Polliesdividend

My goals for 2017

First of all, Happy New Year to all my readers and fellow DGI’s!!!!

 

 

So 2017 has begun, I reviewed my 2016 in my previous post. So now it is time to set new goals for 2017. I achieved four out of five goals in 2016 and I’m proud of it. So I need new and challenging goals for 2017.

It is always nice to think about my goals. Just sit in a quiet place (and this is hard to find in a household with two young kids 😉 ) and think of what I want to change, what to keep and what to drop.

 

My 2017 goals

1. Increase Dividend Income to € 3,100 in 2017
In 2016 I received € 3.079 in dividend income (incl. €537.85 of super dividend). Unfortunately I don’t receive a super dividend in 2017 ;-(

And at the time of this article, my projected annual dividend income is € 2,850. In order to reach this goal I have to add € 250 of annual dividend income to my Vrijheid Fonds.

At this moment my Vrijheid Fonds has an average dividend yield of 3.11%. If my new purchases had at least the same yield, I will need at least € 8,000 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 day.

 

2. Save more than 40% of my net income in 2017, averaged monthly
I want to keep saving more than 40% of my income from my day job. This is the same goal as in 2016. Not all my saving will be used for investing. We are saving for some further home improvement or a new house and replacing our car. At the time of writing this post, we haven’t mind are mind up: Home improvement of buying a new house.

 

3. Invest a total of € 7,000 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 2017 I will feed this beast at least € 7,000 of new capital. This is about 8.8% of its current value.

 

4. Write a least 100 post on Polliesdividend
In 2014 I started my blog on Polliesdividend. And I still enjoy writing blog posts.

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 a tough goal, because I need to find more time to write posts. In 2016 I did not reach this goal. But I think I can achieve this goal! And in 2017 the struggle to divide my time between my work, family and my website will be huge. It will be a balancing act.

 

5. Keep investing in my self by following a webinar or read two books every quarter
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 webinar or read 2 books every quarter. And of course continue to read blogs of fellow DGI’s and articles on Seeking Alpha.

This goal is a present for my self. I hope to get new insights and investing ideas.

 

Summary
  • Receive € 3,100 in dividends during the year of 2017.
  • Save more than 40% of my net income in 2017, averaged monthly.
  • Invest a total of € 7,000 new cash.
  • Write a least 100 post on Polliesdividend!
  • Take at least 1webinar or read 2 books every quarter.

I think I have 5 achievable and challenging goals for 2017.

What do you think about my goals? Have you set goals for 2017 yet? Leave a comment below.

Cheers,

Pollie

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8 thoughts on “My goals for 2017

  1. Dividend Cake

    Hi Pollie

    I came across your blog last month. Working on the startup of my own blog in Q1. You can read already my 2017 goals there.

    Good luck in achieving yours !! Look forward to read updates

  2. FIP

    Hi Pollie,

    Those are quite challenging goals! I know all about it, having two kids, so reading 2 books in a quarter and saving up 40% of your income can be really challenging! I miserably failed last year due to a huge renovation of our house, but I’ve found my energy back to get back on track on my journey to FIRE. I just wrote a blog about my new goals as well, but they’re a bit less far reaching than yours 😉

    1. Pollie Post author

      I agree that they are challenging goals. And I like to reach for the stars;-)
      Hope you get back on track soon and also reach your goals.
      I will follow your journey through your blog.
      Keep up the good work!

      Cheers,

      Pollie

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