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Personal and financial milestone progress!

Last Updated on September 8, 2020 by Mr. FightToFIRE

It’s been a while since I wrote a personal milestone progress post. Excluding the overview of 2019 and the plans for 2020, my last update of any milestone was May 2019. Ouch! Time to change that with some splendid news.

I finally registered for a Spanish language course!

As you may or may not know, my wife speaks Spanish. So to better communicate with her and the family when we visit them, I will learn Spanish.

It took a bit longer than expected since the starter course only starts once a year in September. Since I missed last year, I had to wait till now to register. Luckily I was able to because you never know in these strange times.

Next steps

Now that I registered, the next step is to get the course material and then just patiently wait for the start in three weeks!

After I started with the language course, I will put my milestone to 100%. Leaving it at 50% reminds me to take a look at it later than I will most likely update my financial milestones later.

Financial milestones progress

My other milestones are actually also making decent progress. One financial milestone, 10,000 EUR in deposits, was met and even surpassed by 5,000 EUR. Sooner than expected to boot. I’m excited to see that my investment paid off right away as the markets continued to climb. (Update 08/09/2020: in the meantime, they took a beating but I could sell some NVDA shares before the drop).

My Savings Rate is also above the target of 50% but only barely and due to my August expenses I will be a bit below. I hope that the next months will be better but I fear for it as other personal and medical expenses are around the corner for me and my wife.

My final financial milestone, dividends, is also struggling. The corona pandemic forced various companies to lower or even scrap (e.g. Kinepolis) their dividend for 2020. Under these difficult circumstances, reaching my dividend milestone will be hard. If I can receive any form of dividend I’ll do a little victory lap.
With 151.88 EUR in dividends, I’m 69.47 EUR behind 2019 that had 221.35 EUR. and even further removed from my target of 400 EUR.

I'm a developer for a major financial institution in Belgium that is present in over 40 countries. I have over 8 years of working experience in the development of customer applications focussing on all aspects of banking. This helped me gain a deep understanding of the inner workings of a commercial bank. All of this experience in both banking and life culminates in this blog about personal finance and my fight towards FIRE.

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