2014 Goals – May update of my 2014 goals

Following some positive moves in my April goals update, May has also been pretty positive.

Out of my twelve goals this month, I have beaten my monthly target in ten of them (with the two failures very much being investments for the future months – and years…).

You can check out my original goals which I started in November 2013 here:

2014 New Year Goals & Resolutions

 

 

2014 Goals – May update

My month of May looked like this:

 

Overall, for the “year to date” (Nov – May)

 

 

 

Year to Date progress

 Goal 1 – Increase net wealth by over 56% – FAIL – 24.4% compared to 28.0% required

 Goal 2 – Positive net wealth growth 12/14 months – PASS – 6/7 months (+4.23% in May)

 Goal 3 – 60% net income saves 12/14 months – PASS – 6/7 months (62% in May)

 Goal 4 – Pay £7,000 £20,000 off mortgage capital – PASS – £17,135 compared to £10,000 required

 Goal 5 – Make £700 profit from rental property – FAIL – £166 compared to £350 required

 Goal 6 – Fill 2014 stocks & shares ISA – PASS – £8,000 compared to £7,500 required

 Goal 7 – Earn over £450 £900 in dividend income – PASS – £592 compared to £450 required

 Goal 8 – £700 profit from moneystepper – FAIL – (£317) compared to £350 required

 Goal 9 – Save £6,000 for our wedding – PASS – £3,500 saved compared to £3,000 required

 Goal 10 – Only eat bread twice per week for the month – FAIL – 1 compared to 1.3 required

 Goal 11 – Eat under 2,500 calories 365 times – FAIL – 177 days compared to 183 required

 Goal 12 – Visit 5 foreign countries – PASS – 3 compared to 2.5 required

 

2014 Goals – Top Successes in May

Goal 1 – After an 8% increase in April, May has seen another above target boost of 4.23% to the overall net wealth. Given the failures/investments noted in the section below, I’ve been pretty chuffed with this. It was partly due to accounting reasons (we only book our annual profits (capital growth not included) from our property in June – this is our fake “year-end” for some reason), but also a strong performance in the market with my share portfolio up 3.4% in the month. Let’s keep it up!!

Goal 7 – Given that most of my dividend income rolls in quarterly, I was pleased to beat my monthly target in May, which isn’t usually a month with a dividend flurry.

Goal 12 – And another month with travel. This time a long weekend to Malta, for my first visit there. It was nice, but a little too….English!

 

2014 goals – Top Failures in May

As I did in April, rather than “failures” I have stories…

Luckily, they are real stories, rather than just excuses and each will be beneficial in the medium and long-term even if they make the month look a little ugly.

Goal 5 – After months of communication with the council, our management company, solicitors and everyone else in the world, we have finally extended our lease on one of our properties. Therefore, a big hit for surveyor and legal fees hit the books this month, but this will equate into a great deal of positive value in the long-term on the property. Therefore, our YTD profit on the property has taken a hit, but not so much that it can’t be rectified before year-end!

Goal 8 – Another previous PASS now turned into a FAIL. My commitment to moneystepper is about to get a lot more serious. As such, I’ve invested a fair amount into the website in May which will hopefully pay dividends in the long run. More on this to come…

 

So, how did you get on with your goals in May? I would love to hear about them.

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