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• 1/1/2022 : Plan start

History

My FIRE journey started in 2014…..07/21/2014 to be exact is when I wrote the About section of this blog. I have completed 7 years on the FIRE journey and moving to my 8th year. I went from accidentally learning about FI to earning the following Passive Income dollars per month from 2014 to 2021 with a 2022 estimate as well.

Year	Dividends per month
2014	$0171.02
2015	$0705.80
2016	$0840.80
2017	$1040.13
2018	$1380.78
2019	$0868.90
2020	$0733.73
2021	$0877.75 (goal for 2021 was $900)
2022	$900.00 (targeted goal for 2022 after a failed attempt in 2021)

FIRE targets for life

My Financial Independence criterion, that I followed for the period 2014-2019, is listed here. In 2020, I changed the way I track the path to reach that goal. Why? I educated myself on a different way of looking at my portfolio called Bucket Investing Approach. I have listed my rationale and explained how I want to use the Bucket Investing approach in my financial life here.

With that in mind, I am going to list my FIRE targets for life! From this table, I will derive the 2022 yearly financial goals later.

Bucket 1: CASH	3 yrs of living expenses
Bucket 2: BONDS	7 yrs of living expenses
Bucket 3: EQUITY	30 yrs of living expenses
Bucket CF1: College Fund 1	$100K
Bucket CF2: College Fund 2	$100K
Bucket Mort: Mortgage Loan-to-Value ratio	0% (fully paid off mortgage)
Bucket Med: Medical Fund	$100k….via HSA

Using the above targets table, my goals for 2022 will be derived next.

FIRE goals for 2022

For 2022, I have the following mini goals to get me closer to the FIRE targets for life listed in the previous table.

1. Contribute $12K to Bucket 1 (CASH Bucket…3yrs of living expenses)
   1. 03/31/2022
   2. 06/30/2022      
   3. 09/30/2022      
   4. 12/31/2022      
2. Contribute $0K to Bucket 2 (BOND Bucket….7yrs of living expenses)
   1. 03/31/2022 DONE (Nothing to do for this year)
   2. 06/30/2022      
   3. 09/30/2022      
   4. 12/31/2022      
3. Contribute $12K to Bucket 3 (EQUITY Bucket) via Brokerage Account
   1. 03/31/2022
   2. 06/30/2022
   3. 09/30/2022
   4. 12/31/2022      
4. Contribute $39K to Bucket 3 (EQUITY Bucket) via 401K
   1. 03/31/2022
   2. 06/30/2022
   3. 09/30/2022
   4. 12/31/2022      
5. Keep Loan to Value (LTV) ratio <= 75% for 2021
   1. 03/31/2022
   2. 06/30/2022  
   3. 09/30/2022
   4. 12/31/2022 
6. Max out HSA contributions ($7300)
   1. 03/31/2022
   2. 06/30/2022      
   3. 09/30/2022     
   4. 12/31/2022       
7. Contribute $4800 to 529 College Fund 1
   1. 03/31/2022
   2. 06/30/2022      
   3. 09/30/2022      
   4. 12/31/2022    
8. Contribute $4800 to 529 College Fund 2
   1. 03/31/2022
   2. 06/30/2022    
   3. 09/30/2022
   4. 12/31/2022     
9. Estate Planning (Will, POD beneficiaries, Caretaker for children)
   1. 03/31/202
   2. 06/30/202     
   3. 09/30/202      
   4. 12/31/202

Bucket Status 2022

• 1/1/2022 Update

Name	Purpose	Percent Complete
Bucket 1	CASH (3 yrs of living expenses)	56.21%
Bucket 2	BONDS (7 yrs of living expenses)	92.42%
Bucket 3	EQUITY (30 years of living expenses)	66.72%
Bucket CF1	College Fund 1	87.79%
Bucket CF2	College Fund 2	27.70%
Bucket Mortgage	Loan to Value ratio (low band price)	70.76%
Bucket HSA	HSA Medical Fund	42.25%