Sooooo here is my post about my goals for 2018. But to understand the goals of 2018 we first need to look at my goals of 2017:
- Investigate and start with investing (passed): After extensive researching the types of investiging strategies and making a complete switch from ETF to dividend growth investing I purchased my first (dutch & US) stocks in februari of 2017.
- Make monthly deposits to be able to purchase stock (passed): After discussing my plans with my wife we decided to start out with €250,- monthly deposits. Fortunatelly I have been able to make larger contributions in a few months to accelerate my portfolio.
- Find ways to save on gas usage (passed I guess?): There are two major gas spenders in our household. The first being me and my long showers. For Christmans my wife gave me a small waterproof clock that I could mount in the shower. This shortens my time in the shower. The second being the use of hot water downstairs (awashing off/hands/etc). It takes a long time for the water to travel from the attic to downstairs so this is costly. Last week (ok technically not in 2017) we installed a Quooker that instantly provides hot (boiling) water so it does not use the water from upstairs. Since its costs about 20 Watt on average this is cheaper then gas (in a few years).
- Find ways to save on electricity usage (passed): I have redone every light in the house with LED’s. Next to this we implemented various methods for saving on our electricity bill. We received €200,- back and lowered our monthly cost.
- Check our insurance policies (passed): Done, we redid our insurances and are now saving over €450,- a year.
- Reduce part of our mortgage (passed): On the last day of the year we made a deposit of €7800,- on part of our mortgage. This will save us next year €343,20 in mortgage (tax benefits will lower this amount).
- Receive a day salary via dividends €130,- (failed): One of the few goals that I have failed. I was it too ambitious regarding the amount I would receive so I made about 68,3%.
- Invest €2.500 (passed): I ended the year with a portfolio worth of €5300,- due to additional buys and a side hustle.
- Write at least a blog post once a week (failed): I made a total of 43 posts since starting this blog on the 2d of september 2016.
Well there you have it, I’m pleased about the results I could manage last year.
My new goals for 2018:
- Receive €200,- in dividends: Self-eplanatory, I need to step up my game with quality buys to attain this goal. In the previous year my total amount was €88,79,-
- Increase dividend portfolio to €10.000: This means my €250,- amount per month will definitely not cut it. I need to renegotiate with my wife about our deposits and side hustle lot more (crypto’s anyone?). I need to add €5700,- of capital (actually somewhat less as I reinvest all my dividends received)
- Increase forward income to $450: As my current forward income sits on $210,67 I need to more then double this amount. Fortunately I have two more months this year since I’m starting immediately in January.
- Write a blog post once a week: Same one as last year.
- Spend less time with my phone: I installed the QualityTime app and it scared the bejesus out of me. Spending more than 3 hours on my phone?!? What the hell was I doing? Well no I know so I can spend time on what really matters.
- Spend more time with my family: My family matters, in fact they are the main reason why I do what I do and work hard towards financial independence.
- Read 12 self-improvement books: I need to constantly work on myself to improve myself. This means reading a lot (next to relaxing lecture) about ways to improve myself either personally or professionally. I’m currently reading: “The single best investment: Creating wealth by dividend growth” by Lowell Miller.
- Exercise 2-3 times a week: Next to keeping my mind sharp I need to keep my body healthy as well. Regular exercise, eating healthy and getting enough sleep are all part of this goal. I will also run at least two obstacle runs this year as well.
So here we are, my second set of goals since starting this blog. I really believe in the power of goal setting, so this will be my guide for the coming year.
Thanks a lot for taking the time to read this, its actually my longest blogpost ever :).