My Sweet Retirement Mid Year Checkpoint 2019

I was too busy with work that I have neglected or forgotten the goals that I have set for myself in the year 2019 (Read more: My Sweet Retirement Goals for 2019). I should have done a mid year checkpoint back in June 2019. But well, let me review the goals that I have set for myself before August ends.

#1 Achieve 11K of Passive Income

One of the best features that I liked about Stocks Café is the report function whereby I can see the projected dividends based on the stocks that I held in my stock portfolio. The total dividends that I am expected to receive in 2019 is S$10,359.54. This means I am S$640.46 away from my goal of achieving 11K of Passive Income.

This year, I have made a major purchase, which is SPH REIT. SPH REIT currently makes up 11% of my stock portfolio. This has given my dividends collected a booster. One of the things that I have noted is that this was the only purchase I made this year. Am I being over conservative? I need to reflect on this.

#2 Declutter

This goal that I have set is difficult to measure but I have since done the following:

  • Throw away expired food and sauces that occupies my fridge.
  • Bought two bookshelves to organize my children’s books and my books.
  • Throw away paper bills that lay around my table for months.
  • Stopped buying multiple bottle of shampoos and throw away empty bottles in my toilet.

Before I buy anything, I will always think “Do I really need it?”. This has reduced wastages as sometimes I stock up too much food and ended up throwing them away when they expire.

#3 Contribute Back to Society

I have recently donated to Hair For Hope 2019 which is an annual event by the Children’s Cancer Foundation to raise funds. (Read more: My Sweet Retirement Donates to Hair For Hope 2019). Cancer is a terrible illness and I hope the small amount that I donate make a difference to those children who are suffering due to cancer. Children are our future.

Before the end of the year 2019, I do hope I make another donation. I have not yet decided on the charity organisation yet.

My Sweet Retirement Goals for 2019

I should have done this last year back in December 2018 but honestly, I didn’t know what I wanted to achieve in the year 2019. Goals have to be SMART (S – Specific, M – Measurable, A – attainable, R – relevant, T – time-based). Giving myself 1 month to think about it, here are the things that I wanted to focus on in the year 2019.

#1 Achieve 11K of Passive Income

The total amount of dividends collected in the year 2018 was $9,789.19. I have not met this goal in 2018. I am still $1,210.81 away from my goal of achieving 11K worth of passive income from dividends collected. I am maintaining my goal of achieving 11K of passive income in 2019 instead of increasing it as increasing it will become not realistic for my current financial situation and not attainable.

If you didn’t know, I am using StocksCafe to track my dividends as it automatically tracks dividend payouts and there is no need for manual entry. This has saved my a lot of time.

#2 Declutter

My second goal seems to be difficult to measure. The book that I read not long ago gave me lots of inspiration. My life is too cluttered and at times I find it difficult to find inner peace. I have hogged on to things that I do not need such as books, souvenirs etc. Perhaps a good measure of this goal is to stock take the unwanted things that I give or donate away.

“It is easier to be happy when you are not surrounded by the confusion and the clutter of life.” – Unknown

#3 Contribute Back to Society

Attending the Alpha Summit gave me this urge to contribute back to the society like what The Fifth Person did. If you didn’t know, they donated frequently to charity organisations and during the Alpha Summit, they have donated to built a school in Africa. Being a financial blogger doesn’t mean that we always earn money for ourselves.

In the pursue of financial freedom, I must not forget how lucky we are as compared to some who are unfortunate. Even though I am already donating to a charity organisation from my monthly salary, I wanted to do more. As such, I will be contributing a portion of my Adsense earnings from this blog to a charity organisation of my choice around the end of 2019. The amount might not be significant but I hope to do my bit.

You can help too by supporting my blog and providing me with feed backs on my posts.

That is all I have planned for 2019 and I shall revisit the above goals towards the end of this year!

My Sweet Retirement Top 10 Financial Posts in 2018

We are finally in the last month of the year 2018! When I started MySweetRetirement website, I have never expected to make it so far. Given my busy work schedule, I only have time to do research and analyze stocks at night. Writing personal analysis of stocks allows some form of structured thinking and guidance towards my final decision whether to invest or not to invest in those stocks I found.

At the end of every month, I will review and update my stock portfolio. This allows me to have a quick overview of my investments and not over-allocating my monies into any single stock. In short, I am planning for a well diversified stock portfolio.

I hope you have enjoyed my posts so far. Likewise, I have benefited from your comments as well.

Below are the top ten posts in the year of 2018.

#1 My Personal Analysis of Singtel

My Personal Analysis of Singtel

#2 Why I Switched to DBS Multiplier Account

Why I Switched to DBS Multiplier Account

#3 Goodbye Suntec REIT

Goodbye Suntec REIT

#4 Fixed Deposit Promotions in October 2018

Fixed Deposit Promotions in October 2018

#5 Earn More Interest With DBS Multiplier Account + Singapore Savings Bonds

Earn More Interest With DBS Multiplier Account + Singapore Savings Bonds

#6 CIMB Bank 9th Birthday Fixed Deposit Promotion

CIMB Bank 9th Birthday Fixed Deposit Promotion

#7 My Personal Analysis of Silverlake Axis

My Personal Analysis of Silverlake Axis

#8 September 2018 Singapore Savings Bonds is 2.44%

September 2018 Singapore Savings Bonds is 2.44%

#9 Profit Update After A Month of Mining Ethereum

Profit Update After A Month of Mining Ethereum

#10 What To Invest Now?

What To Invest Now?