million dollar goal

52 Week Money Saving Challenge 2.0. SEB Funds

June 09, 2020
About 2 years ago I started a simple, so-called 52 Week Money Saving Challenge. The rules for this challenge are very simple - to deposit in the first week one euro, in the second week - two, third week - three, etc. The amount after each week continues to grow, up to the last week of...

Investment Goal #9 - Minimum $800 Purchase for US Stocks

February 13, 2020
Since late 2019, I've been raising a little bit my investment goal for US stocks, from now on I invest at least $800 or more for a single stock purchase.  It was planned that I will increase this goal just to $650, but the use of the margin and extra income generated from options trades allows me to...

Dividend Stock Investment Plan 2020

January 09, 2020
Currently, we hold 17 stock, all but one are dividend-paying stocks. I have been building this dividend income stock portfolio since 2017. We have both monthly and quarterly paying stocks in the portfolio. As we are not thinking to increase the total count of stocks to more than 20 in 2020, we...

2019 in Review and Financial Goals for 2020

January 07, 2020
I'm 34 years old now and I have a goal to save one million dollars by the time I will turn 60. Just 26 years to go. I've been documenting my journey towards financial independence for the last three years already. In today's article, I will review the past year of 2019 and take a...

Net Worth $25,000 Reached

June 19, 2019
On April 2nd, 2019, my net worth for the first time reached $25,000 Milestone. It took me 2 years and 3 months since I originally started my million dollar journey, and I was 33 years old. Here is what I told/forecasted back when first reached $10,000 net worth: If things will continue to be so...

Investment Goal #6 - Minimum $600 Purchase for US Stocks

April 17, 2019
Starting in 2019, I'm raising a little bit my investment goal for US stocks, from now on the minimum stock purchase will be $600 or more.  I have increased my spending goal for about $50, which might seem like a modest, but actually is pretty decent. Investment Goal #4 - Minimum $550 Purchase for US...

Investment Goal #7 - Selling Puts to Own / Generate Income

March 28, 2019
If 2017 I spent learning a lot about crypto investments, starting a simple buy and hold, swing trading, lending on Poloniex.com and even built a custom Ethereum mining rig. 2018 was more about high yielding US stocks. Seems that for 2019 I have a new subject to explore - options trading.  Now, I...

2018 in Review and Financial Goals for 2019

January 04, 2019
I'm 33 now and I have a goal to save one million dollars by the time I will turn 60. That's 27 years to go. I've been documenting my journey towards financial independence for the past two years already In today's article, I will review the past year of 2018 and take a quick glimpse at...

Investment Goal #5 - $100,000 by the end of 2021 in Savings Account (Stocks, Cryptocurrencies, Peer to Peer Lending)

January 01, 2019
This article has been in my blog drafts section since January 2018. With the New Year fast approaching, I took another look on it, and despite the goal sounds a bit scary to me now, I decided that January 1st, 2019 is a great day to publish it. As they say, there is no better date to make a wish. Here...

Investment Goal #4 - Minimum $550 Purchase for US Stocks

December 02, 2018
Since May 2018, I have been acquiring US stocks, my average stock purchase price is about $500 and that's basically most I can afford. Still, I'm paying a commission $5 for each transaction, in general, I'm paying a 1% fee for each stock purchase Now I decided to raise a little bit my investment in US...

Latest US Stock Buy: CLM

August 21, 2018
On August 2, 2018, I bought 35 shares of Cornerstone Strategic Value Fund Inc. (CLM ) at $14.28 per share. With its monthly dividend of 0.2365 cents per share, this latest buy has a dividend yield of 19.87% and will pay me us $8.28 every month. Awesome!  Wait - dividend yield of 19.87%? Isn't it...

52 Week Money Saving Challenge

March 01, 2018
I first heard about such challenge from SEB Latvia bank - How to save 1,400 euros per year? The recommendation is simple - to deposit in the first week one euro, in the second week - two, third week - three, etc. The amount after each week continues to grow, up to the last week of the year, when...

Investment Goal #3 - Build up Starter Emergency Fund $1,000

February 28, 2018
Now this should probably be ranked as an Investment Goal #1, but as I already have goal one and goal two defined, I will keep this, probably, most valuable goal to build up a starter emergency fund as goal #3 As they say, you should have in your emergency fund about 3-6 months of expenses in savings to have a...

2017 in Review and Financial Goals for 2018

January 02, 2018
I'm 32 now and I have a goal to save one million dollars by the time I will turn 60. That's 28 years to go. In today's article, I will review the past year and take a quick glimpse at the New Year.  For me, 2017 was a year of peer to peer lending, dividend-paying stocks and starting...

Net Worth Reached $10,000

October 15, 2017
On October 13, 2017, my net worth for the first time reached $10,000 Milestone. It was just 10 months after I started my million dollar journey and I was 32 years old. To celebrate this little victory I've decided to wrap up a brief article for the history. It doesn't come as a surprise, as I have been preparing...