Financial goals are typically set in January. That’s the norm, at least. I did not think much about my financial goals for 2022 earlier this year as I overjoyed by the fact that I achieved two of the goals that I set for 2021. I managed to own a house and I also managed to get to 10,000 Leopower. The other two goals that I could not achieve in 2021 were 5000 Hive power and owning 1 BTC. Reflecting back on the goals I set, I feel I was too ambitious and the goals were super lofty. There was no way I would have achieved the goals to own BTC the same year I was buying a house. And, bot asset classes have its All-Time High market valuation during the pandemic in 2021.

Looking back, I think I did amazingly good. Now it’s time to think about what I would achieve this year, in 2022.

Lessons learned

What I have learned last year is the importance of being flexible. I started out with four goals but I branched out to too many additional goals that hampered my growth. It should not be like that. I should have stuck to my original financial goals no matter what. Getting distracted and adapt to a new situation are entirely different concepts.

Adapting to a situation means to make changes to the goals you already have and adopt new goals without leaving or significantly impacting the one you already have. One the other hand, getting distracted is similar to be paper hands. You follow the next shiny items you find on your way. I think what I did last year was to get distracted with so many new shiny items. That ultimately hampered my consistency and focus on my Hive goals.

I think I learnt my lessons and will focus more on the task at hand. That does not necessarily mean I would not look into new crypto projects. I could open new positions but I would not neglect my goals.

5,000 Hive Power

Being realistic to your goals is the best thing you can do. I am at 2360 HP at the moment. I am not converting my HBD to Hive anymore. That means, I have to rely on my author and curator posts to earn the next 2700 HP. That’s a lot if I am only relying on the author and curation rewards. I know that I could gather and use profits from other sites to buy more Hive or pick Hive if it ever comes back to the “load” zone at around 75 cents.

I know this is very doable in the next 10 months. I will keep laser eyed on this goal.

16,000 Leo Power

This is something I want to exceed as a goal. I know that I managed to make 10K in 2021 and it should be absolutely possible for me to add another 10K LP this year. I did a quick back of the envelope calculation on my current situation.

I am pretty active on Leofinance and I curate daily. That means I will have my curation and author rewards that will help me achieve this goal. For instance, I calculated my APR for the month of February until now. I managed to get 4.75 Leo per day through curation and I averaged out 7 Leo per day through my posts. That gives me 11.75 Leo a day today which is not enough to hit the target. For me to reach my target of 16K, I need to at least make 18.8 Leo a day for the next 10 months. So, the difference is around 7 Leo a day.

With this calculation, I need to up my game through writing big reward posts or manage to bring in asset from other platforms to Leofinance like I did last year. It is not looking bright now but I think I will be able to achieve this target and exceed it. Let’s see how this goes with the Leo price and other variables that impact my passive income sources.

Oh, and 1 BTC

I think my financial goals this year are very realistic. I made a post earlier on where I noted that apart from these two Hive related goals, all my effort will go into accumulating as much BTC as I can until I reach 1 BTC. That’s the primary goal.

Posted Using LeoFinance ^Beta