2016 goals / Debt / Goals / Personal Finance

2016 Goals

ACTIVE GOALS:

#1. Pay off Home Equity Line of Credit by December 31, 2016.

Status: In Progress
Start date:
 January 1, 2016
End date: December 31, 2016
Days remaining: 365
2015 HELOC starting balance: $11,576.25
2015 HELOC ending balance: 
$8,702.59
2016 HELOC starting balance: $14,777.05

Updated: February 14, 2016
Days remaining: 321
HELOC balance: $14,644.60
Amount paid off: $648.69 (-26.51%) (based on 2015 starting balance of $11,576.25).
Amount borrowed in 2016: $6,539.93

HELOC Feb 14

#3. Finish Canadian Securities Course by Monday, May 16, 2016

The Canadian Securities Course (CSC) is the basic requirement for most entry-level retail banking positions that will eventually lead to my end goal (Financial Planner/Advisor). Following the 3-month study plan (plus 2 extra weeks just in case), I aim to have the course completed by Monday, May 16, 2016.

Status: Behind target (5 chapters)
Start date:
 February 8, 2016
End date: May 16, 2016
Days remaining: 99

Updated: February 22, 2016
Days remaining: 84
Modules remaining: 25 of 27 (0.3 chapters/day)

Canadian Securities Course Study Guide Progress

Week Week of Modules
1 Monday, February 8 1: The Capital Market – Completed!

2: The Canadian Securities Industry – Completed!

3: The Canadian Regulatory Environment – In Progress (32.14%)

2 Monday, February 15 4: Economic Principles

5: Economic Policy

3 Monday, February 22 6: Fixed-Income Securities: Features & Types

7: Fixed-Income Securities: Pricing & Trading

4 Monday, February 29 8: Equity Securities: Common & Preferred Shares

9: Equity Securities: Equity Transactions

5 Monday, March 7 10: Derivatives

11: Financing & Listing Securities

12: Corporations and their Financial Statements

STUDY

6 Monday, March 14 STUDY

EXAM

7 Monday, March 21 13: Fundamental and Technical Analysis

14: Company Analysis

8 Monday, March 28 15: Introduction to the Portfolio Approach

16: The Portfolio Management Process

9 Monday, April 4 17: Fundamentals of Managed and Structured Products

18: Mutual Funds: Structure and Regulation

19: Mutual Funds: Types and Features

20: Segregated Funds and other Insurance Products

10 Monday, April 11 21: Hedge Funds

22: Exchange-Listed Managed Products

23:Fee Based Accounts

24: Structured Products

11 Monday, April 18 25: Canadian Taxation

26: Working with the Retail Client

27: Working with the Institutional Client

STUDY

12 Monday, April 25 STUDY
13 Monday, May 2 EXAM

 

ACCOMPLISHED GOALS:

#2. Become Financially Stable by March 31, 2016.

This means having enough income to cover all our expenses so we don’t have to incur debt to pay them. This should happen shortly after I start working again on Monday, February 8, 2016 as long as we’re vigilant in keeping our discretionary spending down.

Status: In Progress
Start date:
 February 2, 2016
End date: March 31, 2016

Date Accomplished: February 19, 2016
Days ahead of target: 41

5 Stages of Personal Financial Independence

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