A Step Closer

Two weeks ago I purchased another unit, and it pushed me a little bit closer to my target number ten (10). Some years back I entertained the idea of reaching that goal by 2010, and with the continuous growth with my small enterprise, I am well on target.

Last week I was about to acquire another unit, but the price was a bit higher so I negotiated for a lower price. The deal seem to succeed at first, but it did not feel through for some reason. The reason why I would like to lower the price is the fact that ROI would be around 2 years, and it would put additional burden to my financial budget.

If I invest something at higher value, the risk is higher thus the emotional stress is also higher. The opportunity will of course be locked in my favor, but I can't afford the emotional burden. So if the the price is not lowered at my stipulated amount I am not buying. The opportunity cost is just not enough of a consideration.

The components that were factored in where; opportunity cost, emotional stress, financial overstrech, ROI.

Goals for 2009

1. Inspite of the expected slowdown in the national and international economy, I am still upbeat that the slowdown will simply be a slowdown. If you are moving at 100 km per hour, then a 90 km per hour is a slow down, but it is still not slow.

I have a small business which is my bread and butter, and I have set my annual growth goal at 150%. The goal was actually set two years ago, and my projection is that the financial meltdown in the west will not affect my local enterprise, because the small rock are usually not wavered by the strongest storm.

2. I also have a new baby, which is my entry into the real estate business, and my goal for this year is to build another 8 room building.