DDU’s 2018 Goals

By | January 23, 2018

Author: Mr and Mrs DDU.

2017 seemed like a whirlwind, with many of our 2017 goals ticked off. Now we need to look ahead to 2018 and see what we want to achieve.

Firstly, we’d just like to thank everyone who reads (and comments on) our blog. We appreciate that you take time out of your day to read of our words. So, whether you’ve been reading our blog for years or this is the first post you’re reading, thanks for following!

These are the goals we’re aiming for in 2018:

Goal 1: Enjoy quality time together

FI(RE) is our ultimate aim but we want to make sure we enjoy the journey to get there. We are very lucky to have Baby DDU and almost everything else we could want right now.

We need to make sure that we ‘live in the moment’ and enjoy the time we have as a family with each other and Baby DDU.

This isn’t a ‘SMART’ goal but more of a reminder for us.

(We also have an exciting announcement that we will share in the coming weeks regarding this..)

Goal 2: Save 50% of our income

One of the biggest factors for us to achieve FI(RE) is how much we save. We managed to save 43% in 2017 so we think we can go a bit better and save 50%. Ideally we’d like to get even higher to perhaps 52.5% or 55% but 50% is a very nice, round goal. Of this 50% goal, portions of it will be put towards investing and our house fund (see below).

Goal 3: Invest $18,000 of new cash into shares

We believe the best way for us to reach FI(RE) is to invest in shares. This target breaks down into $1,500 each month, which is a good increase from last year’s target of $1,000 each month.

Over 20 years capital growth should be the biggest contributor to our FI(RE) fund, but all the better if we can pile on the savings.

Goal 4: Save at least $18,000 for a house deposit

Our next major goal is to buy a house. Australian house prices are some of the most expensive in the world, so this will take a lot of saving.

We’re aiming to save at least $18,000 over the year but we could end up saving a fair bit more depending how the year goes. Perhaps $24,000+ is achievable, but $18,000 is a good goal.

Goal 5: Post at least 68 articles

We let the quantity and quality of articles slide in 2017, so we’re going to post more articles with a lot more variety of posts, not just our monthly updates. We hope you enjoy the upcoming year of articles and we’re going to love writing them.

Goal 6: Receive at least $1,315.71 dividends

That seems like a very specific number, but it’s a very round goal of a 50% increase on 2017’s total. One day we hope our dividends will be higher than our desired expenses in FIRE, so we have to build up to that over the years. The first few years will be small but it will quickly snowball. This target is an average of $110 each month.

Final Thoughts

We think all of those goals are motivating, very good and achievable – hopefully we beat them all by a fair amount. 2017 was a fantastic year, fingers crossed that 2018 can be our most financially successful one yet.

What are your goals for 2018? Which goal do you think we will beat the most?

Thanks for reading this article about our financial journey Down Under.

Onwards and upwards!

22 thoughts on “DDU’s 2018 Goals

  1. Miss Money Box

    To be honest, I’m most impressed with your goal of posting at least 68 articles. This is a formidable number, as they take so much time. I wish you all the very best with it!

    Reply
    1. Dividends Down Under Post author

      Thanks MMB, you’re right – it does take a lot of time and energy to devote to each post. I don’t know how Financial Samurai and Our Next Life do it 🙂 Thanks for your best wishes.

      Mr DDU

      Reply
  2. wealthfromthirty

    These seem like great goals Mrs & Mr DDU. Saving for a home deposit is a big one, I’m starting to think about it more and more too, but property where I live is painfully expensive – most buyers would need a dual income to support a mortgage on a typical median price home! Good on you for setting an ambitious target of 50% of your income. I I’m certain this works very well!

    Reply
    1. Dividends Down Under Post author

      Yes, most cities in Australia are ridiculous, I wish our prices were as affordable as the USA’s on average. Anyway, I guess that’s what happens when you live in the best country in the world, right? 🙂 Thanks for following our journey and giving us encouragement.

      Mr DDU

      Reply
  3. Frankie

    Nice list of goals – especially number 1. This has been at the top of my list for a few years now, and is usually what I’m most proud of achieving at the end of every year 🙂

    Look forward to seeing how you deploy that $18,000 into shares over the next 12 months!

    Reply
  4. grogounet

    agree with comment above… 68 articles WOW
    i do find most of them take around 2 to 3 hours each so that s a LOT of time!
    i also very much agree with your first goal, way more important than any other financial goal

    Reply
  5. Strong Money Australia

    Really like your goals guys. They’re pretty ambitious too!

    I think I like number 1 the best! I probably let that one slip a bit for a few years, as I was doing lots of overtime, but it’s super important for everyone’s state of mind and happiness.

    Reply
    1. Dividends Down Under Post author

      We all only have so much time and sometimes things have to take priority over other things. And that’s okay, for a certain amount of time. Whether we’re billionaires or broke #1 only changes if you put time and energy into it, which is why we must always actively work on it.

      Mr DDU

      Reply

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