Large financial goals can be intimidating so I use baby steps. Mini goals. Call it whatever you’d like! These goals may seem small but they are all purposeful and helps point me in the right direction.

So, here I present you my baby steps towards 10 Million!

Time for an update! 🤠

 

My Baby Steps Towards $10 Million

Investments Goals

• 2020-3: Generate $10,000 in dividend income
• 2020-3: Invest at minimum $1,500 per month into the dividend portfolio.
• 2020-3: Reach a $50,000 Fundrise Portfolio.
• 2020-5: Maintain steady portfolio growth between 6% to 12%
• 2021-9: Invest $200 per month into M1 Growth Pie.
• 2020-6 to 2021-9: Invest $100 per month into M1 Growth Pie.

Income, Cash Flow, & Saving Goals

• 2020-3: Achieve positive cash flow every month of the year.
• 2020-5: Increase annual income by 6% every year.
• 2020-6: Maintain long term average savings rate at or above 30%.

Net Worth Goals

• 2020-6: Maintain Net Worth CAGR above 6%.

 

Generate $10,000 in Dividend Income

I made some significant changes to the LBF Dividend Portfolio this quarter which helped advance my progress towards my $10,000 dividend goal. I am now expecting to achieve this goal sometime towards the end of next year.

 

Invest at Minimum $1,500 per Month Into The Dividend Portfolio

The LBF Dividend Portfolio had a total net inflow of $32,105.50 YTD ($2,675.45 per month) by the end of Q3. Well above my target of $1,500.

 

Reach a $50,000 Fundrise Portfolio

• July 2021 – Dividend payment was $131.82

• Fundrise iPO shares appreciated from $10.90 to $11.44 per share a 4.9% increase.

Total Fundrise portfolio is valued at: $39,414.16 (up 6.2% since end of Q2 2021)

Interested in investing in Fundrise? Sign up using my referral link and get started today.

 

Maintain steady portfolio growth between 6% to 12%

Markets took a dip on September but so long as my returns are above 6%, I am content. I also added the M1 Finance portfolio to the chart for the first time.

 

Invest $200 per Month into M1 Growth Pie

As of October 1, 2021

I gave the M1 Growth Portfolio a pay raise from $100 to $200 per month.

There have been some adjustments to the M1 finance LBF Growth Pie.

Updates to Pie for Q3 2021:

Trades

• 2021-7-9 – Sell IIVI (All shares)
• 2021-7-9 – Sell UBER (All shares)
• 2021-7-9 – Sell GE (All shares)
• 2021-7-19 – Sell PLNT (All shares)
• 2021-7-19 – Sell AMD (All shares)
• 2021-7-19 – Sell ARKG (All shares)
• 2021-7-19 – Sell SPCE (All shares)

Weight Adjustments

• 2021-7-9 – Weight Adjustment: Ticker ADBE from 7% to 8%
• 2021-7-9 – Weight Adjustment: Ticker CRWD from 4% to 6%
• 2021-7-9 – Weight Adjustment: Ticker TTD from 2% to 3%
• 2021-7-9 – Weight Adjustment: Ticker SHOP from 2% to 3%
• 2021-7-19 – ADBE from 8% to 9%
• 2021-7-19 – FB from 7% to 8%
• 2021-7-19 – AAPL from 6% to 7%
• 2021-8-24 – BABA from 4% to 3%
• 2021-8-24 – NET from 2% to 3%
• 2021-8-25 – AMZN from 7% to 6%
• 2021-8-25 – CRWD from 6% to 7%

New Positions

• 2021-7-9 – Add: Ticker NET at 2% of portfolio.
• 2021-7-19 – Add BSTZ @ 8% of portfolio.

I have made some effort simplify all my investments across the board including this portfolio. I want my portfolio to be more passive. I am reducing risk by increasing diversification through managed products like BSTZ.

Not signed up with M1 Finance? Use my link to sign up and get $50!

Link: LBF Growth Portfolio Pie

 

Achieve positive cash flow every month of the year

Things are improving for the most part. The chart below shows the overall averaged monthly cash flow since 2019.

 

Increase annual income by 6% every year

Income is up 27% yoy. Much better than I had projected for this year.

 

Maintain long term average savings rate at or above 30%

Looks like my excess savings are getting out of hand. A good problem to have I suppose. Looking forward to that end of year bonus!

 

Increase net worth by at minimum 6% annually

Snapshot of net worth from Personal Capital. Sign up using my link and get $20.

Net worth YTD: +16.9%

What is contributing to the net worth this quarter? Mostly hard assets.

 

 

ETA 10 Million

Based on current trends, projections and expectations for future growth, my best to worst case scenario towards a $10 million net worth will be the following.

How many years it will take to reach $10 Million net worth:

17-32 years

By what age:

58-73 years old 

Not much change here since last reporting. Everything looks to be on the right path and couldn’t ask for more. Can’t wait to see how the year will end.

That wraps things up here for now. Till the next update! 🚀🚀🚀