Sunday 16 January 2022

Let’s go! 2022 | Financial Goals

I am now nearer to the 30s than to being 20 as I will turn 27 in 2022. Shocking how time flies but 2020 and 2021 cannot be considered as being normal (as we stayed at home and time flew past doing nothing) so maybe I am actually still 25 years old? HAHA, I do really get a sense that I have wasted 2 years away because I haven't had to experience many things. I was supposed to fly overseas but that didn't happen as with the other trips that would have normally been planned. As we experience some back to normal (back to office physically), I like to also list down some financial goals for 2022. Just a short one for me to revisit at the mid-year mark and end of year to see how I am progressing.

As I mentioned in my end of year portfolio review, I am at about $80,000 in total for my investment portfolio so hoping to have some form of growth (capital injection + growth of current holdings)

  • Have my investment portfolio break $100,000 or best case scenario, $150,000

As I also mentioned that I like to have some cashflow build up through my portfolio, I will also be aiming to:

  • Have at least $100 in passive/interest per month using various methods

My cash position have been reducing at a fast pace that is pretty astonishing to me. Although this has helped my investment portfolio to accelerate, it does feel scary seeing my low balances. So for 2022, I like to also build up a larger war chest aside.

  • Build up a larger war chest, at least minimally 10% of total investment value. (Currently, I hold $0, DCA every month and just throws in everything except emergency fund)

Don’t want to set too many goals as most of it will involve an increase of cash which I think if I remain in my current job, there won’t be much increase in my monthly salary except for bonuses which depends as well. So let’s keep it at 3 goals. See you in mid 2022 again for a review! Thank you and subscribe to my channel for more content! Been a little lazy since 2022 started but I do have many things to write about!

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