Polliesdividend

My Goals for 2015

After reviewing 2014 in my previous post, it is time to set new goals for 2015. I have experienced this year that writing down my goals is hard.

Which goals to set?
Which parts do I want to change?
Which aspect do I want to improve?

These are big decisions for me.  And when I write them down, it is also a little bit frightful, because I will hold myself accountable and push my self to reach these goals.

So I have been thinking very hard about new goals. I want goals, which are a real challenge, but still are do-able. I am proud that I almost achieved all my goals for 2014. But maybe they were a little bit too easy. So for 2015 I need a little bit more challenging goals. In 2014 I only had financial goals, for 2015 I also set some goals for my website.

Here are my 2015 goals:

1. Receive € 1,750 in dividends during the year of 2015.
In 2014 I received € 1.114 in dividend income. And at the time of this article, my projected annual dividend income is € 1,531. In order to reach my goal I have to add € 219 of annual dividend income to my Vrijheid Fonds. With an average dividend yield of my Vrijheid Fonds of 3.49%, I will need at least € 6,315 new capital to invest. It will be a challenge for me, but I am ready. This goal will help me to come closer to my financial independence.

2. Save 40% of my net income in 2015, averaged monthly.
I want to save 40% of my income from my day job. This goal is way higher than my saving goal in 2014. But because of some changes at home, I think it will be possible. This is a goal I discussed with my wife in our yearly finances conversation. This extra saving will not be used for investing. We are saving for some home improvement.

3. Invest a total of € 5,000 new cash.
In order to let my Vrijheid Fonds grow, it needs fresh cash. My ultimate goal is to live of my dividend Income. Therefore my Vrijheid Fonds needs to grow. In 2015 I feed this beast at least € 5,000 of new capital. This is about 10% of its value.

4. Write a least 50 post on Polliesdividend!
In 2014 I started my blog on Polliesdividend. At first I found it very hard to write a post. This because English is not my native language. And I wanted it to be perfect. But after a couple of posts it became easier. Okay I make an error, so what. I’m not perfect 😉 But writing my investing decisions down helps me to make better decisions. And it also helps me to track my progress.

Another motivation is to network more actively with other investors focused on dividend growth investing. The wider audience and increased traffic to Polliesdividend is a welcome bonus.

This is my 35th post, so a goal of 50 posts is do-able. But on the other hand it is also a goal which will be difficult to achieve. This because I need to find more time to write posts. I have to divide my time between my work, family and my website. It will be a balancing act.

6. Invest in my self by following a course or webinars.
Stephen Covey called it Sharpen the Saw. I think it is important to keep education your self. And of course maintain good health.

For my physical sharpening I will keep going to the gym.
For my mental sharpening I will follow at least 1 e-course or webinar. And of course continue to read blogs of fellow DGI’s and articles on Seeking Alpha.

In 2014 I followed several webinars and read a lot of articles. This gave me new insights on some investing issues. What a present for me it was!

2015 Goals

  • Receive € 1,750 in dividends during the year of 2015.
  • Save 40% of my net income in 2015, averaged monthly.
  • Invest a total of € 5,000 new cash.
  • Write a least 50 post on Polliesdividend!
  • Take at least 1 finance related course or webinair.

I can’t wait for 2015 to begin. I think I have 6 achievable and challenging goals for 2015. What do you think about my goals? Have you set goals for 2015 yet? Leave a comment below.

Cheers,

Pollie

Cheers,

Pollie

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16 thoughts on “My Goals for 2015

  1. M

    Great goals man, i wish you all the best in bulking up those freedom funds! Your dividend goal is about 10x bigger than mine, wow! Here’s to a great 2015,

    Cheers!

    1. polliesdividend Post author

      Thanks for your kind words.
      I think goals needs to be challenging. And i think my goals for 2015 are do-able. I will push my self.
      Your dividend will grow also, if you stick to dividend paying blue stocks. And remember every journey starts with one small step.

      All the best!

      Cheers,
      Pollie

  2. Dividend Diplomats

    Great goals Pollie! I am excited to watch your portfolio grow in 2015. You will be shocked how quickly you will hit $1,750 through DRIP, dividend increases, and purchasing stock. Hopefully I will read about how you are upping the goal to $2,000 soon!

    Bert, One of the Dividend DIplomats

    1. polliesdividend Post author

      Hello Bert,
      Thanks for stopping by. I hope and try to push the limits and it would be nice if I achieve €2,000 in dividend income next year.
      I will keep you posted!
      Cheers
      Pollie

  3. Dividend Diplomats

    Pollies,

    Nice! I’m pumped for you and think you developed goals that are attainable but won’t be “easy”. Do you reinvest dividends? This will help you automate some of that projected income growth you are looking for in that area.

    Looking forward to seeing your goal tracking, congrats on a great 2014!

    -Lanny

    1. polliesdividend Post author

      Hello Lanny,
      Thanks for stopping by.
      With the 2 Dutch stocks i have a DRIP installed (RDS & UL). I’m using All the other dividend for new purchases. So yes i reinvest all my dividend but not always in the same stock.
      At this moment i’m still busy to rearrange my portfolio. A number if sectors are still missing. So in 2015 i will use my dividends probably to buy new stocks.

      Cheers,
      Pollie

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  5. dividenddreamer

    Very achievable goals. The 40% savings rate is quite nice. A high savings rate is, by far, one of the best ways to achieve your ultimate goal—-FI.

    Keep cranking,

    Robert the DividendDreamer

    1. polliesdividend Post author

      Thanks robert for your comment.
      I try to save as much as possible.
      However not all my savings go to my Vrijheid Fonds.
      Some of it go to a mutual account with my wife, for home improvement. And ofcourse a fund for our two kids.

      Cheers,
      Pollie

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