One of the topics I picked up during the BE-NL meetup was this: having a system in stead of goals. When I think about it, this could be doable. It is maybe what we are doing already.
The journey for Financial Independence is a marathon. It takes a lot of time before you reach the finish line. It can be quite demotivating not to see the end. While reading blogs and comments on my site, I actually came to realise that there are maybe multiple stages in financial independence.
Investing in the stock market is not a free lunch. You take risk in order to get a reward. If anyone else tells you there is free money out there, then it is very likely a scam. Risk is something you not always see.
It is actually quite scary to make a financial plan that lasts a lifetime. There are more things we do not know than things we know for sure. Yet, I made the effort to make a financial plan to guide my actions, and guess what: it is wrong! But it is perfect for me.
One of my 2016 goals is to generate some income with my play money. By having playmoney, I keep myself occupied and active on the markets. This is only a small part of my portfolio. The vast majority is then left alone, like it should be.
Now that 2015 is over and the goals are analysed, it is time to think about 2016. Next to pure financial goals, I also will put in some personal development goals.
Part of the reasons for me to keep a blog, is to keep track of my progress and my goals. Consider this my personal log. By doing so, I intend to keep myself motivated. Lets look at the 2015 goals and the results.
Sometimes, it can be a good idea to let go of certain goal in order to reach another objective. This is what we have done in November. In the last monthly update post, I was quite optimistic about reaching our 2015 savings rate. Now, I am less certain to hit that goal. I am not … More Giving up a yearly goal can be good
Being in the middle of our yearly holiday seems to be a great moment to review the 2015 goals. We are enjoying some quality time with the 4 of us, and having some friends and family visiting us from time to time. It also give me the time to work on some blog posts and … More Goals review