- Reach a net worth of $1,000,000,000.
- Maintain optimal health.
- Live freely and simply.
Reach a net worth of $550,000.Achieved! ($574,595.14 actual)- Reach total portfolio value of $450,000. Failed! ($437,209.81 actual) Update: Reached this goal in December 2015.
- Receive $10,000 in dividends. Failed! ($9843.75 actual) Update: Reached this goal in 2015.
- Save 90% of my after-tax income. Failed! (89.22% actual) Update: Reached this goal in 2015.
Maintain weight under 140 lb. Achieved!
2015 Goals:
- Reach a net worth of $705,000. Failed! ($643,161.31 actual) Update: Reached this goal in 2016.
- Reach total portfolio value of $577,000. Failed! ($457,571.38 actual) Update: Reached this goal in August 2016.
- Receive $16,000 in dividends. Failed! ($11,801.95 actual) Update: Reached this goal in 2017.
Save 90% of my after-tax income.Achieved! (93.09% actual)- Maintain weight under 135 lb. Failed!
- Read 50 books. Failed!
Reach a net worth of $800,000.Achieved! ($883,575.44 actual)Reach total portfolio value of $600,000.Achieved! ($691,077.87 actual)- Receive $16,000 in dividends. Failed! ($13,391.84 actual) Update: Reached this goal in 2017.
Save 90% of my after-tax income.Achieved! (93.74% actual)- Read 50 books. Failed! (39 actual)
2017 Goals:
Reach a net worth of $1,000,000.Achieved! ($1,174,539.92 actual)- Receive $17,000 in dividends. Failed! ($16,086.72 actual)
Save 90% of my after-tax income.Achieved! (92.51% actual)Read 50 books.Achieved! (66 books actual)Read the bible in one year.Achieved! (see details here)
2018 Goals:
- Reach a net worth of $1,400,000. Failed! ($1,292,823.80 actual)
- Beat the S&P500TR. Failed! (-4.77% actual return, 39 basis points short of -4.38% for the benchmark)
Receive $18,000 in dividends.Achieved! ($18,472.77 actual)Save 90% of my after-tax income.Achieved! (97.09% actual)Read 60 books.Achieved! (91 books actual)Read the bible in one year.Achieved! (see details here)
2019 Goals:
Reach a net worth of $1,600,000.Achieved! ($1,843,840.69 actual)- Beat the S&P500TR. Failed! (29.97% actual return, 153 basis points short of 31.50% for the benchmark)
- Receive $19,000 in dividends. Failed! ($15,795.49 actual)
Save 95% of my after-tax income.Achieved! (98.40% actual)Read 50 books.Achieved! (106 books actual)Read the bible in one year.Achieved! (see details here)
2020 Goals:
Reach a net worth of $2,200,000.Achieved! ($2,288,160.79 actual)- Beat the S&P500TR. Failed! (18.69% actual return, within rounding error of 18.40% for the benchmark)
Achieve total portfolio dividend yield at least 50 basis points below the S&P500.Achieved! (108 basis points below benchmark actual)Save 95% of my after-tax income.Achieved! (97.40% actual)Read 100 books.Achieved! (139 books actual)- Read the bible in one year. Failed! (see details here)
2021 Goals:
- Reach a net worth of $2,500,000.
- Beat the S&P500TR.
- Achieve total portfolio dividend yield at least 50 basis points below the S&P500.
- Read 100 books.
- Read two Latin textbooks and two Greek textbooks.
- Complete Duolingo Languages courses in Japanese and German.
- Complete Mango Languages courses in Latin, Ancient Greek and German.
Wowsers, those are some serious financial goals. Lifetime goal of one billion? More power to you! Any time you can save 90% of your income you're generating almost a decade of financial independence each year you continue at that rate. That snowball is going to accelerate really quickly given your capital infusions.
ReplyDeleteThanks for stopping by. I know my lifetime goal of one billion is a bit ambitious, but it gives me something to strive for. I am 30 and should reach one million net worth by 35. I target a 15% total return on investment, which should double my net worth in about 5 years. At that rate, I would reach my goal of one billion by age 85. The snowball effect if amazing indeed. Even if I only earn a market average return of 10% annually, I should double my net worth in about 7 years, which will take me 75 years to reach one billion by age 105. Who knows, with the major advance in medical technology, that might be a reality.
DeleteI think it's difficult to beat the S&P with that huge number of stocks, you should expect average returns at best
ReplyDelete