Here is my 2016 goals that I would like to achieve.
Max out 401k:
$18,000, this goal is completed at the end of March 2016, so I’m happy I can max this out.
Max out IRA:
$5,500, this goal is completed. I would like to put it in Roth but I anticipate my income would be to high. I thought about a possible back door but I’m not sure about that and will think about it.
$30,000, Currently save up ($30,000+), This goal is completed. My saving account will hold at least $20,000 for my emergency fund and $10,000 will be for my regular checking account expense.
Open a Fund Rise account and invest $10,000 - This is a real estate crowd funding website similar to lending club concept. Instead you invest money in real estate building that have been analyze. This is new to me so I’m still researching about fund rise. I plan on investing about $10,000. I have not open an account yet but will later on.
Invest $10,000+ in dividend stock - (Currently invested $4,043), I will continue to build up my dividend portfolio.
Earn $6,000+ in annual dividend - (Currently received $1433.00)
Pay down my Car loan: (Currently at $21,265) I would like to pay this off at least up to $1,000 - $5,000 left on the loan. I have heard keeping your car loan will look good on your credit history. So I might just keep this loan around for that purpose. Someone correct me if I’m wrong, would like to hear other people thoughts on this.
Increase net worth to $650,000 - Currently at $555,556.
Blog - Continue to work on my blog and provide monthly updates.
I will continue to update my goals as I progress.
Investment Hunting says
Wow, you’re killing your goals and it’s only April. Having completed your 401k and IRA contributions early, you’re setting yourself up nicely to complete your savings and car payment goals. Nice work.
the expat investor says
Thanks for the comment. Yeah I wish I had kept a better record on my monthly net worth and goals. I have a bit of a gap and now trying to make up for it. Yeah I’m also considering picking up another rental properties. Wish you the best on your goals and thanks for stopping by.
You’re totally nailing all of your goals, very impressive. The $6000 in dividend income is a great goal to aim for, hopefully you’ll be able to finish this ambiguous goal.
the expat investor says
Thanks, yeah I’m hoping to pick up a rental property also. Yeah I set my goal a bit high this year so hopefully it can give me some motivation. Thanks for stopping by and wish you have a good 2016 also.