Thursday, February 5, 2015

2014 Goals: How Did I Do?

2014 was a banner year for me. I hit $10,000+ of expected annual dividend incomegot an unexpected mid-year raise, and will become a father to a baby girl very soon. That said, it's time to see how I did in meeting and beating my Goals for 2014!

1) Finish the house renovation: We are a few coats of paint and a small bathroom away from finishing the main floor of our house. The basement is still down to the studs, but should come together fairly quickly as most of the work is putting up drywall, painting, and flooring. Thus, this goal was failed.

2) Bench 275 pounds and work out more regularly: I got pinched under the bar late in August and haven't lifted since. I was getting close to benching 250 pounds and would have likely come close to the goal. But this is another failure.

3) Figure out what to do in early retirement: Nothing concrete chosen, but I'm now leaning towards a mix of photography, woodworking/construction, and becoming a Realtor. A mix of those things would provide flexibility and be fun.

4) Earn $10,000 of dividends in 2014: I ended up earning $11,173 of dividends in 2014! I put a lot of capital to work in the year and that bore lots of fruit. What a fun thing to see so much cash rolling in from doing nothing! The total was boosted a bit by holding closed end funds yielding 8-10% for about half of the year, which I've now sold.

5) Have my portfolio primed to earn $12,000 of forward dividends by year-end 2014: I also hit this goal. I would have been even higher today, but closed out on most of my closed end fund holdings after thinking about the questionable sustainability of the distributions. That said, my portfolio now sits at $12,961 of forward dividends in the next 12 months.

So I hit the financial goals and failed the personal goals. I think the personal goals were far harder than the financial goals. Oh well, stretch goals are more fun anyhow. Keep your eyes on the horizon, not the waves.


  1. I'd you had a successful year all in all. Even though you didn't fully accomplish your goals, you made progress on those that you didn't. And your financial house is in great shape; you're going to have a great year in 2015 as a result.

    1. W2R,

      Thanks for stopping by. I'm most concerned at this point with hitting/exceeding financial goals. The other stuff can get done more easily in early retirement. Making progress is really the name of the game. I heard recently that airplanes are "off course" 99% of the time, but make corrections to ensure they hit their destination. Thus, it's all about knowing the destination and making adjustments along the way.