Has 2010 been good to you? For some of you, it may have been great, and for some of you, it may have been tough, but surely, we are all hoping 2011 would bring better things our way, especially when it comes to money.
We at DailyMarkets.com ask some Americans what their top 3 money or investing goals are for 2011. This is part 1 of our special year-end series.
Who: Dan Nainan
Location: New York City
Job: Comedian (Dan has performed at three presidential inaugural events, and has just performed for Donald Trump. You might also have seen him in an Apple commercial last year with Justin Long and John Hodgman.)
“Number one, I’d like to continue to increase my credit rating. I have a great score of 755, but I’d like to achieve perfection.
Number two, I’d like to double my stock portfolio. Most of it is tied up in Apple (NASDAQ:AAPL) right now, which I think is going to do great, but I want to get a little bit more aggressive and perhaps play some call options on the stock.
Number three, I’d like to buy a three-bedroom apartment this year in Manhattan.”
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Marc Aarons Location:
Atlanta, GA Job: Entrepreneur
(Marc is a Jamaican by birth, fitness junkie by habit, environmentalist by circumstance, and entrepreneurial vagabonder by choice.)
“My top 3 money management goals for 2011 are:
1. Save 6 months of living expenses.
I plan to save 6 months of living expenses because I’m an entrepreneur. All my income comes from websites I’ve developed. As such, my income fluctuates from month to month. Having 6 months of living expenses would take off any pressure from the proverbial “Oh no what if my business blows up this month”.
2. Quintuple my business income
I plan to quintuple my business income to move from financial independence to financial freedom. In ‘independence’, my income exceeds expenses. However, in ‘freedom’, my income grows faster than my expenses. With independence, I live within my means. In freedom, I expand my means.
3. Save a $5,000 “S*** Happens” Fund.
The $5,000 fund is for random stuff like major car repair, family member in need of assistance or any old random thing that comes up.”