Typically, I start thinking about goals in last couple of months of the year, Nov/Dec, where I’ve some visibility how far I’ve come in that particular year and therefore, have a better picture for the new year. I would like to set ambitious yet achievable SMART goals that will bring me closer to being financially independent in 12 yrs. I started my FI journey in later part of year 2011 and this year 2015 will be my year #4 towards FI, when I hope to be a free bird and passive income covering all my expenses.
I began my journey with a humble investment of $50 in late 2011 and now, my Portfolio has crossed a milestone mark of $50K. This DGI community has been very supportive in my journey, encouraged me to achieve it and I hope to inspire other readers out there that it is possible to achieve your dreams, however, humble beginning it is, but, start you must today!
Without further ado, here are my goals for 2015:
Financial Goals (FI):
Goal #1 – Receive Dividend Income of $3500 in my Porfolios.
Goal #2 – Earn $1500 of Passive Online Income
Goal #3 – Receive a total of $3000 in Dividend Income in IRA Accounts
Goal #4 – Invest a total of $5000 in Roth IRA Accounts
Goal #5 - Contribute $15000 towards 401K Account
Goal #6 – Make 2 family vacations and road trips in Continental US
Goal #7 – Read 2 Investment Books
Health Fitness Goals:
Goal #8 - Exercise 2 times per week @ 20-30 mins
Goal #9 – Contribute 25% of online passive income to Charities
I also perform a mid-year review of my portfolios and overall goals in June/July to see how goals are going and fine tune for the rest of the year, if needed. Mostly, I keep the goals intact but if there are wide deviations between actual realized and targeted goals, I make small adjustments, however, emphasis is still to strive to achieve challenging goals set at the beginning of the year.
What are your thoughts on my goals ? Do you have any challenging or out-of-the-world goal set for this year, would love to hear
Thanks for reading.