2021 YEAR IN REVIEW

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At the beginning of the year we set out on some goal targets that we wanted to accomplish in 2021. So without further to do here are the results.

Increase my personal TFSA account by $6,000

In 2021 we got this one out of the way very early so we could put that money to work. This $ was put into dividend stocks.

Increase Maria’s TFSA account by $7,000

We started this account late so have some catching up to do. This year we surpassed this goal and was fortunately able to increase it by $9,500. This $ was put into a mixture of dividend and growth stocks.

Pay no interest on any credit card

For the 5th straight year we succeeded. Thanks Mastercard for letting me use your card all year and receive $ back

Stain deck siding in our back yard

Well not much to say here other than I dropped the ball on this one. Next year though its getting done!

Increase RRSP by $7,000

We were in February and noticed that it was in our best interest due to taxes coming on our home based business to make an additional lump sum into our RRSP’s so we didn’t have to pay taxes come tax time. So we ended up increasing the total to $17,776, more than doubling this goal.

Take a family vacation

Well it wasn’t Mexico like we would of preferred however we got away to Mable Lake in beautiful BC. We had to deal with some smoke but overall it was a fantastic trip. Got to surf for the first time behind the boat, played plenty of golf rounds and over it was just nice to get away.

Fund the RESP account by $6.000

We funded the account by $6,000 and the Government kicked in 20% ($1,200) for a total of $7,200. That $ is hard at work in TD, AQN and FTS.

Receive $3,400 in dividends

Thanks to some really nice increases this year and some additional funds added we were able to beat this target by a pretty nice margin coming in at $3,862. An impressive 22% growth over last year.

Reduce debt to asset from 45.5% to 43%

We have been focusing on cutting debt over the past several years to ensure were not over leveraging ourselves. We absolutely crushed this one by reducing our debt to asset from 45.5% to 39.8%.

Help a family in need

This is by far the most important goal set. This year we did a few different ways. We partnered with Santa’s antonymous and sponsored 2 families at Christmas, donated to hope mission, Mom’s Canada and Edmonton food bank. I highly recommend sponsoring a family at Christmas time, this was done for me as a kid and I will never forget how thankful I felt in that moment.

Increase net worth by $80,000

To be honest I wasn’t sure if we were going to beat this target as the growth stock portfolio was absolutely hammered this year however thanks to our dividend portfolio we were able to beat this target just barely. Either way a win is a win and if growth comes back even a little bit 2022 could see some really nice gains.

Receive a minimum of $750 from cash back on credit card

This goal is not about spending more to get additional cash back, its about using the correct payment on our day to day costs to get the most in return. We will be getting back $941 this year which will help fund our investments in 2022.

Educate and learn at least 30 minutes a day, 5 days a week

I’m going to give myself this one. I spend plenty of time each day educating myself simply by reading different books, using the SEDAR website for evaluation and early this year really got into twitter where a majority of my like minded investors hang out. They are always giving up to date information on company news, blog posts and some strategies to keep improving yourself.

12/13 goals we achieved this year. Next year were going to raise the bar a bit and really push ourselves! Thanks for reading and I’ll leave you with this:

A GOAL WITHOUT A TIMELINE IS JUST A DREAM

R|obert Herjavec

Invest in yourself,

Brian