What are your KPI 's

Discussion in 'Investor Psychology & Mindset' started by Darlinghurst Boy, 5th Mar, 2016.

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  1. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

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    i am a Public Servant and we recently done a day course lunch paid etc on KPI .
    That is Key Performance Indicators.

    Do you have any KPI's in measuring your investment property goals?
     
    Darlinghurst Boy, 5th Mar, 2016
    #1
  2. DaveM

    DaveM Well-Known Member

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    1) Make money

    Thats about it.
     
    DaveM, 5th Mar, 2016
    #2
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  3. ellejay

    ellejay Well-Known Member

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    Main ones are :
    By x date I'll have $x passive income per month.
    By x date I'll have tenants paying off $x principal per month.
     
    ellejay, 5th Mar, 2016
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  4. Angel

    Angel Well-Known Member

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    and we recently did a course...............
     
    Angel, 5th Mar, 2016
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  5. 158

    158 Well-Known Member

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    I pay my staff on Mondays religiously to prevent being knee capped or murdered.

    pinkboy
     
    158, 5th Mar, 2016
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  6. joel

    joel Well-Known Member

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    I have a goal for my net worth by certain dates
    And savings targets in the short term
     
    joel, 5th Mar, 2016
    #6
  7. bob shovel

    bob shovel Well-Known Member

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    Did they provide lunch? Will determine if you meet the kpi of the training!
     
    bob shovel, 5th Mar, 2016
    #7
  8. See Change

    See Change Well-Known Member

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    Am I making money ?
    Am I sleeping well ?

    Cliff
     
    See Change, 5th Mar, 2016
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  9. Johnny Cashflow

    Johnny Cashflow Well-Known Member

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    Reading your great posts

    image.gif
     
    Johnny Cashflow, 5th Mar, 2016
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  10. Tim & Chrissy

    Tim & Chrissy Well-Known Member

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    I can't resist any longer:
    1) 1 IP purchase p.a.
    2) Reach passive income goal in 12 years
    3) Exceptional use of grammar on PC
     
    Tim & Chrissy, 5th Mar, 2016
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  11. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    1. Check propertychat 10 times a day
    2. Post one photo on propertychat a day. Stretch target 10 per week.
    3. Snort coffee out of my nose when reading propertychat once per week
    4. Sigh loudly at what people write on propertychat twice per day
    5. Wonder how public servants are measured at doing their job if they don't have KPIs, once a week.
    [​IMG]
     
    Last edited: 5th Mar, 2016
    Westminster, 5th Mar, 2016
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  12. Angel

    Angel Well-Known Member

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    My PC KPIs
    Be as dry-witted as possible. This will be measured by how many respondents ask if I was being sarcastic.

    My Business KPIs
    Increase Cash Flow.
    1. This will be achieved by removing unnecessary expenditure from my daily life - such as cash-sucking property in regional Qld. Achieved, account for new hot water system pending.
    2. Increase cash flow by refinancing away from big 4 bank that charges > 5% for existing customers. My broker tells me this has been achieved but I'll fully believe it when these loans have a nil balance showing on my account. Cash sucking bank is so saddened to lose my custom.
    3. Increase cash flow by self-managing IP with established long term tenant. Next on the To Do list
    4. Increase cash flow by going back to cleanskins following two months of sedating myself with boutique cold climate Semillon blanc and Victorian Cab sav. In progress.

    Increase Capital Growth
    Sit back and pray for miracles. Lord, give me a break.
     
    Angel, 6th Mar, 2016
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  13. Sackie

    Sackie Well-Known Member

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    What are your KPIs?

    1. Build equity short term.
    2. Build equity medium term.
    3. Build equity long term.


    I have found that quite often the people who are focued on having a passive income as a kpi will focus on types of properties that will get them $10 here and $20 there. Overall their focus tends to veer away from building wealth. I prefer to focus on building as much equity as fast as possible. Turning it into passive income then is very simple.
     
    Last edited: 6th Mar, 2016
    Sackie, 6th Mar, 2016
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  14. The Y-man

    The Y-man Moderator Staff Member

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    My goals were originally around "net worth by when".
    As consequence, for a while the KPI was monthly increase in net worth (mainly through IP
    ).

    These days, the goal is more "$x pa non-personal exertion income by when" (across portfolio - not just IP)
    So the KPI is monthly non-personal exertion income

    The Y-man
     
    Last edited: 6th Mar, 2016
    The Y-man, 6th Mar, 2016
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  15. Hodor

    Hodor Well-Known Member

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    I know many are making light of this, but to clarify for anyone new, "make money" is a terrible KPI/goal.

    You can "make money" with 100 dollars in a "high interest" savings account.

    You need to peg you "make money" against other asset classes and inflation to ensure you are not going backwards and that alternative investments aren't offering comparatively higher returns.
     
    Hodor, 6th Mar, 2016
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  16. Scott No Mates

    Scott No Mates Well-Known Member

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    Underpants......?......Profit!
     
    Scott No Mates, 6th Mar, 2016
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  17. willair

    willair Well-Known Member Premium Member

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    Only "2",a large window,and every time i log into the ASX web page for updates on equities prices i just open the window grab the laptop and try and hit the large gum tree,the other property just looks after itself..
     
    willair, 6th Mar, 2016
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  18. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

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    No you must write down columns etc ... It seems you are all doing it wrong !!

    You must measure it .. So as a Public Servant we measured our key performance indicators ...actually i forget how to do it now as i was more concentrating on the free lunch but its not done like the way some of u did it .. Eg Goal making

    Its not goal making but key performance indicating
     
    Last edited by a moderator: 6th Mar, 2016
    Darlinghurst Boy, 6th Mar, 2016
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  19. Coota9

    Coota9 Well-Known Member

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    Another great waste of tax payer's money!!:D:D
     
    Coota9, 6th Mar, 2016
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  20. thegreat

    thegreat Well-Known Member

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    i am so expecting this reaction. What is your response, @darlinghurstboy?
     
    Last edited: 6th Mar, 2016
    thegreat, 6th Mar, 2016
    #20
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