time is right. All of the other excitement can be obtained outside of a relationship in the form of individual adventures and sharing time with good friends.

2014 has also been a year of seeing my parents go through their own transitions. My mother turned 60, my father, in his 60s, still has terminal cancer, yet is doing miraculously well, #knockonwood, and they’ve been remodeling all of the bathrooms in their home, considering purchasing a condo in Florida to spend the long winters, and surprisingly enough have not killed each other on a series of road trips across their part of the country. I have to remind myself often that I’m now old, and so are they. I mean, 60 isn’t that old necessarily, but 60 year olds are grandparent age, and neither I or my sister have had a child yet, so they’re occupying themselves with a variety of other engagements. But it is strange, how fast life goes, and remembering your parents when you were young, and knowing your time with them, even without accident, is limited. Living far away, if you see them twice a year, for 30 more years, that’s even just 60 more times to say hello and goodbye to the people who made you, and that’s a terrifying thought, no matter how many times they drive you to want to jump off a bridge on each visit.

I hope that 2015 is filled with success, love, and friendships. My resolutions are to go to the gym every weekday (or walk at least one hour with commute), to NOT pig out, binging on crap food just because it is the only thing that helps combat my terrible anxiety, to focus on the primary success metric on my job and relentlessly show results to my boss and team so they can trust me and I can expand to do the things I enjoy most while still delivering unprecedented results, and to spend reasonable amounts of quality time with my family who are across the country, not just my parents, but my cousins, grandparent, and sister. I also want to get rid of tons of shit and live a simpler life.

Finally, my New Years resolution, which is crazy, is that I don’t want to buy anything (other than perhaps a new suit and coat) between now and June 2015, as my focus is on losing weight and saving money. I want to have my 401k and HSA maxed out by March ($20k), following by investing in a post-tax IRA ($5.5k) and manage to save another ~40k-75k through some serious frugality over the year. I can’t focus on that though, as it distracts me from what gets me there, being successful at my job, and growing into an actual executive who looks nothing like the me prior to 2014. Bring it on 2015, I might not be ready for you, but let’s make it happen.

 

2013 in Review: $253k Networth

Wow, it’s already 3 days into 2014. I’ve continued my OCD spreadsheeting of my investments, liquid savings and total networth that began in 2007 (yes, each year has it’s own sheet in one document, where at least once a month I record the exact amount of each account and stock/ETF/fund I own. And I’ve been doing this for 5 full years now.)

The past year has been successful in terms of hitting my networth goals. I closed out the year at $253k, not counting some additional funds that I should be receiving back in 2014 (though that may be balanced out with taxes owed, we’ll see.) Having a stable job for the year that has paid me more than any year prior (with bonus I earned something like $120k for the year) has helped in achieving my goals, as has staying in my shared apartment with $650 rent vs giving in to the temptation to move in with my boyfriend and pay at least $950 per person for a reasonable 1br space.

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I’m also focused on kicking off my 2014 investments by maxing out my 401k right away. I am slightly concerned about the stability of my job and thus am focusing on taking advantage of having a 401k now and putting in the full $17500 if possible, in case I do not have access to one later in the year. I read recently that putting in a larger amount up front is a bad idea — but that’s only if your employer matches a percent of each month’s investment — and I’ve never met (or had) an employer who actually matches on the 401k contributions.

So the reason I have so much cash sitting in my bank account (see below) is not because I’ve suddenly decided on having an emergency fund (I don’t see the point as a single person without kids, as long as I can sell my stocks relatively quickly and they are in taxable accounts), but because I’m investing 90% of my pre-tax salary into my 401k starting my first paycheck of 2014. Assuming all goes as planned, by April 1 I should have my 401k maxed out for the year.

This also forces me to live frugally for at least January to March, given that I have to survive mostly on the cash in my bank account and not extra income.  I started to do this last year but ended up spreading out my 401k investments as I was confident I was going to keep my job all year. Given I’m a little concerned my role will be made redundant, I’m going all in. Plus, the pre-tax investment boost helps push me towards my $300k-$325k networth target for this year. The only thing negative about doing this is if the stock market dives later in the year I haven’t dollar cost averaged, but I’ll end up investing more in taxable accounts later anyway (plus my IRA) so it’s not that big of a deal (says the person who doesn’t understand investment math well enough to advise anyone else to do this… I take my own non-calculated risks.)