My dear dudes,
As you know, I am canceling my contract in Germany in May to move to Portugal for good. There is a ton of reasons to do that, and I’d like to share them with you. In fact, I wanted to do this a long time ago, but a combination of expensive renovation costs for RP#3 and the fear of living without a salary for a while made me put my decision off for a few months. Not it’s settled! I am canceling my contract and moving to Portugal for good.
You already know the life I want: I want to have no pressure to work for money, and still have my salary paid no matter what so that I live the good life.
Yet, what stops me from pursuing this dream?
Holding a PhD on Applied Mathematics, being type A personality and a little OCD, I typically estimate things very accurately and thoroughly (sometimes too much!). Turns out that I messed up big this time.
I am very proud of RP#3 – it will generate a 50% Cash on Cash return and I will add 6 units to my portfolio. This would not be very surprising if we weren’t talking about a <50k property…
When I bought it, I knew right away that I would have to spend serious dollars towards renovating it. However, I did underestimate what I was going to spend…
My dear dudes,
After my reflection on 2016, it is time to clearly and realistically define my goals for 2017.
I am working towards 2017 being one of the most productive years of my life. I want to work mostly on 4 different angles: my finances, my self-development, my health, and of course, my blog. So, without further due, where we go…
You guys know that I preach frugality a lot. But I’ve also told you many times that it is all about enjoying the road. Money is not the end goal. Many people would trade money for meaning relationships, health, experiences, etc. If you’re working towards an early retirement, you have to learn how to enjoy the road as well as you meet your expectations and goals, while being frugal.
While this may sound difficult or counter intuitive, I bring you a nice example. I recently flew from Lisbon to Frankfurt in business class, as I was able to upgrade my coach ticket with mile points. I enjoyed the whole thing pretty much, and I would like to share it with you!
In Lisbon, the first / business class lounge is pretty much crazy. High quality espresso and all sorts of sandwiches, fruit, all newspapers and magazines, you name it. There is tons of space too. The chairs are super comfy:
I am traveling between Germany and Portugal this week. Since I got a much cheaper flight route from central Germany (instead of northern Germany, where I usually flight from), I decided to take that route for what I needed to stay at an hotel (altogether I probably saved 200 bucks, if not more). On top of that, my employer pays for hotel stays in cases like this, so it is kinda of a win-win.
However, they don’t pay for beverages from the mini-bar. I happened to be very thirsty at some point, so I decided to go for a water bottle from the mini-bar. I knew they are usually more expensive than anywhere else, but I was thirsty and could not buy it elsewhere. When I checked out, to by biggest surprise, it cost about 5 bucks! Yes, the price was probably there all along, but I never imagined a water bottle would cost so much. This left me angry, but the story doesn’t end here.
My dear dudes,
I have suggested this before, but I haven’t really made a decision till now. But now, it is time to say that, in 2017, I will be talking one year off. The decision is made and I am not coming back. I feel way too tired and I feel that I need to rest, and work on personal projects that I really get a kick out of, including this blog and a few other projects.
In October/November, I will lay down an entire plan for the year, and how I expect to cover my expenses and grow my net worth further (I will try to add another €50k to my net worth). Right now, I want to tell you about a smaller challenge within this mega news: I will be reading, reviewing and commenting on 100 books in 10 months (this is 10 books a month).
If you haven’t noticed, I am already revitalizing the “Books” section, introducing new books and taking it to the next level. The section will catch god damn fire, so stay tuned for more!
If you have any suggestions that are NOT in here, shoot me a message.
Thanks for all the support (especially the messages sent from the “contact” form of the blog). I am still catching up on answering them all!
You may know that I am an avid fan of Quora. I usually like to answer questions pertaining to Personal Finances (ranging from Real Estate to stocks), generic Life Advice, and more. I recently came across the question “What would you do different if you could go back in time?” (the question was later changed to “How do people get rich?”), in the category of Money and Personal Finance.
My answer has gotten around 70k views; I think that my vision is somewhat peculiar, and I’ve gotten positive feedback, so I thought about extending it a little bit here on my blog. So, without further due, if I’d either go bankrupt or 10 years back in time, here’s what I would do, now that I know how people get truly rich:
A lot of people ask me what I will do with my free time when I retire. “Early retirement?! You will feel so god damn bored!”
What these people don’t know is that one of the things I love the most in life is to grab my laptop and hit a nice caffee, drink a nice (preferably Italian) espresso and take care of my blog or crawl on high quality forums like Quora (btw, follow me here, as I tend to deliver very high quality answers when I am inspired), or simply read a nice book. I usually love to do this and watch people coming in and out the caffee, all with a nice chill out music in the background. I really love coffee and I really love to chill out. 🙂