What have you achieved this year!!

[jpcashflow]

Hi

I am looking forward to 2015....

I have some nice goals to achieve next year!!

Hope every one has had a wonderfully christmas

 

[Reality Cheque]

Good
Paid off all non deductable debt.
Renovated PPOR
Sold a block that I had previously subdivided.
Bought one IP
Spent way too much time at work
Got a payrise
Continued building a small business on the side.

Bad
Family life suffering due to a combination of the above.

Goal for 2015 - set goals for family life.

RC

 

[chockadoo]

2014

Interesting year.
Work wise:
* got certified in Pmp and PROSCI
* left my job of 8 years to start contracting
* contracting gave me 30k pa increase
* first contract extended with another pay rise

Property wise:
* small Reno on PI2 to get it Rented out again.
* nice tax refund
* bought IP3 and IP4
* IP5 settling in February
* re jigged super to buy property in 2015
* overall $150k increase in net worth dec to dec
* assets $2.3M
* finished backyard ppor reno! Yah!!!

Family
* death of my uncle brought family together and now have monthly catch ups with my cousins which I love!

2015 will be 2-3 more properties and international travel, reducing ppor debt and working on fitness!

 

[jpcashflow]

Hi

- Watched every season of Mad Men
- Watched every season of Sons of Anarchy
- Watched every season of Suits
- Watched every season of The Blacklist

That's all folks
#1 Procrastinator

Hi Jamie,

I just started watching season 1 and 2 of Sons of Anarchy great show... I am lucky that when I work late I do get to watch a episode or two

 

[Andrew_A]

In terms of 2015 goals. I've made an important health goal that I'm already 30% towards achieving as I started in late November, a useful system to get a head start on the new year resolutions

Looking back on 2014 it seems to be a case of you never get 100% of what you are seeking to achieve, at least in my case, but you can do quite nicely in a good year and where you focus your attention does seem to be important on where you end up.

Scott Adams (Dilbert comic author) new book is an interesting read and has some opinions on goals vs systems

 

[aussieB]

I am just a noob here, nevertheless :

• Emigrated to Australia
• Fell in love with a sultry city (though I used to hate this weather)
• Flew 360 degrees across the globe in a double leg ticket
• Ploughed through all my savings and bought a PPOR
• Got inspired reading other members IPs and (wonder where their money tree is ) working on wanting to own 3 IPs in the next 5 years.
• Fixed a 12 year old torn cartilage in one of them knees
• Binge watched all of the most popular TV shows on Netflix
  

 

[Richard Feynman]

it seems to be a case of you never get 100% of what you are seeking to achieve

If anyone ever knocks off all of their goals on time, they either didn't set enough, weren't ambitious enough, or both.

 

[Rixter]

Fully exit the rat race.

Financial independence passively generated from residential real estate investment.

Relocated interstate.

Creating multiple streams of income for charitable donation.

Mentoring others who want to attain the same.

 

[The Falcon]

Inspirational thread guys, good stuff.

For me;

- 41% earnings growth in my private company, business is producing substantial free cash flow and tracking at another 35% growth this financial year.
- established operations in Manila, all working well
- established SMSF and started using family trust for stock investments drawing on PPOR LOC.
- bought our dream PPOR, managed a simultaneous settlement on our last place, sold that for more than expected and bought our new place for less than expected. A huge win.
- read about 20 investment books, have clarified long term goals and working through a very detailed investment plan after identifying my way of investing...it's been a long journey to get here.
- as part of above, have worked out a property investment plan that will work for me which I expect to be part of the mix in coming years. Ie. I know property type and number, ownership structure, specific areas etc just waiting for entry point which I expect to to be 2017/8. This is just part of the overall plan, IP being just one component of my portfolio.

Just wanted to take the opportunity to wish all Somersofters the very best for 2015 and thank you guys for sharing your knowledge and experience

 

[Slaw]

Brought in 2014 in NYC
Spent 4 weeks travelling around the states
Ran half marathon
Purchased IP 6
Got a pay rise
Travelled to Singapore, india and Dubai
Purchased IP 7

Bring on 2015!!!!

 

[jingo]

This is a wonderful thread with many inspiring posts. I'm a little late, but last year (2014) achieved the following:

1) Upgraded PPOR and kept old PPOR as an IP
2) Organized old PPOR to be tidied up (painted etc) before we moved out and new tenants came in.
3) Bought new furniture etc for the new PPOR
4) Bought a brand new Grand Piano - (Yamaha CX7) which we are all really enjoying!
5) Dipped my toe into commercial real estate albeit through a property trust
6) Have been purchasing shares in our Family Trust with the intention of generating passive income.
7) This doesn't quiet fit in this last year's achievements, but thought it was worth mentioning. Traveled Europe (10 countries) with family from Sept - Dec 2013. Had a great time.

Health wise - have been unwell this year, needing an operation and 3 months off work. Feeling much better now though!

Plans for 2015

1) Probably will set up a SMSF and invest in index funds.
2) Continue to buy shares in the Family Trust.
3) Will monitor our property portfolio. May begin selling down and diverting the money to shares in the Family Trust.

4) No plans to buy anymore IP's at this stage!

 

[MIW]

Fully exit the rat race.

Financial independence passively generated from residential real estate investment.

Relocated interstate.

Creating multiple streams of income for charitable donation.

Mentoring others who want to attain the same.

Wow, you are my inspiration... perhaps we are not yet there but in 10 years time should be that's the plan!
Well, at least when kids finish schools and UNIs.... otherwise it is hard to move anywhere, when we still have dependants, right?

 

[Rixter]

Wow, you are my inspiration... perhaps we are not yet there but in 10 years time should be that's the plan!
Well, at least when kids finish schools and UNIs.... otherwise it is hard to move anywhere, when we still have dependants, right?

We actively started out on our journey with a one year old. Today he is 16 and has a 14 year old brother.

Sometimes the only inhibits we have are the ones we place on our selves.

I hope this helps.

 

[Canberran]

Sometimes the only inhibits we have are the ones we place on our selves.

Fully agree with Rixter's advice.

Finally have time to sit down and reflect what I have done in 2014:

1. Setup SMSF and portfolio building
2. Move more into family trust to invest in shares
3. Setup US trading account for trust and started portfolio
3. Bought a block with 2 lots in Brisbane and start the development in 2015.
4. Settlments complete for the townhouses I built and developed.
5. New townhouse project construction started
6. Sold last IPs in Canberra.

Cheers
Canberran

 

[MIW]

We actively started out on our journey with a one year old. Today he is 16 and has a 14 year old brother.

Sometimes the only inhibits we have are the ones we place on our selves.

I hope this helps.

Wow again, your mindset holds no bounds... I suppose you act the way you feel which is great to see some people live the way they want to...great!

 

[Rixter]

Yep, if you dont determine your circumstances, then life will.

 

[spludgey]

We're two months into the new year already, but here is my list for 2014:
? Went on a holiday in Europe
? Got engaged
? Bought a nice PPOR (my first one)
? Built a 70sqm deck
? Bought three IPs
? Got a better paying job

All in all, I'm very happy with my year, let's hope 2015 turns out as well.

 

[atti]

I am just a noob here, nevertheless :

• 
  .
• Fixed a 12 year old torn cartilage in one of them knees
  
  

My Occupational Doctor said i have Medial Plica syndrome but i dont know. up to 28 years of age i never had any problems with my knees, i ride alot of road bikes and some motorcross.
did you have medial plica syndrome ? how did you fix it? i have this pain and its like a nerve block/dead nerve or something when i go for runs my right knee on the outer acl joint would feel really bad pinch down to my ankle (have this problem since 2012)i've been to the doctors physios and had keyhole scrape done but have not solved. please share


2014:
Managed to save cash buffer.
Saved a portion towards deposit on 3rd IP/PPOR(later)
Learnt a lot about property investing
Changed jobs 180 career wise and wisen up
Deadlift 2 x bodyweight (still have pain in outter acl (not acl just bit lower)
squat 1.5 x bodyweight

2015:
Wanting to Buy 3Rd IP / to be PPOR later.
To do this I will need to create some equity and release.
Increase property investment knowledge.
Make more contacts, do more networking.
Build team/Business
Have a good job (currently Living on equity very naughty)

Deadlift 2.5 x bodyweight
Squat 2x bodyweight

2016:
Health & Fitness and start Family
Deadlift 3.0 x bodyweight!(could be posible if i find solution to my knee pain)
Squat 2.5 x bodyweight! ( ambitious goal)

Atm can borrow 800k for(IP/ppor) but NAB wants to use all my properties as collateral

have 4 investment houses and living at mums LOL need to move out oneday.

 

[TMNT]

made it to february!

 

[nhg]

2014: Really a continuation of 2013

- built 2 granny flats.
- undertook several renovations as I expanded the business, realizing I'm not enjoying it.
- recreated a lot of my relationships with friends and family and took a good hard look at myself whilst doing Landmark (self-development courses).
- moved to Bondi Junction and actually made full use of the beach.
- spent a whole lot of time playin with my mooshie nieces.
- met my wife to be (Laury).

2015:

- got engaged.
- getting married in Dec.
- closed business in its current form, trialling another.
- looking at subdivision and finishing last granny flat.
- working with fianc? part-time in establishing her business.
- moving in with Laury, and sorting out all the teething issues that come with a new relationship and accepting there are many many more years of this ahead.
- hitting the gym 6 times a week.
- became a pescatarian with the aim of going vegan over time.
- completely changed lifestyle and selling a lot of my excess gear.
- whole lot more international travelling Hawaii in March and more in December.
- mapping out how to grow my passive income stream by at least $10k/year.
- finding a more secure income stream in the meantime.

Wild ride ahead. Am actually freaking out more than just a little.

*edit*
haha, inspired by Atti.

2016

- work really hard at starting family near end of year.
- be so built, I can break rocks on my forehead.
- expand portfolio to create passive income equal to minimum wage job.
- have 2 businesses which are creating passive incomes of $2-4k/month each (that or put everything on red at the casino).
- aim to buy PPOR.