My personal goals for 2016

Goals

This is a strange timing to think about personal goals for 2016 halfway the year. Fellow bloggers are reviewing their half year progress already and I am just starting to create my personal goals. Before I had this blog I never thought about setting them. That is one of the great things blogging makes me do! It forces me to think about what I am doing. Not only about my personal goals, but also about why I buy a stock. If I want to keep all of my stocks or sell some and how to improve my knowledge about them. But it also forces you to think about other things in life. From personal development to spending time with my family and friends. I see this as a great thing and I can already say that this is one of the big things I like about having this blog.

My goals have to be set according to a certain standard. A well known way of doing that is using the SMART method.

S: Specific

M: Measurable

A: Acceptable

R: Realistic

T: Timeframe

Using a method like this assures that all goals are clear and achievable within a certain time frame. My time frame for these goals will be the end of 2016. I have created goals in a couple of categories. Without further ado you can find my 2016 goals here.

Goals for 2016

Financial:
  • Collect € 200 in nett dividend payments.
  • Reach a total portfolio value of € 10.000.
  • Reach a savings rate of 25% of income over the year. This is without the costs for the house rebuilding I posted about earlier.
  • Keep the costs of our house rebuilding within the budget of € 23.000 we set for ourselves.
Blog:
  • Create at least 40 posts in the 2nd half of 2016 on this blog.
  • Achieve a 1000 page views in a single month.
  • Achieve my first 50 comments on my posts.
Personal development
  • Read at least 2 books about investing.
  • Follow 2 online seminars about investing.
Family and personal life
  • Spend some time with my daughter every day.
  • Keep my wife happy.
  • Ride at least 3000km on my road bike and 500km on my mountainbike.

These are my goals in different aspects of our life for 2016. Maybe some will be added if appropriate. Some are well under way and some have to be started yet. But I think all of these goals are achievable. I will check back every now and then to monitor my progress and this gives me some experience for setting my 2017 goals at the end of 2016!

Do you use personal goals to keep you motivated about progress? How do you monitor your goals? What do you think of the goals I set?  Don’t hesitate to comment on this post. And don’t forget, in the end you are helping me to achieve one of my goals by commenting. 🙂

15 thoughts on “My personal goals for 2016”

    1. No, I don’t have goals yet for early retirement. I first want to see how much I will really be able to save each year for investing. My priority is reducing our mortgage with € 5.000 a year, than make sure our emergency fund is full. Then what is left goes to investing. In 2 or 3 years I will have a much better view on how much this is.

      Also, it’s hard to predict future costs. We probably want another child and retirement is still so far away. But still, I started my journey. For now that is the most important part! 🙂

      Pursuit 2 Freedom

  1. Them are some very reasonable goals. Much like you I did not set my goals at the beginning of the year and I didnt post about them on my blog. I do think that having goals are very important in continued success. I also think that keeping track of things such as dividend income, portfolio value and net worth are also keys to success because as long as the numbers are growing that means were doing something right. Thanks for sharing and I hope that your able to achieve all of your goals in 2016!

    1. Thank you for the comment MD! You are right, I also believe that setting goals is the key to success. It also helps you to know when to change direction if needed.

      May I ask what the reason is that you don’t post about your goals on your blog? I must say that it helps me putting the goals on paper. It also works motivating seeing the comments of you guys. 🙂

      1. Honestly there is no particular reason. I didnt post at the beginning of the year and it just felt like I had kind of missed the boat. So I was really just going to wait until next year but after reading your post I was strongly considering posting about the goals, maybe even on a monthly basis.

        1. Let me know if you do. I’m always interested in the journies of people with the same mindset!

          I also had the idea about updates, but not monthly. I was thinking quarterly or just halfway the year. Not sure about that yet.

          1. I will definitely let you know if I do. I just know that I constantly have short term goals as well as long term goals and posting about them I think could help. I just don’t want to turn any readers off by doing that.

          2. I don’t think you will. This post is my best viewed one so far. I think personal stories are always interesting to read. Just check if you have a lot of views. That will help deciding if you should continue or not.

            Good luck!

  2. Very good goals. I need to start use smart objectives. Personally, I don’t write down my goals, but they are somewhere in my head.
    Thanks for sharing!
    D4s

    1. Thank you for your comment! For me it works motivating to write them down. Also, it makes you think more about them and you feel more olbiged to complete them. In other words, it helps me reaching them.

      I can’t judge for anyone else, but I would advise to write them down. At least for yourself!

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