Bozzlife: #FinancialGoals2021

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Despite all of the crazy stuff that was going on in the world, 2020 was not horrible financially for my wife and I.

Yes, we had a number of major expenses related to our home, but luckily insurance covered the majority of those expenses.

Despite taking a salary freeze to assist the school district we work for with their potential deficit budget we were still able to accomplish some goals in 2020. We paid off my wife's car and we also paid off our travel trailer. We continued to pay extra on our mortgage and didn't need to reduce the money going into our investments or HSA.

The year 2021 will bring a variety of financial goals our way.

Debt

The key focus (as is usually the case with me) will be to reduce our debt. In 2019 we were surprised by the unexpected need to purchase a new truck. My goal in 2021 will be to pay down a significant portion of the loan on that truck.

In addition to that, we have a home improvement loan we needed to take out last year that I would like to get taken care of.

Additionally, we will try to avoid taking on any new major debt in 2021. Things happen and that may not be easy to achieve, but that is the goal.

Investments

This past year we continued the regular payments to our 403B's, Roth IRA's, and other retirement savings. I plan to maintain those numbers in 2021. In addition to the monthly deposits, I also saw an increase of $5000 in my accounts due to end of year dividends and capital gains.

Crypto

This is the area where I hope to see the biggest change in what I do through the year.

I plan on continuing to grow my Hive account. I would like to see my account hit 25K Hive power by the end of the year. I have a feeling I will probably meet that goal about halfway through the year, so I will re-evaluate at that point.

I currently have about 1700 invested in LBI and I would like to get that number to at least 2000 LBI.

A while ago I said that I wanted my LEO goal for next year to be 5000. That was before I realized just how hard it is to get LEO, but I am not going to change my outlook. I think I have around 1500 LEO right now and my goal is to have 5000 LEO staked by the end of 2021.

It is going to be hard, and I know I won't be able to do it through writing alone. It is going to take some alt coins popping and some hard work to get to that point, but that is my goal.

I have always had the goal of owning one full BTC. I am going to stick with that goal as well. As the price goes up, it will get harder and harder, but I would like to meet that goal some day.

I plan on holding a variety of other altcoins as well in hopes that they see some upside in the near future. EOS, WAX, BOID, SPORTS, are just a handful of the projects that I have a decent stake in. I know at least two of those tokens are severely undervalued. I know the other two are on the cusp of some big changes that might bring some increased value to the tokens.

My final goal, is more of an indirect link to crypto currency, but I plan on continuing to work with the EOS Detroit block producer to help them grow through what will potentially be an awesome bull year.

Now more than every the potential is there for them to become a major force in the blockchain world. I am so happy and blessed to be part of such an amazing group of people.

So there you go, those are my financial goals for 2021. The only thing I know for sure is to expect the unexpected.


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16 comments
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Hope it's a good year for you. It's hard to know how things will go. The UK has the uncertainty of Brxt and you have a new president. Bitcoin is going mad right now, but that can quickly change. I think HIVE and other coins around this chain are seriously undervalued, but we need more people involved.

We are pretty much okay financially. The main debt is the mortgage and I hope we can put a dent in that soon. You just never know when something else will come up. The kids are earning, but still need some support.

Wish you all the best.

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Yeah, I hear you for sure about the unexpected. I need to start saving some money up into an emergency fund that we can pull from when things happen. If stuff continues to go well, that emergency fund could be all cryptocurrency. There was a good post the other day pointing to the number of people on Hive that are taking their rewards and cashing out each week. If we could slow that down, it might help things with Hive.

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It looks like your on the right path, paying down debt is always a good move. About EOS, I have some that I got before they cut off U.S. buyers when it was like 50 cents. Did any of those airdrops ever amount to anything?

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No, pretty much all of them are worthless now. It is sad too because there was so much potential there. Thanks for the encouragement. A portion of my EOS was purchased at $8 so I am still holding the bag on that one :P

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I don't have much here except for congratulations. It was a no doubt tough year to keep your financial goals.

I talked to my friend at Tesla on Christmas day. He was working, they were moving the maintenance shop over the 3 day holiday.

He said he is now 3 years from retirement. That number goes down as his vested Tesla stock goes up :)

Off financial. GF Nevada is now turning out 1GW per day of battery storage and is 100% automated. No assembly at all, the semi automated machinery all went to GF Shanghai. Amazing stuff.

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Thank you! That is pretty crazy about the whole Tesla thing. I know my brother in law picked up some of the stock, but I am not sure how much. Probably nowhere near what you would hold if you worked for the company!

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My friend told me that a co worker in his exact position on another shift just became and Elon millionaire. Over 2 million in stock. The employees feel they need two million to insure the 1 million designation.

He's about a year out in normal times... And 3 years from retirement.

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That is awesome! Congrats to him! Here I just bought some lousy Radio Shack stock when I worked there!

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Paying off your wife's car and travel trailer and working on paying down the truck... you're on the right track!!! We need to pay the debts down... I have the same financial objective. !t will take some time, but by golly, I shall pay down that mortgaged!
Good luck @bozz. You can do it!!!

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Thank you and best of luck to you as well! I just read your post and it sounds like you have a great plan in place. I hear you about having expensive hobbies. It can be hard to keep those in check sometimes!

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good job with clearing a lot of your dept! I hope in 2021 to succeed in your goals! Happy new year

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Thank you! You as well!

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