Wednesday, December 26, 2007

Financial Goals For 2008

"Simplicity is the ultimate sophistication."
- Leonardo da Vinci

My financial goals for 2008 are quite simple and easily articulated:
  1. Save 40% of my income. Barring a job loss, this simply involves adhering to budget.
  2. Stay invested. It's always a risky time for investments because risk is why you are paid.
  3. Complain less. Recognize that true contentment is never obtained through money.

Lastly, before starting 2008, let us reflect on the past, for it was three years ago today that the world awoke to the shocking realization that a quarter million people had perished without warning in the Asian Tsunami triggered by the 2004 Indian Ocean Earthquake.

Remember the victims. Help the survivors. Embrace life.

Sunday, December 9, 2007

Dividends 2007

"Profits are an opinion, cash is a fact."
- Unknown

The dividend dates and amounts for the year are basically known at this point, and so I calculate that across all accounts we will receive approximately $11,400 in dividends and interest for 2007. (More than 90% of this amount is dividends on common stock.)

We still have a long, long way to go, but at least our passive income is finally in the correct order of magnitude for the first time!