What Would You Do With 1 Million Euros?

One. Million. Euros. That’s a lot of money. Like seriously, a lot. Here in The Netherlands, a million euros is still considered a metric shit ton of money. In the USA, if you make Silicon Valley programmer’s money, or New York City banker’s money, a million is something you can save up in a couple of years. In The Netherlands, a million euros is a lot. Not a lot of jobs pay the kind of money you would earn in the aforementioned US-based jobs, plus our government will take a large chunk of your hard-earned salary (up to 52%). So…

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You Need a Budget – YNAB (part 4)

After you’ve given every euro a job, embraced your true expenses, and are rolling with the punches, the last step to take is ageing your hard earned money. You need to do this so that you can live on last month’s income and thus break the paycheck-to-paycheck cycle. Have you ever postponed paying a bill because you get your salary in a couple of days? If so, you really need this YNAB rule number four. This rule makes you build up a cash buffer of at least a month, so that you no longer have to float your expenses towards your salary….

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Het (on)zin van een emergency fund

Common wisdom in the personal finance world is to have at least 3/4/5/6/9/12 months of expenses in an emergency fund. The money in this fund is used as a cash buffer, not to be invested but to be ready when something bad happens to you. In general, this is really good advice. But for the die-hard FIRE people, do you really need an emergency fund? Having a large sum of cash can certainly help you out when you’re in need. But it also has some negative implications. Cash drag is one example. In this post I dive deeper into the…

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How I Analyse: My Personal Finance Dashboards

To measure is to know, also in the personal finance world. Tracking your income and expenses, investments and net worth should become a standard for individuals striving to reach financial independence. I have a set of personal finance dashboards that I use to keep on top of my finances. Do you too? Measuring is the key to improving. Before you know what to improve on, you have to measure first. That’s what I do with my personal finance dashboards where I track every single transaction, and aggregate them to show numbers such as my savings rate, total net worth, and FI…

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I Cancelled My Luxury Credit Card

I’m not your regular die-hard travel hacker. Nor am I very proficient in credit card churning. But I did own an American Express Gold card for the last two years, via FlyingBlue, the airline miles program from KLM and partners. The FB Gold card is considered a luxury credit card, at least here in The Netherlands. Its price tag of 170 euros per year is pretty steep, considering that you can just get a credit card for free via most banks if you have a checking account with them. What makes the Amex FlyingBlue Gold card so special then? And why did…

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You Need a Budget – YNAB (part 3)

Let’s do a little thought experiment here. I want you to think of a budget. Was the first thing in your mind a feeling of restriction, of some plan set in stone, never to be changed? That’s the classic idea people have when hearing the word budget. To opposite is true! If you budget that inflexible you will have a hard time. You budgeted 200 euros for groceries, and now you’ve spend 210. Oh my, that’s a disaster! What do I do? My budgeting life is over. Or is it? Budgeting is about staying the course by being flexible. Like…

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Volatility in the Stock Markets is Back

The last few weeks we’ve seen some more volatility in the stock markets. Is this time to worry? What should you do when stocks are bouncing up and down? In essence, you should probably do nothing. Just stick to the plan. If you don’t have a plan, make one then stick to it. Even in though times. Markets go through cycles. Though times are always coming, and since we can’t predict when they’ll come it’s better to just don’t worry about it. If the recent volatility has you worried, you might have to switch to a slightly less aggressive investment…

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bunq-gastblog

Is samenwonen fiscaal voordeliger?

Vriendin en ik wonen inmiddels zo’n anderhalf jaar samen. We hebben toen bewust gekozen om geen fiscaal partners te worden. In onze situatie was dat niet bepaald voordelig, en dat heeft te maken met het flinke inkomensverschil dat wij hebben. In sommige gevallen is fiscaal partnerschap echter wel voordeliger. Hoe dat zit lees je in dit blog van onze partner bunq.

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You Need a Budget – YNAB (part 2)

When you start budgeting, you should embrace your true expenses. In this article I show how you can budget for irregular or large infrequent expenses using YNAB. Often these expenses are what make people stop budgeting altogether, complaining “it doesn’t work”. There is however a very easy way to budget for these expenses. Just click the link and read the article. It will be of help. Read the full article here. Best, B

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You Can’t Predict But You Can Prepare

You can’t predict the future. Not in life, not in finance. If you could, you would be a multimillionaire and probably not reading this blog. But what you can do is prepare. Preparation for multiple likely scenarios will set you up for succes. For example, in personal finance, you will never know what the stock market will do. But you do know that when you save 40% of your income, and invest that money, you will likely come out way ahead of your peers. Luck is when preparation meets opportunity. All of us get opportunities. So be lucky by preparing…

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