It is the time of the year again to make new financial resolutions. But before I start, this is my current financial health at the end of 2010.
1. Achieve almost $200/month of dividends
2. Expenditure of $1, 000/month
3. Cash savings of $6, 000
I try to make my resolutions as "SMART" as possible, meaning "Specific", "Achievable", "Measurable", "Relevant" and "Timed". The following are my new Financial Resolutions for 2011.
1. Achieve $350/mth of dividends by Dec 2011 -----> Increase Income
This year, I aim to increase my passive income flow to $350 per month. Base on my current dividends portfolio, I did some calculations. The projected total dividends I will be receiving (if I dun alter my portfolio much) is roughly $4, 200. At the same time, I hope to maintain the overall yield of my dividends portfolio at around 7%. This will enable me to beat ......
