Credit Report...

So in an effort to continue reaching for our financial freedom, I ordered my credit report to see how bad things were. If anyone is interested you can get a free credit report each year from Transunion, Equifax, and Experian from http://annualcreditreport.com. They charge extra if you want to receive your credit scores, but it's a good way to check out your credit history.

After getting over my fear of knowing I have horrible credit, I pulled up all my reports and it turns out my credit is not so bad after all. I have a couple of things to take care of, but all in all it didn't look as bad as I thought it would. I have some discrepencies that I need to take care of, but nothing that will keep me from reaching our five year goal. My wife by the way does not have to worry about these problems. Anyway I am feeling much better about getting our finances in order and meeting our goals.

Net Worth?

Today I've decided to start keeping track of our net worth. I think it will be a great way to keep us focused on were we are going and motivate us in our journey to financial freedom. I've been checking out a couple of other bloggers who use NetWorth IQ, so I may look into it. It's free anyway so it can't be too bad. Hopefully our net worth is not too depressing.

Our 5 year plan

Hope everyone had a safe and happy July 4th. The wife and I worked on our five year plan over the past couple of days.

Here are some of the goals we came up with:

1) Get out of Debt! Especially credit card debt
2) Have Children
3) Invest for Retirement
4) Remodel Kitchen
5) Landscape our yard
6) Get in Shape/ Lose weight
7) Learn a craft or hobby that will bring in more income
8) Continue my education, College and Investments

We have already started working on paying off our debt and have worked on a 5 yr budget that will allow us to not only pay off our substantial credit card debt, but will allow us to be finacial free, so that we can get into a bigger house and rent our current cozy little house out for some passive income. The other goal we have already started working on is investing for our retirement. I have gone back to college to work on a business degree and am trying to read everything I can on finances and investing. I will continue to post our progress as we meet our goals.