BOOM! 2016 is officially closed, the I’s have been dotted and the T’s are now crossed. There has been a lot of progress, set backs and steps taken forward in order to achieve goals, have a balanced life and new experiences. I set lofty goals back in December of 2015 for my 2016 year and with the year turning a page to 2017, this means it is now time to reflect on achieving or not hitting the goals established for the year. Let’s see how I was able to perform.
Now that we are entering December, it has been four full months at least since I have begun my maximization for tax-efficient investment vehicles. I have now been able to experience what it feels like to see my earned-cash be invested in the stock market on a bi-monthly basis, knowing where my end goal is. This article dawned on me when I updated my portfolio’s cost basis, share ownership and forward dividend income as I push through the last month. So what does it feel like and what have I learned from maximizing these investment accounts? Let’s find out!
I threw a teaser in my last purchase article by mentioning that there was something else that I wanted to share with the community. Well, back when I was setting my goals for 2016, I pushed myself to achieve at least $3,250 in annual dividend income. You guessed it….my last purchase of Realty income pushed me over this mark and my forward dividend income total now sits at $3,265. Now, I’ll summarize how I was able to knock this goal out with just under two months to spare in 2016.
Welcome back! After my first post, I am hoping things are heating up, especially due to over 12+ comments about strategy part one! I wanted a nice segway into this section, Part 2, on my trip to reduce taxes and invest MORE. This is possible everyone, VERY possible. The first portion of my strategy was to maximize my 401(k) with my employer, which will result, in this first year, a savings of OVER $5,000! However, as you guessed it, it does NOT end there.
6 Months are officially in the books and we are nearing the July month end. 2016 is flying – some highs and some lows, but all are experiences to learn from, that’s for damn sure. There has been a lot of progress, set backs and steps taken forward in order to achieve goals, have a balanced life and new experiences. I set lofty goals back in December of 2015 for my 2016 year and the first 6 months/half year should provide a solid indication if I am on track to achieve the goals established, let’s see the big update!
Very strange article title, isn’t it? To begin, I love dividend stocks to invest in. I love the pursuit to financial freedom and to be completely independent in the decision of what to do with my time. As with that time – happiness is what truly matters, and making a difference in others lives. I want to do that, NOW, Tomorrow, the next day and so on. I want to be able to spend as much time with friends and family as I see fit in my life and to help others that are in need. In doing some “deep-thinking” on how to further expedite this, maximize my money, which buys time, I have changed a strategy of mine. The target? Taxes.
I know I said it in my June Dividend income article as well. But still….HOLY COW, I can’t believe the year is halfway over. This quarter will always hold a special place in my heart though considering I got married in May. Can’t believe that was a month ago too. WOW! After the quarter is over, we like to take some time here and check up on our 2016 goals to check our progress and see if we need to make any necessary adjustments on the fly. With six months remaining, there is still plenty of time to steer ourselves back onto the road if we have started wandering off.