2015 Collection of Financial Goals

Professional football players are able to make oodles of money because they always have a goal in mind. 😀 But only 65% of Canadians feel confident they will achieve their financial goals in 2015, according to a recent CIBC poll. This is down from 76% in 2014. It appears we’re entering the New Year with a less optimistic financial outlook than last. Nevertheless it is still important to set those goals.


When we have goals to guide us, we’re happier and achieve more than we would without having them. It’s a psychological thing. 🙂 But it’s not always easy to come up with goals for yourself. That’s why I have asked some other personal finance enthusiasts from around the web to share their goals for the New Year and I have compiled the list below. So if you are having trouble coming up with your own goals, here are some ideas to consider. My own goals are listed at the bottom.

Financial Goals Compilation

“My goal for 2015 is to take up smoking, and then immediately quit. Not only is quitting smoking one of the toughest things you can do (personally, I’d rank it slightly below figuring out exactly why your girlfriend is mad at you) but I’ll also save thousands in cigarette costs.”
Nelson from Financial Uproar

“I plan on doing my best to avoid homelessness. That’s about it.”
The Starving Artist Canada

“Start a new stream of passive income that has nothing to do with my personal finance blog.”
Jessica from Mo Money Mo Houses

“Keep the momentum of 2014 going in 2015. That means a savings rate of 70% on average for the entire year and over €500 in dividends.”
No More Waffles from Belgium

“I’m not much of a goal setter.”
Crystal from Income Journey

“My goal in 2015 is to find a good accountant. One that can tell me how to reduce taxes , listen and giving advice on my investments. That’s more important to me than making a few more bucks.”

“Focus more on different revenue streams. I earn a good amount from writing for others, but my revenue streams could use a little more diversity so that I don’t find myself stuck if something doesn’t work out.”
Miranda, freelance journalist

“My financial goals for 2015, in conjunction with my spouse, are to fill our TFSAs, from nearly zero, and to add $40,000 to our unregistered portfolios.”
Anne from Money Propeller

“Take at least one finance related e-course. There are many free e-courses available online from the best business schools in the world. I had taken one such course via Coursera in 2013 and want to take at least another course in 2015.”
Sabeel from Roadmap 2 Retire

“Increase my net worth by $29k in time for my 30th birthday (which happens to land close to the end of 2015)…. I plan to reach my net worth increase by paying off the remainder of my debt ($13k), increase my Emergency Fund by $5k, and increase my retirement savings by $11k.”
Dr. Alicia from Financial Diffraction

“My biggest goal for 2015 is to build enough liquidity that I no longer care about money again. I spent a lot in 2014. It’s time to preserve capital and save.”
Sam from Financial Samurai

“One is to increase my net worth to $400,000 and the other is to read 4 financial books :)”
Young from Young and Thrifty

“Further stabilize my self employment income and get much better about proper accounting.  Since self employment can be rather unstable I want to do what I can to safeguard my income and diversify.”
Jeremy from Modest Money

“Increase my net worth by an average of $100/day — or $36,500 for the year. No small feat, but I have a plan that consists of maximizing my income, diligent saving, and aggressive investing.”
Bridget from Money After Graduation

“Raise my net worth my $250/day for a grand total of $100K over the course of the year.”
Financial Underdog from Money Ramblings

“There’s a lot of instability at my workplace right now and my job situation may change.  So for 2015, regardless of whatever happens and whatever budget I decide, I will stay on budget every month. I will NOT go over-budget.”
The Asian Pear

“Though I never have set a dividend income goal before, I aim to reach $4,000 in passive income from my taxable and ROTH account for 2015.”
Keith from DivHut

“Create more income through option trading:  $5000!”
PC from Pennies at Play

“Receive $7,200 in passive dividend income. That goal puts me on pace for financial independence by 40 years old. I’m currently 32.”
Jason from Dividend Mantra

“My financial goal in 2015 is to seek a happy balance between having, spending, giving and saving.”
Melissa Leong, personal finance writer for the National Post.

“Solidify our savings and cut back on unnecessary spending.  We realized that we have been a little too free with our credit cards the past year so we aim to scale that back.”
Glen from Free From Broke

“First, find balance with all the demands in my life. Second, get net worth to 800K+”
May from Messy Money

“Watch our spending so that we can save up for a down payment for our next home. We are not exactly sure how much we would like to save, so our goal is really just to save as much as we realistically can so that we can be preparing for the down payment, closing costs, moving costs, and more.”
Michelle from Making Sense of Cents

“Grow my portfolio by $100K overall. I did it for 2014 with more than half coming from dividends and growth and I want to do it again! I also want to reach $11K in dividend income.”
The Passive Income Earner

“For mine, it’s to save $100,000 in actual net savings this year, or $250/day. My NW should be over $400K at the end.”
Save Spend Splurge

“Max out our investments now that our mortgage is gone. We’d also like to save enough money to diversify and purchase an investment property.”
Canadian Budget Binder

“Put $300 lump sum payments on our mortgage every month. Save $5,000 for home improvements. Do not incur any new debt.”
Mark from My Own Advisor

“In 2014 we accomplished our dividend income goal of $8,000. In 2015 we’re setting the bar even higher at $10,000.”

“Save at least $15,000 that we’ll use towards the purchase of a new to us car for our family. The car savings is a stretch goal for us as we’ll likely be needing a bigger car for our growing family in the next year or two and want to be able to buy it in cash so as to not have to take on a car payment.”
John from Frugal Rules

“Start *living* more. I get so consumed with the online world that I tend to forget I have a real life offline too! So it’ll be less computer time and more time with my wife and two baby boys… I can’t wait :)”
J. Money from Budgets Are Sexy

“I don’t usually make New Year’s resolutions or goals for the new year. Instead, I prefer to do them throughout the year, since January 1st is just an arbitrary date. But since you asked, I will say that my ongoing goals are to max out my RRSP, and to read 1 book on personal finance or investments every 2 months.”
Brian, Financial Advisor

“Our 2015 SMART goal is to invest at least 50% of our overall cash amount in income producing investments (public or private companies).  As I can only justify deploying cash when valuations are attractive, 50% may prove to be a challenge, or it may be easy if we get a large market correction this year.”
Frugal Trader from Million Dollar Journey

“Devote 100% of my free capital to paying off my mortgage.  If I can get really hardcore, my mortgage can be gone in 2-3 years.”
Brian from Long Term Mindset

“We want to save $72,000 in taxable and tax-deferred accounts. A majority will be diversified into our Permanent Portfolio. If we save this much and average 7% interest we can be financially free in about 5 more years!”
Steve from Steveonomics


Thank you to everyone who took the time to respond to me. I’m so glad nobody gave a boring or generic reply like “pay off credit card debt,” or “live within my means,” or “learn to invest,” or “save money for a rainy day.” Everyone who replied appears to have a specific aim to strive for in 2015. 😀 And not a single unique goal was repeated. I love how individualized financial resolutions can be.

And now, here are Liquid’s financial goals for 2015.

  • Increase net worth to $400,000. This would be a 25% annual increase. Even if I don’t save any money this year and spend 100% of every paycheque, I can still reach this goal if my current investments grows by 7% on average.
  • Make $16,000 in passive income. This would be a combination of dividends, interest, and rent.

Stretch Goal: Create a $12,000 car down payment fund. My current car is getting old so I’m thinking about replacing it with a 2015 Tesla Model S P85 or equivalent. It’s not the most frugal choice for a vehicle but once my $12K car fund is complete I’ll have a decent 10% down payment ready to go. 😉

Goals provide focus, a guiding vision or plan that enhances our productivity and increases our self-esteem. Whatever your goals are, make sure to write them down on paper, and you’ll be more likely to achieve whatever you set out to conquer. 🙂

Random Useless Fact:
Every loaf of bread is a tragic story of grains that could’ve become beer, but didn’t.

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01/08/2015 7:23 am

Thanks so much for including me. I hope you have a successful 2015.

01/08/2015 8:06 am

Any idea how a person without much money can invest in Canadian farmland? Agcapital has minimum income requirements that I cannot meet and Bonnefield won’t return my emails. I am going to call them on my day off.

My goal for 2015 is to reduce debt by $10,000 and save $10,000 in my RRSP. My take home will be $34,000 net.

01/08/2015 8:21 am

Wow that’s a nice list of goals. A really great idea to do such a compilation!

01/08/2015 9:06 am

Love to read everyone’s responses to goals… everyone is at different stages of their lives. Haha, you found my new blog. Thanks for the link.

01/08/2015 9:24 am

This is awesome to see where everyone else fits in with their goals. Also, I’m dreaming of a Tesla too, but I don’t think it’ll happen.

hungry hungry artist (@blerghhh)

I’m glad some of your respondents replied like I did.

Brian So
Brian So
01/08/2015 10:49 am

Thanks for including me Liquid! Great to see such a diverse response; shows you the different priorities and stages of life that people are in.

I’m also dreaming of a Tesla Model S. One day…

01/08/2015 11:12 am

Thank you for the inclusion of DivHut. This was a great read and I anticipate a follow up in January 2016 to see how we all did.

John S @ Frugal Rules
01/08/2015 12:17 pm

Thanks much for including me Liquid, I appreciate! It’s cool to see the various goals and excited to see how they all unfold. Best wishes for a successful 2015!

Mark Seed (@myownadvisor)
01/08/2015 12:28 pm

A very impressive list by these folks. Thanks for asking 🙂
I will be sharing on Twitter this weekend – good stuff.


01/08/2015 1:49 pm

Wow, this looks like it took a lot of work. Well done!

01/08/2015 1:59 pm

Thanks for the mention, some great list of goals from PF bloggers.


[…] Here is a collection of personal finance goals from various bloggers and financial experts, courtesy of Freedom Thirty Five Blog. […]

Weekend reading: 2015 financial goals, critical illness insurance riders, and more - AAFS Insurance
01/08/2015 8:06 pm

[…] Freedom Thirty Five blog collected financial goals for 2015 of many bloggers and journalists and compiled it in a post. What’s amazing is that even with […]

01/08/2015 8:13 pm

Great goals from the PF community and great compilation, too! I believe goals are important in every person’s life as it gives you direction and purpose. It can be of any size as long as you work hard for it.

Jessica Moorhouse
01/09/2015 5:12 pm

Wow, I feel like everyone put my answer to shame!

CanadianBudgetBinder (@CanadianBudgetB)

What a great list of goals from so many amazing personal finance bloggers. Thanks for including CBB! Happy New Year.