Goals

goals_600x200Long Term: Greater Financial Security

At best, I would like to achieve financial freedom (who wouldn’t want that?). But on a more modest scale, I would be happy to have enough monthly dividend income to completely cover my living expenses (mainly housing and utilities). That alone would let me sleep easy.

Short Term: 2017
My goal is to achieve projected average monthly dividend income of $833.33 or more ($10,000/year). I’ve broken that goal down into micro-goals, that are quite reachable, as shown in the table below:

2017 Micro-goals:

Average Monthly Dividend Income Goal Status
$750.00/mo. ($9000/year) – 2016 goal
Done!
$758.33/mo. ($9100/year) Done!
$766.66/mo. ($9200/year) Done!
$775.00/mo. ($9300/year) Done!
$783.33/mo. ($9400/year) Done!
$783.33/mo. ($9500/year) Done!
$800.00/mo. ($9600/year) Done!
$808.33/mo. ($9700/year) Done!
$816.66/mo. ($9800/year) Done!
$825.00/mo. ($9900/year) Done!
$833.33/mo. ($10,000/year) – 2017 goal
Done! 
$841.66/mo. ($10,100/year)
$850.00/mo. ($10,200/year)
$858.33/mo. ($10,300/year)
$866.66/mo. ($10,400/year)
$875.00/mo. ($10,500/year)
$883.33/mo. ($10,600/year)

Short Term: 2016
My goal is to achieve projected average monthly dividend income of $750.00 or more ($9000/year). I’ve broken that goal down into micro-goals, that are quite reachable, as shown in the table below:

2016 Micro-goals:

Average Monthly Dividend Income Goal Status
$550.00/mo. ($7800/year) Done!
$558.33/mo. ($7900/year) Done!
$666.66/mo. ($8000/year, $2000/quarter) Done!
$675.00/mo. ($8100/year) Done!
$683.33/mo. ($8200/year) Done!
$691.66/mo. ($8300/year) Done!
$700.00/mo. ($8400/year) Done!
$708.33/mo. ($8500/year) Done!
$716.66/mo. ($8600/year) Done!
$725.00/mo. ($8700/year) Done!
$730.00/mo. ($8760/year, $1.00/hour) Done!
$733.33/mo. ($8800/year) Done!
$741.33/mo. ($8900/year) Done!
$750.00/mo. ($9000/year) Done!
$758.33/mo. ($9100/year) Done!
$766.66/mo. ($9200/year) Done!
$775.00/mo. ($9300/year)
$783.33/mo. ($9400/year)

 

Short Term: 2015
My goal is to achieve projected average monthly dividend income of $625.00 or more ($7500/year). I’ve broken that goal down into micro-goals, that are quite reachable, as shown in the table below:

2015 Micro-goals:

Average Monthly Dividend Income Goal Status
$525.00/mo. ($6300/year) Done!
$533.33/mo. ($6400/year) Done!
$541.66/mo. ($6500/year) Done!
$550.00/mo. ($6600/year) Done!
$558.33/mo. ($6700/year) Done!
$566.66/mo. ($6800/year) Done!
$575.00/mo. ($6900/year) Done!
$583.33/mo. ($7000/year) Done!
$591.66/mo. ($7100/year) Done!
$600.00/mo. ($7200/year, $1800/quarter) Done!
$608.33/mo. ($7300/year) Done!
$616.66/mo. ($7400/year) Done!
$625.00/mo. ($7500/year) Done!
$633.33/mo. ($7600/year,, $1900/quarter) Done!
$641.66/mo. ($7700/year) Done!
$650.00/mo. ($7800/year) Done!
$658.33/mo. ($7900/year) Fail
$666.66/mo. ($8000/year) Fail

 

Short Term: 2014
My goal is to achieve an average monthly dividend income of $500.00 or more. I’ve broken that goal down into micro-goals, that are quite reachable, as shown in the table below:

2014 Micro-goals:

Average Monthly Dividend Income Goal Status
$425.00/mo. ($5100/year) Done!
$433.33/mo. ($5200/year) Done!
$438.00/mo. (60.0 ¢/hour, 1.00 ¢/minute (24-hour day)) Done!
$441.66/mo. ($5300/year) Done!
$450.00/mo. ($5400/year) Done!
$458.33/mo. ($5500/year) Done!
$466.66/mo. ($5600/year, $1400/quarter) Done!
$475.00/mo. ($5700/year) Done!
$483.33/mo. ($5800/year) Done!
$491.66/mo. ($5900/year) Done!
$500.00/mo. ($6000/year, $1500/quarter) DONE!
$508.33/mo. ($6100/year) Done!
$516.66/mo. ($6200/year) Done!
$525.00/mo. ($6300/year) Done!
$533.33/mo. ($6400/year) Done!
$541.66/mo. ($6500/year) Done!
$550.00/mo. ($6600/year)  Fail
Image Credit: PublicDomainPictures (pixabay.com)

 

4 comments

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  1. dividenddreamer

    Nice progression. Keep reinvesting and contributing. If the market goes south, you will be buying even more shares with the proceeds, so the numbers are going to go up either way. Good job. I like the breakdown Per Hour AND minute. I never posted anything like that, but it goes through my head all day. I see how laborious my work is and each dollar of dividends reduces that potential for me to work quite so hard- I hope! Great job.

    Keep cranking,

    Robert the DividendDreamer

  2. Dividend Quest

    Thanks for dropping in. It’s certainly unusual, but breaking dividend income down by day, hour, and minute is my way of keeping score of the really small wins on this quest. It’s nice knowing how much passive income is earned when I’m being passive too (sleeping, driving to/from work, attending a boring meeting, watching a movie, etc.). There’s more than one way to measure dividend income progress.

  3. Vivianne

    Wow. Yours yearly is double the amount I got last year. Do you have a chart to see how long it takes you to get to almost $6k?

  4. Dividend Quest

    Thanks for visiting Vivianne. No, I don’t have a chart, but that’s a great idea! In my 2014: The Year in Review posting, I did tell how much I earned in previous years, so that should give you an idea of my progress so far. It has taken me over 6 years to reach this point, and I look forward to pushing my dividend income to new levels this year.

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