2019 Budget, by Popular Request

Today is a one-off post outside my regular schedule of Monday and Thursday (and the occasional Thoughts on Tuesday). Yesterday I wrote about my 2019 financial outlook. When discussing it on Reddit, people asked me to share more details on the 2019 budget. Read the full article here.

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Looking Forward to 2019 – Financial Planning

Posting my plans and goals for 2019 makes sense, after I reviewed the year of 2018 on Monday. I have been looking forward to 2019 for a few weeks already, budgeting and planning. I will plan out my goals both conservatively and optimistically, to arrive at a range. Landing anywhere in that range would make me very happy. Also, I decided to start posting actual numbers here to hopefully paint a better picture of the situation and the road to Fire The Boss. Let’s see what we’ve got here! Read the full article here.

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Rockstars Know Rockstars – Why Smart Friends Matter

You are the average of the five persons you hang out with the most. That’s a fact. With average I mean anything. Level of education, wealth, physical fitness, anything. Rockstars know rockstars! This phenomenon is coined the Rockstars know Rockstars principle, I believe by David Greene from the BiggerPockets real estate podcast. Have you ever wondered why celebrities tend to marry other celebrities? The people you hang out with are a large factor in your habits. I think it has to do with your perception of what you consider normal. Read the full article here.

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Looking Back at 2018 – Finances and Life

2018 is almost over and it’s been a fantastic year. Lots of things happened in my life, and in this post I want to stand still by some of them. Today we will be looking back at 2018 with the following: Job change Crypto crashes Starting Fire The Boss Refinanced my apartment Volatility in the market Read the full article here.

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Retirement Investment Optimisation – My New Portfolio

My employer and I put money into a pre-tax retirement account. The retirement company then invests it until my official retirement age. At that age, I can use the money to purchase a monthly payment for the rest of my life. The retirement account invests your money according to two choices. The first decision is to let the management company invest your money, or to invest in an allocation of your choice. The second decision is either how much risk you want to take (when they invest for you), or which funds to invest in (when you invest). If you…

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Why I Don’t Track Spending from Our Joint Accounts

I am a huge data nerd, and personal finance nerd. That’s something I’ve said before. Also, I’ve been known for tracking every cent I spend, so that I can analyse the money I spend. What gets measured gets improved, so I measure the things I want to improve on. Simple, right? Then why don’t I track the spending from the joint bank account I have with Girlfriend? What’s wrong with me? Read the full article here.

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Why I Won’t Be Paying My Student Loans In 2019

I carry a small student loan, that I took out in the last year and a half when I went through university. I didn’t need the money to pay for tuition (it was 2,000 EUR per year), nor did I need it to pay for bills – I lived with my parents at that time. Then why did I take out student loans? They are evil right? My Student Loans Well, not always. Here in The Netherlands student loans are 99% of the time borrowed from the government, at some very favourable terms. When I took them, they had to…

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November 2018 update

After my October update that came in way too late, here’s my November 2018 Overview! It’s December already, so here are my numbers from November! My finances this month were on-point again, after some rocky months. I managed to save 39.3% of my net income this month, which falls slightly short of my goal of 40%. Year to date, my savings rate is still 39.7% and I expect to stay around this number in December. Read the full article here. Best, B

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Investing is Stupid, It Doesn’t Work

Why would anybody want to invest in stocks? That is a sure way to lose all your money. I have tried it once and it didn’t work. Lost 20% of my money. Investing is a scam. Investing is stupid! Of course, the above is not my personal view on investing. But reactions like these are common when I try to talk to people about finances and investments. How do you deal with them? Read that here. Best, B

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Reasons I Blog in English

It’s been just over a year and a half now that I started blogging about personal finance. As a Dutch guy, I started my first blog in Dutch. You can still find it over at Ontsladebaas.nl. The blog is still up, all the Dutch articles can be found there. But why do I blog in English? Read the full article here on Fire The Boss.

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