Time for me to put it on paper. I have to do this and it will force me to stay on target. I did not come out with a goal article this year. I wanted to keep it simple and knew I wanted to place around $45,000 into the market this year. However, things happen during the year that altered, not the amount, but how I get there. Early on, quite a bit would have been through tax-advantaged accounts, but due to an event this year, I don’t have that option (which I will explain). Therefore, I am aiming to achieve $7,200 in forward dividend income by December 31, 2018 in my taxable account.
Now that the first quarter is behind us, it’s time to check in on where I currently am at with my dividend portfolio. I want to share the current state of my dividend portfolio, related to market value, forward-looking dividends, yield and yield on cost. Additionally, I’ll describe the activities; such as, contributions, dividends received to date and the like. I thought this may give a great snapshot of where I currently am, the progress into this year and if I like the trajectory for the year. Time to check out the state of my portfolio!
Wow… another year, down. I know it’s cliche and that every day is just that, a day. Whether it’s 365 of them or 450, but at least the calendar is there to check progress towards your goals. I set goals last year in January, to blaze trails and do more what I’m passionate about. 12 months, 365 days, 8,760 hours (and you get the drift) have passed and it is that peaceful time to check in on the full check on my 2017 goals. Time to dive right in.
We all establish goals for next year around this time, through the mid-point in January, typically. We are motivated, passionate and ready to blaze trails. I LOVE IT! I love the energy that a new year brings and the motivation that you get when you start thinking of everything you want to accomplish. It’s lifting, refreshing and it’s new. However, it’s also hard! Of course, goals would not be goals if they were easy to attain. Hard work is what it’s all about. At the end of every year, I realize something new about my goals from that year, each time. I am thankful as hell that I set my goals higher than ever, such as what I did for 2017. I want to dive in the benefits of setting lofty goals and the impact the goal setting has on more than just yourself.
Three quarters are officially in the books! What does that mean for dividend investors and those pursuing financial independence? This represents a great opportunity to review your goals and progress that has been made. The year has come and gone in the blink of an eye, and with only three months remaining, we better make every minute count! Through this point in the year, I will be able to identify if I will or will not achieve my goals, for the most part. This also provides one last chance to change or alter my actions, in order to achieve the goals I set almost one year ago.
This quarter I want to try something different. Sure, I set my annual goals back in December. Those goals are the big goals that I want to make sure I can accomplish over the course of twelve mounts and they are supposed to take time to complete (which they definitely are). However, that doesn’t mean there aren’t a ton of other short-term goals that I want to accomplish along the way. During the fourth quarter, I want to create some shorter term personal finance and life goals that I also want to complete over the next three months. Some are large and some are small. But all will have a meaningful impact if I can accomplish them.
The first six months definitely have been fun, interesting, lessons have been learned, passions explored and a renewed focus has developed. I cannot wait to look at the half of the year coming up, sort of in a “the glass is half full” kind of way. Learning more about yourself/oneself in a much more rapid pace, but still focusing on the areas that make me happy, as well as the true goal of financial independence. This quarter marks another quarter closer to these goals and I’m excited to talk about what progress was made.