I will place all my personal data there and also keep it as a safe device to store my programs and applications I am developing
I would seriously recommend using something safer for that. Having no proper memory protection any app writing to a wrong location in memory can screw up the file system. There isn't repair tool available for the file systems, except perhaps FFS. If the HW dies you cannot even access the files if you're using the SFS2 or JXFS.