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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