New Year Goals – 2017 Financial Goals
Hi all, seems like every man and his dog are writing what goals they want to achieve in the next year and what better time or place to do that than right here, right now. So this post will talk about my financial goals for 2017.
I have put a little thought into how I want to track my progress over the next year. I might break it up into financial years, so it is easier for me to follow up. For those who are not that familiar with financial year, here in Australia we use financial year which spans from 1st July to 30th of June. So for my goals, I will be focusing on things I can achieve basically in 6 months.
Now that we are all on the same page, lets take a look at what I would like to achieve in the remainder of the 2016/2017 financial year. Here are my Financial Goals for 2017.
Goal 1: 10% portfolio increase
Since my first share purchase in October, I have been able to gain a little over 4% increase in my small portfolio. I would like to increase this by a minimum of 10% by the end of financial year (EOFY), which is by 30th of June 2017.
Goal 2: Invest at least $5000 in the market.
Now that my car has been fully paid off from financing, I believe I should be able to increase the amount I put into my brokerage account every fortnight (2 weeks). This should take me pretty close to 10k in the market in total which is an exciting milestone for me.
Goal 3: Save over $8000 in cash towards my future house deposit
I currently try to save roughly $750 from every fortnights pay to put down towards a house. This is a fair chunk of my fortnightly pay so this is a high priority for myself.
Goal 4: Get Paid My First Dividend
I haven’t been paid a dividend yet, although this one is sure to happen, it will be exciting, none the less. I have already bought a couple shares which I have written a post about; here and here. I should receive a dividend from one of them in the near future I believe.
Goal 5: Average over 50 views on my blog per day.
Now this doesn’t sound like much, but remember this page is not even a week old. It’s in it’s early stages so I hope once it gets going, then people may follow. I believe 50 per day is achievable and I would like to get to that.
Overall, I am looking for personal and financial growth in and out of my brokerage account. I hope everyone had a great new years night and an even better new years day. Discuss below what your goals are for 2017, I am very interested in what others have to contribute. All the best.