It seems like other bloggers are doing their year end goals reviews so here’s mine. In January I set out to accomplish 6 goals by the end of this year. Let’s see how I did.
1) Make at least $4,000 more than last year.
- (Pass) Got a small raise at work. But the biggest factor to this number is my growing dividend income. Pays off to invest as early as possible.
2) Put $10,000 into my retirement accounts.
- (Pass) Took out a $10,000 RRSP loan from my bank earlier this year and threw that into my registered trading account at TD.
3) Put $5,000 into my TFSA.
- (Fail) I only invested $3,000 into my TFSA this year because I ran out of funds after saving to buy a property. If only TFSA loans existed at my bank :O(
4) Put $25,000 towards other investments.
- (Pass) Bought a farm earlier this month with a $37,500 down payment.
5) Have a six-figure investment portfolio.
- (Fail) The net value of all my investments including RRSP, TFSA, farmland equity, and non-registered funds, comes out to only $97,800, so close (>_<) Off by 2.2%
6) Increase net worth by $40,000
- (Fail) Right now I’m only worth about $37,000 more than this time last year. Off by $3,000. Unless we see a huge bounce in the stock market on Monday, it is very unlikely I will hit the $40,000 mark.
Overall I did okay. Three out of six is still 50% so that’s a pass in my books :0) Hope everyone else did well with their goals too.
Random Useless Fact: Student loans are usually forgiven if the borrower dies or becomes disabled So it’s safe to marry someone who is deep in student loan debt because you will not be responsible for the remaining balance if something were to happen to your spouse. Some exceptions apply, for example, if you happen to co-sign for your partner’s loan.