Goals Progress

FIRE Goals Quarterly Update: Q1 2020

As usual I post an update of my quarterly goals. But it seems that just 3 months in my goals have been drastically affected. A collapse of a major platform in Peer to peer, other platforms at risk, the Corona virus closing shops and all events caused me to make forced or not some drastic decisions to my goals.

FIRE Goal 1: Passive Income vs Net worth

I want to revise this goal, as I am moving out of peer to peer lending, and my stocks are no dividend stocks due to tax reasons I feel that I should be focusing more on Net Worth rather then income. The only thing that could generate income now is real estate. So I will give it some thought and come up with a number that seems reasonable. But I really want to take my time for this, I just think its strange to put a number on this before you have bought a house that could see yourself living in for the rest of my life. On the one hand it needs to be something that I can actually achieve also. In general it should just be big enough to bridge the gap between my retirement age and the government pension I would get at 67.

FIRE Goal 2: retirement age

As a retirement age, I have set myself the conservative goal I want to have the option to retire before I reach 50. That does not mean I will retire, but it would be good to have the option. I will review this age when I am further down the line in Fire.

FIRE Goal 3: Buying a house

Right now there is no houses on the market due to Corona. I am still wondering how this will affect the prices and will probably do a separate blog about just this topic.

You can follow my house hunt in my blog. Check out the latest post here.

My goals for 2020

I had enough time to think about these

  • Invest 15000 EUR in ETFs (additionally) Has now become invest 30.000 extra in ETFs = 7500 EUR invested so far!
  • Invest 15000 EUR in p2p (additionally) I will be leaving peer to peer
  • Earn a passive income of 350 EUR / month (by December) (Before taxes) = This will become pretty impossible since I am leaving peer to peer. I leave it onthere for now though
  • 5% more saving rate then in 2019 (for the months where there is data) = So far I am doing worse due to a mix of extra costs and a drop in income due to Corona, however I am not giving up yet 🙂
  • Buy a house
  • Buy off university years (so they count as working years towards retirement age): this goal is coming over from 2018: YES I managed to do this, so this will make it much easier to retire earlier, as now the 4 years I studied at university count as working years towards the calculation of the height of my pension at 67!
  • It would be nice if this blog reached 1000 pageviews / month = This goal has been reached and it has been over 1000 views / month for 3 months in a row now

Sportive goals for Q2 2020

I wrote the following in the beginning of the year:

I started Mountainbiking in April 2019, and would like to continue to improve my skills there. There is a tour in the Ardennen called Rock d’Ardenne. Its quite a hilly region in Belgium. So far I drove almost only on reasonably flat pathways and fields, so it will be a challenge to have bigger altitude differences. It takes places in the beginning of May. The pack I would be interested in is 90km spread over 3 days. I currently do about 50km on a flat surface most Sundays, so it would be slightly more challenging then what I did so far. Some more tours I am interested in If I complete it successfully I will be looking into more tours later on the year! I already have a few more in mind.

But due to Corona all mountainbike tours are canceled! 😦 That means unless the tour I had in mind bellow is postponed I will not be meeting this goal. But I can still make my goal of doing 60km with a mountainbike. Last weekend I went for a 50KM drive so I am getting quite close to make this goal and feel confident I will, most likely in the next quarter!

Since I can no longer pursue most of my usual activities mid-week, I have also picked up running as a sport, and am coming close to the benchmark of running 5km! As a goal for now I want to be able to run 10km by the time Corona is over!

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Goals Progress · Uncategorized

New 2020 Goals: out with the old in with the new| January update

FIRE Goal 1: Passive Income

Passive income Milestone 1: 1270 EUR

The first goal I am setting myself is to get a passive income of 1270 EUR. I am well aware this is a high goal I set for myself. But its rather symbolic. 1270 EUR was my very first wage after graduation. If I could get this again, even before inflation, it means I have reached a stage where I could maintain myself without working

My max in 2019 was 230 EUR (before taxes), unfortunately in December I had a slight bump in the road because of Kuetzal troubles. But I feel that 2020 will really put me on track to reach this goal!

Passive income Milestone 2: 2700 EUR

The second goal I have is much higher. 2700 EUR would allow me to have a car, and pay off a loan for a house.

Passive income Milestone 3: 4200 EUR

The last goal I have is 4200. Should I ever reach this I will know for sure I never “have” to work anymore. It would allow me to never have to worry about money, and spend whatever I like (within reason of a normal life), travel as much as I like, wherever I like, do whatever hobby I like to do and still have money left to raise a family if needed.

Fire Goal 2: retirement age

As a retirement age, I have set myself the conservative goal I want to have the option to retire before I reach 50. That does not mean I will retire, but it would be good to have the option. I will review this age when I am further down the line in Fire.

Fire Goal 3: Buying a house

I know a lot of people who are going for Fire, do not buy a house. For me its really important to have a house anyway. At the same time, I do not feel rushed. I live in an apartment right now, and since I am convinced about Fire, I feel I can wait much longer to buy a house, and do not need to put myself into a lot of debt right now.

You can follow my house hunt in my blog. Check out the latest post here.

Goals by end 2019

With 2019 being over, I can say that I met 3/5 goals

Goals I met:

  • 25.000 EUR invested in peer to peer lending (total): with 26.000 EUR invested I met this goal quite easily
  • Make 5500 EUR in 2019 (Investment returns – unrealized + passive income): very challenging to measure. So I will not mention this goal for next year anymore. That I made this goal was mostly thanks to a huge surge on the stock market, and a lucky investments in the stock called Galapagos.
  • Earn a passive income of 100 EUR / month (by December): with the Kuezal troubles this goal got really close to failing, but right now it looks even after I withdraw the expected losses I will be able to meet this goal

Goals I did not meet:

  • 4350 EUR extra invested in ETFs: I did not make it, I only invested 84% of this. I do have an extra 750 EUR on my investors bank account ready to invest, but I always invest in packs of 2500 EUR as this has the optimal investment fee.
  • Buy off university years (so they count as working years towards retirement age): I started the process in August, but it did not finish this year. The Belgian administration got so many requests that they are not able to meet demands in time. The status of my request did change this month to “processing”.

My goals for 2020

I had enough time to think about these

  • Invest 15000 EUR in ETFs (additionally)
  • Invest 15000 EUR in p2p (additionally)
  • Earn a passive income of 350 EUR / month (by December) (Before taxes)
  • 5% more saving rate then in 2019 (for the months where there is data)
  • Buy a house
  • Buy off university years (so they count as working years towards retirement age): this goal is coming over from 2018
  • It would be nice if this blog reached 1000 pageviews / month (currently at above 400), its been going up slightly every month so I believe its possible!

Sportive goals for Q2 2020

I started Mountainbiking in April 2019, and would like to continue to improve my skills there. There is a tour in the Ardennen called Rock d’Ardenne. Its quite a hilly region in Belgium. So far I drove almost only on reasonably flat pathways and fields, so it will be a challenge to have bigger altitude differences. It takes places in the beginning of May. The pack I would be interested in is 90km spread over 3 days. I currently do about 50km on a flat surface most Sundays, so it would be slightly more challenging then what I did so far. Some more tours I am interested in If I complete it successfully I will be looking into more tours later on the year! I already have a few more in mind.

Friends also suggested to participate to a Triathlon in June. I am not sure yet how serious they were. I did not decide yet if I would join, I love to bicycle, I am not sure about running or swimming.

Final note

I believe these are all goals that can be achieved based on the current year. Its possible that I modify these goals slightly depending of the situation, but based on my current situation this is a good guesstimate.

Happy new year all!

Uncategorized

My Fire goals redefined | September 2019 update

Fire Goal 1: Passive Income

Passive income Milestone 1: 1270 EUR

The first goal I am setting myself is to get a passive income of 1270 EUR. I am well aware this is a high goal I set for myself. But its rather symbolic. 1270 EUR was my very first wage after graduation. If I could get this again, even before inflation, it means I have reached a stage where I could maintain myself without working

Passive income Milestone 2: 2700 EUR

The second goal I have is much higher. 2700 EUR would allow me to have a car, and pay off a loan for a house.

Passive income Milestone 3: 4200 EUR

The last goal I have is 4200. Should I ever reach this I will know for sure I never “have” to work anymore. It would allow me to never have to worry about money, and spend whatever I like (within reason of a normal life), travel as much as I like, wherever I like, do whatever hobby I like to do and still have money left to raise a family if needed.

Fire Goal 2: retirement age

As a retirement age, I have set myself the conservative goal I want to have the option to retire before I reach 50. That does not mean I will retire, but it would be good to have the option. I will review this age when I am further down the line in Fire.

I will review this age next year when I have a better view on the rise of my passive income.

Fire Goal 3: Buying a house

Status: todo

I know a lot of people who are going for Fire, do not buy a house. For me its really important to have a house anyway. At the same time, I do not feel rushed. I live in an apartment right now, and since I am convinced about Fire, I feel I can wait much longer to buy a house, and do not need to put myself into a lot of debt right now.

Goals by end 2019

Ok 2019 is almost over but still I wanted to set myself a few reasonable goals

  • 4350 EUR extra invested in ETFs
  • 25.000 EUR invested in peer to peer lending (total)
  • Buy off university years (so they count as working years towards retirement age)
  • Make 5500 EUR in 2019 (Investment returns – unrealized + passive income)
  • Earn a passive income of 100 EUR / month (by December)

Goals by end 2020

I am still thinking a lot about these goals, and I might still change them near the end of the year, but the bellow goals do seem reasonable:

  • Invest 12000 EUR in ETFs (additionally)
  • Invest 18000 EUR in p2p (additionally)
  • Invest 1200 EUR in startups
  • Make 7000 EUR in 2020 (Investment returns – unrealized + passive income)
  • Earn a passive income of 300 EUR / month (by December)
  • Earn 500 EUR with Airbnb
  • Make 1 EUR from this blog
  • 3% more saving rate then in 2019 (for the months where there is data)

Goals Progress

Goals progress August 2019 – First update – FIRE

Since this is the very first update, it is not a quarterly update, but it is a first status of where I am currently. I set myself some goals for 2019 that I believe are not impossible to make

Main goals

  • Increase passive income
  • Increase Savings rate (slightly)
  • Get more structural passive income
  • Diversify

Passive income

What is included to make passive income?

  • Tax Returns on investments: I doubted to put this in or not, but it really should count as ROI, although its not pretty constant. Its a one time only payment
  • Returns on stocks (after taxes) – only actual realized return
  • Dividends on Stocks
  • Funds (unrealized return) – (YTD)

What is excluded?

  • Retirement funds (since they will be unrealized until 2049… )
  • Interests on savings accounts (so small that I don’t bother to check)

Savings rate

This is a really hard one to tackle since I have a lot of business expenses. This is making it hard to estimate my savings rate. But I did put an estimated guess here. I would say as long as it is above 70% I am happy.

Structural changes goals

  • Purchasing a house: this would allow me to rent out my current apartment and maybe earn a little bit extra on Airbnb rentals. It would also give me a more structural income
  • Increase investements on SP500 and Divident stocks

Goals by end 2020

Based on the above I set myself the following goals to reach by the end of 2020. If I reach all the goals I will reach my goal to have a passive income of 750 EUR/Month by the end of 2020

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