Aloha, upgrading myself from lurker to poster
Single, aged (almost) 34, living in NL. Expenses currently 3.7% of my portfolio, probably 3.6% by the end of the year. Asset allocation roughly 40%/60% (bonds / CDs / high yielding savings account), want to move to 85%/15% or so eventually if the market drops or when I definitely maybe will retire.
Quit the high-paying job two years ago, now self-employed with a fellow entrepreneur, earning less but still decent money and much better quality of life. At first marveled at the freedom, now again stressed out because of work obligations and well .. people I guess.
So back to thinking about my first love ever since I left my phd: early retirement! A bit similar to Jacob's line of thought (of ERE fame), only I didn't go for the RV lifestyle
Given my relatively young age and long investment horizon I thus now find myself somewhat in OMY territory: 3.6% is not very safe and the markets are at high levels, so 3% would be better, but of course 2.5% would be really neat .. on the other hand every euro I earn now takes me more time than before, so getting there might take me 10+ years of more working ..
.. so I am now setting myself a target of 190k usd more savings (inflation adjust every year), and then declare myself 'really financial independent'. Maybe travel a year or so to celebrate. In the mean time take it slowish career-wise and try and optimize for fun (going for sailing lessons soon).
But who knows, I may push up my number again once / if I reach it ... there's never really enough is there?
Single, aged (almost) 34, living in NL. Expenses currently 3.7% of my portfolio, probably 3.6% by the end of the year. Asset allocation roughly 40%/60% (bonds / CDs / high yielding savings account), want to move to 85%/15% or so eventually if the market drops or when I definitely maybe will retire.
Quit the high-paying job two years ago, now self-employed with a fellow entrepreneur, earning less but still decent money and much better quality of life. At first marveled at the freedom, now again stressed out because of work obligations and well .. people I guess.
So back to thinking about my first love ever since I left my phd: early retirement! A bit similar to Jacob's line of thought (of ERE fame), only I didn't go for the RV lifestyle
Given my relatively young age and long investment horizon I thus now find myself somewhat in OMY territory: 3.6% is not very safe and the markets are at high levels, so 3% would be better, but of course 2.5% would be really neat .. on the other hand every euro I earn now takes me more time than before, so getting there might take me 10+ years of more working ..
.. so I am now setting myself a target of 190k usd more savings (inflation adjust every year), and then declare myself 'really financial independent'. Maybe travel a year or so to celebrate. In the mean time take it slowish career-wise and try and optimize for fun (going for sailing lessons soon).
But who knows, I may push up my number again once / if I reach it ... there's never really enough is there?