2012 Financial Goals Review

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.

setting goals for myself


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.

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12/29/2012 12:26 am

While #5 and #6 were not quite met it seems a little harsh to call them ‘fails’. Congrats on a great year!

12/29/2012 12:35 am
Reply to  NoTrustFund

Thanks for the kinds words. I should work in charitable givings into my financial planning like you have done. I’m not sure what the best way to approach it is yet, but I think consistently contributing a percentage of my income to a non-profit is a good place to start. Hope 2013 will be a great year for both of us 🙂

12/29/2012 2:04 am

Ha, great graphic! And awesome work on your goals – you were pretty close on the ones you didn’t smash too, so congrats.

12/29/2012 6:19 am

You did more than ok, congratulations!

Not Working
Not Working
12/29/2012 1:54 pm

WOW i started following you in february, didn’t realised you made that much progress this year 🙂 Congrats!

12/29/2012 9:49 pm

Not too shabby at all! So what’s 2013 goals? For me, I’m trying to put $1250 into savings each month… haha.

myownadvisor (@myownadvisor)
12/30/2012 8:07 am

A strong year, especially w.r.t goal # 4.

Nicely done.

Here is a link my goals accomplished in 2012:

Have a great 2013!

Mo' Money Mo' Houses (@momoneymohouses)
Mo' Money Mo' Houses (@momoneymohouses)
12/30/2012 12:05 pm

I definitely need to look more into investing. Saving is no problem, but I’m such a baby with investing and I know if I got more into it it would pay off. That’s something I’m definitely going to look more into for 2013.

12/31/2012 10:19 am

Seems like you had a pretty good year to me! I had modest savings and investment goals this year since I was focused on finishing classes and getting a job, But I’m definitely ramping up the investments next year. -cf