Sunday, August 17, 2014

 

Yesterday I wrote about goals that Carole and I are setting. The financial goal that I’m setting now is to purchase a second rental property by the time that Carole earns her master’s degree. We purchased a new home in Petaluma soon after I transitioned from federal prison to a halfway house. Since then, property values have soared. Prior to our move from Northern California to Southern California, Carole and I found a wonderful family who agreed to a long-term lease. Since our first real estate investment worked out so well, we want to repeat. We’ve set a goal to work hard and save so that we can purchase a second rental property within the next six months. With two rental properties, both financed on 15-year terms, we anticipate that we’ll make up for lost ground with regard to our preparation for retirement. By the time we’re 65, both of those properties will be debt free and generating income to supplement our retirement. The goal of purchasing a second income-producing property within before May of 2015 is Specific, Measurable, Attainable, Realistic, and Timely, making it a SMART goal.

 

Days since my release from prison: 370

Miles that I ran today: 8.62

Miles that I ran so far this week: 8.62

Miles that I’ve run during the month of August: 90.28

Miles that I ran so far in 2014: 1,600.74

Miles that I need to run in order to reach my annual goal of 2,400 miles: 799.26

Miles I’m ahead of schedule to reach my 2,400-mile goal by the end of 2014: 89.64

My weight for today: 168