Ravings of a Dilettante Capitalist

Regular Bills

(necessity)
Wfs 160 pay 1st of month / due

(entertainment)
Cox cable 50 pay 1st of month / due
Hollywood 25 pay 1st of month / due
SoE 14 pay 1st of month / due

total 249

Variable Bills

Chase (?) pay 1st of month / due
Car Fuel 200 (?)

total 200

All bills

Grand total 449

Must figure out a way to maintain my standard of living while lowering costs..

save $1,000 per month
save $500 per pay period
save $250 per week
save $35.75 per day

goal met!!!

i've actually been averaging over 1,000 per month (more like $1,120.00

Goals
September 11th, 2006
Within the next five years, hope to:

1. Buy a house:

Ideal Criteria:

a. Price- No more than $300,000 depending on future income
b. Large enough to accomodate two children and maybe three
c. Ideal 4 bedrooms for a home office, 3 is acceptable
d. Pool
e. Large spacious kitchen with plenty of counter space and cabinets
f. Large Family/Living Room
g. Location near excellent schools with excellent ratings
h. Near a cultured city/big city ideal
i. Garage/Driveway for two cars
j. An area where there is "Some" public transportation
k. Low insurance rates for automobiles and housing
l. Unattached
m. At least a backyard, not necessarily an acre of land
n. Minimal restrictions for improvements in a community
o. Closer to the North
p. Low crime, both property and against another being
q. dishwasher
r. washer/dryer

Ideal Locations: New England Area/New Jersey (Moorestown)/Maryland (Ellicott City)/Rhode Island/Massachusetts/Connecticut



Within the next ten years, hope to accomplish:

Travel:

A. Europe: Great Britain, Ireland, Germany, Austria

B. Domestic: Boston, Hawaii, Cross-country vacation: Grand Canyon, Sedonia Arizona

C. Other: Australia, Carribean, Egypt

Children:

hope to have two children in the next ten years and start a college fund for kids

Within the next fifteen years, hope to accomplish:

A. Owning our own business: a Bed and Breakfast

B. Owning a summer home

Continuous: Continuing to build on our retirement funds....

budget '06

earnings per year 28,080.00
earnings paycheck gross 1,170.00
net: varies

per pay period:

401k contributions: $144 (citibank)
roth contributions: $166.50 (sharebuilder)
brokerage contribtutions: $150 (sharebuilder)
fun account (short term)(ing direct) 150
fun account (long term) (hsbc) 100
e-savings

bills: (checking)

expenses:
car $80 (total $160)
gas $100 (total ($200)
cox cable $30 (total $60)
credit card $250 (monthly gas plus monthly leisure = $500 monthly limit)


semi-weekly gross 1170.00
taxes (@ 15%) -175.50
semi-weekly net 994.50

retirement savings 460.50
social leisure 300.00
necessaries 210.00
total $970.50

$994.50
-970.50
=$24.00 enter e-savings for misc emergency fund

Muahahaha, I have finally received my credit from sharebuilder for opening an account making a trade. The offer was made through a Costco passport coupon booklet for $65 for gold members and (I believe) $85 for executive members. Since I opened the account I have been making regular contributions to my brokerage account as well as to a Roth IRA I also opened with them. I've heard it said that money that was unearned spends twice as sweet, lol.
In any case I have not been very consistent with my posts (that is a major understatement), but strangely enough it has been from an extreme abundance of material to post. Ironically sorting through everything and giving it a bit of structure has paralyzed my financial scholarly impulses and deprived the public of some sound advice. So for the time being I will say this much my next few posts will include my yearly goals, my yearly budget, and at the end of the year my results. This is going to be interesting.
at some point I will go through some strategies that will limit tax liability, some investment strategies, even financial philosophy (how outre). till then I am headed to bed, bath and beyond (not the store).

After about 3 days of reading through mass financial blogs (having discovered them 3 days ago) i have concluded: 1) I may have caught an addiction for Flogs and 2) I have decided to start my own and share my own financial knowledge so come and take of my wisdom until i have none left to give--you may find it requires little effort. =)