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,




Starting out

and how to get to where a am now, part one.

It began with a mental decision, “I don’t want to live in eternal debt for the rest of my life.” This idea came from watching most of my friends frivouslly spend their student loans on alcohol, trips, clothes, eating out and other non-essentiall trivialities. At the end of the month before the next payment was in they where always going on about how broke and poor they where, but once again when the next loan arrived out and away it too went. I was in the same situation with these groups of friends and was spending my money the same way. One day after much contemplating I took a stand. I was going to start savnig up enough money so I could be free for a couple of months and not need to strees for the next loan to arrive.

I started using my normal bank’s savings account. It had an interest of 0.7% when I first started using it. This quickly dropped down to 0% within just a few months. Eventually i started looking for another bank account with a greater interest rate. i found one with 2.5% that was governmentally insured incase the bank lost all its money I would recieve a compensation for up to a certain amount (way above what I was investing). There it sat for several years untill due 1.5 years ago when I got a notification saying that the interest for this bank account was also at 0.5% lower then my initial bank account.

I took a look at the amount of money i had saved up, and compared it to the interest rate on my school loan and realized my percentage rate of return was lower than the interest on my loan! Here is where I took the next step to learning more about private economy, investing ideas, and passive incomes. I will continue to discuss these in future posts.

best regards,


IPO gambling

For the past year there have been a series of initial public offerings (IPOS) in my local market and several friends of mine have jumped on the bandwagon in buying a fair deal of them and then selling them of at the initial time of release.
Currently they have made a great income on these transactions (about 15% plus after taxes) which is by my own investing means a great rate of return, but also these investments are liquidfied within a certain time period. Allowing for further greater investments into IPO’s like the interest on intrest effect that is the dirving force behind financial freedom.

I deem that these actions are considered gambles as you never know if you’ll strike gold or not, but if one plans it out: say I’ll use $100,000 in 100 IPOs for a 1000 dollars in each IPO. This would reduce the risk of an all out failure and still have a potential for great yields.

I’ll hopefully return to this subject after I’ve stabalized my current asset allocations to my desired positions. That is 20% cash, 30% estate, and 50% stock and bonds.

Best wishes,