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Objectives2018-09-29T08:55:10+00:00

Objectives

This page should show in a short and easy why my objectives I want to reach – with the support of Oscar. The SMART concept was applied – but this overview shows only the Specific, Measurable and Time-bound part of the analysis in a short manner. For more details, please visit the corresponding blog posts.

Objectives to be reached by
15th June 2023
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The Objectives

  • The luxury of time – become “rich in time”
  • Own unconditional basic income
  • Get up in the morning without setting any alarm
  • Doing projects because of loving them, not for income

Measurable

  • Monthly spendings should not exceed 50% of the monthly net income after tax and health insurance

  • Yearly savings should be minimum 50% of the yearly net income after tax and health insurance

  • In 2018: no overall loss end of the year in trading activities (educational year)

  • From 2019: 15% to 25% yearly profit of capital allocated to trading (part-time trading besides a full-time job)

  • 2019 to 2023: a yearly average profit of 20% from capital allocated to trading

  • From 2020: 70% of savings is allocated to trading, 20% is allocated to long-term investments and 10% is allocated in a savings account (10% roughly represents spendings of one year)

  • From 2023: 20% yearly profit from trading represents roughly 1.4 times yearly spending needs

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