What’s your financial plan for 2021?

I started 2020 with a list of 5 financial goals that i hoped to implement and achieve by year end. December is the time during which I make a deliberate and intentional effort to reflect on and review the previous 12 months finances and put in place a plan that i will (hopefully) execute in the coming year.

In this post i share my 2020 high level goals which i eventually rolled over into 2021 with some minor tweaks. In the post i break down the goals, provide a summary of why they are important as well as one or two of the steps that I took in implementing them.

2020 goals

1. Reinvest all investment income / interest / returns earned
2. Beef up foreign currency reserves (savings)
3. Make investments in foreign currency
4. Go crypto!
5. Limit idle naira

How I did and 2021 changes

Of the 5 goals i managed to achieve 4 – I didn’t make any cryptocurrency investments in 2020 but that will hopefully change in 2021. I plan to carry all 5 goals forward into 2021 and will add another 2:

• Invest only in foreign currency, no new naira investments outside of my pension
• Consider making additional voluntary contributions into my pension account

Here’s to successful investing in 2021.

Thanks for listening!