Check the financial goals set per year (from 2019 until reaching financial independence 10-15 years), as well as the monitoring and review of the objetives set.
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2023 Financial goals
We start the new year with new objectives, these are the goals to be achieved in 2023:
- Increase dividend income compared to the previous year
- Reach 170 thousand euros in portfolio valuation
- Produce €15000 or more in passive income from our dividend portfolio (gross dividend)
- Reduce the margin to less than 30% of the assets
- Set the yearly contribution of my retirement plan to €1500 ✅
- Write the monthly summary in this blog
- Update the information of companies already published on this website
- Translate generic web pages into English
- Translate monthly overviews into English
- Translate American companies into English
- Add 12 new companies to the web
- Create an emergency fund of 200 euros per month
- Publish the stock market schedule for 2023 ✅
- Fill out and submit form 720 ✅
2022 Financial goals
We start the new year with new objectives, these are the objectives to be achieved in 2022:
- Increase dividend income compared to the previous year ✅
- Reach 130 thousand euros in portfolio valuation ✅
- Get in dividends €4000 o more (gross dividend) from our Spanish portfolio ✅
- Get in dividends $4000 o more (gross dividend) from our Spanish portfolio ✅
- Reduce the margin to less than 30% of the assets ❌
- Set the yearly contribution of my retirement plan to €1500 ✅
- Write the monthly summary in this blog ✅
- Update the information of companies already published on this website ✅
- Add 12 new companies to the web ❌
- Create an emergency fund of 200 euros per month ❌
- Publish the stock market schedule for 2022 ✅
- Learn to fill out and present the 720 form ✅
2021 Financial goals
Third year of the strategy, it is still early for the IF, but the results are already noticeable, the goals for 2021 are:
- Increase dividend income compared to the previous year ✅
- Get in dividends €3500 o more (gross dividend) from our Spanish portfolio ❌
- Get in dividends $2500 o more (gross dividend) from our Spanish portfolio ✅
- Set the yearly contribution of my retirement plan to €2000 ✅
- Reach 100 thousand euros in portfolio valuation ✅
- Update the Google Chrome extension Mooney ❌
- Read a book monthly ❌
- Write the monthly summary in this blog ✅
- Create an emergency fund of 200 euros per month ❌
- Monitor income / expenses / savings ✅
- Remove margin in Interactive Broker ❌
- Publish the web / app to manage the dividend portfolio ❌
- Learn to fill out and submit the D6 form ✅
- Pay less commissions than the previous year ✅
- Update the information of companies already published on this website ✅
- Add 12 new companies to the web ✅
- Publish the stock market schedule for 2021 ✅
2020 Financial goals
The goals for 2020 are:
- Increase dividend income compared to the previous year ✅
- Produce an average of €100 in dividends monthly ✅
- Produce an average of €115 in dividends monthly ✅
- Publish a Chrome extension to check the portfolio value ✅
- Exceed the amount of €1000 per year in dividends ✅
- Read a book monthly ❌
- Increase the monthly contribution of my retirement plan to €150 ✅
- Reach 15 securities in our portfolio ✅
- Acquire securities from foreign markets (ie. EEUU) ✅
- Write the monthly summary in this blog ✅
- Pay less commissions than the previous year ✅
- Create an emergency fund ❌
- Monitor income / expenses / savings ✅
2019 Financial goals
We started our first year in 2019, below you can check our goals for this year:
- Increase dividend income compared to the previous year ✅
- Produce an average of €50 in dividends monthly ✅
- Earn an average of €75 in dividends monthly ✅
- Generate more than €500 a year in dividends (after taxes). ✅
- Exceed the amount of €1000 per year in dividends ❌
- Read a book monthly ❌
- Create a webapp to manage my portfolio, dividends, etc ✅
- Pay off all micro loans before the end of the year ✅
- Saving money for our wedding (we’ll marry next year) ✅
- Increase the monthly contribution of my retirement plan to €125 ✅
- Increase our portfolio by more than 5 securities ✅
- Write the monthly summary in this blog ✅
- Run my first own business ✅
Long-term financial goal
Achieve financial independence (have enough passive income to exceed my monthly expenses) to be able to dedicate time to what I want, my hobbies, my family, friends,… or in other words, to escape the rat race.