NOTE: Updated quarterly; latest update is on 12/26/2015 

I started my humble journey towards Financial Independence in 2014. I did establish what Financial Independence means to me and what the goals were. But, I really did not have any yearly goals for 2014. I just wanted to come up with a plan and create multiple passive income streams and let them fly, protect my family with life insurance, etc. I believe that I have accomplished all the goals I implicitly had for 2014. For 2015, I wanted to be a little bit more formal about goal setting and I will document my 2015 goals in this post, updated quarterly. Monthly Progress Report is tracked here.

The Financial Independence criterion for me are:

For 2015, I have thought about the following goals to get me closer to the above financial independence goals. The updates are quarterly for each goal.

1. Max out 401K contributions for both me and my wife.(Done: 12/31/2015)
   1. 2015 401K limit is $18000 => $36K worth of 401k contributions.
      1. 03/31/2015 $13K/$36K done       $23K remaining
      2. 06/30/2015 $26K/$36K done       $10K remaining
      3. 09/30/2015 $32K/$36K done       $4K remaining
      4. 12/26/2015 $36K/$36K done        $0K remaining
2. Contribute $16000 to Passive Income Streams (stretch goal of $24000) Done (09/30/2014)
   1. VCAIX, VTMFX, VDIGX, VHDYX, VTCLX, VTMSX, VTMGX, VMMXX.
      1. 03/31/2015 $4K/$16K done         $12K remaining
      2. 06/30/2015 $8K/$16K done         $8K remaining
      3. 09/30/2015 $25K/16K done         $0K remaining
      4. 12/26/2015 $37K/16K done         $0K remaining
3. Contribute $4800 to 529 College Fund (Done: 12/31/2015)
   1. Vanguard 529 Plan
      1. 03/31/2015    $1200/$4800          $3.6K remaining
      2. 06/30/2015    $2400/$4800          $2.4K remaining
      3. 09/30/2015    $3600/4800            $1.2K remaining
      4. 12/26/2015    $4800/4800            $0K remaining
4. Deposit maturing CDs into passive income streams Done(01/17/2015)
   1. VCAIX: $35K   $30K
      
   2. VTMFX: $10K $20K
      
   3. VDIGX: $10K  $15K
      
   4. VHDYX: $5K   $10K 
      
5. Keep scouting for a possible home (Not Done: 12/26/2015)
   1. A paid off house is a must for financial independence.
      1. 03/31/2015         No progress
      2. 06/30/2015         Finished mortgage analysis, finally!
      3. 09/30/2015         Scouting properties….not much luck.
      4. 12/26/2015         Prices way out of reach. Some discussions on relocating to a different state…not sure yet
6. Start and finish Estate Planning (Not Done: 12/26/2015)
   1. Will, POD beneficiaries, Caretaker for our child, etc
      1. 03/31/2015        No progress
      2. 06/30/2015        No progress
      3. 09/30/2015        No progress
      4. 12/26/2015        No progress…definitely for the coming year
7. Get a more stable job. (Not Done: 12/26/2015)
   1. Current job is on very shaky foundations
      1. 03/31/2015        No progress
      2. 06/30/2015        Interview preparation started!!
      3. 09/30/2015        Interview preparation slowed down 😦
      4. 12/26/2015        No resolution yet…need more will power 😦