WHY I’ve still decided to continue FinancialGoal.eu?
It has been 2 years since FinancialGoal.eu project have been started. Last year was very tough for me, because I haven’t had enough time to finish all projects I was working on. You can say “yeah, lack of time is just an excuse”, but believe me – having a day-time job + little 2 kids… this really change the way of thinking and acting every day.
Failures and obstacles.
In 2016 I haven’t started new projects nor passive income ideas (besides SmartNext and Watch Faces in Google Play). I’m really unhappy with that. I think 2017 can be twice as hard as last year (I need a good time organisation). I’ve discovered, that my free time every day is only 2-3 hours. The biggest problem is that these hours are between 22:00 and 01:00. I am often tired during that hours, so process of creation is longer than It should be. I should definatelly work on that issue this year…
Last year I wrote about my optimal and minimal passive income. I wanted to be between $1000 – 5000. In 2016 I made the lowest bareer $1000, but only $800 was from offline ideas (that was not my goal). This is not what I was expected, but consider the fact that my time was limited, I should be happy for what I accomplished. I’m almost certain that 2017 will be better (seeds has ben planted – now they need some time to grow. Cropping season should be in the end of 2017 or early 2018).
Successes and opportunities.
The biggest success was the learning curve in 2016. I’ve started to learn German language a little harder and learned Android Wear programming. Because my brother works in big IT company – I’ve always have good, fresh informations and suggestions about IT industry. This way I can plan my future a little more precise.
Good opportunity is to open myself for Wearables more. You can find and download my WatchFaces in Google Play or directly in Resources page here.
Big success (but not corelated with passive income) is of course a birth of my second child. Having two children really changes the financial status and a day time activities. It’s not so bad at all, but first months are difficult for everyone to get everything together. I need to find another good ways to manage time better.
Financial Goal 2016 Summary
When I’ve started FinancialGoal my predictions for the end of 2016 were more optimistic. Right now I know I didn’t put as much work I should into Financial Goal blog. I know now I need to put more time into Search Engine Optimisation SEO and writing articles. Everythings look not bad overall, but I need to be more assertive to have more time for my projects.
Thanks to Balance Sheet I saw that 2016 was better when it comes to Passive income (+$1000), but the annual cash flow was not good (-$700 = lower incomes and lower expenses). This is because I receive less money from a day-time job (good sign) and less from stock-market (bad sign). My dividend + other passive income increases. That leads me to conclusion: in 2017 I need to focus more on my projects rather than fighting for a raise.