My 2015 Goals Update

DividendsPersonalRetirementSide Hustle

The Hardest Part is Starting

It’s been about three months now since I’ve starting investing; putting my money to work for me instead of having it sit in a measly savings account. I discovered this concept of financial independence, and more so, achieving this status at a younger age than is traditional.

I’ve been able to put away a large portion of my salary away month after month into my brokerage accounts for investing in dividend growth stocks. Unfortunately, I’ve been quite limited in my selection, as I’ve kept my distance from the conversion rate from CAD to USD. In Canada, there’s not a whole lot of diversification. However, I’ve opened up positions in real estate (REITs), telecommunications, financials, energy, utilities, and mining operations.

The market’s been seeing a decent bit of a pull back lately due to a fear of a rate hike, however, nobody really knows when this will come. Heck, when I started investing a couple of months ago, everywhere I read, people were convinced rates would be raised in June, yet here we are – with rates remaining the same since 2008. When markets go down, all it means to us long-term investors is that stocks are on sale, and we should load up if we can afford to.

When I set out to record my journey in early April, I took a lot more charge of my financial life and my life as a whole. I feel as though a lot – a lot – of people don’t track their finances at all. I sure as hell didn’t before I started writing. I did save a lot though, when I used to work part time and go to school, I put away a decent sum of money which I’ve only begun investing now. It would have been amazing had I the foresight to invest way back then, but doing so now is still really early in relative terms to my life time.

Goals Are Everything

One of the first things I wrote on the blog was My Goals. While building the chart on that page, I realized that all of this was within reach, given time. And the dividend growth way of going about it preserved capital and increased cash flow – it was guaranteed income – and I love nothing more than absolute guarantees. All I gotta do now (in the simplest terms) is follow that chart and I’m home free before I know it! Though I’m prepared to face a multitude of trials and tribulations, I believe in it.

Now, when I set out my goals for 2015 in April, these were what I came up with off the bat:

  1. Receive $500 in dividends for the year
  2. Have a net worth of $40, 000
  3. Receive $50 of income from a mobile application
  4. Receive $10 from blogging
  5. Receive 6.5% in capital gains

It’s only been two months since I set these goals, but taking a look at how far along things are is never a bad idea. If nothing more than to test your thoroughness and strategy; now let’s get into it.

Progress on: Receive $500 in dividends for the year

With my most recent purchase of Canadian Natural Resources Limited, I am on track to receive the $500 in dividends for the year of 2015! That was a great moment for me. Yeah, you heard right: I’m set to receive $503 in dividends by the end of the year, not taking into account the fact that dividends will rise (or be cut). Honestly. I can literally do nothing but wake up, eat and sleep and there will be $500 in dividends coming my way throughout the year. Granted this isn’t much, but when you look at the fact that this is the first year receiving cash flow from dividends, and that this number will rise both from purchasing more shares in great companies and those companies raising their dividends.

So, while I will receive $503 dividends by December 2015, what’s even greater is my 12-month forward dividend income… which now stands at $769.68! By next year from today, I’ll have amassed $769 in dividends, even if I did not invest another penny in stocks. The number will definitely be much larger than this once the time comes around, I reckon. This also amounts to an average monthly dividend income of $64. An extra $64 to go towards my net worth every month. It also puts my halfway between my goal for 2016 – 2017. The future is looking bright.

Progress on: Have a net worth of $40, 000

Thanks to my tax returns coming in this month, I’ve just surpassed a net worth of $30, 000, which is a huge deal to me! I’m constantly thinking of it as 3% of a million, for some reason, though. I remember when I had reached a net worth of $10k a few years ago and was so impressed. To think I’ve tripled my money since then is great. If I can keep up with the $1500 monthly brokerage deposits, coupled with my dividend income, I’ll probably find myself around $39k – $41k, so it’s a little in uncertain territory now. What will really determine if I get there or not is how my capital performs in the market. It’s not doing too great these days as you’ll read below, however it’s only been down this month, and no one can tell in which direction the market will be going in the short-term.

Progress on: Receive $50 of income from a mobile application

I haven’t really done anything towards making income off my mobile application, Whereabout. I had partnered with a friend who agreed to advertise and market it, though that hasn’t really gone anywhere yet… So this goal is what probably requires the most attention at this point if I plan to achieve it by 2016. So far I’ve made $0.10 with AdMobYou can read a bit more here.

Progress on: Receive $10 from blogging

Surprisingly to me, at least, I’ve accomplished this goal in the past two months of having created my blog. I took the first month to just get things set up and actively attempted to drive traffic last month, which definitely showed results. I’ve taken a bit more of a relaxed approach this month so far and may continue like this. Things are very busy with my job, so I’ve been doing all I can to release two posts per week, and have done so pretty well. If no one has noticed, I release posts on Mondays and Thursdays. My lifetime blog income now rests at $13.51, sadly you have to break $100.00 before you receive your first payment from Google Adsense, which I loathe. Hopefully income will pick up a bit, but I didn’t create this blog for money. I created this blog to make myself accountable for my investments and to force myself to make the best decisions I can – and it’s definitely paying off.

Progress on: Receive 6.5% in capital gains

Sadly this has not been doing very well at all. While my gains were up around 2% – 4% when I started investing, the market has been very volatile and things have been dropping in fear of the upcoming rate hike. I’m currently down roughly 4% on my investments, however, while it sucks to look at my plummeting net worth due to dropping market value, it doesn’t really bother me since I’m invested in for the long-term and know things will bounce back. In fact, I’m very unafraid of whatever may happen to the stock market in the next couple of years. To me, it’s all just dollar-cost averaging towards financial-independence. There’s plenty of time for my capital gains to make a turn around, however only time and Mr. Market will tell, though all is good with me.

Conclusion Of My Goals Progress

And there you have it! An updated list of my goals and what’s been going on with me for the past two months. I must say I would not even have expected to make as much progress as I did in these two months throughout a year in all honesty. Before this, I didn’t even know what P/E was or how dividends were annual cash payouts in percentages. It’s been a good ride and I’m excited for a bright future.

In conclusion, I’m:

On track to accomplish my goal of $500 in dividends for 2015. This is practically a guarantee at this point unless something extreme happens. I’m on track to have a net worth of $40, 000 by 2016, however it is slightly dependent on market fluctuations, however if I hustle hard I’m sure I could make it happen. I’m nowhere near receiving $50 on a mobile application, however having at least released an app makes me quite proud. I’ve surpassed my goal of making $10 on blogging, and am excited to see where this may take me. Receiving 6.5% in capital gains isn’t looking too good right now, however it’s completely dependent upon how fickle Mr. Market wants to be and how fearful other investors are in the event of a rate hike.

Dividend Beginner

A 22 year old Canadian dividend growth investor striving for early financial independence; building as many passive income streams as early as possible.
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  • Ciao DB,

    I always look at these “goals” posts with a little envy because I cannot seem to be able to make a definite one myself! I need to work on the budgeting and planning a little bit more. Alas we are both stuck with a loosing portfolio, but as you nicely put it I do not care all that much, hopefully things will go back up, the investments have been made in solid companies and this must mean something!

    All the best!

    Stalflare

    • Hi Stalflare,

      Nice to see you again. Definitely manage your spending and planning and once that’s settled you’ll have a nice little skeleton off which to work out your goals. Let me know once you’ve come up with some!
      It’s a shame our portfolios are going down, but as you said, by investing in solid companies it’s just a market cycle and will pass with time.

      Best regards
      DB

    • Hi R2R,

      Yeah, perhaps. I’m also comfortable with having achieved these by year-end, of course as I try to follow my dividend chart listed in my Goals page, I’d like to look at it and see how ahead of my plan I might get to. However, I feel like by sort of rushing to achieve $500 for my first year, I made a couple of careless decisions. Thanks for visiting dude.

      Best regards
      DB

  • Hey DivB,
    As R2R said, It seems like you should start shaping your 2016/17 goals to be higher already. $500 in dividends is really impressive, glad you’re sharing the journey with us. As far as admob goes I have 4 apps published with google play they bring in about $100 every 3-4 months. Back about a year ago I published an API that had flawed code and literally showed ads on every page. It hasn’t been taken offline yet but it does return about $35-40 every month when it wasn’t my intent. Perhaps one day ill fix it 😉 . The app game is strong and the 2-3 weeks it takes to build an app will continue paying you for years in the future – keep going Whereabout looks great!
    -Rich

    • Hey RF,

      I’ll hopefully have achieved my “by 2017” goals before the end of this year. Although recent market events are making me want to hold a little bit more in cash for an upcoming pullback.

      Wow, that’s some really great app income. Do you mind telling me a bit about how you decided what you made, and marketed/received traffic from it? I wouldn’t mind checking them out either.

      Best regards
      DB

  • Keep up the Hustle DB. You’re doing amazing. Keep believing in yourself and wishing wonderful things for yourself. The Law of Attraction. Thanks for sharing your blog with us. Always a pleasure. With focus and consistency, you’ll crush any goal. Cheers my friend.

    • Hey DH,

      I’m hustling pretty hard over here man. The Law of Attraction (“the secret”) is great! And it totally works too. Positive thoughts bring about positive change. Thanks for visiting and the continued support.

      DB

    • Hey Tawcan,

      Either I’ll make more difficult goals coming up or I’ll start focusing more on low yielding high dividend growing companies. I win either way; that’s just how I like it. We’ll see as time goes along, for now I’m comfortable having completed a couple of my 2015 goals.

      Thanks for commenting
      DB

  • Good job DB! You’ve made excellent progress on your goals so far and with half a year left I’m sure you’ll end up way further ahead than you thought you’d be. The fact that you know how to code mobile apps could be a decent source of side hustle in the future. Keep up the good work DB.

    • Hey JC!

      Pushing extra hard the past couple of months have really made all these otherwise difficult goals within my reach, and I’m glad to have some time now to relax before pushing again with all that I’ve got to reach FI as soon as possible.

      Thanks for visiting man
      DB

  • This is the right website for everyone who wants to find out about this topic.

    You realize so much its almost hard to argue with you (not that I personally
    would want to…HaHa). You definitely put a fresh spin on a
    topic that’s been written about for decades. Wonderful stuff, just
    great!

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My publishings on dividendbeginner.com references an opinion and is for information or entertainment purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice. I am not responsible for any decisions you make concerning finances, taxes, or investments. You must perform your own research and always take caution when extending capital.