2015 Goals

I have already described how I plan on saving my income this year using my Savings System.   Today, I want to discuss my goals for 2015.

Goals

Dividend Income

I want to receive 5500 5750 in income by the end of the year.  I think that this will be a little bit of a stretch.  I am current sitting at ~5040 dividends for the year, but I think that through raises and investments that 5750 will be a little bit of a stretch for me.

Note:  writeyourownreality  asked me a question that caused me to rethink this goal.  I had previously forgot to consider my dividend income when making this goal (pretty amazing oversight!).  I will now be attempting to receive 5750 this year instead of the previous 5500, which after adding in my earned dividends, would have been easy to achieve.

Forward Estimated Dividends

By the end of the year I want to reach 6100 in expected dividends for 2016.  This is a little above what I think is attainable, but with a little extra cash, raises and reinvested dividends this should be possible.

I am basing this number on an average yield of 3.5% and 7.5% weighted average raise.

Run a mile everyday, do a Marathon and break 1:30 on the Half Marathon

I enjoy running and decided on the 1st that I was going to try to run a mile everyday.  This will be interesting to try.  I have tried doing something for 30 days and then stopping, but never for an entire year.  I need to be a little careful here and make sure my run distance doesn’t inflate!  I normally run 3 days, so this challenge amounts to 1 mi on the other 4 days a week.

I have never run a marathon before, but why not.

Weights

Deadlift 405 twice and Squat 350 (low-bar position) once.  I really enjoy moving heavy weight, it is much easier to see changes in fitness when you are putting actual weight on the bar.

I suppose I am crazy considering I have a running goal and a Weightlifting goal, which are supposed to be in conflict with each other, but well see.  It is fun to experiment with my body.

Conclusion

A few fun and basic goals.  We will see how things turn out!

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10 Responses to 2015 Goals

  1. DivHut says:

    Thanks for sharing your 2015 goals with us. I like to read specific goals from the dividend blogging community which pretty much everyone outlines. I don’t really read the generic, ” I want to lose weight” or “make more money” generalizations. When you provide a specific number for your goal you create a quantifiable metric for you to follow and track. Good luck.
    DivHut recently posted…Recent Stock Purchase – January 2015My Profile

    • ILG says:

      Thanks for stopping by DivHut! I prefer to make my goals specific (when I make them). I had thought of defining goals using the (most likely, probably likely, if the stairs align) options, but decided to make it simpler.

      Take care!

  2. ILG, don’t you think the $5,500 will be fairly straight-forward given the forward dividends of $5,040? Assuming your average of 7.5% increases and 3.5% yield on reinvestment, you’d hit this or be fairly close without any additional capital. Perhaps I’m missing something?

    I do love the running and lifting goals. Short, specific, and very focused. The challenge will the running goal, not for distance but for the consecutive days. There will certainly be a day or two where you’re sick, tired, and just plain don’t feel like going out there. Powering through that will be a heck of an accomplishment.

    Best of luck in this new year!
    writing2reality recently posted…Passive Income and Pageviews – December and Overall 2014 Goals UpdateMy Profile

    • ILG says:

      Hi W2R,

      My thoughts on the dividends received goal was as follows: Since the raises are well spread out through the year, I should be able to receive about 50% of the raise in cash this year (~$180). My new cash comes in throughout the year predictably, so I estimated that I would receive about 50% in cash this year (~270). For a total of 450, plus 5040 takes me to about 5490. I forgot another source of income. My dividends received, assuming that is just 5040, I can get invest at 3.5% and get 50% this year, that adds another ~90. Which now takes my total to 5580… So your right.. that is fairly straight-forward.

      I am going to raise that by 250 to 5750. Thanks for catching that! I appreciate it.

      ILG

  3. Thanks for sharing your goals. Those are some great goals and I wish you the best.

    Looking forward to following along on the journey
    R2R
    Roadmap2Retire recently posted…Chatter Around the World – 79My Profile