Goals for 2019 & 2018 recap

  So 2018 is officially over. I hope everyone had a great year and achieved all of their goals! It’s been a crazy and active year over here at All About Interest.

First let’s see how we did on our 2018 Goals.

2018 Goals: 

1. Reach 500k in market value for my DG portfolio, at $375k end of Dec. 2017. (Done and posted 09/05/18) This was a huge goal that I wasn’t sure I could meet. I crossed the 500k mark much faster than I thought but the portfolio dipped back below the 500k mark in December. There will always be ups and down in the market.
2. Reach $13,000 $18,000 in forward 12-month dividends. (Done and posted 12/13/18) I upped this goal a LOT from my initial goal mainly because I was using options to juice my portfolio. This year I won’t have as much capital from new options since I already have a decent amount of leverage there. I broke through the $18,000 mark in December.
3. Earn $11,320 in dividend income , 40% increase from 2017. I actually earned $13,919 for the whole year but didn’t make a post about it. This was also a Success!
4. Increase Net Worth to 750k, I know it says I hit this in 2017, which I did but I’m adjusting real estate values to a more conservative number. This was also completed, I never posted about it but my Net Worth at the end of 2018 was 960k. 4/4 so far!
5. Buy two more rental properties, making the total 5 rentals. (Done)  (Rental #4 was bought and posted 05/11/18, Rental #5 was bought in December and posted 12/14/18)

This was a huge success. I met all 5 of my goals for the year, and blew past most of them!

New Goals for 2019:

Reach 600k in market value for my DG portfolio
My portfolio took a hit in December as did pretty much everyone’s. While I don’t care as much about the total value as the dividend income, it’s still a metric I’m going to track. It should still go up over time.

Reach $21000 in forward 12-month dividends
This means increasing my forward dividends by about $3,000 annually.  This also equates to a portfolio valued at 600k yielding 3.5%. That’s really my aim this year.

Earn $5000 in options premiums
I’m going to be tracking options premiums and hope to break this number.

Earn $19000 in dividend income
This is more than 50% higher than my 2018 goal.  This might be a challenge but with forward income already well over $18k I think I can manager this one.

Break $45000/year in total forward dividend + rental income
This may be a real challenge but I love challenges and something to strive for!

Buy two more rentals to equal 7 total rental properties
This will depend a lot on the market. What I mean is that prices here haven’t gone down and the interest rates to finance property have gone up a lot. It’s hard to hit my requirements for cash flows but we’ll see.

Increase net worth to 1.16 Million (960k to start the year)
At current income levels this should be achievable.  With market volatility this one is a wild card.

Produce 1 article per week for my blog, 52 articles in total.
My blog viewership has gone down a lot since i quit posting as often, this isn’t a surprise. I’ve just added an SSL certificate so you’ll notice the http(s) now in the address and it doesn’t say it’s not secure now. I’m going to get more serious about documenting my journey this year as things have settled down somewhat.  

How’s everyone else doing on their goals for 2019? How did you do in 2018?

My goal update posts can be found here.