Hey everyone! This is was first post of the year, and I want to share some ideas and tools I’ll be using in 2025 to achieve my financial goals. These are my personal targets, but I hope they can serve as inspiration for others looking to improve their financial situation.
💰 Income Streams: Time to Supercharge Them
In 2024, I successfully changed careers, which was excellent because it allowed me to optimize my routine and become much more productive than before. I also opened new income sources throughout the year. Now, it’s time to invest time and energy to give them real power.
Primary Job
I have an excellent job that I perform during the week. This year, my focus is to:
- Identify and improve my weak points
- Gain deeper understanding of topics that are vital at work
- Shadow colleagues who excel in these areas and have more conversations with them
- Dedicate one extra hour daily to learning and studying these subjects
By year-end, that’s 200+ additional hours of learning invested in my mind.
Cryptocurrency
I continue with my Dollar Cost Averaging (DCA) strategy and plan to keep executing it. I have a substantial amount of money coming in the first quarter from an investment I made and requested withdrawal at the end of last year. This money will return with interest, and I want to use it to apply Meyer’s multiples strategy in crypto as well.
I also have several assets in lending programs, generating monthly interest income, which keeps me comfortable with my crypto portfolio.
Writing and Content Creation
I’ve always loved reading – this habit has been with me since childhood. I’ve created content for the internet in the past, though admittedly without much consistency. But in 2024, I found the courage and increased my precision to finally start writing from the heart and mind for you all.
I really missed having a place where I could ask questions to someone more experienced without having to pay for it. So I’ll write and create content here and on other channels to:
- Generate income
- Share knowledge freely (because it’s become a habit I truly enjoy)
NYSE/Stock Markets
I frequently monitor both the NYSE and local stock markets. I want to apply short-term strategies to capture profits in brief time periods and close positions quickly. My focus remains on US dollars, gold, and crypto, but I see opportunities to trade stocks profitably.
💸 Expenses: Learning to Take Hits (And They Don’t Hurt as Much)
Last year, I had to make several investments in image and relationships to expand beyond my usual social circle. This was reflected in my expenses, mainly spending on dining out and social events.
This year, I have bigger events to achieve: buying a car, traveling, and getting married. So this category wouldn’t surprise me if it increased to level up my lifestyle.
Housing
This expense will rise due to inflation adjustments. Currently, I rent my place. Since I’m getting married, I need:
- A larger apartment
- Better location for my future wife’s commute to work
Groceries
Will definitely increase. The inflation rate is high and I believe it will only continue rising.
Transportation
I spend very little here currently. I don’t have a car yet but plan to get one for:
- Safer and more practical transportation
- Emergency situations (my mother has a health condition and I want the ability to help and visit her when needed)
- Short trips where it makes a significant difference
While Uber and Lyft are good options, I worry about drivers who aren’t having their best day and make abrupt maneuvers.
Health and Appearance
I continue improving and building in this area. I believe a well-calibrated self-image brings more confidence, which allows you to feel good and interact better with others. My health is a vital pillar in my life, and I want to keep refining it in the best way possible.
Education
For this year, I have goals to:
- Read books on different topics
- Continue studying Spanish (it’s a company requirement and I feel it will be vital for the future)
This will generate expenses, but I love investing in this area.
📈 Assets: Income Generators
Currently, I have:
- Crypto generating income through staking
- Writing and content creation across multiple platforms
All this work is just beginning. I’ve set a 5-year horizon without expecting profits while massively building value on the internet. If someone reads something and gains something positive from it, I’ve completed my mission.
The asset stack construction should be completed by the end of this year.
📉 Liabilities: Gained Many Gray Hairs Here…
I have my entire focus on income generation and asset investments. Like anyone, I have liabilities. Most are spread across credit card payments.
I don’t intend to use my cash flow to pay off any debt. Instead, I’ll increase my income and make these liabilities feel insignificant. However, I have 3 major goals for the year:
- Get married
- Travel
- Buy a car
This column should stay busy until June, which is when I believe my efforts will start gaining more traction.
🎯 Summary
This year is when I must put everything I’ve learned into practice and gain precision about what I want, need, and should do and become. In my opinion, this is the key point.
By increasing my precision and understanding of things, I believe I can:
- Say no to “opportunities”
- Focus on the right causes that will guide me to my desired life scenario
I hope you can follow me on this journey and that we can all gain valuable knowledge throughout the process.
What are your financial goals for 2025? I’d love to hear about your strategies and plans!