Sunday, 15 October 2017

I'm 50 this week - NEW GOALS







Hi folks

I turn 50 on Wednesday and instead of moping, I have decided to set myself some goals.

My Goals:

1. Running - To go from Couch Potato Esq. to running for 30 mins daily within 30 days. This will start in the morning at 6:00 am - 6:30am every morning for the next 30 days. I intend to walk 29 mins and run 1 min on day one, walk 28 mins and run 2 mins on day 2 and so on and so forth till I run the full 30 mins on day 30.

2. Write an eBook on Debt Reduction - The consumer debt reduction journey has been my most significant personal journey over the last few years and I want to write about it and share it, not as a financial book, but as a normal bloke talking openly about it.  I will be devoting 30 minutes each evening to writing this until it is done....and then I'll have to figure out how to get it onto Amazon etc. This goal starts tomorrow evening and will continue daily till it is done. You all will be the first to know when it is done.

3. Resume losing weight - I have done so well and have now stalled, so need to keep going. I will resume my frugal weight-loss regime that was working very well and keep updates happening. Luckily I have only put on a very small amount which will be simple enough to shift and continue losing. I need to get to 80kg (176.5 pounds) in 40 weeks.

4. Become Financially Independent - it sounds like a bit of a  hype buzz-word, but I can now see that there is a large, quiet and sensible community of folks worldwide taking this very seriously. I will be 67 in 17 years and need to ensure that my income streams will be well in place before then. I simply will not be able to do the work I am currently doing into my 70's, nor can I wait till then to create new streams of income, so I need to start now. Total retirement is not a very big motivator for me, so I will need to create income streams that will keep me engaged well into old age. Step 4a is to devote 30 minutes each day to educating myself on multiple income streams and how to create them and keep them healthy. Step 4b will be to track my savings to ensure a nest-egg of sufficient size is invested by the age of 67 to cover all living expenses and be maintained to leave a legacy for my daughters when I eventually choof off.

5. I intend to live till I am 110.  I just decided this recently.  I believe with a combination of emerging medical technology and research, a commitment to excellent eating habits, a commitment to physical exercise, a commitment to loving relationships, an excellent GP, an interesting and brain-stimulating way to create income, a non-focus on retirement (in the classical sense) and an increased interest and commitment to contributing to my community/country/world should do the trick. I have just decided to live (really live...not nursing home live) till 110 - so there! I have wasted 40 of the last 50 years in so many ways and thus I intend to have those 40 years back  - I intend to have my time over again which means I'll have to live till I'm 110 and that's that. I'm determined to do it, and if I don't, then I'll die trying ;-)

Have a great week ahead folks

Take care and stay nice.

Mr HM (Phil)


49 comments:

  1. Happy Birthday for next Wednesday, Mr.HM. There is nothing like a significant birthday coming up to make one plan for the future. Just remember if you live to be 110 you will outlive most of your GPs :-) My mum lived to 97 and outlived all of hers except for the last one.

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    1. Thanks Nanna Chel. I am changing GP's this week actually - she is younger than I so I might set her the same challenge!

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  2. Happy birthday Phil!
    I am sure you will accomplish all your goals. Goal #1 will help #3 also.

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    1. Thanks Nil. Yes you are right. Did my 30 mins this morning and feeling great!

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  3. Happy Birthday....it's great to have such clear goals to focus on

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  4. We started working to hubbies retirement for eight years before the day arrived. We are now debt free, have a decent car, our home is in good condition and we have enough to live on. Hubby has always paid into pensions all his working life. It enabled me to retire at 61, instead of the changed age of 66, the government has screwed all ladies around my age by delaying the government pension for 6 years. Happy birthday, can't wait for your book.

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    1. Mrs HM and I sat down and crunched the numbers recently - it was pretty interesting actually. We figured if we have to be in the workforce for another 17 years we had better get organised now.

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  5. Happy Birthday Phil, I will be 50 in November.
    Good set of goals there, you can achieve them all.
    I did my books with the help of my son.

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    1. It's an auspicious year then! Happy Birthday for November. An older friend told me its all uphill from now! ha ha. I also will need some help with some of these goals from my daughters re technology etc. Children are very useful like that.

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  6. I have just found your blog today. Happy Birthday. Inspirational goals - looking forward to hearing about it as you carry them out and reach your potential.

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    1. Welcome Jean! It is lovely to have you. Your blog over at https://allotmentadventureswithjean.wordpress.com/ looks great too

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  7. Happy 50th Birthday Phil! Excellent goals.

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    1. Thanks Sandra :-) Your new blog over at https://welcomehome-sandra.blogspot.com.au/ has a lovely clean look - really nice work.

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  8. Happy 50th Birthday for Wednesday Mr HM.
    Kylie

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  9. So that's what you look like! :)
    Great goals indeed Mr HM, I'm still moping from turning 40...5 1/2 years ago! Maybe you'll give me the inspiration to get out of this funk! I especially like the last one..."I have wasted 40 of the past 50 years and I want them back"! In some areas that is me also, probably most of us really. I'll enjoy following your journey.

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    1. Sorry I'm not easier on the eye Cheryl - ha ha!! I figured it was time to show my ugly mug to the world. These goals are designed to stop any regrets - I think they will work a treat. I did my 30 mins this morning and loved it.

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  10. The BIG 50, halfway to a century. Happy birthday for Wednesday!! Sounds like you have a clear plan for your next 60 years, not just goals but ways to to achieve them. Enjoy those birthday celebrations ... I'm thinking there will be cake as I've seen some pretty delicious looking cakes on this blog. Meg;)

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    1. Thanks Meg. There is some whispering going on amongst the family....I'll just have to be patient!

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  11. Happy birthday Phil, my son will be 15 on Wednesday!

    Putting a small amount of time to your goals each day is a great idea, it's too easy to think we don't have much time and therefore do nothing!

    I'm glad you are doing the e book. When you wrote recently about creating more streams of income I immediately thought you should be writing - you are a fine writer and it creates an income stream that keeps going once the writing is done.

    Madeleine

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    1. Thanks Madeleine. It is really the discipline of sitting down and writing that has stopped me writing before....I was waiting for a spurt of inspiration, which of course will never come - so it is back to 30 mins a day disciplined writing to get the job done.

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  12. Oh Phil, congratulations for your big day. Continued success and a happy life are my wishes for you.

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  13. Happy 50th! I love your walking/running goal, I may just try that - although just walking 30 minutes a day for 30 days may be my goal - bad knees and all that!
    I’m afraid my body is going to pack up on me before I reach real old age. I don’t want to get really old, just farly old!

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    1. Thanks Joolz. Bad knees are a worry. Mrs HM has inherited bad knees and I'm not sure there is a cure aside from a replacement op'...

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  14. Happy Birthday for Wednesday :) Long time reader, first time commenter. I would also like to thank you. Since reading we have reduced our credit card debt from $12,000 to $3,500 paid off by christmas this year. On one smallish income with 4 small children. So thanks again. Stumbling across your blog really did change our lives. Maybe i will one day take you up on the offer of sending you our budget ;)
    I hope the girls create you an amazing cake. Casey

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    1. Casey - thank you so much for taking a moment to comment. It is success stories like yours that spurs me on to write this disjointed little blog. That credit card reduction is truly significant! If you can conquer that debt, you can truly do anything. I think credit card debts are the hardest ones to smash. Your comment has made my day. Phil

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  15. Happy 50th Birthday for Wednesday, hope you have an awesome day!
    love your goals
    thanx for sharing

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    1. Thanks Selina - you are such a faithful follower of my writing from way back in the House Of Simple days too.

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  16. Long time reader but first time commenter.
    Happy Birthday for Wednesday Phil.
    I turned 50 a few years ago and on the day I thanked my lucky stars my late Father made my 16 year old self sign on the dotted line for the SSS defined super scheme which will see me retire at 60 with a defined benefit fortnightly pension.

    I very much enjoyed reading your recent post about The Ideal Budget - something similar is the only method that has ever worked for us, the 50/20/30 rule

    Have a great day on Wednesday.

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    1. Thanks so much for writing in KellieL. I so agree about starting early. Your 50/20/30 rule would be a ripper too - you should share the details with us all sometime :-) . Those SSS schemes were certainly generous and great advice from your Father too!

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    2. Needs to be simple for us to follow it - we are not very budget conscious people but have always put money aside every pay.

      50% - mortgage/bills/groceries
      30% - all savings, long and short term
      20% - spend

      We originally started at 15% spend and 35% savings but did not work for us, anything less we found too restrictive and like a diet, soon as we could not have it, we had to have it and blew the budget out.

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    3. Excellent! You are so right, it is finding that balance and then sticking to what works. Thanks so much for sharing this with us.

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  17. We share a birthday!!! Happy birthday to us!

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  18. Have a great Birthday and I look forward to reading about the next 60 years if I'm around that long!

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    1. Thanks Sarah - You'll be around - make it a goal :-)

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  19. Happy 50th! I have just found your blog and have been enjoying reading earlier posts. Great goals, I just turned 40 a month ago and had similar thoughts running through my head! Enjoy your special day, what a lucky guy with all those girls around to spoil you!

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    1. Thanks Belinda! Happy 40th for you too. Yes I feel very grateful for such a great family around me.

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  20. Happy 50th Birthday Phil for tomorrow. I turned 60 in June so I know all about milestones! Regards from Shona in Queensland

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    1. Thanks Shona! Great to hear from you.

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  21. Happy 50th birthday Phil. Great goals to aspire to. Loving the musings you are putting forward well worth pondering

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    1. Thanks Janine - and I'm glad you are enjoying the blog

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  22. Have a fine day, upon reaching your half century. Quite an achievement. My husband and I, are 7 years behind you, but I know that half century will arrive quicker than we think, too. I like your goals. I share, two. :)

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  23. Hope you had a wonderful day on Wednesday. There is a really good app - Couch to 5 which gets you running 5km without stopping. I applaud your goals, especially, 2, 4 and 5, in fact I love 5. Good Luck achieving it. You have inspired me to sit down, have a serious think and write myself 5 goals to work towards and give myself a time limit to achieve them too. Cheers Lyndie

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  24. This might be a big ask Phil but would you be able to post on the meals you are eating to lose your weight? I know you cook mostly from scratch and to be honest i would appreciate any help to get my weight down after putting on 3 stone since our son died. Thanks very much

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    1. Hi Karen.
      There are three simple principles to my regime (which is slow and steady)
      1. stop eating sugar (of any kind)
      2. stop eating wheat (in any form)
      3. build muscle (lift things regularly)

      That's it. It does not cost a cent to do these three.

      I am happy to do a post on this including meal example etc too - now worries. I will plan to do a post on this in the new year.

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    2. Thanks very much Phil. I do like things to be simple. I appareciate your reply

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