Happy New Year! My goals for 2018

goals for 2018
2017 was a successful year. I plan to achieve even more in 2018!

Every year I take a few days off between Christmas and New Year and inevitably I mull over how I spent the previous 12 months and take stock of the successes and the failures, the good and the not so good . I also look ahead and plan what I would like to achieve over the coming 12 months.

This year I decided to share my goals for 2018. These are categorised as follows:

So here goes!

Health and Fitness

running to get fit
In 2017 I started running and in 2018 I want to take it to the next level!

In 2017 I started running and in December I ran a 5k.  I have never been sporty and fitness was never a priority of mine, so this was quite out of character. In fact most of my friends were absolutely flabbergasted when they found out that I had participated in a sporting event of my own free will.

The fact is that we are all getting older. Since I turned 40 (I am now 43) my metabolism slowed, every cookie went straight to my hips and I got out of breath whenever I tried to climb more than one flight of stairs.

I would obviously like to increase my chances of living a long, active and healthy life, so the time had come to do something about it instead of just whingeing every time I got on the weighing scale. I am proud of what I have achieved with my running in 2017, so in 2018 I want to keep building on what I achieved last year and take it to the next level.

My Health and Fitness goals for 2018 are the following:

  1. Join a running club
  2. Run a 5k and finish in 35 minutes or less
  3. Run a 10K (just get to the finish line!)
  4. Attain a BMI of 22.6 and maintain it

Self Improvement

The importance of constant learning
In order to feel fulfilled we need to keep learning and growing.

When we stop learning and growing we stagnate. In order to feel fulfilled and confident as individuals it is critical that we feel that we are making progress in life.

Over the last year I made a conscious effort to improve in a number of areas, with a top priority on emotional intelligence. I also invested a lot of time learning about new technologies especially blockchain and cryptocurrencies. The investment paid off. When it comes to emotional intelligence I have made progress, and I feel that my life and work relationships have improved accordingly. I have also reaped dividends from the hours spent reading about blockchain. A number of articles I wrote on the subject were published and I was invited to speak at a blockchain conference.

Clearly investing time and energy into learning new skills and obtaining new knowledge pays off. In 2018 I want to continue learning.

My self improvement goals for 2018 are:

  1. Join a book club. Make new friends AND read interesting books!
  2. Read at least one educational book a month and review it on this blog.
  3. Read and learn about robotics and automation, and how these will impact society

Blogging

committing to blogging regularly
In 2017 I failed miserably at blogging. In 2018 I will do better!

Well, this is one area where I failed miserably in 2017. I totally forgot about this blog and did not post anything all year! Clearly I need to do better in 2018, or else there is no point having this blog at all.

 

 

My blogging goals for 2018 are:

  1. Post an article a week
  2. Reach 500 subscribers
  3. Achieve 5000 page views a month

These are undoubtedly stretch goals, but I think that the time has come to commit to this blog. I enjoy writing and I also have lots of plans, and a blog is a great way of holding myself accountable.

If you are reading this would you consider subscribing to this blog to be kept up to date with new posts? It would help me reach my goal of 500 subscribers by the end of the year 🙂

Creativity

knitting
I plan to knit lots of different things in 2018 🙂

This is an interesting one because just like running, it is not something that I ever really considered before. In my previous life as an entrepreneur and owner manager of my business my company was my raison d’etre. Other than my family and close friends there was not much time or space for anything else.

Since I sold my company I have made a conscious effort to find some hobbies and this year I found one totally by accident. At article in a business magazine about the therapeutic effects of knitting led me to try it out. A few months later I found myself totally hooked!

In 2018 I want to learn new knitting techniques and I want to make lots of stuff! My creative goals are the following:

  1. Try knitting in the round.
  2. Build a stash of knitted gifts and surprise everyone with a handmade gift next Christmas.
  3. Make an item of clothing and actually wear it!

Giving Back

giving a helping hand
It is not enough to be grateful for what you have. We also have a responsibility to give back to those who are not as fortunate as us.

In 2016 I set up a foundation with the aim of helping children who were struggling due to trauma or poverty. I was very fortunate to form an alliance with a local trust who helped me raise funds to make my dream a reality.

In 2017 the foundation went from strength to strength. We now employ three counsellors who provide counselling services to children who need help. We also launched a series of educational outings on Saturdays for children from disadvantaged backgrounds. The children got to visit the local acquarium, the science museum and a number of different educational venues.

In 2018 I plan to continue building on the success of 2017. With the help of the trust I hope to bring more professional therapists on board in order to be able to offer an even better service to the children we are helping. I feel incredibly privileged to have this opportunity to give back.

My goals in this area for 2018 are:

  1. Expand the service offered by my foundation by recruiting more therapists
  2. Promote the foundation by writing articles and posting more frequently on social media

Financial Independence

Last but definitely not least are my FI goals. In 2017 my main goals were to pay off our mortgage and all personal debt, which I achieved. My husband and I also decided to sell our sailing boat, which was very expensive to keep. The boat has now found new owners and we have reduced our annual expenses considerably.

office block construction
We are going to embark on an ambitious project to construct an office block for rental.

In 2018 I am planning to embark on a new project to augment our passive income. This will be the focus of several posts this year, I am sure, but in a nutshell we will be constructing a new commercial office block, with the goal of putting it on the market for rental some time in 2019.

So my ambitious FI goal for 2018 is as follows:

  1. Get planning permission to build a new office block, find a contractor and get started on the project

So as you can see I have a lot planned for this year. Frankly it could be that I have bitten off more than I can chew and that I will not be able to complete all of these goals. However the important thing is that I give them all a crack and that I make progress.

Wish me luck!

Author: Mrs Smelling Freedom

After selling my business my priority is consolidating my family’s financial independence. I blog about Entrepreneurship, Financial Independence and living life to the full!

4 thoughts on “Happy New Year! My goals for 2018”

  1. Wow, you don’t do things in half measures do you! An interesting, challenging and I’m sure rewarding year is ahead of you. I look forward to hearing how it goes.
    Obviously the foundation work is truly inspirational, but a couple of other things also caught my eye. I love the idea of making the Christmas gifts – my daughter did something similar last year and it was wonderful to receive such a personal gift which I knew she had put a lot of thought and effort into. I’m also looking forward to hearing updates on the office block project – we may do something with house renovations, so kind of loosely related.
    Stupid question…have I subscribed? I thought I had but can’t find confirmation. If I haven’t, then I will 😉

    1. Hi David, thanks for visiting again
      Yes I am looking forward to this year – hit the ground running this January and I hope to keep up the momentum. A few days ago I read your post re your residential rentals, and it was interesting to see what a different approach you are taking to me. Frankly it made me rethink my very negative outlook on residential lets. The way I am doing it at the moment is that I am aiming for commercial buildings (where I am from an office block is not necessarily a massive building – in my case I’m talking of circa 500 square metres), and the cheapest way to get such an asset is to build it yourself, because buying it complete would cost a lot more. I have already done it with one commercial property and I am getting a very good return (circa 10% before tax) so I hope to repeat that. The rental income from the two buildings would more than cover our annual living costs, so it is an important step on our FI journey. After reading your article it struck me that your portfolio of properties is more diversified, thus reducing risk. Fruit for thought.
      Re subscriptions- no your email is not in my subscriber list yet. Looking forward to getting it 🙂

  2. I’m impressed about your foundation. I’d be interested to learn more about it. We might start doing something similar in Romania.
    I wisch all your plans for 2018 work out well!

    1. Hi Mr W! It would be great if you could set up something in Romania 🙂 Happy to help any way I can. The way we set it up is that we signed an agreement with a school in a disadvantaged area and we are employing counsellors who are assisting children in the school. That way we do not spend any money on premises and the children are able to ask for help during school hours, without needing to involve their parents or guardians. It is working out quite well 🙂

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