As I did last year, I will try to aim for certain milestones on both a personal and financial level. I already looked ahead on what I want to achieve in 2021, so now it's time to put those numbers into concrete SMART milestones.
Last Updated on January 6, 2019 by Mr. FightToFIRE
Final status 2018 milestones
Well, I already made a few milestones that wanted to reach before the year-end, but in the end, I only reached one personal milestone. The second personal one was harder to reach than I thought, so I didn’t get it.
As for my financial ones, only the dividend payout amount was too farfetched. I meant what I said my the first reached milestone post: this year will be different.
This year I want to have well-defined targets.
Starting with the personal ones, I will set a reading target for myself once again. The big difference compared to last year will be the books’ topic. Instead of books about blogging or improving my writing, I will focus on personal finance and economics. This means I’m following a similar path of other FIRE bloggers, which is unoriginal but since it’ll help me improve my knowledge, it’s still the best course of action for me.
Regarding my financial targets I want to set the same as last year but this time more challenging though still realistic if I stick to my planned deposits and purchases.
I want to reach at least 200 EUR in dividend payout. This time I didn’t just pick any number. You see, Lynx offers a very interesting tool called Portfolio Analyser that gives me a detailed overview of my portfolio status since inception (or any time period for that matter). One of these views is Projected Income (see image to the right). Based on this projection and the plan to add some additional dividend-paying ETFs, I’m aiming for 200 EUR at least.
As explained in my introduction, this year I’m going to strive to finish 8 economics or personal finance books. While 8 doesn’t seem like a lot, for someone that spends a lot of time behind a computer and spends the majority of his work behind one as well, it is certainly a lot. Heck, of the four books I wanted to read in the 3 weeks of holiday I had, I only finished 1 and barely started on the second one.
Learning SpanishAprendiendo español
In evening classes
My final and second personal milestone is learning a new language. I always had an eye on Spanish but I never got around to really starting it (besides trying a few apps from time to time). However, my girlfriend is Spanish-speaking so I now have a lot more motivation to learn the language. This one is definitely a challenge for me since I’m not that good with Romance languages (i.e. French). I will have to wait for Q3 because it’s only then that evening classes start again.