Wednesday, June 12, 2013

Getting Started

It's official. I've decided to work as hard as I reasonably can to save up enough money to purchase a vacation home at The Ritz, Atlantic City. The Ritz is a 320 unit condo building that sits on the Boardwalk in Atlantic City at Iowa Avenue, next to the Tropicana Hotel and Casino. I've always wanted a place down the shore, and Atlantic City is less than an hour drive from my front door.  I love visiting Atlantic City, and a unit at the Ritz is within my budget. Walking out my front door onto the sand would be a dream come true for me.

I would like to go into this investment with at least $40,000 cash. I am estimating a period of two years to reach this savings goal. I plan to reach it by saving all of my overtime money from work, and all of the rental income my roommate gives me. I'll be limiting my time going out to eat and drink as well.

I'm starting this online journal to share my progress with anyone who cares to follow it, in hopes that if I begin to stray from my goal that friends and family will give me encouragement to stay the course. This will be hard for me because I have always enjoyed going out socially and spending way too much money on food and drink.  With a little discipline and willpower, hopefully these two years will go by before I know it. Wish me luck!

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