Category Archives: Goals

Exciting Journey – From $0 to $100K in Little over Three Years

What an exciting journey it has been!

Wow. I finally did it.
At the end of Sep 2015, my total portfolio value crossed $100,000 and to be precise: $107,741.13. 

How I started it?
I’ve written in depth about my journey: Learning, my Eureka Moment, Learning Re-Jigged, Dividend Investing and Learning to Walk in this article and what a journey it has been! My journey to more than 6-figures value started in Dec 2011 and my first dividend check was received in Jan 2012 and since then, it has been such an incredible journey with fellow investors that we shared, inspired and grow together.

I started with virtually nothing to amassing portfolio of more than $100K+ in assets and my journey is well documented every single month up to cents, cents make dollars, Is’nt 🙂 I committed to myself to religiously put some capital every month and cutting down any unnecessary expenses and living a frugal yet decent life. I opened a dividend re-investment plan (DRIP) with ComputerShare and set up automatic investments every month. Once money grew to a decent size, opened another brokerage with TDAmeritrade to better manage the dividends received in other excellent companies and currently, own close to 50 fantastic companies that keep giving blessings every month/quarter.

I’m targeting $3,500 in passive dividend income this year and so far, I’m on track towards this goal. The checks received are re-invested into the quality companies and that in turn generate more dividend income and this cycle repeats over and over again. Initial snowflakes become an avalanche of snow balls that roll down the hill with increasing speed and gathering more snow in the process, i.e., magic of compounding is triggered and before you realize, dividend income starts to grow on its own and you will be able to cover your significant expenses. Once this income is able to cover all your expenses, you have reached the promised land of financial independence: FI 🙂 Your initial hard work has started to pay off and you can begin to enjoy the fruits of your great work.

Thank you to everyone who stopped by Passive Income Mavericks over more than a year. Although, my journey started in right earnest at end of 2011/beginning of 2012, I only started blogging in March 2014. In short little over 3 years, my portfolio was built from scratch: $0 and now, it is filled with great quality companies that are sending dividend checks on my way, every quarter and every year like a clockwork and on the way, growing those checks by 5-9%.

Appreciate following my journey as we inspire each other, cherish and share those beautiful moments when we reach financial independence.

Full Disclosure: Long on stocks in my portfolio.

Thanks for reading.

My Goals for 2015

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

Personal Goals:
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

Charity Goals:
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.

Goals for 2014

2014 Goals:

  1. Earn Dividend Income of $1000 in DRIP, HID1 and HID2 Investment Accounts.
  2. Get $1000 in Passive Online Income.
  3. Invest a total of $4000 in Roth IRA Accounts.
  4. Earn a total of $2500 in Dividend Income in IRA Account.
  5. Challenge to myself for maximizing 401K contribution. Let’s see the result of it! Keep tuned!! It will be interesting to know :)
  6. Exercise 3 times per week @ 20 minutes.