Throughout the past week I’ve been having many ideas and have been waiting all week to pen my thoughts down here on this blog. Life in army has been a breeze so far and it gives me a lot of time to read and to think about plans I can embark on. I have started on a new book, Think and Grow Rich by Napoleon Hill, and have been reading voraciously. This is seriously not just a book that you read. It’s like a manual and textbook that teaches you lessons straight in the face, rather than having to infer. I would recommend anyone who wants to expand their minds to consider this as their next read!
Firstly, some updates:
In the past week, UMS made good progress, broke resistance and hit my 0.58 target on Thursday, 27/11/2014. Unfortunately, I remain undecided on whether I want to sell it or not. If I had 10 lots, I would have definitely considered selling 5 lots. But I only have 5 lots now. It’s not economical to half my position. However, because of this, I thought of creating a table to calculate my cost-benefit, which I am working on right now. I’m quite excited to see if it’ll help me along the way of my financial journey. On a side note, UMS is currently trading CD, will be Ex-Div on 3 Dec.
Cityspring on the other hand, has created a flag in the past week. What remains is to see if there’ll be a bull flag breakout. Also, I received my $98.40 dividend from Cityspring this month! 🙂
This week I also made an additional $5 from my surveys, totaling the amount I have received to $15. (Leave your details if you are interested: http://goo.gl/forms/xJadCvIhYL)
My thoughts for the week:
Throughout the week I’ve been thinking about finding ways to meet my financial goals and targets I have set for myself:
My 2015 Financial Goals
1) Achieve networth of $35k
2) Dividend income of $200/mth -> Requires 30k with 8% yield
3) 5k in cash to take advantage of opportunities that comes my way and for rainy weathers.
These goals I set for myself cannot be achieved if I live life passively. I believe that goals should be kept out of reach, but not out of sight. These goals, however, can be achieved if I actively find ways to create extra income. I personally do not spend a lot, that’s why I’m focusing on assets instead of reducing expenses. My mind is my greatest asset and I don’t intend to lose it while serving the nation. I want to keep thinking and stretching my mind to think about ideas.