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  • eurfi 19:44 on 2016-10-16 Permalink | Reply  

    Goals 2016 – Three Quarter Report 

    My goals for 2016 were:

    • Yearly expenses below 36.000 Euros (average of 3.000 Euros per month).
    • Change in work situation.
    • 100 Euro per month side hustle (project Escape 9 to 5) in December 2016.
    • 24 blog posts (average of 2 per month).
    • Spend 3 nights outdoors with my oldest kid.

    And I recently added:

    • Net worth end of 2016 – 360k Euros.

    Our yearly expenses are running at 37.4k. This is slightly less than 3 months ago. It felt possible to reach, but then we bought Lego toys for over 400 Euros (around 40 kilos). We will see, what the future brings.

    I changed my work agreement to 3 days a week. But I didn’t use my free days to my advantage (e. g. project Escape 9 to 5). At the moment I’m back to 4 days a week and I might be back full time in 2017. It is quite an amount for each day more/less. So, in order to reach financial independence by Summer 2020 I have to use all I can get.

    I abandoned my ambitions to earn money with my side hustle (project Escape 9 to 5). Over the summer I had 2 free days each work and almost never worked on it. I still use my software often, but rarely do I program on it. At the moment I concentrate my energies on the stock market. I think there is the most potential. I will go back to my little software project when I’m FI.

    24 blog posts: 12 posts are set (monthly net worth report) and if I post at least once in between I should be able to make it. But of all my goals it is the least important one.

    I spent 2 nights outdoors (with my wife and all kids). So, while I did not reach 3 nights, I’m very happy that we camped two times! It was fun (and very wet the second time).

    To reach my 360k net worth goal I have to add 4k each remaining month.

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  • eurfi 23:25 on 2016-10-03 Permalink | Reply  

    September 2016 – net worth and expenses 

    September was a solid month.

    • brokerage accounts 286.7k (+6.1k)
    • ETFs 9.3k (+0.6k)
    • cash 46.1k (-13.6k)
    • alternative investments 34.9k (+15.0k)
    • taxes -28.9k
    • total 348.1k (+6.5k) [+1.9%]

    I have an aggressive goal for the next three years (more on this further below) and the year end figure for 2016 is 360k. As of today only 12k are missing. I expect half of it (2k each month) to come from savings. The other half has to come from the stock market.

    Monthly Expenses

    • January 2.8k
    • February 2.6k
    • March 3.4k
    • April 3.7k
    • May 3.3k
    • June 3.2k
    • July 2.9k
    • August 2.6k
    • September 2.9k

    September seems average, but there are vacation costs (700 Euros) and clothes included (300 Euros). So it actually was a very inexpensive month. My goal for yearly expenses is to stay below 36k. At the moment we are running at 37.4k.

    Camper Van Savings Account

    • July 2.2k (monthly savings 37 Euros)
    • August 2.6k (monthly savings 165 Euros)
    • September 3.0k (monthly savings 165 Euros)

    No changes for the monthly savings (and also no changes expected for the rest of the year).

    FI Date / Aggressive Goal

    My Excel sheet (which is based on increasing the yearly gain by 10k each year) projects us at 600k at the end of 2020. With the 4 % rule we can then withdraw 2k each month, which should cover our (then reduced) expenses. My new goal is to reach this point in June 2020. 360k in 2016, 420k in 2017, 490k in 2018, 570k in 2019 and finally 600k in spring/summer 2020. I will try to reach it in 2019, but 2020 is more realistic. To achieve this, I have to make (on average) between 4k per month in 2017 and 6k in 2019 in the stock market. At the moment I do not know how to achieve this. I have to spend more time learning and researching, that is for sure!

     

     
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