Better late than never right? Even though its almost the end of March, I wanted to write down a list of objectives and goals to work towards for the end of 2015. If you are interested in reading about my prior years goals you can find them here.
Goal 1: Contribute between $3500 and $4000 a month of my salary to Dividend Growth companies
This would be a continuation of last years goal. I'm going to leave the dollar amount exactly the same because I was unsuccessful in 2014. Although I was able to save $39,117 , something in which I am very proud of. It still did not meet my overall goal of saving at least $42,000. I feel pretty confident that I will meet or exceed this goal this year. Last month I paid off my car which will give me the ability to save an extra $500 more each month.
Goal 2: Have $120,000 invested in Dividend Paying Equities
Last year I was too conservative in my estimates for this goal so I decided to really reach for it this year. At the end of 2014 my dividend portfolio was worth $71,650. So between my contributions and capital gains the overall portfolio would need to increase by $48,350. If I add at least $3500 a month that would total $42,000 in new contributions leaving the rest to be made up with increase in prices.
Goal 3: Have $5000 in future annualized dividends by the end of 2015
With the recent decrease in ESV dividends this next goal is going to be a tough one to hit. I would love to have over $5000 in future dividends by the end of 2015 Currently I am just over $3400. So with only 9 months left in the year I would have to contribute $45000 at an average dividend yield of 3.5%. Only using the new funds from my salary wont accomplish this goal. I will have to use funds from other investments..
Goal 4: Lose 20 pounds
This is one goal that I have been frustrated with for a very long time. I am overall pretty healthy person and workout or exercise 3-5 times a week. My biggest issue with losing weight is that I love food. I love bread, pizza, ice cream, etc. I don't take the necessary time to prepare a healthy meal for myself, I snack a lot, and make poor choices.
Goal 5: Spend less time on the computer and phone
Overall I feel that if I spent half as much time on the computer it probably wouldn't change my overall investment philosophy. At this point I have a pretty good idea of what positions I need to continue building, so spending more time researching companies would only take away time from my family. I have a feeling of always needing to be connected. So this year I would like to try and spend more time with the things that are important, my wife and kids.
Goal 6: Cut out the fat!
Although I am already saving quite a large amount, I still feel there is room for improvement. For instance, I have been a long time subscriber of stockcharts.com, of which, was costing me over $250 a year. Some would say that is a small price to pay, but there are so many free charting softwares that I decided to give up my membership. I have decided to make the switch the freestockcharts.com which gives me almost 95% of what I used over at stockcharts.com and is 100% FREE.
So what do you think of my goals? How do they compare to yours?
If you find this post to be valuable, consider leaving a comment and visiting a few of our sponsors who have offers that might be relevant to you.