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Can’t believe January is almost over. This year is already going by fast. I try to publish my yearly goals as soon as the year starts, but I have been too busy making buys for my portfolio. If you missed it, I purchased O and ABBV earlier this month. With two quality purchases already under the belt, this year is off to a good start.
Last year I accomplished a lot of goals so I had to keep re-evaluating them throughout the year. I also started making blog goals as well as personal finance goals. Going forward, I will try to keep all goals in a single post. Easier to keep track that way. My last goal update is posted here, but you can always read up on my current goals here. Let’s take a look at some of last year’s goals and see how we can improve upon them.
Dividend income = $800 (Success $864.48)
Last year was huge for me for dividend income. I hit a new record total of $864.48! Thank you compounding dividends!
Max out Roth IRA (Success 12/1/2017)
Self-explanatory about maxing out tax advantage accounts. I was finally able to max this account out ($5,500) in December. Cutting it close, but still goal accomplished.
New capital– (Success $5,249.11)
The goal was to contribute $5,000 of new capital into my taxable account. I just succeeded again but by a small margin of about $250.
Debt management – (Success)
Do not have any new debt while paying off old debt. I somehow was able to save up enough to pay new tuition payments without having to take out more loans. Not a fan of debt if I can avoid it.
Dividend Daze Website – (Kind of)
Having 3-4 new posts per month was the goal last year. It is hard to judge exactly since some months were greater, and others less. For example, I could post 5 times in a month but 2 in another. I would say average wise, this is a success.
All in all, I think I was pretty successful in slaying my goals for last year. Upon reviewing and setting new goals for 2018, I am pretty much in the same place in life as I was then. And most if not all of those goals still hold true. So not too much is going to change on the financial end. But I also will probably add a few to the blogging side. Here are my 2018 goals.
Dividend income = $1,000
The goal last year was $800. I was able to achieve this which means the bar needs to be raised. This year I will be aiming for a new record of $1,000 in dividend income. I would love to achieve my first four digit year as well as more single months in the triple digits.
Max out Roth IRA
Can’t get any better than maxing out the account. So this goal remains a constant.
New capital– Add $5,000 to Portfolio
The more I look at this goal, the harder I feel like it will be to accomplish this year. Tuition costs keep going up which is where the majority of my money is going currently. I also have some big purchases coming up this year so I don’t know if I will be able to hit this goal. However, goals aren’t supposed to be easy to accomplish. And I somehow did it last year, so let’s keep it the same this year and see what happens.
Debt management – No New Debt
Like I mentioned above, tuition costs are outrageous. But the more I can pay now, the less I will have to pay later since the interest won’t build up. It will take a few years to finish school, but much like dividend investing, slow and steady wins the race. I hope this Master’s degree will be worth it!
Dividend Daze Website
Blogging is an ongoing, never ending, ever changing thing. But I wouldn’t trade it. Love having this creative outlet, the community, and an extra place to keep my thoughts and tracking. Blogging keeps you accountable and on the right path. Last year I hit my 1 year blogiversary, where I outlined some of the exciting updates and changes I made though out the first year. I have many more in store for you guys that I am really excited about. Just need to find the time to put everything together and implement.
This year my main blogging goal is all about value. As I have mentioned before, providing value for all readers is the most important thing. I don’t want to push out 4 sub-par posts a month just to hit a number goal. I would prefer 2 outstanding, value filled posts that really resonate. My social media accounts should provide value as well. Wither it be my own content or the content from others I share. The more value this blog possesses, the growth will go hand in hand.
Growth is another goal I would like to see happen in 2018. As mentioned in one of my blogiversary posts about growth, social media channels should increase to expand the reach of all the value I am trying to create. It has only been 2 months, but let’s look at a few of the numbers then to now.
Social Media- Followers Followers Growth %
Facebook – 55 61 9.8%
Twitter – 1254 1561 19.7%
Pinterest – 13 98 86.7%
Not bad at all! My social media growth in just 2 short months has grown at a fantastic rate. A few reasons for that. First and most importantly, engagement and more time on social media. Mostly interacting on Twitter with the community. Second, I finally took the plunge and signed up for Tailwind to automate my Pinterest game. I mostly got it for their Tribe feature but the analytics are very powerful as well.
I have also put a few other things together to provide more value as well as mutually helping out the community. Recently, I published two new Pinterest Group Boards, the Dividend Community Group Board and All Things Blogging Group Board. Check them out if you are interested in joining and growing your brand.
Secondly, as mentioned about Tailwind, I created a new exclusive Tailwind Tribe for the Dividend Community. We can share each other’s content and help each other’s blogs grow to spread the value to others. If you are interested in jump starting your Pinterest game, you can sign up to Tailwind here and get 1 month free on me. Don’t forget to follow my social media accounts and email me if you would like to be a part of the community group boards and tribe.
Best of luck to everyone in 2018! Going to be a great year!
Are you ready to slay your goals in 2018? What are you goals for this year? Expect to hit any big dividend milestones? 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? 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.