- Get my income and expenses categorized
Currently I have a general idea of my income and my expenses, but I want to know it exactly.
This data will be shared on this blog for inspirational purposes. If you can save 50% of your income, you will be financially independent in just 10 to 15 years. Isn't that great? I'm not sure if I can reach that, but I will definitely try!
- Determine which companies to invest my starting capital of €5000
If you want to start, start now. Determining which companies are worth my money is my first priority after categorizing my expenses.
- Generate an annual dividend income of $200 (December 2015)
At the end of 2015 I'd like to have received at least $200 of Dividend, passive income.
This is a small estimate, because although I'm confident, I do know that this method of investment is a long term activity. This $200/year does not seem much, but remember that my bank offers me approximately $60 in interest rate for my starting investment of just €5000.