"Goal: Be a Millionaire
Step 1: Save $2 a day."
--How to Set Goals and Reach Them by Joy Browne
The rationale: We achieve our goals by taking baby steps. Indeed, that's how I wrote a book this spring/summer. I gave myself a small goal each day and was astonished by the process: My daily commitment produced a manuscript.
On a bad day, I typically met the minimum small goal; on a great day, I accomplished far more than the daily quota. There is --I discovered --a lot value in momentum and daily habit.
Therefore, I'm setting a daily goal of saving $2 each day. I'm going to find a concrete savings plan each day, stash the cash in a bank and then invest the funds at the end of the year.
On a daily basis, I will post where, why & how much I saved on my blog. On Saturdays, I'll post my $2-a-day-account around midnight. On days that I can't post, I'll post a day-by-day update at a later point.
At the end of the year, Aug. 19, 2008, I'll decide where to invest 90 percent of the funds and give 10 percent to charity. My first post will be made tonight: shortly before midnight.
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