2018 Financial Goals

2017 was a great year for me and I am sure for most of you as well. The stock market increased over 20% so that helped all of our net worth increase across the board. With this post, I will to now cover my 2018 financial goals.

Financial Goals for 2018

Increase forward dividend income to $6,000
Have a net worth of $400k or higher by year-end
Increase my online/side income.
To accomplish the first goal I would have to invest a total of $46,433 by year-end with an average dividend yield of 3%. I really think this is very doable. Having a forward dividend yield of $6k would be great because that means I will average $500 in dividend a month. It will also mean that I am half way to that magic number of $1k a month.

My second goal should not have any problem with being crossed as completed at year-end. I started the new year with a net worth of $322,728. I would now need to grow it by $77,272 to reach my goal. Seeing how I made $14,401 in passive income last year, I see no issues with growing my net worth by $77k barring any unforeseen circumstances like job loss or tenant leaving.

This is the goal that I really want to get going. I made some good online/side income last year, but I really want to get this going faster. This is why I created a youtube channel, and I will continue to use social media to grow my following.

What are some of your goals for 2018?

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