We have a bunch of financial and general goals. We are pretty happy with our progress on our 2014 financial goals, although our goal of reaching £50 in dividends was only just met at the beginning of December. However, it turned out that we received £69.73 – we beat our goal significantly! So we decided to try and reach for £125 in dividends for 2015. I also compiled our list of more general life goals into a table. We also put them into a desired timeframe. Check out the end of this page for the table!
This is the first step in us starting to work towards these goals; to write them down and put them onto a rough timescale. We have made a document for each goal, and we are going to fill in some kind of a plan as to how we are going to achieve each of the goals. Clearly, some of them will be easier than others, e.g. earning more in dividends just requires us to put more money into high quality dividend stocks on a regular basis. Other goals will be more difficult – how do we get a small country estate?! This would require £2,000,000+ according to some I’ve seen locally… I guess we’d better get hustling for side income!
Goals for 2015:
To earn at least £125 in dividend income To save more per month and put into dividend shares (target to beat £165 p.m. i.e. ca. £2000 p.a.) To save £250+ per month for travel and holiday expenses To save money for Christmas by July (£375)
Too easy. For 2016, we will have to really up our game!
Goals for 2014:
To earn at least £50 in dividend income (2013 was £26)ACHIEVED 3rd DEC!! – CUTTING IT FINE, M! To re-mortgage to a cheaper deal (currently on BBR+1.69%)
- To save more per month and put into dividend shares (target to beat £100pm) managed £1615 as of August 25th 2014, and still have four months to go ’til the end of the year, yay!
- To save money for Christmas by October (£175 for gifts, £200 for food and petrol to visit family)
- To save 6+ months in emergency fund
|Build sheds out of pallets, compost bins, etc||Short||2 years|
|Get German up to C1/C2||Short||2 years|
|Learn sewing/dressmaking etc||Short||2-3 years|
|Learn German||Short||2-3 years|
|Visit USA||Short-Medium||2-3 years|
|Develop allotment: Fruits, herbs, garden area, veg, water solution||Short-medium||2-4 years|
|Visit Baltic countries||Short-Medium||3-7 years|
|Run our own business||Short-Medium||5 years|
|Visit Iceland||Short-Medium||5 years|
|Visit Israel||Short-Medium||5 years|
|Visit Japan (in 2020?)||Short-Medium||5 years|
|Visit Scandinavia||Short-Medium||5-8 years|
|Learn the piano||Short-Medium||5+ years|
|Learn Japanese to B1/B2 level||Medium||5 years|
|Live in another country (Germany, USA, other)||Medium||5-10 years|
|Renovate an old property||Medium to Long||10+ years|
|Become income independent (dividends, shares, property, I.P.)||Long||17 years|
|Build an eco-house (against an old wall)||Long||20+ years|
|Get small country estate||Long||20+ years|