It is a big year, big news – I am going to be a daddy

I am going to be a daddy. It was big news for our family. The new member will join our tiny family in march 2015. 😀 . We knew this news a couple of weeks ago, but kept it secret until the 3 months scan, just to make sure everything is O.K.

This 2014 is a big year for me in my personal and finance life.

My achievements may look very simple, but I love to celebrate every single success. Small achievements, sometimes even years of many small successes will lead you to a huge success. So, let’s celebrate them.

In 2014, I set my long-term and short-term financial goals and started to move toward to achieve the goals.

I was financially messed up until last year. In 2014, I started to organize everything and made some progress to increase my income while reducing the discretionary spending (spending diet).

In 2014, I started this blog to document my journey to become a self-made millionaire.

In 2014, I reached my first $50 000 net-worth first time in my life. I was struggling with massive student loan debts few years ago, and somehow I managed to build over $65 000 net worth in 3 years period. And now, I am in progress to reach my second $50 000.

In 2014, we bought our first home; it will be ready to move in on Dec 01 (hopefully). Currently, I am very busy with shopping for mortgage to get a best deal possible.

In 2014, I heard the news that I am going to be daddy soon 😀 . We are expecting our first baby in early march 2015.

For sure, we will have a financial pressure. We will lose one income stream as my wife has to take off for couple of years to take care our baby, and our expenses will increase significantly because of our new home and for the baby related stuffs.

Thus, we need to manage everything with my income from day job and the income from my stock portfolios. I am confident I can handle this pressure.

I have set my financial goal to become a self-made millionaire in 10 years and earn $25000 per year passive dividend income from my stock portfolio. I have no idea to make any changes in my financial goals.

I am a responsible son for my parents, responsible husband for my wife, and will be a responsible father for our baby. So, I may not take risks as much as I did before – at least everything is settled.

But, I will take every step carefully toward my goals and make them happen within the time periods.