Goals/Objectives for 2021

I’ve done the goal setting posts before and gone over my 2017, 2018, 2019 and 2020 goals in previous posts. For 2020, most of the financial goals were accomplished, but as with many people, the non-financial goals were mostly listed as “incomplete.”

For 2021, my financial goals have one key goal that I have removed – increase in Net Worth. The lessons from 2018 to 2020 is that the finance markets will be driven up & down, sometimes on a whim. With over 83% of our net worth as investments and savings, a stock drop of 20% (or gain of 20%) will dramatically decrease/increase our net worth – without me being able to control it at all.

One thing about goals, they should be meaningful, but they should also be something you can drive. Our Net Worth is really beyond our control right now. What I can control is the amount we continue to save as we close in on retirement – and that goal will remain.

As I noted back in July 2020, our expected FI date was past July. The crash of March/April certainly cut into that, but with the big rise in Nov-Dec, we could officially retire today (according to my numbers). Can you say “sequence of return risk.” However, I think the market is overpriced and due for a correction, so I don’t really feel comfortable retiring now. The job I’m currently doing is enjoyable, and I’m due a decent bonus payment in early April, so I plan on staying on for the moment (can you stay “one more year syndrome?”).

So what about goals for 2021


  • Save $29K in tax-advantaged accounts. 401K, and Roth IRA.  
  • Save $41K in regular accounts.  Starting to build that bucket of funds we’ll need prior to hitting age 65.
  • Increase dividend income from all accounts to $29K/year (compared to 28K in 2020).
  • Passive income covers 38% of base living expenses in retirement, estimated at $78K per year (hit 37.1% last year). My long-term goal is to get my dividend/passive income up to where it covers over 100% of my expected retirement living expenses, so my investments can continue to grow.
  • Did not put in a Net Worth Growth goal.


  • Attend at least 12 SJREIA meetings (my local real estate investors association) this year. They’re holding regular online meetings now, and eventually we’ll get back to live meetings.
  • Increase the number of blog visitors by 10%. Actually lost -18.5% from 2019. Not sure if this was poor writing, not commenting on others work, or just Covid. I want to grow it in 2021.
  • Build TKD Woodworking (my side-hustle name) with in-person sales (craft fairs, farmer’s markets, etc.).
  • Make $1,000 in sales (not necessarily profit) on items with TKD woodworking
  • Write/publish a book on finance.  I wrote one for new graduates in 2017, but I have identified an area of the community which hasn’t been served as well in the past. Hopefully I can assist with something here.  I’ve got the first five chapters outlined/partially done, but still have a ways togo.


  • Continue to work with www.Gymnasticbodies.com to stay fit at home. Get to constant use of level 1 of exercise. With Covid, attending gyms just doesn’t appear to be in the cards.
  • Average 2 hours of cardio per week, which is about what I’m doing now.
  • Backpack over 100 miles on AT (did around 60 miles in 2020). The trail that I haven’t hiked is getting further and further away, making it impossible to do weekend trips. Right now I’ve got over 150 miles scheduled for 2021. .
  • Reduce weight by 20 lbs. from Jan 2021 (lost 8 lbs. in 2020). Again, I want to get in better shape as I get closer to financial independence and retirement
  • Read at least one book a month. I surpassed this goal in 2020, and re-learned the joy of reading.


  • Visit one national parks (that is the plan, right now)
  • Visit family in Tennessee, Vermont and New York. Family is very important to me. One of the things I am looking forward to with financial independence is the opportunity to visit family more often. Need to get up to see my brother in Vermont.
  • Week with Mrs. 39 Months for our 35th wedding anniversary in July. Not sure where we’Take a week at the shore and just relax with family. Currently planned for July, but we’ll see how many family members can come.
  • Visit Ellis Island. Still want to do this – its so close. As 50% Czech from immigrant great grandparents from the turn of the century, I believe they went through there, and I want to see it

So those are my somewhat ambitious goals for 2021. I am going to do my best to hit them, so wish me luck.

What are your goals for 2021?

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Mr. 39 Months

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