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Home » $100,000 in 1 Year

1 Year, $100,000

Submitted by on January 17, 2014 – 9:28 pmNo Comment

This time last month I had no intentions of creating new years’ resolutions. That’s because I see all my goals as ongoing, and every day an opportunity to move them forward. But last night, around 3 am as I lay tossing and turning with too much on my mind, I was struck with the idea to set the really, really big goal I had set a couple of months back, into action, and blog about it.

The Goal: $100,000 in the Bank to Launch a Small Business

By this time next year. As in January 17, 2015.

$100,000Now this will be no small feat. I currently earn a little over $85K, which may sound like quite a bit to some folks, but I live in Silicon Valley, land of the $1 million dollar 3 bedroom, 2 bath ranch house. And, even if I saved every penny and had no taxes to pay, I still wouldn’t meet my goal. I have roughly $1300 in savings. I have some hefty debts to pay off. I have an 8-year-old kid to support. Etc.

Where to begin…?

Well, I’ll begin right here.

Years ago, I stumbled across Wishcraft: How to Get What You Really Wantone of those books you see on Oprah. Actually, I may have discovered it on Oprah. I don’t recall. But the one of the main ideas of the book was to put your goals and dreams on paper and they will begin to manifest themselves. I put down my goals – at the time roughly 20 (the book suggested 3-5). Some were big (buy a home) and some were small (get a new cel phone). By the end of the year, I’d hit nearly half of the them. Within 3 years I’d accomplished 3/4 of them. I don’t still have the list, but today I’ve reached all but one (to race in the Daytona 200).

So right here, right now, I’m putting down this big goal down on paper, or rather, a sort of digital paper.

Now, to craft a plan…

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