For the past 5 years, Liann and I have set annual financial goals for ourselves. Whether big or small, these financial goals have always given us something to work towards and the satisfaction of completing obtainable goals. 2019 is no different.
Last year, in 2018, we completed all of our specific financial goals. Most notably, we were able to save 50% of our income. This was a huge milestone on our freedom adventure and have now built up some capital to really start building our investment portfolio.
The Year of Investments
We have decided that 2019 will be the year of investments!
We have proven we can crush debt, maintain a debt-free lifestyle, and save 50% of our income. Now we want to focus on learning, growing, and diversifying our investments. By doing this, we hope to obtain a passive income and grow our wealth.
For 2019, we are planning to save 40% of our income, but allocate about 60% of that towards investments. We decided to save a little less this year, because we have some big travel plans over the next 2 years and all of our travels need to be saved or paid for.
For myself, knowing the diversity of investment options available is a weakness. It seems that everyone knows the basics: retirement, savings, and the stock market. Though, what we are specifically interested in is what type of investments are beyond the basics and at what level do these investments perform.
Liann has already been doing the ground work on some of the research and we have some good ideas on new opportunities. I know there are a ton of different investment options out there and can’t wait to get into them.
Some of the investments we are looking into include:
- Real Estate
- Peer-to-Peer Lending
- Penny Stocks
What are some of your favorite investments types? We would love to know. Share below!