For simplicity, I (Mr.) used S.M.A.R.T. format to illustrate my investment objective:

Specific: Amount of Non-employment Income exceeds Expenses

Measurable: On a monthly basis (even daily), I should have faster inflow of money than outflow

Achievable:  By investing actively, creating new income sources through content creation, online merchandising and offering services such as adult-teaching and technology consultancy.

Relevant: I work hard to get a higher quality of life for our families, and have the ability to buy things, eat, play and live without worrying too much about money as our family aged.

Time-Bound: Short Term (2022), Mid-Term (2026), Long-Term (2031)

 

To track progress, I will be calculating what X% my non-employment income portfolio can meet our family total monthly expenses, consistently. 

Short-Term: By 2023, monthly non-employment income is half of monthly expenses ~$3000/mth

Mid-Term: By 2026, monthly non-employment income is double of monthly expenses ~$12000/mth

Long-Term: By 2031, monthly non-employment income is 4x of monthly expenses ~$24000/mth

 

Other Sub-Goals:

  Resolve Current Housing Loan ~$620K

  Resolve Current Car Loan ~$42K

  House upgrade ~$1.8mil

  2nd Property ~$1.5mil

 

This is what our 2022 Monthly Expenses (transactions from Credit Cards only) so far:

Jan 2022: $5,767.09

Feb 2022: $7,707.65

Mar 2022: $3,878.23

Apr 2022: $6,397.75

May 2022: $15,234.98 (newborn!)

Jun 2022: $ ?

Jul 2022: $ ?

Aug 2022: $ ?

Sep 2022: $ ?

Oct 2022: $ ?

Nov 2022: $ ?

Dec 2022: $ ?

 

As for non-employment income, I can only start documenting from this month onwards:

Jun 2022: Total= $ ?; 4%= $

Jul 2022: Total= $ ?; 4%= $

Aug 2022: Total= $ ?; 4%= $

Sep 2022: Total= $ ?; 4%= $

Oct 2022: Total= $ ?; 4%= $

Nov 2022: Total= $ ?; 4%= $

Dec 2022: Total= $ ?; 4%= $

 

Have I met my goal yet? 

Answer: Not yet. I plan to continue R&D more non-employment income methods while improving current stats.

 

That’s all for now, Refine later!