Passive Income Update – Goals for 2017

I spent the first weekend of January setting the goals for 2017. I do track my goals regularly and 2016 was a mixed bag where i managed to hit 50% of the goals set (quite an achievement already! lol)

Your goals will depend on the life cycle which you are in and i have set some very “stretched” goals for myself for end 2017 (not all are listed here):
  • Achieve passive income of $60,000 per year
  • Achieve trading income of $1,000 per month
  • Travel to 3 new places or cities
Goal 1 – passive income of $60,000 per year
 
My eventual target is about $120,000 per year so i am still a long way from this. The idea is to build up a portfolio of bonds and dividend paying stocks. My existing portfolio is projected to generate around $36,000 for 2017 on a blended yield of 6.6%, so i …
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