This year it took me a little
bit longer to come up with financial independence goals. The journey continues
but at a slower pace. I am with the same company but on a half of the salary,
doing more hours than ever before.
Focus in the coming year will
be on sharpening and developing new skills and knowledge to move on.
Than you think about it - over 25% of our income goes towards
mortgage, house bills and property tax, I need to adjust now.
Financial goals.
- Accumulate $10 K a year,
with $4k of them towards long term house maintenance.
- Portfolio – go 0% cash for
savings as of end 2016. Generate $10K in
dividends. Portfolio to be $430 K by end of the year.
- Develop additional income
source in full, potential reward about $2,000 a year.
Blog:
- Regular monthly updates.
- To cover 6 themes on
financial independence. Two of them : mortgage, 30 year forecast scenario.
- Publish easy tracker for
the long-term portfolio performance.
Educational:
- Create list of books to
read - 12 books is minimum.
- Read the books.
- Publish the books reviews.
Family Budget:
- Stay under 110% of 2016 budget. Increase is due to additional
cost of commuting.
Be happy. Run 1,000 miles during the year. Keep BMI below,
target 26.5 (current 27.7).
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