As is the case at the beginning of each year since I started this blog, I setup my goals for the year. I usually do a mid-year revision to make sure I am on track with all of them. However, this year, since I was quite aggressive with both my personal and business goals, I have decided to review them quarterly. I really want to achieve all of them so I better take a look at where I stand:
#1 Paying off all my credit cards
This is probably where I suck the most of all of my goals! I’m definitely bad at paying off debt as I always find an excuse to spend more money. I guess it comes with the fact that I tend to make more money so I don’t see the problem. As I mentioned last week in my net worth update, I will be able to use my tax refund to drop my credit cards (and I’ll eventually sell my stocks to clear one of my cards later on…).
So far, I can’t say that I am ahead of target, but I know I have several cards, excuse the pun ;-), in my hand that I have yet played. This is why I am not too worried right now…
#2 Increase my Net Worth to Over 200K
This is definitely not a problem as I count on my assets increasing to reach it ;-). My pension plan update (in April or May) will give it a great help. Combined to a hot housing market and a growing value of the shares in my business. I am convinced I will reach this goal if I continue working on building my assets.
#3 Be One of the Top 3 Financial Planners in Montreal – Make 150K
As of the last reports, I was part of the best performing financial planners for a 3rd year in a row. I’m aiming for a record year. So far in terms of net $ brought under management and percentage of objectives achieved (I’m looking at finishing the year over 200% of goals right now). While it is pretty hard to say if I’m on track to be top 3 or not, I know that I am doing well in my book, that’s what matters right now. I just have to avoid the “summer blues” and not slack off during the sunny months… I’m not on vacation yet!
Online Business Goals:
#1 Generate over 250,000 visits per month with my blog network
Having 2 VAs has definitely helped me to grow my traffic. They have helped me by doing keyword research and search engine optimisation of specific articles. As of my last monthly income report, I have achieved more than 230,000 visits. Summer time is coming so the traffic should go down around 200,000 visits. However, my network should be ready for another peak of traffic in September. I should be able to reach my goal.
#2 Write a free ebook and hit 500 downloads
This is where I am getting a bit late! My ebook layout is ready (it will be about dividend investing) and I have started to write it. The plan in April is to complete the ebook and send for editing and formatting so I can launch it in May. This is going to be a tough one!
#3 Create my first product (ebook) and sell 100 copies
Of all my personal and business goals, this is probably the hardest one to achieve. I first need to learn from my free ebook experience before writing one that costs something. Since I want to sell my second ebook, I want to make sure it’s professional and worth every penny you will pay.
I am convinced that my ebook will be ready by the end of the year but selling 100 copies will be pretty darn hard. I will have to work on a huge marketing plan I guess ;-). However, I have my idea for the book and I know that it will worth it for many buyers!
#4 Create 10 niche websites and make a minimum of $100 per month with each of them.
Niche website creation has been quite an adventure since the beginning of the year. I am learning a lot about creating a static website structure, search engine optimization and promotion. I’m only making a few bucks per month so far but the creation is going well. I currently have 2 sites up and running (Home Security System Canada and Second Hand Saddles HQ), and I am almost finished with my third one (What is Dividend?). I can tell you that my third one is much better than my first 2 sites in term of quality content and keyword optimization. I think I have found a way to create high quality content and make money out of it at the same time (basically, reproducing my blog model into a niche website). I’ll announce my new website shortly.
#5 Switch The Financial Blogger’s direction from Personal Finance Blog to a PF/Online income blog
Of all the goals, this one was achieved quicker than I thought. I wasn’t quite sure how you would react to the change of direction for my main blog. But I have rapidly discovered that most of you are very interested about discovering what I do to make money online. I will still hold onto the personal finance stuff as well as I think it’s part of this blog’s nature. In the end; all means are good to reach financial freedom; making money online or managing your personal finances the right way ;-).
The next step
Since the beginning of 2011, I am pretty much focused on what I have to do. However, preparing this recap helps me ensure I devote my energy to the right tasks. Right now, my priorities for the next quarter are:
– To avoid spending too much money
– Working hard at work and avoid slacking off because it’s sunny outside!
– Finish / edit my 3 niche websites and start a 4th one.
– Finish my ebook for the end of April to send it for editing
I think that setting up your priorities help you reach your goals. Short term attainable goals are a must for me to reach bigger goals. How do you achieve your goals? Do you have them written somewhere?
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