My Goals for 2021 - What are Yours?

Question

One of my favorite things about like-minded communities like BP is the ability to share your goals, challenges, and specific issues. Chances are, someone else out there has already been there, done that, and has experienced the challenges, and dreams that percolate through your own head every day.

After the Christmas Holidays (and perhaps a lot of travel and social restrictions - there are certainly these where I am), we have an opportunity to reflect on 2020, whether or not we hit our goals, lessons learned, and thinking about how we can kick of 2021 with a positive mindset of growth, equanimity, gratitude, and a healthy spirit.

I love these kinds of threads. Please share your goals for 2021 here, and lets hold each other accountable.

Andrey Y. · Answer

I'll start - 2021 Goals

1. Increase net worth +500K (xMM NW)

2. Passive real estate net income $75K

3. Meditation goal (Personal, but similar to Stage IV on TMI scale)

4. Invest in 5 more passive private placements (over 20 invested)

5. Build my own dream house with a home gym and sauna

6. Tell my loved ones that I love them

7. Travel to three new countries in 2021

8. Read 10 native Chinese novels; 3K unique characters known, 6K vocabulary

9. Get to <5% of NW kept in equities (paper assets)

I will be updating in 6 months. What a year 2020 has been!

Dan M. · Answer

I just wrote them down today although they need a little fine tuning

1) Make over 200,000 this year between w2, rental income, and real estate commissions

2) Be happy and comfortable with myself everyday

3) Get back into the miracle morning routine

4) Be on a normal schedule by June 2021 ( currently I work overnights at my w2)

5) Create meaning for my life. As Neil deGrasse Tyson stated something along the lines of "If you look for meaning you may never find it, recognize you have the power to manufacture meaning then you can create it"

Josue Vargas · Answer

My goals for 2021:

1. Keep healthy and don't get COVID and protect my family from it as well.

2. Be patient and try to keep buying properties (already closing on a SFR on Jan 25th).

3. Eat less meat and more veggies (ribeye's doesn't count!)

Andrey Y. · Answer

Has a vaccine been offered to you Jay? Which one would you take

Dan M. · Answer

@Andrey Y. I guess for number 2 I have to make more of an I AM affirmation. For number 5 I'm working on that. I have alot of ideas and once I'm able to decide on what course to take I can make that more concrete.

Jonathan Sitorus · Answer

Love this post, and as a newbie REI I needed a way to hold myself accountable on my RE journey and by posting them i believe it will help. Here's my list.

1) NETWORK locally with other investors and other like minded people, and Get out of my shell and be a more active member in the BP community.

2) Read more books and continue to educate myself not just in REI but in all aspects of life.

3) Take steps to become a home inspector (with this and my 10+ years in construction, I believe will bring something of value, which was one thing I struggled with when trying to build a team)

4) Aquire another small multifamily property.

As you can see most of my goals are small and personal as I am in the beginning of my RE journey and Im sure that more stuff will be added as time goes on. I hope you smash your goals Andrey. Good luck!!

Eric Bilderback · Answer

I love answering this question and reading other peoples goals.

1. Be done with COVID.  Halfway through it been locked up in quarantine for 5 days.

2. Go somewhere warm this spring.  I can't wait 5 months to put shorts back on.

3. Network with some local folks.  Really hard these days in the lockdown capital of the world Oregon.

4. I want to buy a new investment property (probably 2-4 units) locally that will get me 6 COC.  Total of 800k or so maybe two duplexes.  The financing is really important to me.  I want the 30 year fixed.

5. I would like to start living off of some of my investment income and back off of work some.  So I can be around with the family more.  I could say 3 days a week I don't want to work.

Good luck everybody,

Josue Vargas · Answer

Nothing in particular, I want to change my diet a bit, avoid meat as much as I can. Not that I'm going to be a vegetarian or anything like that. I like to cook and if I'm doing so, I will try to use other sources of protein than meat itself. I like seafood, but too much seafood is also not good. I don't care and don't want to debate if other people call meat things like seafood, eggs, etc.  I'm just trying to balance my diet without being so dependent of meat for protein source on each meal.  If I go to a restaurant and I'm tired of seafood, for sure that ribeye stake or other meat options will be awesome, kind of a reward for keeping away from it at home.

Andrey Y. · Answer

Good luck to you as well! Here's to an amazing 2021. Keep me posted

Andrey Y. · Answer

I am going to have to agree with you on the Ribeye bit. The best and most delicious cut of beef IMO! I'm curious, why do you want to eat less meat and more veggies.. what are your reasons?

My Goals for 2021 - What are Yours?

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