Here we are for the May Update of my Financial Goals!
The fifth month of 2019 is over and as you probably know at the beginning of the month I like sharing with you the progress of my Financial Goals. If you want to read the April update, you can find it here. I suggest you to read the previous updates in order to understand my progress in each goal.
If you’ve read my last Passive Income Report you may know that May had been a great month for me. Actually, my best month ever from this point of view. I doubled for the first time my goal of achieving a monthly Passive Income of at least 100 EUR.
But now, check out my Financial Goals progress!
#1 – Reach a 7500 EUR P2P lending portfolio
My P2P lending portfolio is still stable at 4100 EUR. You can check the composition of my portoflio whenever you want on the page My Investment Portfolio.
#2 – Earn 1000 EUR of Passive Income
As I said before, in May I earned 201,92 EUR of Passive Income. If I add them to the previous total I obtain the incredible (for me) amount of 708,99 EUR of Passive Income in the first five months of 2019. That’s a fantastic pace for me. Wow!
If I can keep this pace in the coming months I will reach this goal within 2 months. That would be absolutely awesome!
#3 – Have 10 different firms in my stock dividend portfolio
The same as April. No new stocks in my portfolio (and no dividends). Sorry guys!
Now I’m obsessed with ETFs, and when I have an obsession I can’t see anything else.
If you have any advices about which ETFs I should buy, let me know in the comments! I always appreciate your interaction.
#4 – 15 different cash flow sources
The latest sources I added were eToro and Lenndy in March. From them on I’m stable with the same sources. My thought is always the same: I think that before trying new platforms I should increase the balance of my current platforms. That’s why I’ll dedicate next months to adding money on the platforms I’m already using.
#5 – Read 5 financial books
During May I read again the most important chapters of “Zero To One”, a book written by one of the Paypal’s founders. I really appreciated it, because it gave me a lot of motivation. It tries to motivate us to do the first step of the path that will lead us to achieve our goals.
Every now and then I need to read something similar to this this book, because I really want to stay always motivated. This is a very important aspect in order to achieve goals.
Now I’m currently reading two books, but they’re not financial books.
#6 – Increase my Net Worth by 20%
I’m on the right track to achieve this goal. In the March update I wrote that after the first 3 months of 2019 my Net Worth has grown by 8.35%. I’ll update this progress at the end of June.
These are the May progress of my Financial Goals.
Finally, a list of useful things:
I opened a Facebook page for FinanceShot. You can find it here. Like it if you don’t want to miss anything or interact with me. It’ll be a pleasure for me!
Moreover, if you want to receive my posts directly on your email, remember to subscribe to the blog by inserting your email on the form you can find on the bottom right of the blog.
Last thing: I also opened an official Telegram group for FinanceShot dedicated to my italian reader. You can find it here. We’ll have the opportunity to discuss about all the topics covered by FinanceShot (P2P Lending, Real Estate crowdfunding, stock market, books, podcast and so on). Moreover you can ask me or to the other members of the group whatever you want. My intention is to create a Telegram community with a common objective: reach financial freedom, all together. If you want to be part of this team, join the group! I can help you and you can for sure help me. In the next days or weeks I’ll open also an english group for my non-italian readers. Stay tuned!
How are your financial goals going? Are you satisfied about their progress? Let me know in the comments!