Compound interest explained If I asked you for 10000 EUR and there was a 100% guarantee that I would give it back in one year, would you give it to me? Probably not. Even if you got it back what would be your benefit of giving me 10000 EUR? What if I asked you for… Continue reading How compound interest is fueling the road to Financial independence
Tag: fire
Moving abroad | Why Portugal is the ultimate financial independence country
What if I told you there is a modern country out there, part of the EU, great healthy food, low cost of living with seas, a great climate and low cost of living? As I am living in EU I do compare the member states outthere to see what member states would be good for… Continue reading Moving abroad | Why Portugal is the ultimate financial independence country
How do you become rich? | The simple life
My first wage was 1270 EUR after taxes / Month Additionally I got a "gasoline card", basically free gasoline for my car I was really proud. I thought I was making a ton of money. Ok...1270 is not such a high wage by Western standards perhaps. But include free transportation, and knowing healthcare is almost… Continue reading How do you become rich? | The simple life
Increase your pension and lower your retirement age
Legal versus actual retirement age in OESO countries When we look at the actual retirement age versus the legal age, we can see that the real age is in most countries, especially Western countries, bellow the legal age. The government cannot force anyone to work, but at the same time they are not required to… Continue reading Increase your pension and lower your retirement age
Goals progress August 2019 – First update – FIRE
Since this is the very first update, it is not a quarterly update, but it is a first status of where I am currently. I set myself some goals for 2019 that I believe are not impossible to make Main goals Increase passive incomeIncrease Savings rate (slightly)Get more structural passive incomeDiversify Passive income What is… Continue reading Goals progress August 2019 – First update – FIRE
Roadtrip to FIRE 