What are your financial goals for next year (2018) ?

[LizOB]

Save 25% of gross income

Buy a minivan in cash (have the cash sitting in savings, just haven't pulled the trigger yet)

Beef up emergency fund in anticipation of another unpaid maternity leave late 2018 or early 2019 if all goes according to plan

I polished off the student loans in 2017. Makes all of these goals so much easier :-)

[Physiciancouple.com]

Paying off our two car loans (34k and 35k left) and never having a car loan again.

Using the money that we previously were spending on car payments to accelerate the payoff on my wife’s student loan (aka the debt snowball).

[bravotwozero]

Max out 401k, backdoor roth and HSA accounts.

Save up money for a 100% cash buy on a house. Amazing what you can do once the student loans are gone..

[Lithium]

1.  Track annual spending for the first time

2.  Max out everything, build up taxable accounts

3.  Read ten investing books

4.  Fix up House and yard

5.  Sell house unless new tax bill changes the capital gains rules

6.  Bike everywhere within 25 miles.  Get into mountain biking

7.  Travel more - two international trips, 400 mile bike ride, and at least three camping/hiking trips in the nearby national parks

8.  Figure out what to do with all the credit card rewards I've built up

9.  Work as little as I can get away with

10.  Move Roth IRA from Scottrade to Merrill Edge for $300 bonus

11.  Continue decluttering, sell stuff I don't need online or donate

[White.Beard.Doc]

Financial goals for 2018 for an active later career MD.

1. Continue to invest aggressively in stocks and bonds every month. ( I have this on autopilot.)

2. Maintain the current level of investments in cash and cash equivalents without increasing it. (The current level of the market scares the heck out of me and it feels like there is nowhere to hide, so I have 10% of my net worth in cash equivalents which I could live on for years if two bad events occur simultaneously, the market tanks and I lose my income.)

3. Deleverage by aggressively paying down remaining debt on investment real estate to further increase monthly passive income.

4. Pay off remaining mortgage on primary home slowly over 5 years, rather than quickly given the post tax effective mortgage rate of 1.48%, allowing me to maintain a very high level of liquidity.

5. Go on two more amazing international trips with spouse/family.

6. Spend some money on enhancing fencing for the gardens at home to keep out the aggressive deer, to grow more food, and to allow a new chicken coop that will keep the foxes out.

7. Keep mountain biking every day to maintain a clear head and a healthy body so that I can continue productive work for some more good years.  Skip morning bike ride in the woods only for a heavy downpour or a critically important early morning hospital meeting, limited to a maximum of one meeting per month.

[kingsnake]

take more vacation next year...and otherwise just keep the ball rolling.

[Craigy]

Save down payment/build a house/sell old house.

[ITEngineer]

NJDoc wrote:

 

8) Resist the URGE TO BUY A BIGGER BOAT!

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9) Buy a bigger boat an invite your PA friends over to enjoy it 8-)

[Re3iRtH]

Thanks everyone for sharing! Some great motivation there.

Would anyone else like to contribute on this?

[Sneezy]

1. Save more than I spend

2. Complete a 50 mile foot race

3. Read 50 books

4. Get my spouse more up to speed on where we are and what to do if something happens to me

5. Make less money than I did this year (and work less!)

[FIREshrink]

We do close to 15 in a tent so we r looking to add weekends and a couple week long trips in the trailer. Ski and snowshoe weekend, summers at the beach and so on.

[Complete_newbie]

Biggest goal: Reach 60k/month income (combined with wife).

[Antares]

FIREshrink wrote:

Spend 30 nights in a tent or my trailer. It’s a financial goal because I already spent the cash on the trailer so I better make it worthwhile!

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Nah, it’s a sunk cost. Don't do it unless it’s fun for you!  

[Arkad]

Pull the plug and retire in early 50s and don't look back. Medicine has been a great career but the increase in rules, regulations, EMR, etc have taken all the enjoyment out of it.

[DrMoneyTails]

Financial goals for 2018:

1. Pay off remaining of car loan and become debt free

2. Max HSA and 401k

3. Save down payment for house

4. Buy a house and leave debt free status

5. Travel more