Sunday, December 28, 2014

My 2015 Goals & Objectives

A couple of days ago I've just posted a reflection of what I have went through in 2014. As we draw towards the end of 2014, a new year awaits us as we begin on a whole new journey. That means it's another round of objective setting as the goals we set give us a target to work on for the new year. I've been working hard to put some of these goals together to make sure that I don't keep myself too slack in the upcoming new year. I also made them very specific so that they are easily measurable rather than simply stating the general (For instance, improving better health conditions). Without further ado, these are my 2015 goals and objectives:

1.) Capital Injection of $36,000 and Networth of $333,105

I've blogged quite detailed on this not too long ago and you can view them here.

This is probably one of my biggest goal to work on as I began to scale down on my savings due to some family expenses. One other thing which I have not mentioned previously was that Mrs. B has tendered her resignation from her job to become a full-time housewife. She is currently serving her notice period and should be done by the middle of Jan next month. This decision was made ourselves in consensus to give little B a better focus in growing up as he ages older. What this means financially is things will get even tighter as we are one less income as a household.

The other thing I wanted to focus for this year was to track on what I can control. I used to track down my networth as my goals in the past but no longer so much the case from now on. While I would love to see my networth grow higher, I wouldn't put too much focus knowing that these are not within our control as they are very much dependent upon the market condition. What I would work hard on is to focus on the processes and savings rate that would enable my portfolio to do better over the long run, though I would reiterate again to myself that they would not be a walk in the park.

2.) Projected Dividend of $18,000/year ($1,500/month)

The projected dividend is based on a projected Networth figure of $333,105 and a dividend yield rate at about 5.4%. This should well be within the achievable range if everything goes according to plan. By having a dividend income of $18,000/year or $1,500/month, this should take off some of the burden in the expenses which is seemingly going to keep increasing.

I used to assign each dividend dollar to a specific job in the past, for example paying off the child medical expenses. This coming year, I am going a little aggressive by assigning them a role to be reinvested into the portfolio. In other words, on top of the $3,000 fund injection I am intending to make every month, I will be using part if not all the dividend income to be reinvested into the portfolio as well. However, if there are no good investment available at the time, I will put them into the warchest fund.

The dividend should also help in navigating my personal cashflow rotation so that the working capital remain active and healthy, if needed.

3.) Improving Personal Cashflow

This is going to be hard to track in numbers though qualitatively I have been wanting to improve on controlling my personal cashflow especially on a monthly basis. I've blogged about this issue here not too long ago and it is easy to lose track and control of our cashflow regardless of how much you are earning. More is less and less is more.

I think controlling my cashflow would directly relate to testing my patience, budgeting accuracy and dictating skills. On top of increasing the frequency of the cashflow, I plan to do this by specifically using last 2 months income to dictate my spending for both this and the next month income. This only means that should things go a little sidetrack, I would have at least the current month income to buffer for any unexpected increase in the expense.

4.) Writing more regularly and Blog content

One of the goals in 2015 is to keep writing with the same level of intensity as I did this year.

I expect to end the 2014 with a total of 124 posts which translates to about 12 posts on average a month. As always, the focus is on writing better content each year which will benefit the community as much as it benefits myself learning from the community. I strive to learn from both the new and seasoned investors or writers and I believe that there are always learning points to pick out from.

I doubt I will be able to do one better this year as I'm working on a personal project which I will described a little bit more later below. With time spent on the project, I will probably need to balance my time once again. We'll see if it works out at the end of next year.

5.) Reading at least 1 book a month

LP and Henry inspired me with this one.

I think through reading books, I am able to pick out many capabilities and learning points which are shared by the author. These are very important to me because investing is more than just a capital injection or buy low sell high kind of theory. There are a lot more behavioral aspect which is not evident to me at this point in time which I need to self-realize when the time comes.

With realistically more time on my side this year, I should be able to pick up more books this year than the last. My goal is to read at least 1 book a month and I will start this off by keeping the goal realistic. I shall finally update My Books Trending page more frequently!!!

6.) Eat less than 8 instant noodles in a year

This is going to sound a little insane but I am going to start tracking the number of cup or instant noodles I eat in a year with effect from 2015.

Many of you know that instant noodles have the addictive nature of ingredients which want to make you come for more. I have been a fan of instant noodles throughout my entire life and I know how damaging it can have to your body over the long term. By setting this as part of the goal, I will be putting my resistance skill to the test, on top of a healthier body over the long run.

7.) Personal Mystery Project

As mentioned above, I'm going to work on my personal project in 2015 which I hope is going to work out by the end of next year. It's really something I hope to be doing and I'm going to put the goal as one of my own next year to attempt it.

As with all projects, they usually have a name attached to it. I do not know what to call them yet currently so I'll call them a Personal Mystery Project (PMP) for now. I'll work out the details in the coming months and hopefully it'll be a successful one by the end of next year.

So that's the end of 2014. With 2015 looming, I hope everyone stays healthy, safe and vigilant towards everything you do in life. This will be my last post in 2014. I'll see you guys again in 2015 in a few days time ;)


  1. well set for the next year, will look forward to more updates :)

    1. Hi Phileas

      Thank you for your kind support.

      Appreciate it a lot :)

  2. learn to control your appetite and how you view food goes a long way to expenses.pick it up as a project.

    1. Hi Kyith

      I'm taking it small steps at a time.

      But definitely something which I planned on turning it into a project in the near term.

  3. Hi B,

    Good for Mrs B to spend more time with little B. Many couples leave the little ones with maids and deprive the little ones bonding with parents when growing up. Anyway, all the best for your 2015 goals and objectives.

    Farmer. .

    1. Hi PIF

      Actually we hv been delaying it for about 8 months now since my son is born. Next year would provide a good mental preparation of what is going to happen. No mental shock there :)

      Good luck for your investment objectice in 2015 too.

  4. Hi B,

    All the best! Really really impressed by what you are doing. Would really wish I could emulate you some day soon

    1. Hi Dividends101

      Thank you for your kind words.

      You are starting very well.this year and im sure you do better in the year ahead.

  5. Hi B,

    Seems like very sensible goals for 2015. Mrs. B has taken a big step to stay home and take care of little B. My kudos to your family for the brave decision. My wife and I decided that we cannot survive on just one source of income alone. Haha.

    I am looking forward to you unveiling your PMP at the end of next year.

    1. Hi SRSI

      If I remember correctly you had two dependants to take care of. Thats tough if we are only a single income household. I would certainly not able to do it if I was the only one working. Maybe I will await a couple more years until income csn cover my 2nd child.

      Im equally excited about my PMP project. Hopefully they can come out to be successful and they are for the benefit of the greater public ;)

  6. One book a month? You have to read at least 1 book per week. The average CEO reads 1-2 books per week. I think you're setting the bar too low =P

    Good list of goals nonetheless. Hope Mrs. B enjoys her new gig as a stay-at-home mom. Cheers.

    1. Hi Henry

      Hahaa small steps at a time.

      With a kid now on the side, my only available time slot for blogging and reading is when he sleeps or when im inside the loo. To read 1 book per week ive got to go to the loo more often :) that's the only option.

      Thanks for your feedback though and im compiling the list of books you hv suggested on your blog.


  7. Welcome to Single Income Household!

    This is juggling more than the standard three balls in the air.

    Read? Your Road To Financial Independence is no different from Jugglers???

    1. Hi Uncle CW

      Cannot have too many balls la, I think two is enough. Oops!!! :)

      I scared the balls drop then it will be worse. Lol

  8. I think your goals are very realistic and well planned. Keep it up! Btw i remembered u commenting on st engg post previously, i recently wrote a follow up piece on st engg, hope it might interest u.


    1. Hi Felix

      Thanks for your kind comments.

      I read your post on ST Eng but somehow couldnt leave a comment on your blog. I think at 18x PER they are rather fairly priced, well but it's hard to imagine they will fall extremely hard isnt it.

      I feel they are a good investment for the long term but is unlikely to generate returns better than the sti index. Still a rather defensive company which I really like though.

  9. Hi B

    It's that time of the year where the finance bloggers write up their goals for 2015. Your writing stands out to me for the honesty in your written voice (you write in such a way that I can feel you are standing beside me and just having a chat with me) and your lucidity. Keep writing and I look forward to your posts in 2015! Best wishes as well to your missus and kiddo!

    1. Hi RetailTrader

      Thanks for your kind comments. It really means a lot to have support like you. Appreciate it a lot!!!

      Hope to be able continue interactinf with you in the new year ahead. Good luck with your trading and excel in what you do best :)

  10. Replies
    1. Hahaha the classic grasshopper and ants story again ;)

    2. 1) CW,

      Not enough food to go round in winter, the less grasshoppers the better! I can do with less competition from other male grasshoppers ;)

      2) Congratulations to your e-publishing and public education projects! Wink, wink.

    3. Opps! Forgot greetings and salutations to B :)

      2) B,

      Congratulations to your e-publishing and public education projects! Wink, wink.

    4. Hi SMOL

      What does grasshoppers, ants, wine and geyland have in common?

      The answer is SMOL and Uncle CW!!! Lol

      Wah how come you are guessing my personal mystery project huh? :D wink wink

  11. Hi B,

    Very well thought-out and personal goals. This has to be the first time I know of someone tracking the number of packets of instant noodles they consume in a year!

    1. Hi Secretinvestors

      Hahaha sometimes we as bloggers are a bit absurd in everything quantifiable. Maybe a few years later we count the number of white hair strands we have for that year. Lol.

    2. Haha I sure hope I won't end up doing that in the future :-)

  12. Hi B,

    Cup or packet noodles? Different price wor!!! Hahahaa.. Financial bloggers track all expenses to the last drops!!! :p

    I used to eat so many instant noodles a year when I stayed in hostel, that my I grow so sick of it. But still eat it because of its efficiency.

    Health is number 1 importance! Eat quality and run faster!

    Your wife sacrifice is commendable. I always admired women who stop work for the house.

    Bring in one more bb in 2015! More valuable than your portfolio! :p hahaha LOL

    1. Hi Rolf

      Still catching up with you.

      Number 2 will need to come sometime in 2016 or 2017 at least. They are too precious not to give them the best.

      You probably will have an even busier year in 2015 ahead. I would be very interested to hear your experience dealing with it sometime soon :)

  13. Hi B,

    These sound like fantastic goals for 2015, even if you only achieve a couple of them you'll have had a great year!

    Your personal mystery project sounds very exciting, hope we get to hear more about it during 2015!



    1. Hi Jason

      Thanks for your kind word as always.

      It may look like a rather simple and straightforward goals to meet, but if I can do them well, I think I would have had a fantastic year.

      The personal project is something I have always feel like doing. It'll be interesting to see if hopefully it works out.

  14. B,

    Excellent list of goals for 2015! I sincerely hope you make all of them. I wish I could say I'd have a project income of $18,000 already because that would make me financially independent.

    Good luck,

    1. Hi NMW

      For a single life I would hv already achieved partial financial freedom probably but for a family size the pool needs to grow bigger.

      I guess im cautiously watching out the growth and market conditions to ensure limited risk and exposure during recession times.

  15. Great list of goals. Wishing you and your family all the best in the days ahead! Ganbatte!


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