Every quarter I publish a report of what I achieved during that period, regarding my business, investments, and health. I review every major goal that I set for myself during the past year, and discuss about what happened to that goal to see if I am on track to achieve it.
I am writing these reviews to keep myself accountable and to really make a deep review of the past year. I also hope that these reviews can be inspirational for you and help you review of your own goals! Or you can also simply read this review to laugh at all my epic failures 🙂
Goal #1: 8000 Euros/month of Business income
Not on track. My main goal for 2016 is still to reach 8000 Euros/month solely from my online business, which mainly consists in selling eBooks and other digital products. To be on track with my yearly goal, I should have reached an income of 7000 Euros per month at this point of the year.
I ended up at a nice average of about 4,500 Euros per month during the last quarter, but I am still quite far from my goal. Once again, I really need to push my efforts on the business side during the last quarter of this year. I already made some changes in my business, like stop spreading my efforts on too many projects that were not generating any money & attention.
I will definitely continue in this direction, focusing on what is really important for me & working at the moment. I am also experimenting a lot with Facebook ads, which I actually knew nothing about a few months back, so I hope this will help as well in the future.
Goal #2: Have 250,000 Euros in my Investment Portfolio
On track. For the income coming from investments, I count income coming from dividend paying stocks, real estate, Peer-to-Peer lending, and also my from my investments in profitable websites. My goal for 2016 is to reach 3000 Euros per month of income coming solely from those investments, or having 250,000 Euros in my portfolio invested at a 12% average yield.
For this quarter, I am still on track to reach my goal with already 234,564 Euros in the portfolio. Here is the detail of my yearly goals & my current investments:
- 87,500 € in dividend paying stocks (82,810 € already invested): 95% already achieved
- 87,500 € in real estate & REITs (55,445 € already invested): 63% already achieved
- 42,000 € in Peer-to-Peer lending (40,650 € already invested ): 97% already achieved
- 35,000 € Euros in profitable websites (38,433 € already invested): 110% already achieved
I will continue to reinvest the profits of my online business into my favourite investments, and I should reach my yearly goal before the end of the year.
Goal #3: Build a Solid Team of at Least 5 Persons
Achieved. My business is still growing, and more than ever I need a solid team of people to help me out in my daily work. My goal for this year is simply to have a team of 5 people working part-time for me.
I recently added an accountant to my team (finally!), so I now have 5 people in my team, including a virtual assistant, a technical content writer, a podcast editor, a video editor, and now an accountant. However, I still need to focus on delegating more and more tasks to my team, as I really felt overwhelmed by work during the past months.
Goal #4: Travel to at Least 4 Conferences to Meet Like-minded People
Not on track. This year, I decided to go to at least 4 conferences about either online business, entrepreneurship, or investing, in order to meet other like-minded people.
That’s really a goal where I failed so far, as I didn’t have the time to go to any conference this year. I am still running late on several projects that I want to achieve before the end of the year, so this is a goal that’s really gonna be challenging to achieve before the end of the year.
Goal #5: Read 24 New Business Books
On track. It’s so important for me to continuously learn new things. I still regularly listen to podcasts and watch Youtube videos about business & investing, but more than anything, books are still where I learn the most important things about business. This year, I want to read 24 near business books, and so far I’ve read 18 books. Time is running short, but I am still confident that I will achieve this goal by the end of the year.
Goal #6: Reach a Bodyweight of 82kg While Keeping my Body Fat Below 20%
Not on track. My last goal is about my health, and I want to reach 82kg (yes, actually take some weight!) while keeping my body fat under 20%. I am currently at 81.1kg, so nearly at my goal, but again my latest body fat measurement (using a Skulpt body scanner) showed an overall body fat of 23%, so I will still need to reduce this during the next months by doing more cardio for example.
This is the end of this quarterly review, and I hope that you enjoyed reading it. Make sure not the miss the annual review in 3 months from now!