Goals and Aspirations

It has been a while now since I last tried to formulate my goals and having done some thinking I feel all the more certain that I can restate my goals here.

Short Term Goals:

  1. Monthly save 50% Of my current income and loans in low cost index funds and dividend stock.
  2. Beat the interest plus income tax with the returns on dividend stocks yearly.
  3. Pay of the forced mortgage and interest using dividend from stocks.
  4. Keep a 3-6 month buffer incase of housing crisis or a forced move due to critical changes in way of life.
  5. Minimize extravagant spending. ( See Post : Budget *hyperlink will follow as it is a work in progress)
  6. Rebalanced portfolio before the end of November.

Long Term Goals:

  1. Evaluate housing conditions; at the moment. high rents and low interest on loans.
  2. Diversify passive income sources to include but not limited to any of the following: affiliation on blogs, websites or other multimedia sources, influensors sponsorship, book or other royalties possibilities, renting e.g. rooms in bigger apartments to friends or smaller apartments in whole to strangers to offset mortgages and interest on loans.
  3. Start my own business in tech industry as a part-time expert consultant.
  4. Start my own business in tech industry as innovative problems solutions with a lease possibility for easily scalable production: More idea generation needed. [WORK IN PROGRESS]

These are various ideas currently being worked upon : tactical and strategic plans shall follow along side a budget.

Best wishes,
A.W.

 

 

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Story so far…

Currently I am sitting on a approximately 40% Cash and 60% equity balance. This is because currently I only have a partt-ime job with irregular hours so I feel the need for a greater safety net incase of release from employment, sickness or other extreme events. This sum should be able to sustain me for an approximated year and a half with no additional income.

Being a months since I started this blog I realized I think it would be nice for me to keep a journal of how my portfolio changes, the resource allocations and the asset allocations within these resources. I’ll start by making a list here in this post but I’m contemplating filing these away under a new tab. Potentially called one of the following “Portfolio Allocations / Portfolio History / Asses Allocations.”

Currently (2017-03-02):

CASH: (% is given of the total portfolio)

Low Interest rate account (0.7%) :  36.6%

Non Interest rate account (0.0%) :  5.6%

ASSETS:

Stocks :  42.7%

Bonds:   15.1%

PROPERTY :

xxxx:xx %

LOAN:
Total Debt in % of net worth  78.8%

2016-06-26:  (Approximately start of my investment phase)

CASH: (% is given of the total portfolio)

Low interest rate account (0.7%)  : 92.2%

Non-interest account (0.00%)     : 0.94%

ASSETS :

Stocks :  4.1%

Bonds :  2.8%

PROPERTY:

xxxxx: xx %

LOANS:

Total debt in % of net worth : 89.4%

I wish you all the best until next time,

// A.W