At the start of the year, I set myself 11 goals (mainly financial) and I record my progress against them on a monthly basis. Below is my 2014 Financial Goals update for September. Without getting complacent, I think I’m progressing quite well…
Following three months of 7.5%+ increases in my net worth, I was overdue a bit of a correction. Luckily for me, despite taking a hit in the market, September still managed to come out positive…just!
You can check out my original goals which I started in November 2013 here:
Equally, you can find a 2014 financial goals update for each month within the 2014 goals section of the site.
2014 Financial Goals Update – September
My month of September was a little mixed, but I’m never going to be too upset about a positive monthly change (however small it is). Remember the “2014 total goal” is 14 months from November 2013 – December 2014:
- YTD vs Total % shows my performance to date as a percentage of my total goal
- YTD vs Target % shows my performance to date as a percentage of my expected performance upto September (pro-rata)
2014 Financial Goals Update – Year to Date progress
2014 Financial Goals Update – Top Successes in September
I have now completed four out of eleven full-year goals. In this month, I completed my dividend goal and progressed in others.
Goal 4 – I paid off another £435 towards my mortgage principle to keep me pushing towards my annual goal here. Only another £1135 to go, which I should be able to paid in the next 3 months unless we have any emergencies. Looking good here…
Goal 5 – A smooth month on the rental property taken us within £19 of the annual goal. Unfortunately, this might be where this stays. Having moved back to the UK from France in September, our tenant moved out and we have decided to temporarily move back into the property until we can sort our UK mortgage positions. Therefore, the rental income on the property will probably be zero for the rest of 2014, leaving me painfully short from achieving this goal!!
Goal 7 – Following Q3 dividend distributions on my market tracking ETFs (which form over 90% of my equities portfolio), my dividend income for the year has now surpassed my annual goal. This cannot reduce, and therefore moves into “completed” territory for the year.
2014 Financial Goals Update – Top Failures in September
Goal 1 – A failure compared to previous months, but in the bigger picture it isn’t too bad. The FTSE 100 fell by 4% in September and my overall portfolio fell by almost 5% given my exposure to other international markets. Given this fall, and the expense of moving countries, I’m fairly happy to achieve any positive growth and 0.9% increase should not be scoffed at. AIso, this led to another month’s success in goals 2 and 3, which I’m very happy with.
Goal 10 – I was hoping for a perfect month here, but I’m still behind schedule following a big day of eating and drinking for our “welcome back to the UK” party and a friend’s wedding. C’est la vie.
Let me know what you think of my 2014 Financial Goals Update for September in the comments below. Now we are entering Q4, how are you doing with your financial goals?