One of my favourite personal finance bloggers is Budgets are Sexy- he makes personal finance well, sexy and fun. He started a Million Dollar Club where you can pledge your mini-goals to reach the ultimate goal of a million dollars.  So I decided to join the Million Dollar Club.  Nothing like having your goals out in the public eye to make you stick to them, right?

Besides, that badge is really cool looking- so I wanted it on my sidebar. Kind of looks like the Fred Perry logo that they have on those $75 golf shirts, maybe Budgets are Sexy can start a new brand! The Million Dollar Club (catchy, huh?)

Because I’m 20-something and of the generation Y blood, I don’t want to be working until I’m 65. I want to have it all- enjoy life, save money, spend it on things that give value to me (e.g. TRAVEL!) and also as Rich Dad Poor Dad says: make my money work for me, not work for my money.

So without further adieu, here is my pledge in order to reach my goal of $1,000,000 net worth. Man, when that day comes, you better believe that I’ll be enjoying a good drink (maybe some Silver Patron?) to celebrate! (I must have TI’s You Can Have Whatever you Like in my head). In the meantime, I’ll be livin’ it up to Having Whatever I Like, Weird Al Yankovic style in order to work hard, spend less, and achieve my goal of achieving millionaire status.

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If you were wondering what everyone else’s financial resolutions in the personal finance blogging realm were, look no further.

In no order of importance, here are a random assortment of PF bloggers resolutions for 2010.

Here’s to a great financial year!!

• G.E. Miller of 20something finance writes about 10 financial resolutions that are actually easy to keep.  My personal favourites are planning your meals one week in advance and trying to save a years worth of emergency savings.
• Michael from Dual Income No Kids (love the acronym) talks about his 2010 goals including a dream of his to open up a bar with his friend
• J. money from Budgets are Sexy plans to pimp up his finances and reach a networth of $200,000. I’m down for that, but at half his amount for 2010. =)
• Simon Zhen of Realm of Prosperity writes about his financial goals for 2010 including saving up for a DSLR
• Studenomics talks about why new years resolutions are stupid and what you can do instead (instead of telling yourself you’ll do something, just do it! don’t wait.)
• Kelly at The Centsible Life has the thorough approach in which she talks about her resolutions for her blog and for herself
• Jeffrey at Deliver Away Debt is also doing the monthly networth update thing (it’s fun. honestly) among other personal finance goals (emergency funds seem to be a common theme. I should get on that.)
• J.D. Roth at Get Rich Slowly doesn’t do resolutions, but he does have a goal.  He only has one financial goal for 2010 and it is to keep up the good work (I wish I was in his boat!)

Enjoy reading! I know I did. Best of luck to all in achieving your 2010 personal finance goals, resolutions, hopes… or whatever you want to call them.

If you liked reading this, you might want to check out:
youngandthrifty’s 2010 Financial Resolutions

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Happy New Years- hope everyone had a good one.

I can’t believe it’s 2010 already.  When I was younger, I always thought we would be flying around Jetsons style already by 2010.  With a new year, comes new resolutions. New goals and hope for a new year.

I know, I know, new years resolutions are kind of lame.  No one REALLY keeps them anyways. 

But maybe financial resolutions are easier to keep.  Somehow for me, it’s easier to work on financial resolutions e.g. save 10% of your monthly income than to remember to go to the gym three times per week, or to floss every day (uh oh, was that too much information?)

I think I’ve come a long way since last year’s financial resolutions.  I told myself I would automatically move a certain amount of my monthly income to a savings account (the advice David Bach’s Automatic Millionaire talks about) and I got my butt together and did that. It was pretty easy too. Just put seperate it and forget about it. I wanted to buy a place last year too, but didn’t end up doing so (despite the all time lows of mortgage rates) because I wanted to save more for a downpayment.

For 2010, I have a few more financial resolutions:

• Continue to calculate my networth every month (knowledge is power!  I have asked for all the client access log-ins from my financial advisors- to their dismay- so am tracking my finances much more closely)
• Regain the money I lost in bad investments- I had entrusted  my hard earned cash to some risky investments when I didn’t know any better (venture mutual funds, flow through shares, Investors Group mutual funds) and want to regain it.  In total I think I am down about $10,000.  I hope to do this by being more active and aggressive in my equities.
• Max out my RRSP and TFSA Iam hoping to max out my RRSP I can utilize the $25,000 allowance for First Time Home Buyers
• Reach a Networth of $100,000- This should give me enough leeway for a downpayment and extra money to play with
• Buy my first home – Hopefully the mortgage rates won’t skyrocket next year and hopefully the prices of Vancouver homes will come down to realistic prices (check out MLS.ca to see which closet you can get for $350, 000).

 How about you?  What are your financial resolutions for next year?

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2009 is coming to an end.  I can’t believe it’s been a year already… I can’t believe we’re heading into 2010!

(Vancouver is going to be a gong show in 2010, by the way with the Olympics.  I just know it.)

Here’s an update on my financial status:

Total Net Worth: $79,300

Here’s the breakdown:

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