Climb that FIRE mountain but don’t forget to enjoy the road and the view!

Striving to reach financial freedom is addictive. You work hard, generate additional sources of income and save and invest as much money as you can! But don’t be fooled. It’s very easy to forget that you are living right now. You don’t start living 20 years from now when you’ve reached your $1+ million dollar portfolio. Don’t miss out on the small things of life! Continue reading “Climb that FIRE mountain but don’t forget to enjoy the road and the view!”

Financial Freedom Progress Report (FFPR) – April 2019

April was another solid month but nothing special, really. Nice Easter with family and friends and beautiful weather! We even went to the beach to chill and enjoy the sun. The financials were solid as well. Let’s take a closer look! Continue reading “Financial Freedom Progress Report (FFPR) – April 2019”

7 things you can do to survive a reorganization and get out stronger!

With tech firms disrupting many industries, reorganizations are the new normal. I’m about to face one myself in the coming year or so. Since my day-job is my most important source of income, the key question here is: how to survive a reorganization and still make the most of your career?

There are several things you can do before a reorganization and potential layoff. The sooner you start the better! Let’s find out more about 7 of them. Continue reading “7 things you can do to survive a reorganization and get out stronger!”

5 important lessons that investing in real estate teaches your kids!

Investing in real estate is a wonderful way to generate cash-flow. No investment comes without risk, but real estate can deliver generous returns. On top of that, investing in real estate teaches your kids several important lessons that they do not learn in school. Let’s find out more. Continue reading “5 important lessons that investing in real estate teaches your kids!”

Subscriptions… A sneaky money burner that keeps you from reaching FIRE earlier!

Last week an interesting news article was published. It showed that on average people have 11 subscriptions. Much more than I expected. Youngsters under 25 years old have on average 16(!) subscriptions. Imagine the impact of the costs of that many subscriptions  on reaching financial freedom?! The Dutch Consumers Association (Nibud) advised making a list of your subscriptions every year and decide whether you really need them. That’s exactly what I will do right now! Continue reading “Subscriptions… A sneaky money burner that keeps you from reaching FIRE earlier!”

Reaching FIRE with a generous heart!

For those of us living in The Netherlands, Western Europe or the West in general, we are so lucky! The Netherlands is the 12th richest country in the world. The Netherlands has a poverty rate of just 7.9%. Far lower than India (60.4%) and even the United States (16.8%). We are so rich and we don’t even know it or perceive it that way.

Last week that was really an eye-opener for me. Hoarding cash and investing a lot of money is fun. But I think it’s very important to keep your eyes open for those not so fortunate. Generosity is an important trait to reach FIRE joyfully and peacefully. Continue reading “Reaching FIRE with a generous heart!”

Investing in rental properties just became a lot easier with Dynamic Credit!

Great news for Dutch real estate investors! Dynamic credit just came out with news that they now have a financing proposition that lets you finance up to 90% of the Loan-to-Value in rented condition. For those who are not shy of somewhat higher leverage, this is a great opportunity. Let’s find out why. Continue reading “Investing in rental properties just became a lot easier with Dynamic Credit!”

How to manage money as a family and reach financial freedom?

In many families talking about money is frowned upon. But if you want to reach financial freedom talking about money is essential! If you are single, you can just follow your own road to financial freedom with no need to consider a lot of variables. But once you have a spouse and kids things become a lot more complicated!

Talking about money with family needs to be as common as talking about the weather or your next vacation. Once you lift the money taboo you can make big steps to reach financial freedom! I will share some things we applied in our family of 4. Continue reading “How to manage money as a family and reach financial freedom?”

How to prepare for the next recession and make money in the process!

Recessions come and go. In history there have been many recessions in the US. Since 1777 around 47 (1 every 6 years). In most recent years recessions have lasted for about 10-18 months. Obviously, the most vivid recession for millennials was the financial crisis in 2007-2008.

This recession lasted 18 months with the stock market dropping more than 50%. Combined with a peak unemployment rate of 10% (the highest since 1937), the ‘08 recession was vicious!

With over 10 years into the bull market the next recessions (at least historically) seems just around the corner. The question is: how to prepare for the next recession? There are several things you can do to limit the blow of an inevitable crisis and bear market. Let’s find out! Continue reading “How to prepare for the next recession and make money in the process!”