Recap of 2007 Goals and new 2008 Goals

I started this blog during summer 2007 and my goals for the end of the year were as follows:

• Max out 401k contributions
• $5,000 in emergency fund
• $100,000 of net worth

The only goal I reached was my net worth goal.  My December 31, 2007 net worth was $101,286.  The downturn in the stock market even put reaching that goal in jeopardy.  My emergency fund only has $4,022 in it but that is an improvement over the prior year when I only had an emergency fund of $410.  I did try to max out my 401k contributions but my spending habits got in the way.  I only contributed $6,934 to my 401k and $1,200 to my Roth IRA.  Those numbers are improvements over the prior year though. 

My 2008 goals are:

• Max out 401k contributions
• Pay off all credit card debt
• $135,000 in net worth
• $15,000 in my emergency fund
• Contribute $1,200 to my Roth IRA

Some of these goals are stretch goals but I am going to do my best to reach them.