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2017 Goal Update

Review and update goals about frugality, saving, investing, passive income, blog traffic, and travel.I can’t believe the year is already halfway over. It has been flying by. It has been so crazy busy lately, I’m running out of hours in the day. As a DGI investor, we love to look at our old months and compare our progress. Set a benchmark and strive to reach new milestones every month or year. I have been very up to date on those numbers and posts since they are everyone’s favorites, myself included. However, I noticed recently that I have not gone back to reflect on my goals. That is kind of a big deal. How do you expect to accomplish goals when you don’t review them? If you aren’t looking at them for months, you may even forget what goals you have. So I figured with half the year already in the books, I will take a moment to reflect and check the progress of my yearly goals.


If you recall back in January, I posted about my goals for the year. I will take all of those criteria and just add my thoughts on how they are going.


Dividend Income = $800: You can see from my Dividend Income tab, 2016’s dividend income was $530.50. Currently, I am at $387.35 which is 73% of last year. I am easily on pace to surpass last year’s dividends. However, I am off pace with the $800 goal. Easy math states I should be at $400 now. Or $200 a quarter or about $67 a month. But I am still only off by about 3-4% so not too bad. Still plenty of time left to make some more buys and let the compounding do its work. Ideally I want to be able to consistently hit $100 each month and have a $1000 year, but that will take me another year or so to accomplish.


Max out Roth IRA- Self-explanatory goal here to contribute the max $5,500 into this account. So far I am about $3,500 into it. So only about $2,000 to go. I will accomplish this goal but just need more time and capital.


New Capital- My goal was to add $5,000 of new capital into my taxable account. Ideally, new capital will be spent on new companies I do not currently own. So far I have started a position with three new companies. They are Hormel (HRL), Cardinal Health (CAH), and Reality Income (O). These three trades equaled about $2695 of new capital. I also added to one of my positions, General Mills (GIS), and Target (TGT). In these two buys, I added another $1115. In total so far, this adds up to about $3810. Not bad at all since this represents 76.2% of my goal.


Debt Management- If you recall from my last goal update in the beginning of the year, “While last year was big on optimizing and growing the size of my portfolio. This year will be a little different. With the additional tuition costs of going back to school, money will be tight. Ideally, I would like to pay it as I go instead of taking out a bunch more loans. So while I pay back old debt, I will not be gaining any new debt. The portfolio will not grow as much as I would like during this time, but I will be saving money in the future by not paying interest while gaining valuable skills in the process.”


Simple enough, keep debt low, if not zero, and invest when I am able. I have held true to this so far. I keep my credit card balances low and pay them off each month. Mostly just use them to build cash back. All of my money basically goes into tuition. It is a slow process but with one class a semester I am able to pay as I go just how I planned. This keeps me from having to take out any loans. I am also still squirrelling enough away in the process to make a few more buys and add to the portfolio. Another ongoing goal is to have at least 20 quality companies in my portfolio. Currently, that number sits at 16.


Go on at least one vacation- Everyone has to have a personal or entertainment goal right? With full time work and studying for school, makes it hard to get out. I’ll use a vacation day every now and again but they are usually local trips within the state. I really want to get out and do something completely new. That plan is in motion and I’ll be going to New York for the first time next month! I can’t wait! Two birds with one stone here. First time there so I get to see all of the amazing sights and what else it has to offer. I will also be attending a few days of the US Open, for all of you tennis fans out there. I have never been to a major tournament so that should be awesome. I should try and add or check off a bucket list item every year now that I think about it.


Dividend Daze Website- Take from my last post- “After the creation of the Dividend Daze site late last year, 2017 will be its first full year. I am anxious to grow the site and be a contributing member in the DGI community. My goal is to have 3-4 new posts per month.”


So far I have been keeping true to this. It takes time to build a website, especially with so much other stuff on your plate. I have been very active in the community, especially on commenting on other people’s blogs. You can see a few of my favorite blogs on my blogroll, even though I find great new ones everyday as well. Just about every month this year so far, my views have been going up, but ever so slightly. This month I am way down though. I blame this on my lack of activity since I have been so busy and haven’t had time to put in for a week or so. I need to be better at this. On a positive note, my rank on Modest Money’s Top Financial Blog List has been steadily increasing. At the time I wrote this post I am sitting at 343, a new personal best. If anything, that is a small indication that my site is getting better.


The blog is still new, less than a year old, so takes time to build. Need to learn and develop SEO, create quality back links, post often, build a subscription list, be active on social media. Some of these I have been doing well at, others not so much. My social media is lacking so I need to step my game up. Inset plug here: Feel free to follow me on Twitter and Facebook as well as subscribe to receive updates when I post something new. You can also find this info in the widget bar on the left side of the screen or by the comment box at the bottom of the page.


OK, now that we got that out of the way, I wanted to mention one last thing, monetization. This is all the rage right now in the blogging world. Creating income from your blog, supposedly passively. It is still a big time commitment so I wouldn’t consider it passive. And if you notice, monetization is not part of my goals. While I would love to make some money off of it to at least cover its expenses of owning and operating the site, or being able to put a little bit back into the portfolio, that is not really what I am focusing on. I would rather make a quality site with accurate information, that can help benefit others by providing useful knowledge and experience. Doesn’t that sound like a good mission statement?


As of this moment, I can’t think of any new goals to add. This is a pretty comprehensive list. But by reviewing the data and progress so far, this gives me a good idea of what I need to do and where to go in order to achieve my goals.


What are you goals for this year? Have you achieved any yet already? Are you on pace for your goals? Is there anything I should add to the list that I missed? Do you agree with these or should I not be focusing on any of them? Any fun vacation plans this year/ summer? How is your website doing and what are you doing to better it? Can you see your efforts working? Anything on this site that you like, don’t like, or could improve upon? I would love to hear your thoughts. Feel free to comment below.



    1. I agree. Quarter ending months have been giving me around $100 this year so that is half my year goal in 1/4 of the year. Still need to make a few more buys and I should be fine. As always, thanks for the comment!

    1. Thanks Lance. I have done pretty well so far, but still lots of year left to go to make more progress. Thank you for stopping by and commenting.

    1. Thanks Duke! Always appreciate the support. Feel like I need to do something special now for the 1 year. Guess I have a lot of time to think on that.

    1. Thanks Erik. Glad I am still on the right path even though I haven’t really thought about it much. Just need to keep sticking to the strategy. Soon enough the 1 year will be here for both of us! Looking forward to it.

  1. You’re doing really well goal-wise. I particularly like the one where you’re going to New York for the first time and combining it with a bucket-list “attend the US Open” item. I think it is really important to have such “softer” goals and not just a bunch of financial measures as goals. I’ll be adopting something similar for my 2018 goals post!
    FerdiS recently posted…LTC: A Monthly Dividend Offering a Growing PayoutMy Profile

    1. I am so excited to go there. Should be a great time. I also plan on walking around Wall Street and the financial district since I’m a nerd like that haha. I think it is important to have financial, personal, and professional goals to make you a more well rounded individual. Glad you are adding to your goal list. I look forward to seeing your updated list next year. Thanks for your comments!

    1. Yeah it isn’t too bad. Just wish I had more capital to put into some new buys. Give me a little boost. Thanks for stopping by!

    1. The first half of the year is usually pretty slow for a lot of people. The second half is when everything ramps up. It’s crunch time and more companies probably announce dividend increases. Everyone wants to end the year on a high note. Thanks for your comment!

  2. Daze –

    Nice progress so far. I think with one more big purchase you’ll hit your investing and dividend goals, no doubt and then obviously keep chipping away on the remaining IRA amounts. Keeping the debt low, is also key, and it’s amazing that as a student you are able to persevere and keep at it. DON’T LET UP!!!

    Dividend Diplomats recently posted…Lanny’s Q2 2017 Goals UpdateMy Profile

    1. Thanks Lanny. Just can’t wait until school is over with for good so I can put more capital into my investments. Time in the market means a lot. But the degree will help with earning power going forward. Just need to pick and choose what to put the capital I have into. Too much I want to buy and not enough capital haha. I know everyone is the same way probably. As always, I appreciate your comments.

    1. That’s right. At least you already have the site up and running. So that is already one goal you can cross off as completed! Looking forward to seeing what you come up with for goals. Thanks for the comment.

  3. Div Daze, I forgot that you started last year. So did I. You’ve clearly made great progress in that time. Good luck over the next year or so in reaching $1000 in annual dividends.

    By the way, I’ve never heard of Modest Money Financial Blog list. I’m going to check them out. I just tried registering my blog, but we’ll see.

    Have fun at the US Open next month. I’m officially jealous.
    Dividend Portfolio recently posted…2017 Goals UpdateMy Profile

    1. Yeah I’m glad there are a few blogs like yourself that started around the same time as me. I’m getting close. 1k should come next year if I can keep making buys. Maybe I’m just a nerd but I just like having the Modest Money badge on the site. It auto updates itself with the new rank every so often. Does look nice for building credibility I guess. And I can’t wait until the Open! Going to be a blast! As always, I appreciate your comments.

  4. You are not kidding when you say that you spend and have been very active in the community, especially on commenting on other people’s blogs. It´s amazing posting a blog post, and getting comments. That´s for sure one of the goals I need to work more on. I do like your goal for the income, and also that you say (I will reach it in a year or two). That´s a relaxed, passive and wise way of thinking. As to the portfolio, I think 30 companies is good enough. That´s my goal for 2017 (27) now).

    I think you are doing a great job. Investing in yourself is way more important that getting rich in the future (in my few). Keep doing what you are doing. Stockles is cheering for you!
    Stockles recently posted…Stock Analysis of H&MMy Profile

    1. Thanks for the support Stockles! I always appreciate your comments. It is funny you can see a big change as far as traffic goes on the months you are active vs when you are busy and can’t comment or spend as much time on the blog. 30 companies is a great goal reach, you are almost there! Just need to enjoy the journey as much as the destination. We will all get there eventually if we keep at it and are smart about our trades. Good luck to you as well!

  5. Great and reasonable goals. You are well on your way. BTW I went to the Legg Mason Tennis classic years back and it was a great time. It’s so cool to see the pros play live! I’ve been on a couple of weekend getaways this year so my vacation goal is done 🙂
    SMM recently posted…Get Quality But At A BargainMy Profile

    1. Lucky! That sounds awesome. The closest tournament I have to me is the W&S open in Cinci. Usually go to that every year. This year will be year 7 I believe? You are right, so cool to see the pros play. They are even better live. Even cooler to snag an autograph if possible. Glad you got your vacation goals all set. As always, thanks for your comment.

  6. You’re on your way! i think it is important to set goals because FI is usually a long way to go. – i like your recent buys, especially O, CAH, and GIS. Rock solid dividend stocks.
    Vacations and travel are great to clear the mind, got new energy and experience something new. It’s one thing where like spending money.
    Have fun at the US Open, it will be great!!

    Best Regards,

    1. Thanks DS! Glad you like all my recent purchases. CAH I couldn’t have asked for a better entry price. O will only increase as the monthly compounding goes on. Your right, FI is a long way to go. Good thing the community is so supportive. Thanks for your comment!

  7. It’s super important to keep track of and update your goals through out the year! I see a lot of people start the year with great goals but fail to keep track of the progress to keep themselves focused. I try to update my portfolio in relations to my goals and progress so I can have a sort of countdown. Keep it up!

    1. That is a smart idea to try to keep everything updated. Or at least keep looking at them to help your focus. I need to review them more often so I can stay on top of them. Thanks for stopping by and commenting!

    1. Thanks Bert! Slow and steady wins the race right? Yeah NY should we awesome. I’m excited for it. We have a few places we want to see. I’m a big nerd so of course I want to check out the financial sector and walk around Wall St. Any suggestions on places I should check out while I’m there?

    1. Thanks! That is why I love blogging. Not only do you hold yourself accountable, others in the community do as well.

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