The first €100,000 is a bitch, but I’ve gotta do it!

These are the words of famous investor and Berkshire Hathaway’s second-in-command, Charlie Munger. But why is jumping over this €100,000 hurdle so important? How does this help me reach financial freedom earlier? Let’s find out. Continue reading “The first €100,000 is a bitch, but I’ve gotta do it!”

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5 steps to take before you start investing!

For many people investing is the way to go to build wealth and hopefully financial freedom. But investing is not without risk. Over time, your investments will increase and decrease in value. Long-term however, a diversified portfolio tends to do fine.

But there are steps to take to make sure you are not forced to sell your investments at market lows. Let’s find out more about these steps! Continue reading “5 steps to take before you start investing!”

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Financial Freedom Progress Report (FFPR) – February

February with just 28 days passed by rather quickly! Time to see what February brings in terms of progress towards financial freedom! Let’s take a closer look at my net worth and investment portfolios. Continue reading “Financial Freedom Progress Report (FFPR) – February”

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Private banking is for fools, this is why!

Congratulations! You have suddenly amassed a sizeable nest egg through an inheritance, selling your business or by winning the lottery. Every corporate bank is enticing you to let their private bankers do their magic with your money! But should you join their elite clubs? Continue reading “Private banking is for fools, this is why!”

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My First Financial Freedom Progress Report (January)

Here it is, my first Financial Freedom Progress Report (FFPR). These past two months have been awesome, but not financially. A lovely Christmas and New Year’s Eve with family and friends, skiing in France, buying the necessary skiing equipment, redecorating the room of my son, etc. It all piled up! As a result, the savings rate of December and January turned out much lower than I expected. Continue reading “My First Financial Freedom Progress Report (January)”

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Using active or passive investing to reach financial freedom?

Many aspiring investors struggle to get started. In different magazines and online they read about ‘hot’ stocks that could become the next Microsoft or Google. After ‘careful’ consideration they take a leap of faith by putting money in a stock with such a ‘promising’ future! What could go wrong? Continue reading “Using active or passive investing to reach financial freedom?”

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My journey towards financial freedom starts here!

Personal finance, investing and building passive income is what I have loved for many years. But I did not really focus on financial freedom and early retirement yet. To change this, I follow-up on my idea to start blogging about my progress at a detailed level. Continue reading “My journey towards financial freedom starts here!”

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