million dollar goal

If 2017 I spent learning a lot about crypto investments, starting a simple buy and hold, swing trading, lending on Poloniex.com, and even building 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 have heard about options a lot in the past ... it's just I have never had any interest in them, as it has always seemed like a scam to me, now I'm not saying it's a scam, but I'm also not…

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 the New Year of 2019. Just like in the previous year, 2017 for me was a year of peer to peer lending, dividend-paying stocks and  - cryptocurrencies. Speaking of cryptocurrencies 2018 was really bad for my long…

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 you go - my New Years resolution - a plan for the next three years. I'm 33 now, and I have a goal to have in saving account a million dollars by the time I will turn 60, in 2045. I started my…

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 stocks and instead of spending $500 spend $550 every time when adding new stock to the portfolio.  A small increase could lead to higher returns in the form of dividend income.  With 2019, I…

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 it is 52 euros. As I love challenges and believe they are the great way to master new skills and make good habits, and in fact, there have been a few long-term challenges already passed in the frames…

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 good sleep. Since the last time I counted our family expenses on a monthly basis (Cost of Living in Tbilisi (Republic of Georgia)) has already passed more than two years I'm not sure how…

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 with the second part of the year - cryptocurrencies. Investment Portfolio 2017 At the start of 2017, I planned to invest about 31% of my annual net income, the planned amount for 2017 was $8,561, I made it up…

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 to reach $10,000 milestone this year, just I thought it will happen most probably after a month. But rising Bitcoin price and great performing Baltic stock market gave a nice boost to the…

Wow, it has been already 8 years, since I've been using Google AdSense to monetize online content. Amazing how fast time flies - It was at late night of September 4th, 2009, when I finally decided to give it a try for Google AdSense. You know what's more amazing? Half of that amount I made in the last year alone. See: How I Made $1,000 with Google AdSense in 7 years Back then, 8 years ago, I had a dozen of "web-projects", mostly powered by WordPress, I was exploring different niches and put a…

I'm 31 now, I have a goal to save one million dollars by the time I will be 60. That's 29 years. That's $34,482.75 I should save each year, next 29 years in the row. That's a lot. I currently make less than $20,000 per year, by US standard I'm the one who falls into the category - working poor. However, unlike my colleges in US, I live overseas (see living in Georgia) where standard of living in much much lower if compared to US , and in fact with funds I have here in Georgia I can afford…