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!”

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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!”

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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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Key takeaways from Buffett’s Annual Letter to reach FIRE!

I always look forward to the Annual Letter from ‘The Oracle of Omaha’ Warren Buffett. Often a lot of wisdom and common sense is found in these letters. It also provides insight in the thinking of one of the best investors of all time. Let’s find out what we can learn from Buffett’s 2018 letter for those striving for financial freedom! Continue reading “Key takeaways from Buffett’s Annual Letter to reach FIRE!”

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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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