2021 Financial Independence Goals

 Having a blog is fun thing to do. You can write about your favorite subjects, or anything really.  Your blog keeps memory of your thoughts, ideas, memories, goals.  I can also review what I promised. I have been consistent on meeting my financial savings and investments but not so much on development, which I am convinced is the key.

 

Looking at my income stream and assuming it will remain the same I need another 15-20 years before I can reach the financial independence.  While it is quite a long time away one of my real concerns is to get ready for the second life – what to do, hence the development is important. Quarantine time gave me insight into spending time at home.

So how can I make my goals achievable? I think that I need to scale back. If I can do more -great.

 

Financial goals:

a. Save 20% on the income - Accumulate $25 K a year.

b. Chose where to invest it and when.

 

Blog:

a. Regular monthly updates.

b. To cover 6 themes on financial independence.  

 

Educational:

a. Read 3 books from the list.

b. Publish the books reviews.

c. Corporate finances to study in detail.

 

- Be happy.  Run 600 miles during the year. BMI at 26.3 by December. Loose 2.5 pounds a month.

 

What are your 2021 goals? Is it something you recommend I do more or stop doing?

2020 Financial Independence Goals review

 This extraordinary year came to the end.  My portfolio went up by 15%.

Financial goals:

- Save 20% on the income - Accumulate $25 K a year and invest it either in one of the existing funds or new one. – This goal is only partially complete. I accumulated $24 K but not invested. The markets are all time high, so it is no point to invest it now. I have not selected where I want to invest them.

 

Portfolio:

- Develop additional income source in full, potential reward about $2,000 a year. Target sites to be developed in full this year.  This is “make it or break it”. If I am not able to do this year, I will wind down niche sites and focus elsewhere.  My personal preference is to make it, despite disproportionate amount of time I might spent. – This did not happen. The main financial independence site generated some income. However, combined niche sites did not reach $2K a year. I need to re-focus the time elsewhere.

 

Blog:

- Regular monthly updates. – This complete.

- To cover 6 themes on financial independence, including mortgage one.  –  This goal is complete. Networth change past 10 years,  Mutual funds spreading, The rich vs. Poor, Junior ISA, Market Charges, Dividend Aristocrats,  Four percent rule.

 

Educational:

- Read 12 books from the list.  – Read only two. One of them is Enough by John Bogle.

- Publish the books reviews.  – Complete for the books that I read.

- Corporate finances to study in detail. – This did not occur.

 

- Be happy.  Run 1,000 miles during the year. BMI at 26.3 by December. Loose 2.5 pounds a month. – Ran only 240 miles. I thought that last year with 253 miles the lowest possible one.

 

What are your 2020 goals? Is it something you recommend I do more or stop doing?

 I need to think how to make this year goals smarter and to make sure that I will complete them.  How was your year and the goals achievements?

December 2020 update ($684,298 +$32,954 or +%5.1)

↑ Financial independence savings for last month $2,000

↑ Emerging Markets Stock Index Fund is up by $6,430 or +4.4%

↑ Eurozone Stock Index Fund is up by $2,160 or +1.6%

↑ US 500 Stock Index Fund is up by $3,588 or +2.3%

↑ Global Small Cap Index is up by $9,162 or +6.9%

↑ Fidelity Growth Fund is up by $998 or +1.7%

↑ EUR is up to USD by $7,237 or 2.5% for my portfolio

↑ GBP is up to USD by $1,379 or 2.3% for my portfolio

Grand total additions: $32,954 USD