My 2018 Year in Review

Financial Goals-
  • Fully fund both my Roth IRA ($5,500) and 401K ($18,500) accounts. – PASS; Both accounts have been fully funded for the first time!
  • Set aside at least $2,000 total to allocate to my taxable brokerage and housing down payment fund per month. – PASS; Average $2,082 allocated each month
  • Increase my total net worth to $115,000 by 12/31/2018. – PASS; Just barely made it at $115,696.86!
  • Hold at least $100,000 in invested assets (should not include cash) by 12/31/2018. – FAIL; Only $86,916.54 invested balance
  • Hold dividend taxable brokerage account balance of at least $25,000 by 12/31/2018 (Can include uninvested cash held in account). – PASS
  • Receive $500 in total dividend income. – PASS; $523.90 received in dividend income in 2018!
  • Allocate $200 per month to a new car fund. – PASS
Health/Spirituality Goals-
  • Sign up for one 5K’s or one 10K by September 2018. – FAIL
  • Donate at least $50 per month to church or reputable charitable organization. – PASS
Travel Goals-
  • Allocate at least $50 per month to my travel fund. – PASS
  • Take a least 1 domestic trips/international trips and 2 weekend/road trips. – PASS; San Antonio, Ocean City, Los Angeles, Houston, Spain (I’ve really blown this one out of the park!)
  • Take a solo trip. – PASS; Spain in October

2018 Net Worth Reviewed

In December 2017, my total savings were $71,546. My total debts were $9,694.74.

My net worth as of December 2017 was $61,851.26.

This year, I continued the strides I made in 2017 and continued to dedicate my focus to increasing my net worth without focusing solely on debt reduction. I had a goal to reach $100K in three different ways – $100K in total assets, $100K in network and $100K invested in the market. I continued to focus on reducing my living expenses as much as possible; however, I did allow myself to enjoy the gains I’ve made by spending a bit on travel. Let’s see how this affected my goals in 2018.

As of December 29, 2018, here is my financial situation:

Debt

Student loans:

$2,035.87 at 3.4%

$1,711.00 at 4.5%

$3,650.27 at 5.0%

Total student loans: $7,397.14

Car loans:

$0 balance

Credit Cards:

$0 balance

 Total Debt: $7,397.14 (decrease of $2,297.60)
Savings
 Retirement accounts:

$55,942.65

Personal Savings:

Emergency Fund balance at $10,661.89

Investment portfolio account balance: $36,506.33

Miscellaneous Savings for various goals: $19,982.33

Total Savings: $123,093.20 (increase of $51,547.20)

NET WORTH: $115,696.86

I reached 2/3 of my goals this year; I didn’t end the year with $100K in invested assets but I did achieve $100K in total assets and $100K in net worth. For this, I’m grateful for what I have been able to accomplish thus far and I am absolutely looking forward to making great strides towards financial freedom in 2019!

Thanks for reading.

Images: Upsplash

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Dividend Income Update // August 2018

August Dividends

  • Kinder Morgan, Inc. (KMI) – $5.60
  • Starbucks Corporation (SBUX) – $11.88

Total dividends received for the month of August: $17.48

August is another slow month for me but I still managed to make over $17 bucks just from holding onto shares.

Thanks for reading.

Dividend Income Update // April 2018

April Dividends

  • PepsiCo. (PEP) – $8.05

Total dividends received for the month of April: $8.05

After an amazing month like March, it’s hard not to get discouraged with a low paying month like April. However, $8 could cover my lunch during one day of the week so I’ll take it!

Thanks for reading.

Dividend Income Update // June 2018

June Dividends

  • Johnson & Johnson (JNJ) – $18.00
  • Amgen, Inc. (AMGN) – $27.72
  • Pepsi Co, Inc. (PEP) – $18.55
  • Intel Corporation (INTC) – $6.60
  • Microsoft Corporation (MSFT) – $5.88
  • T. Rowe Price (TROW) – $21.00

Total dividends received for the month of June: $97.75

Hey there! Another month has come to an end, I’ve tallied up my dividends and low and behold…I’ve nearly crossed the $100 mark in monthly dividend income. Now this doesn’t mean that I’m making almost $100 in dividend income every month (I’m currently averaging ~$46 per month) but it feels fantastic to be so close to crossing that milestone.

June is historically a higher payout month and June 2018 surely did not disappoint!

Thanks for reading.

Images: Death to the Stock Photo with graphics added by One Woman’s Worth.

Dividend Income Update // May 2018

May Dividends

  • Kinder Morgan, Inc. (KMI) – $5.60
  • Starbucks Corporation (SBUX) – $9.90

Total dividends received for the month of May: $15.50

May is always a slow month for me but I still managed to make over $15 bucks just from holding onto shares. Not a bad way to make a few dollars!

Thanks for reading.

Images: Death to the Stock Photo with graphics added by One Woman’s Worth.

Dividend Income Update // March 2018

March Dividends

  • Johnson & Johnson (JNJ) – $16.80
  • Amgen, Inc. (AMGN) – $19.80
  • Intel Corporation (INTC) – $6.60
  • Microsoft Corporation (MSFT) – $5.88
  • T. Rowe Price (TROW) – $21.00

Total dividends received for the month of March: $70.08

This March update represents a 41% yoy increase over last year’s published dividends; such a wonderful feeling!

Thanks for reading.

Images: Death to the Stock Photo with graphics added by One Woman’s Worth.