
Below are the goals I set at the beginning of the year:
- Reach 600k in market value for my DG portfolio
Failed. Portfolio is around $540k. I sold part of my holdings to pay a larger than expected tax bill and also used some proceeds to fund a rental property purchase. My portfolio didn’t recover quick enough to get to 600k. I don’t plan on purchasing any rentals this year so I can put a lot more into my portfolio. - Reach $21,000 in forward 12-month dividends
Achieved 12/30/19. Forward dividends barely broke through the $21k mark. I have some calls I sold on AT&T “in the money” that expire in January which I don’t plan on rolling forward so the forward dividend will take a hit in January unless I can replace this high yielder. It will likely be after April before I can start reaching new highs in this area.
- Earn $20,000 in dividend income
Failed. I hit $18,104 in dividend income for the year. However, this is 30% higher than the income from 2018 so still a win. When I sold some stocks around April it hurt my dividend income for several months and I didn’t recover in time. - Increase Net Worth to 1.1 M
Failed. Net Worth is currently at $1,069,000. I missed the goal by $31,000. I plan to really watch my expenses closer in 2020. - Buy
twothree rental properties
Achieved. Technically I did buy three properties but I sold 1 so the net was 2. I’ll call this one a win. I now have 7 rental properties.
Rental profits after maintenance & vacancy expenses are $2675/month. This is a nice chunk of change and can cover a lot of my normal expenses. My ultimate short-term goal is $6,000/mo passive income from real estate plus investment accounts. - Reach total forward passive income of $45,000
Achieved. I’m at around $53,000 in passive income. My 2020 goal is $55,000 and 2021 Goal is $65,000.
Well I hit 50% of my goals. Not great but I’m not too far off on the ones I failed at. I had set some fairly lofty goals. I’ll have to think about my 2020 goals so I can realistically hit them all this year.
I hope everyone else hit their 2019 goals for the year!
Very impressive on the passive income goal.
Thank you and thanks for stopping by!
Man you’re crushing it! Even the goals you “failed” on you still had some tremendous improvement on. We ended up not really setting any goals/targets for 2019 and with 2020 on the doorstep I don’t expect to be making any major financial goals. 2020 will be much more about quality of life and personal goals which I’m more than happy to be going after. Best of luck in 2020!
JC recently posted…One Piece At A Time | Week Ended 12/27/19
Thanks JC,
I did set some lofty goals. I thought I might be able to hit them but had some personal things that came up. I also haven’t set my goals yet for 2020 and will think harder about those because I want to hit all my goals in 2020. As you mention, I still made lots of improvement so it’s not something to be unhappy about.
Good luck with your goals and Happy New Year!
That is some awesome progress! Using money from your portfolio to buy a rental property probably doesn’t count as a “loss.”
Relentless Finance recently posted…House Hacking Your Way to Financial Independence
Bro – post more! Am a big fan and check in here often … I like your style and your tactics are very similar to myself. Keep the content coming!
Love the updates, bud. Keep em coming though!
Hello,
I am updating a post on FI and FIRE bloggers net worths’ (a la JMoney aka J$), and I have his blessing.
Would you like to be included? If so, I would be happy to include your net-worth number of $1,069,000 and link to the following post: https://allaboutinterest.com/2019/12/2019-goals-how-did-i-do.html (I will be sure to note this is as of Dec 31, 2019)
If you have a specific link you want me to link, please include it!
You can see the post on my blog here:
https://fewandfirebetween.blogspot.com/2021/01/compilation-of-fi-and-fire-bloggers-net.html
Thank you,
Into the FIRE
Into the FIRE recently posted…Should I put money into my Roth IRA or begin a Traditional IRA?
Into the Fire,
You are welcome to use that number. It’s still very close, currently may be slightly higher. I’ll try to get an update soon.
Cheers,
AAI