Thursday, May 17, 2018

2017 Goals Progress

On my 9/8/2015 post, I had written that the point I can retire is when my passive income I receive exceeds my expenses.  And that amount is $3,000 per month in passive income.  Therefore, my goal at that time of the post was to receive $36,000 in dividends by 2041.  I had also posted a breakdown of target dividend income goals for each year from 2015 to 2041, which can be found here.

Now that 2017 has passed, it's time to reflect on how I did.  My 2017 dividend goal was $6,000 as of 5/3/2017.  The actual amount of dividends I received was $7,346.95.  I surpassed this goal by $1,346.95, or 22.45%!  This is 20.41% of $36,000, which means I've already attained 20.41% of the total dividends I need to retire.  I would say that 2017 was a great year - significantly exceeding my dividend goals.

Since the amount of dividends I actually received exceeds the projected 2018 dividends, I'll need to revise my projected dividend amounts.  You can find these revised projected dividend goals for each year here.  For 2018, my goal is to receive $7,800 in dividend income.  This dividend goal of $7,800 for 2018 is a 6.17% increase from the $7,346.95 dividends I received in 2017.  I'm counting on dividend growth, dividend reinvestments, and new capital to achieve this goal.

What do you think of my dividend goal for 2018?  Do you have any goals or financial new year's resolutions for 2018?

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