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What are your KPI 's

Discussion in 'Investor Psychology' 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?
     
  2. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    1) Make money

    Thats about it.
     
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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.
     
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  4. Angel

    Angel Well-Known Member

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    and we recently did a course...............
     
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  5. pinkboy

    pinkboy Well-Known Member Premium Member

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

    pinkboy
     
  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
     
  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!
     
  8. See Change

    See Change Timing Lord Premium Member

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    Am I making money ?
    Am I sleeping well ?

    Cliff
     
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  9. Johnny Cashflow

    Johnny Cashflow Well-Known Member

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    Reading your great posts

    image.gif
     
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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
     
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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
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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.
     
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  13. Leo2413

    Leo2413 Well-Known Member Premium 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
  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
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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.
     
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  16. Scott No Mates

    Scott No Mates Well-Known Member

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    Underpants......?......Profit!
     
  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..
     
  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
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  19. Coota9

    Coota9 Well-Known Member Premium Member

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    Another great waste of tax payer's money!!:D:D
     
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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