My financial goals for 2021

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(Edited)

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Last year was thrilling, so say the least. It was a year filled with a lot of unexpected events that affected every aspect of my life but overall, I'm just glad to be alive. I know a change in the chronological calendar won't automatically fix all the problems but at least gives a refreshing feeling and one aspect of my life in dire need of refreshing is my finances.

Right before the economic virus kicked into full gear, I took a calculated risk with my school fees that have paid off handsomely. I mean, there were times I was shitting bricks but after making a few moves, particularly with buying up lots of Leo and then investing in Splinterlands, I found myself in a long green patch that won't be receding to red anytime soon.

New Year, old me

This year, it is going to be more of the same in terms of investment and growing my crypto portfolio. I'm going to keep on putting in the work by writing articles daily, stacking and staking as much as I can to grow my portfolio.

This year, just like last year, I'm going to hold fast to my Hive-ish ways and the bulk of my investment will within this blockchain. I'll also dip my toes in a bunch of projects with a prospect out there. I've already benefited from Rune, AAVE and Vite blockchain so far, so I'll be increasing my stake in these projects and also looking out for more opportunities out there.

Savings

I'm going to trim down my recurrent expenditure this year and focus on the necessities. There will, of course, be the odd splurge but that will be calculated and very very NOT spontaneous.

My goal is to save as much as I spend, so I'll be gunning for a 50:50 split between both ends of expenditure to improve my financial position.

Spending Investing Savings

I'm not going to save till infinity because well, I won't live till infinity but I won't spend the saved money on things that don't promise some form of a dividend in the future.

For that reason, I'll be putting my savings into projects that will earn me some profit.

Outside of investing in cryptocurrencies and Fintech based projects, I'd like to invest in a physical business either owned by me or otherwise. As I said earlier, I want to dip my toes into every possible avenue of earning funds and take me to the next level.

Something Tangible

Investing in a business with a physical presence will be a hard swerve for me because I don't have experience in that area. My only foray into that neck of the woods didn't turn out well, and so I'm a bit sceptical but I'm not going to let that deter me.

My epic fails in 2018 thought me a lot of things about managing a business and the losses I accrued during that short stint at managing a computer centre/Computer and phone accessory retailer/AutoCAD tutorial will be at the top of my mind. I won't operate in fear but as a person aware of the fact that things could go down the toilet in a flash.

Selling drinks

My plan is to put money into a small scale business, and the one at the top of my mind is opening a drink shop. I would like to rent a small space in a nice neighbourhood where I can sell different types of wine, spirits, beer and soft drinks.

I don't want it to be a bar, so people won't sit out to drink at the shop but I could keep a few seats for some esteemed customers.

Sewing Shop

Another interest of mine is investing in @wolfofnostreet's venture into tailoring. She's an immensely talented tailor and makes nice dresses that get great reviews.

She intends to go hard in the sewing business by making bespoke clothes for customers and I think it will be a very successful venture.

The plan is to start from her room and make them clothes. Later in the year, when we should be married, we'll like to rent a shop and go supercharged on the sewing.

More Words

I'm going hard on my writing as well, and to improve, I'm going to read a few books and stuff. I started a book some months ago that I haven't been able to work on because I always lose interest in long term projects.

This year, I'd like to officially publish that book. It is going to be a science fiction, mind fuckery type of novel that could fit into an episode of Black Mirror.

Get a Job

Finally, I'd like to get a lecturing job at a reputable institution in Nigeria. The salary I earn from the job will be used to pay for food and all that stuff.

That salary, as shitty as it may be will enable me to reinvest all my other earnings into all my business plans. Right now, I've written out applications to four different schools and I'm keeping my fingers crossed. I would totally love to put all these degrees to work and lecturing is my best bet right now.

Hopeful heart

I hope everything works out at the end of the day. You can plan all you want but you also need that bit of luck and I'm banking on faith to sort out that side. I'm not a good Christian but I try to be a good person, so hopefully, God, Allah or Buddha could fix it for me.




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44 comments
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These goals are really achievable. I will follow your footsteps. You stI'll remain my mentor.. Happy New year brother

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lol thanks bro bro. Happy new year and thank you for introducing me to this life.

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Some serious ambitions this year man, love it! In also going to be changing my own tack and probably going to be looking at other, non-crypto investments as I'm quite well stacked in terms of how much fiat I've pumped in, relative to my overall worth!

Career change is probably on the cards as well and work will begin on that shortly.

Good luck with your endeavors mate, looking forward to hearing how you get on the 31st December 😁

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Fingers crossed bro. I'm also getting married this year but that doesn't count as a financial goal, so I did't mention it. I surreptitiously slipped it in there

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Well congratulations man, I wish you both all the success and a happy marriage! Paid for by crypto yes? :D

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Lol yup, we're a crypto couple. That's why I'm aiming to establish something on ground as well, to give me a different kind of asset and investment to reap dividend from

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Haha! That's actually pretty badass man!

Yeah likewise, I think I'll be looking outside of crypto for the most part as I've probably got way too much in this highly volatile thing but it's so much fun and really exciting!

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You could alsl look into p2p business online fot investing!
I haven't done it myself, but its something I will take a harder look at in 2021

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P2P like leasing crypto to people and getting paid back interest?

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Well yes.
Not nessercary Crypto, it can also be fiat.

I don't know the rates, but yes you earn interest if the business survives. Its a risk

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Sounds like a nice plan bro, please contact me when you see opportunities like that

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I'm sure that with time and energy you put into achieving your goals, things will start to get better and grow.

Though there are ups and downs too in any business but you'll always learn from it and improve to get better.

It's better to start now than procrastinate and do nothing.

I'm also not a good Christian but I believe that there's a Supreme being and will surely guide you through your goals. The sky is the limit

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Nice goals man :) I will be very interested to see more posts from you about the entreprenerurjsip which you are going to do. Also my admirations that you are looking for a job. God Bless you :)

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I enjoyed a lot reading your post and I'll probably share a similar one with my personal goals.

Lots of success @belemo!

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Thanks for checking out my post Empo-Sama, I'll love to read your post as well

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Not that active lately, but I'll try to change it soon :)

Hope you had a great entry this 2021.

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It was great because I spent the day with my family. How did you spend yours?

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I also stayed in the last hours of 2020 with my family. Then went to the countryside to hang out and enjoy a few beers with friends :)

Family, friends, cold beer... can't ask for much more :)

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Great to see you're looking at leveraging yourself and the talents of others, that's how real value is created, all the best with your ventures, when you create the positive cash flow you can do things like stack Bitcoin and other investments that compound over time

Earning a $ is the first hurdle the second is to take that earned $ and make it earn more for you

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Making money to make the money make more money and that's all that matters for me right now.

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A beverage business will always be an incredible option since it is a good investment, because people drink all year round in spite of being in the worst crisis, and also because no matter how bad the economic situation is, people buy clothes or fix what they have.

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This is such a great led out plan for this year, I pray you achieve all that you desire. Congrats on the wedding this year, I hope you inform us on time

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Your plan for the year is very good and I really like it. And your desire to support someone who want to start a sewing business is very good at least you can have a stake in an offline business which is very good. Also to secure a job in a school for a lecturing position that is a very good thing is I also wanted to have that kind of position some years back but my inability to secure and finish the Masters on time couldn't let me have that opportunity but it is very it is a very good thing. I wish you well in your endeavours in this year 2021 Happy New Year

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Compañero, @belemo.

Espero y este año nuevo 2021 sea exitoso en las finanzas para ti. Que sea un camino grandioso, donde puedas conseguir muchos beneficios y ahorros en cantidades. Apuesta a eso y dale responsabilidad. Todo llega a su tiempo y con esfuerzo mucho mejor.

  • Tus deseos en este 2021, son increíbles. Solo recuerda que una inversión será el comienza de un camino de victoria.

¡Saludos!

Partner, @belemo.

I hope and this new year 2021 will be successful in finances for you. May it be a great path, where you can get many benefits and savings in quantities. Bet on it and give it responsibility. Everything comes at its time and with effort much better.

  • Your desires in this 2021, are incredible. Just remember that an investment will be the beginning of a path of victory.

Greetings!

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The truth is that they are very good goals, I love being a teacher because it helps to drain as well as even if the payment is little, it helps cats in daily life.

I have always wanted to invest in splinterlands but I have realized that it takes a while and it is something that I do not have due to my studies.

I hope your business and other businesses are excellent.

Happy new year and greetings from Venezuela.

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Follow your intuition and make different mistakes from the past experiences, enjoy that learning and keep the faith up! Vibe your best now, certainly i don't know about those proyects You mention but about your personal entrepeneurship i could send You some vibe

Work on something by yourself is something that involves different areas and that requires passion, just Focus what You love enjoy to do and start up, succes is full of falls (:!

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