Score Card on SMART Goals for 2020

Score Card on SMART Goals for 2020

Here is the score card on my SMART goals for 2020 (S – Specific, M – Measurable, A – attainable, R – relevant, T – time-based) that I have set for myself. With the COVID-19 pandemic disrupting everyone lives, how did I fare this year?

Let us recap the question “Who do I want to be?”

I want to be a better parent, a better leader at work, a healthy and fit person and to have less financial stress from daily necessities of life.

How do I want to show up?

1. A Better Parent

1a) Do at least 1 activity together per month

1b) Contribute at least S$600 to each of my child OCBC Young Savers Account

2. A Better Leader

2a) Read 12 Self Improvement Books

2b) Watch 12 Courses From Udemy

3. A Healthier and Fitter Me

3a) Run 300KM

3b) Workout at Gym 36 Times

4. Less Financial Stress

4a) Achieve 11.5K of Passive Income

4b) Purchase 8K Worth of Singapore Savings Bonds

How Did I Fare? Score Card on SMART Goals for 2020

1. A Better Parent

With the COVID-19 virus still lurking around, I get to work from home on certain days since government policy says that only 50% are allowed to be in the office at any time. As such, I get to spend more time with my children at home.

With the availability of the vaccine, certain workplace restrictions may be lifted as we enter phase 3.

We are still avoiding parks and sport facilities as those places tend to be very crowded and there is also limited capacity such as swimming pools. Our usual activities for the weekends are eating out at shopping malls where we hunt for good restaurants to enjoy a good meal together.

Regarding the contribution of at least S$600 to each of my child OCBC Young Savers Account, I am glad to declare that I have met that goal. I have been discipline to transfer S$50 to each of my child’s savings account each month. My hope is that their savings account will not be so empty when they reach their teenage days.

2. A Better Leader

I failed badly at trying to make myself read 12 self improvement books this year. I read only 5 books this year.

April 2020

  • Goodbye Things – Fumio Sasaki
  • Make Space – Regina Wong

August 2020

  • The More of Less – Joshua Becker
  • 100 Side Hustles – Chris Guillebeau
  • Atomic Habits – James Clear

On a positive note, I watch a lot more than the target of 12 courses from Udemy that I have set for myself. Finding content on Udemy is easier than hunting for books to read.

April 2020

  • 7 Scientifically Proven Steps to Increase Your Influence
  • Self-Confidence: 40 minute Confidence and Self Esteem Guide
  • Radiate Confidence: How to Create a 1000 Watt Presence
  • How to be Successful: Create A Growth Mindset For Success
  • Time Management Mastery: Do More, Stress Less
  • Stress Management: 40+ easy ways to deal with stress
  • Time Management Secrets For Busy People

August 2020

  • Modern Productivity – Superhuman Focus In A Distracted World
  • Leadership: Practical Leadership Skills
  • Best Practices for Working Remotely
  • Work From Home: Where to Start and How to Succeed
  • Agile PM 101 – Learn the Truth about Agile versus Waterfall
  • How to Manage and Influence Your Virtual Team
  • 30 Day Challenge to a More Productive and Much Happier You!
  • 20 Free Life Hacks to Inspire You to Excel in Business and Life

September 2020

  • 101 Crucial Lessons They Don’t Teach You In Business School

3. A Healthier and Fitter Me

Forget about the gym, there are simply too many restrictions due to COVID-19. Instead, I opt for spending more time jogging outdoors. I ran a total of 487.7KM this year averaging 2 runs a week.

4. Less Financial Stress

I have collected a total of S$15,532.60 worth of dividends in 2020. This is far above my target of 11.5K of dividends. The reason? All thanks to the special dividend announced by Convenience Retail Asia.

The COVID-19 pandemic has emphasis the importance of having a diversified portfolio. While REITs in retail sectors fell, REITs in industrial and logistics held up well.

Last, I have stopped my regular purchase of Singapore Savings Bonds since March 2020 as the interest rates are simply too low. Instead, I have stashed 10K into Singlife Account since it pays out 2% return per annum. On top of that, I am also topping up my Dash EasyEarn Account regularly since Dash EasyEarn also pays out 2% return per annum.

Below, I end off with what I learnt on goal setting in 2020.

Instead of setting goals, we should make it into a habit. The reason is that once we reached the goal, it ends there. But if we make it into a habit, this becomes part of our live, and it follows you forever.

August Checkpoint on SMART Goals for 2020

SMART Goals

Here is the August checkpoint on SMART goals for 2020 (S – Specific, M – Measurable, A – attainable, R – relevant, T – time-based) that I have set for myself.

In the second quarter of this year, I read about Chris Guillebeau. We should always track and check the status of our goals daily, weekly, monthly or quarterly so that we do not lose focus. Constant tracking of our goals ensure that we are making progression towards achieving our goals at the end of the year.

So here I am doing my third quarter checkpoint of the year.

Goals Status Not Met / Met
A Better Parent
Do at least 1 activity together per month April 2020

Before the sports facilities are closed before COVID-19 outbreak, we do go swimming together as a family once a week. We also visited the arcade at least once a month.

August 2020

Circuit breaker has ended and people are allowed to leave their homes. However, we are still avoiding parks and sport facilities as those places tend to be very crowded.

Instead, we are choosing to dine together as a family outside in a nice restaurant. This allows us to spend some time together rather than indulging our individual time on our own electronic devices.

Met
Contribute at least S$600 to each of my child OCBC Young Savers Account April 2020

I have contributed $150 to each of my child savings account from January to March.

August 2020

I have not been very discipline in contributing to my children’s savings account. I missed out the contribution for June and July. I will make the contribution this month.

Not Met
A Better Leader
Read 12 Self Improvement Books Below are some good reads that I have borrowed from National Library.

April 2020

  • Goodbye Things – Fumio Sasaki
  • Make Space – Regina Wong

August 2020

  • The More of Less – Joshua Becker
  • 100 Side Hustles – Chris Guillebeau
  • Atomic Habits – James Clear
Not Met

(3 book short  since now is August. I am supposed to read 1 book each month)

Watch 12 Courses From Udemy April 2020

  • 7 Scientifically Proven Steps to Increase Your Influence
  • Self-Confidence: 40 minute Confidence and Self Esteem Guide
  • Radiate Confidence: How to Create a 1000 Watt Presence
  • How to be Successful: Create A Growth Mindset For Success
  • Time Management Mastery: Do More, Stress Less
  • Stress Management: 40+ easy ways to deal with stress
  • Time Management Secrets For Busy People

August 2020

  • Modern Productivity – Superhuman Focus In A Distracted World
  • Leadership: Practical Leadership Skills
  • Best Practices for Working Remotely
  • Work From Home: Where to Start and How to Succeed
  • Agile PM 101 – Learn the Truth about Agile versus Waterfall
  • How to Manage and Influence Your Virtual Team
  • 30 Day Challenge to a More Productive and Much Happier You!
  • 20 Free Life Hacks to Inspire You to Excel in Business and Life
Met

(15 self learning videos watched)

A Healthier and Fitter Me
Run 300KM April 2020

I have ran a total distance of 165.7KM from January to March.

August 2020

I have ran a total distance of 324.81KM from January to August.

Met
Workout at Gym 36 Times April 2020

I used to visit the gym once a week. I have only managed to visit the gym once in January before the COVID-19 outbreak. The gyms are closed due to the COVID-19 outbreak.

August 2020

I am still avoiding the gyms due to COVID-19.

Not Met

(Impacted by COVID-19)

Less Financial Stress
Achieve 11.5K of Passive Income April 2020

The stock market has crashed due to COVID-19 outbreak. With REITs slashing dividends payout, I doubt I am able to achieve this goal in 2020.

August 2020

Only $7,206.93 worth of dividends collected so far. Based on projection, I am unlikely to meet this goal.

Not Met

(Impacted by COVID-19)

Purchase 8K Worth of Singapore Savings Bonds April 2020

I have purchased S$1000 worth of Singapore Savings Bonds from January to March. With falling interest rates, I am still hesitating if I should continue my regular purchase of Singapore Savings Bonds.

August 2020

Due to the falling interest rates of Singapore Savings Bonds, I am placing my monies elsewhere such as Singlife and Dash-EasyEarn.

Not Met

(Skipped purchase of SSB since March 2020)

COVID-19 has certainly disrupted some of my resolutions for 2020. Even though the virus is a killer, the disruption from the pandemic did not turn out so bad after all.

During the circuit breaker period where all the shopping malls are closed, I could spend the extra time exercising and online learning.

During the stay at home period, I watched on Udemy the videos “30 Day Challenge to a More Productive and Much Happier You!” and “20 Free Life Hacks to Inspire You to Excel in Business and Life” by Chris Haroun. The video has changed my perception towards work and life. I encouraged you to watch them.

I also strongly recommend this book “Atomic Habits” written by James Clear. Instead of setting goals, we should make it into a habit. The reason is that once we reached the goal, it ends there. But if we make it into a habit, this becomes part of our live, and it follows you forever.

That is all my updates for August 2020 and I shall do my last checkpoint in December 2020.