Every month on this blog, I document the current goals I’m working towards in order to organize my plans.
After doing so for the past year, I truly believe that consistently blogging your monthly goals can lead to a more purposeful life.
There’s just such an abundance of value to be gained by understanding the reasoning behind what you do.
Moreover, it provides you with the ability to view each day as part of the process instead of a good day or a bad day.
Although I plan to take it one day at a time, here is the development plan for May 2017.Development Plan | 6 Goals for May 2017 Click To Tweet
💰 Save a minimum of 10% of earnings
For most personal finance bloggers out there, a 10% savings rate is a joke.
On the other hand, some people can’t even afford to save anything at all.
From my perspective, saving is absolutely necessary or working feels pointless.
I mean, I understand the skill building aspect. But I’ve never been able to derive a sense of accomplishment from something unless it’s completely my own.
📈 Invest available cash into income producing assets
Since I’m more concerned with earning income than I am with beating the market, the plan is to add to positions as frequently as possible.
Based on my dividend investment strategy, as long as the company is an outstanding business, I’m willing to pay a premium for owning it.
I know I can potentially achieve higher returns if I wait for dips and corrections, but waiting is only speculation—no one knows when the market will correct.
Further, by waiting, I would be forfeiting dividend income that could be reinvested down the road.
Needless to say, the goal in May is to acquire more shares to increase the annual dividend income of my portfolio.
✍🏻 Publish 4 blog posts in May 2017
Between the work week and managing my dividend portfolio, 3 to 4 blog posts per month seems to be an appropriate amount.
Beginning in June, you can count on one development post per month, one dividend income update per month, and one blog numbers update per month.
This month, however, I plan to publish 4 blog posts.
👨🏻💻 Read and Comment on 30 blog posts
I’ve been including this goal in the development posts for a number of months now, so it might be here to stay.
However, I’m gonna switch up the formula.
Instead of reading and commenting on a blog post per day, I will aim to condense the time spent and avoid making it a daily routine.
To read some of the blogs on my reading list, check out the recently updated blogroll page.
💻 SEO Optimize 3 blog posts
Even though the NBA playoff basketball season is upon us, I still want to set aside some time to continue optimizing this blog.
As I mentioned in the goals for April, I’ve been working on updating and adding to some of older content on Reverse The Crush.
The purpose for updating older content is to improve the Google Search ranking and to bring it up to my current standards.
🏋🏻🍌 Improve diet and consistently go to the gym a minimum of 3 days per week
Admittedly, my diet has been absolutely horrid lately, which has been keeping my energy levels low.
In addition to the sluggishness I’ve been feeling, I’ve gotten completely out of the habit of even going to the gym altogether.
This carelessness must end in May!
Review of the goals set in April
✅ Update and rewrite the top ranked search traffic pages for SEO purposes: pass
Although I’ve still got a lot of work to do in terms of SEO optimizing and updating, I feel great about the initial start to this process.
In addition to updating blog posts for SEO purposes, they’re all being rewritten to build a more cohesive blog.
I’ve noticed that some of the older posts occasionally lacked focus, drifting off-topic sometimes for a line or two.
❌ Publish 4 blog posts: fail
There was only a total of 3 blog posts published in April. One of them was a guest post.
Although I had a week off in April, the month was largely comprised of tax preparation and birthday gatherings.
✅ Save 10% of my income: pass
My savings rate for April was approximately 15% when factoring in my contributions to my employer stock sharing plan.
Though I’m against cutting every single comfort out of life to pinch as many pennies as possible, I am willing to consider cutting things that don’t add value.
That said, I’ll be looking to maintain the minimum savings rate of 10% for a few months more.
After proven consistency, I will look to increase the savings rate further.
✅ Read and comment on 1 blog post per day: pass
For the record, I commented a total of 35 times during the month of April.
Most of the comments were written sporadically as opposed to reading and commenting on a blog per day.
✅ Purchase an additional income stream for the dividend business: pass
As mentioned in my recent blog post covering my investment strategy, the plan is to focus on 3 to 6 positions as I build the core of the RTC portfolio.
If prices stay at current levels by the time of my next purchase, I will more than likely put extra dollars into one of the companies I already own.
✅ Update about and blogroll pages: pass
While the about page took a step in the right direction, I still have plans to improve it again soon.
Like I stated above, I will never stop trying to improve the cohesiveness of this blog.
Total: 4/5 = 80%
As you can see from the positive green, I accomplished 4 out of the 5 goals set in April.
I’ll take those numbers any day.
Though I haven’t reported it yet, the blog page views were higher too.
Be that as it may, unfortunately, I’m off to a slower start in May.
Candidly, I have shit load of work to do if I’m gonna catch the page views reached in April.
Questions: How was April for your blog and finances? What goals are you working on in May? Are you investing or holding cash in this market?