Comments on: 2013 Passive Income Goals Revisited

By: Carnival of MoneyPros |The Frugal Toad

Carnival of MoneyPros |The Frugal Toad — Wed, 26 Mar 2014 00:48:26 +0000

[…] @ Write Your Own Reality writes 2013 Passive Income Goals Revisited – After making significant progress on my original 2013 goals, as well as making a slight […]

By: Recent transactions and mid week money

Recent transactions and mid week money — Thu, 21 Nov 2013 01:53:33 +0000

[…] W2R updated his 2013 passive income goals. I like having dividend goals and investment goals myself. It helps give me something to aim for. […]

By: writing2reality

writing2reality — Fri, 01 Nov 2013 15:31:10 +0000

Having originally started with Lending Club over four years ago, I wanted the additional diversification, in both underwriting models and companies. While I think the entity risk is relatively low and not necessarily a large factor, I am still a fan of utilizing both. I know you prefer to manually evaluate loans, however I tend to utilize my filters and allow them to do the heavy lifting. If given two options with the money for one, I will take a look at them, but again, I rely on the overall underwriting of LC and Prosper plus my own filters. I actually have Prosper set to automatically invest for me using their “Quick Invest” feature.

By: Financial Samurai

Financial Samurai — Fri, 01 Nov 2013 15:21:14 +0000

Howdy mate, curious to know why you decided to do LC and Prosper? Seems kinda a PITA no? I just went with Prosper, and am having trouble staying on top of it.

By: writing2reality

writing2reality — Wed, 30 Oct 2013 03:46:58 +0000

Amen to that brick stacking DivGamer! Live in the moment, with an eye on the future! Thanks for stopping by!

By: writing2reality

writing2reality — Wed, 30 Oct 2013 03:45:59 +0000

Thanks CI, glad to be back, although this past summer was a blast!

I agree, options require a much higher level of monitoring, and one that right now I don’t have the time for with all of my other pursuits. Certainly there are plenty of folks who have had success with them, I just don’t find that it is aligning with my mindset, goals, and as I said, time.

Increasing by $1,000 is definitely respectable and whether it is from contributions or dividend growth doesn’t matter! An increase is an increase! Plus that $1,000 will only snowball into even more next year.

By: writing2reality

writing2reality — Wed, 30 Oct 2013 03:42:29 +0000

Thanks Integrator! I agree the shorter term goals help you plow through when struggling to maintain focus on the bigger picture. For me personally, it allows me to play with spreadsheets, so that’s an added bonus!

By: Dividend Gamer

Dividend Gamer — Wed, 30 Oct 2013 02:59:23 +0000

Great!

Keep stacking the bricks to build your financial fortress.

Just don’t forget to lower the drawbridge and throw a couple parties

By: CI

CI — Wed, 30 Oct 2013 01:46:39 +0000

Glad to see your back my friend!

I’m not really into options either, but I know a lot of people have made money with the strategy. I don’t always have the luxury of watching the markets like a hawk which is the main reason I tend to avoid them. Anyways, I’ll stay tuned as you progress towards exceeding those goals!

As for me, my only goal this year was to increase my forward annual income stream by $1,000. It appears that will be accomplished, although some help from dividend growth would make it easier.

By: Integrator@financiallyintegrated.com

Integrator@financiallyintegrated.com — Tue, 29 Oct 2013 23:32:21 +0000

Nice progress on the dividend goal. It’s good to have something to work towards, helps keep you motivated when your discipline lags.