My 2019 Financial Goals – February Update

0

Hi guys!

February has passed away, and today we’re here to write about the progress of my financial goals. I talked about them in a previous post, go read it if you have not read it yet!

February had been my best ever month from a passive income earnings point of view. As you can read in my Passive Income Report that I posted some days ago, I earned more than 100 EUR, that is my record. I’m really happy about that performance, because it’s the first time that I reach my goal of earning 100 EUR of Passive Income in one month.

But now, check out my progress!

My Financial Goals

#1 – Reach a 7500 EUR P2P lending portfolio (Progress: 20% – Added 800 EUR out of 4050 EUR)

At the moment, my P2P lending portfolio is stationary at 4250 EUR (Remember that you can always check out my portfolio at the page My Investment Portfolio). That’s why in February I have been very busy with the university and with a start-up project I’m collaborating with, so I had no time to think about new investments.

I promise you that during March I’ll find the time to make some new investments. I need to choose if invest more money on the platforms that I’m already using or if to look for a new platform. My goal for this month is to invest 200 or 300 EUR.

#2 – Earn 1000 EUR of passive income (Progress: 21,97%)

In February I earned 122.68 EUR of Passive Income. Adding these earnings to the previuos ones, I reach a total Passive Income of 219.65 EUR in the first two months of 2019.

I already reached more than 20% of my goal. I did not expect, at the beginning of the year, these awesome results. Great!

#3 – Have 10 different firms in my stock dividend portfolio (Progress: 0%)

The same as for the goal #2. No time dedicated to this goal during February, unfortunately. I need to commit more to this goal during next months.

Howewer, if you have any advices about which stocks I should buy, let me know in the comments! I always appreciate your interaction.

#4 – 15 different cash flow sources (Progress: 33% – Added 3 cash flow sources out of 9)

I did not add new cash flow sources during February. Shame on me!

#5 – Read 5 financial books (Progress: 0%)

I started to read The Little Big Things: 163 Ways to Pursue Excellence, that is an awesome management book. Substantially, it is an incredibly interesting list of “little things” (advices) that allows the reader to improve many aspects of his life (work, attitude, leadership, resilience, networking and many other things). I’m also thinking about writing a series of articles related to this book, because I think that it talks about extremely important things. Let me know if you could be interested!

To Buy the Book: Amazon IT [11 EUR]  (Link)  –  Amazon US [$15] (Link)

#6 – Increase my Net Worth by 20%

My intention is to update this goal every 3 month, because updating it month by month is a little bit useless. For this goal, we need to wait the end of March!

Conclusions

For sure, I need to improve my reading pace. I really would like to read more but at the end of the day I’m very tired. Howewer, during next months I’ll read more. This is a promise.

I’m pretty satisfied about the progress of other goals. I’m trying to working hard on them.

That’s all guys! What do you think about my progress? Let me know in the comments!

0

3 Replies to “My 2019 Financial Goals – February Update”

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.