|80% take-home pay savings rate||82.90% average savings (Jan 85.35%, Feb 82.23%, Mar 84.41%, Apr 84.18%, May 81.40%, June 77.71%, July 79.71%, Aug 86.60%, Sept 84.49%)||Exceeded Goal|
|Less than $1,400 required expenses||$1,434.18 average (Jan $1,304.19, Feb $1,500.33, Mar $1,314.30, Apr $1,361.56, May $1,399.65, Jun $1,442.76, July $1,454.40, Aug $1,489.46, Sept $1,640.97)||Needs Improvement|
|Reduce Misc. Expenses by 15% (Exp. < $96.51 per mo)||$119.16||Needs Improvement|
|Reduce Restaurant Expenses by 10% (Exp. < $128.31 per mo)||$118.28||Exceeded Goal|
|Reduce Grocery Expenses by 5% (Exp. < $205.64 per mo)||$209.37||Needs Improvement|
The third quarter was a bit of a mixed bag. Of my 5 budgeting goals I'm passing only 2 thus far which is a decline from the 4 that I was above through the first half. The cumulative savings rate ticked up from 82.55% to 82.90%. A lot of the savings rate increases had to do with the very high income in both August and September. had passed in through the 1st quarter. Expenses crept up through the third quarter, mostly attributable to higher gas and food expenses as I was driving much more for work. I'm still please by my restaurant expenses coming in below my target and my grocery expenses are just barely over currently. I'm going to try and really focus on the budgeting goals for the last quarter of the year but I expect to only really be able to make progress on the three individual categories as the other two are going to change since we purchased the house.
$306,000+ Net Worth
|$278,165.03 thru Sept (+$122,212.85)||Needs Improvement|
I had mentioned in the mid year checkup that I was trying to decide what to increase my net worth goal to since I had made a lot more progress than I expected. Originally my goal for for a $100k increase to $256k, but I passed that in July and revised the goal up to $286k by the end of the year. Between the markets continuing to rise and higher than normal income, I'm going to officially raise this target up to $306,000 which will give me just over a $150k increase for the year. Upward revisions are always good. I'll need to average over $9k per month to hit this target by years end. All in all the net worth goal is doing great.
|Receive $2,750 in passive income (dividends, interest, option premium)||$3,218.79 received||Exceeded Goal|
|3.00%+ YOC for FI portfolio||3.33% YOC (3.40% Non-ESPP YOC)||Exceeded Goal|
|Forward 12-month dividends at $3,500 by end of year||$3,015.43 (86.16% of the way)||Needs Improvement|
|Surpass $250,000 in invested assets||$224,004.36 total value||Needs Improvement|
|Max out Roth IRA's for my wife and I||$0 contributed||Needs Improvement|
My investing goals have gone pretty well so far although there's still work to be done. Through 3 quarters I've blown past my passive income goal of $2,750 thanks to over $1,400 in option income. I'm hoping to be able to reach the $2,750 mark through just dividend income by the end of the year but I'm currently on track to be about $250 short. So to make up that difference I need to invest over $26k at an average yield of 3.00% between now and the rest of the year and receive all of the dividend payments. That's a tall task at hand but I'll at least give it a shot if there's some decent values available. I increased the YOC for my portfolio from 3.29% to 3.33% over the quarter mainly from dividend increases and through divesting of some of my employer's shares which were a very low yielding stock and made up a significant portion of my portfolio. My forward 12 month dividends are doing decent but I still need to increase them by another $500 between now and the end of the year. At a 3.00% average yield, that will require around $16.5k to be invested. My invested assets were almost at the $250k mark at the end of July, but after taking out over $30k for the downpayment for the house they're now well under. The good news that I'm $26k short of that mark, which fits nicely with the $26k needed to hit the dividend income goal from above. If thing work out right then I can get there. The Roth IRA goal is being put on hold until I can figure out whether we'll be allowed to contribute this year, although it's not looking good. I'm thinking of possibly doing a backdoor contribution but I need to see if that will make sense due to having a Rollover IRA.
|Gained 3 lbs||Needs Improvement|
|Workout 3 x per week||Averaging 0 workouts||Needs Improvement|
|21,072 in August (19,852 avg. for 3rd quarter)||Exceeded Goal|
|Monetize the blog||$120.90 in paid Adsense earnings ($15.21 unpaid)||Exceeded Goal|
|Avg 2 stock analyses per month||Avg. 2.33 per month in 3rd quarter||On target|
|Quit smoking||--||Needs Improvement|
|Read 1 book per month||--||Needs Improvement|
So far in the second half of the year I've been very lax with my personal goals. Not working out leads to gaining weight. The exact opposite of what I set out to accomplish this year. A lot of that is due to being very behind on sleep while I'm at work because we're drilling the wells very quickly and that leads to quicker tool changes. Most of last year and the first half of this year it was 2-3 week wells and since we started drilling in this new area it's about 11 day wells. That makes it hard to get in any kind of routine with exercising when you're behind on sleep all of the time. It's time for no more excuses. I've set October 31st as the date to quit smoking as this is the goal that I'm least proud about my status on. It's horrible that it's taken this long with very little progress, but I continue to go through stretches where I won't smoke for a while and then something will trigger the craving and I start back up for a few weeks. I need to figure out a more productive way of distracting myself when that happens.
The blog goals have gone well as according to Blogger's count I received over 21k pageviews during August and averaged 19,852 per month for the third quarter. That's truly amazing to me and I'd like to thank everyone that continues to stop by and spread the word about Passive-Income-Pursuit and DIY DG investing. I published 7 stock analyses during the third quarter covering tech (IBM), financial (ADP, V), healthcare (BAX, SYK) and beverages (DPS, SBUX). So a little bit of everything. If there's any specific companies you'd like me to take a closer look at feel free to comment or email me and I'll do my best. I've done a decent job monetizing the blog but I know I can do better on that front. I haven't devoted the time to really learn about monetization yet because I've been focused on other things. Any tips would be appreciated. I've been approached by some people that work at Seeking Alpha about becoming a contributor and I'm hoping to get started on that during the fourth quarter as a new means of income. So be on the lookout for that sometime later on.
In total it's been a great first 9 months and I can't believe that the year is nearly over. I need to focus on some of my goals the rest of the year as I'm falling behind in certain areas. My personal and blog goals are going to be my biggest focus for the rest of the year and I'm hoping to make as much improvement on those as I have on the financial ones.
How have you done on your goals so far in 2013? Any new goals for the 4th quarter to finish the year strong or just steady as she goes?