Happy New Year! I hope everyone had a good break and may 2015 be full of happiness, laughter, health and wealth. I spent the past few days crunching numbers and reviewing goals, before thinking about the year ahead, and here are the final results of 2014’s goals.
One of the last sunsets of the year…
Increase net worth by 30%
It was an epic FAIL last year, and this year, I can call it a win! I have a hard time calculating net worth since I have assets in several countries and in several currencies, so currency fluctuations make it hard to estimate properly. At the end of the year, I have grown my net worth in euros by 31.5%. The dollar has been very strong and I make some good moves buying dollars when they were much cheaper, and I have grown my dollar NW by only 19%, but if you apply the current 1US$ = 1.20 euro rate to my January 1st, 2014 USD net worth, you also get a 33.75% increase.
So for me it’s a PASS.
I still haven’t updated the value of my properties, but I did add the value of the works I am doing building a new house on the beach to the value of the land. I think I should get back more than the building costs when selling but that is a cautious estimate.
I am really happy about this once since I thought it would be another fail this year.
Make $60,000 blogging
Another win, I made a little over $70,000. You can check a full recap tomorrow at Make Money Your Way. What looked like a stretch at the beginning of the year (make over $5,000 a month) actually became the new normal.
Keep donating 10% of online income to charity
10% of my online income currently goes to charity, which means mainly supporting education projects in my Guatemalan village. This year I have given over $6,000 to send two honor student to boarding school for high school, buy uniforms and supplies for primary school girls, buy 10 laptops and desktops and run a 12 hours a week computer literacy class, buy books and run a small library so the kids learn to enjoy reading. I also received almost $3,000 in reader donations which I fully passed forward.
Turn a profit with land development
There you go, first FAIL of the year. We have kept pouring money into the land development, to flatten the streets, dig a well, buy a beach to give residents a private access to the lake… While we are definitely headed in the right direction, and my region has experienced the strongest growth in all Guatemala this year, all the investments kept me in the red for a while more.
Make $5,000 with the guest house
I haven’t got the exact figure since I am a mess but I think it is another FAIL. I had a $1,000 booking over Christmas who ended up being a real PITA and the guests left so I owe them a refund since I don’t want any trouble and prefer my peace of mind over money, so anyway, I think they would have made me cross the $5k mark but without them we may be around $3.5 to $4K.
I am building a new house on another plot to move away from the guest house, and as long as I still live on the premises, I am happy with it being a small operation. Having guests around all the time would be annoying. $5,000 was a stretch goal for a first year, I think I managed to pay the bills, staff and get a little profit, but still for what the house is worth it was a very poor return. I will promote it more once I move out.
So in spite of failing the last two goals, I still managed the 30%+ net worth increase, meaning it was a good year. I haven’t clearly defined the 2015 goals, but will do soon!