Welcome to the new year everyone! I would like wish everyone a happy and peaceful 2017.
If you haven’t already had a chance to do your new year resolutions yet, you may want to spend some time figuring out what you want to do this year.
I had done this for the last 3 years of my blog and this year will be no different.
However, before I go into what my goals for 2017 will be, I would first like to evaluate my performance for 2016. In summary, I have a big F in my report card.
Perhaps my goals for 2016 were too aggressive or I haven’t been at the peak of my game, either way, I have failed in nearly every goal of mine.
For 2017, I will be setting more realistic goals and I will hustle harder to accomplish them by the end of the year. Here were my goals for 2016:
Develop a business generating $1,000 of passive income per year (Failed)
This goal has been a major flop. Not only have I not created a business plan, I did not work on anything related to it.
Initially, the plan was to turn Million Endeavour into a business. I worked on this for a bit until I gave up and decided to venture into starting an offline business. As you can see, this did not get very far. It didn’t even make it past the most preliminary stages.
Contribute my 2016 TFSA and RRSP Limit (50% Completed)
The good news is that I did max out my TFSA but the bad is that I failed to do the same for my RRSP.
However, I do not have any funds in both of these portfolio right now as I had to empty both of them to purchase my first property.
Generate $5,000 in returns through my stock portfolios (Failed)
Part of the problem was that I did not properly track my returns. However, I do not need proper tracking to know that I ended up in negative overall returns for the year.
Invest in a property and move out of my parent’s house (50% Completed)
One of the biggest highlight for 2016 was the purchase of an investment property. I have also successfully rented it out. The other half however, I am still living with my parents.
Write at least 4 blog posts per month on ME (Completed)
I am going to count this as completed. Despite having months with 2 or 3 posts, I also have 5+ posts per month for the most part.
After counting up the final score, I ended up with a score of 2/5. This is a grade of 40%. Hopefully my grade for 2017 will be much better. 🙁
If I said I wasn’t disappointed, I would be lying. However, the past is the past and now there is only the future to look forward to.
I will work much harder on my goals for 2017 and I will have to if I am determined to retire by the age of 30.
These are my goals:
- Achieve independence by moving out of my parent’s house
- Start a business earning $100 profit a month
- Get $5000 in returns from stock market
- Be in a relationship and invest in my dating life
- Complete Body Beast 2 times (a beach body workout video program)
If you would like to keep track of my goals and see what my goals are for the previous years, you may do so on my goals page.
What are your goals for 2017?
Subscribe to a monthly personal finance newsletter for stock market news, saving tips, special offers and interesting reads from other personal finance bloggers.
Thank you for subscribing.
Something went wrong.