Goals

The End Goal:
The end goal is to become financially independent. This allows me to chose whether I want to work or not, as well as what I want to work on whether I get paid a lot or a little.

The Method:
I am looking to provide myself with different streams of passive or semi-passive income. For now that stream of passive income is mostly coming from dividend paying stocks. And since I do not need the dividends at this time I reinvest them, which slowly grows my ownership and helps my compounding snowball of dividends. Eventually I may diversify into real estate investments or find alternative streams of income.

The Progress:
2018 goal:
- Get $$ from side hustle 1.
- Get forward expected annual dividend up to $18,000 or more
- Collect $17,000 or more in dividends this year.
- Aim for contribution of around $4000/month after taxes to individual account.
- Set up LLC and make at least $10,000 in profits.
- Max Roth, max 401k.

2017 goal:
- Read 4 books on investing.
- Get $$ from side hustle. Earned around $9,0000 of side income.
- Get forward expected annual dividend up to $10,000, $12,000, $14,000 or more Forward expected is $14,849.96
- Collect $12,500 or more in dividends this year. Collected $13,688.70
- Aim for contribution of around $3500/month after taxes to individual account. Contribution was about $4,479/month of average.
- Aim for savings rate of 65% or more.Stopped calculating exact percentage to focus more on increasing income. Savings rate is still over 60%.
- Max Roth, max 401k.

2016 goal:
- Read 4 books on investing.
- Get $$ from side hustle. Earned around $12,500 of side income.
- Get forward expected annual dividend up to $8,200, $10,500 or more Forward expected is $11,608.13
- Collect $9,500 or more in dividends this year. Collected $9,883.89
- Aim for contribution of around $3500/month after taxes to individual account. Fresh contribution (no transfers) was about $3,880 a month on avg.
- Aim for savings rate of 60% or more. Got a savingrate of around 67% on average.
- Max Roth, max 401k, max HSA.
- Open solo 401k or sep ira? Failed, I did not start a side business yet.

2015 goal:
- Read 4 books on investing.
- Get forward expected annual dividend up to $6,800, $7,800, $9,000 or more Forward expected is $8,761.19
- Collect $8000 or more in dividends this year. Collected $7,873.45
- Aim for contribution of around $3500/month after taxes to individual account. Fresh contribution (no transfers) was about $3,250 a month on avg.
- Aim for savings rate of 60% or more. Got a savingrate of around 61%.
- Max Roth, max 401k, max HSA.

2014 goal:
- Read 3 books on investing.
- Expand investment tracking over all accounts and build future projections.
- Start tracking income, expenses, cashflow, savings rate and net worth.
- Aim for savings rate of 50% or more. Got a savingrate of around 63% on avg.
- Get rid off remaining managed investment account and transfer to self-directed account.
- Aim for contribution of around $3000/month after taxes to individual account. Fresh contribution (no transfers) was about $3,500-$4,000 a month on avg.
- Get forward expected annual dividend up to $5500 or more Forward expected is $7,617.
- Collect $4000 or more in dividends this year. Collected $4,777.
- Max Roth, max 401k.

2013 goal:
- Open an individual investment account (taxable).
- Take Coursera course on Introduction to Finance.
- Read 2 books on investing.
- learn more about dividend growth investing.
- learn more about etf investing (Boggleheads, Vanguard, lazy portfolio,...).
- Start tracking investments, dividends.
- collect some dividends, make an investment plan.
- diversify brokers and investment accounts.
- Max Roth IRA, max 401k.

2012 goal:
- Get started with investing.
- Open a Roth IRA
- Contribute the maximum to Roth IRA
- Start 401k
- Contribute to company match to 401k
- Learn more about investing.
- Try papertrading
- Try paper-day-trading