FIRE in the Netherlands – continuing the talks

tulips

Last weekend it was that time of the year again. On a bloody hot summer day, we decided to sit inside all day talking about money, investing, wealth and other life questions that pass by when you’re on the journey to FIRE.

Cheesy Finance had organized yet another NL FIRE Meet-up, one we could actually bike towards this time!

As always there were some great guest speakers to talk about related topics. Adine from Lekker Leven Met Minder spoke about how you can earn money blogging, a crowdfunding expert talked about investing via… well uhm, crowdfunding of course. And our friend from The Pursuit of HOT led a discussion on how EVERYTHING is negotiable.

Besides the guest talks, there was more than enough time to mingle and talk to one and another, and I’m sure I still missed talking to some.

As this was our fifth time attending, we noticed that the focus on investing (or saving) only has shifted a bit to the more softer side of personal finance:

  • What do you do once you reach financial independence?
  • How do you deal with other people (or partners) in your journey?
  • How can you optimize your daily life in one of more joy and freedom?
  • The impact of sharing on your energy level, dreams, and growth.
  • Inspiring each other and get inspired by being open to one another.
  • Shifting the mindset in it’s all about the money to it’s all about HOT.
  • How the barrier of quitting a day job is bigger than you thought.
  • What brings true value to your life and what not?
  • How our mind is telling us the same stories over and over again and FIRE is about breaking out of the status quo.

Basically saying that aiming for FIRE is about more than hitting a number and is nothing more than a lifestyle choice. A choice that leads you forward into new possibilities, ones you have never thought of before and is opening up a different kind of life than that we are all used so used to.

I’m grateful to know and regularly meet these group of wonderful people.

And in order to fill up the gaps between the 4 meet-ups per year, Spekvet.com and I set up a Slack group together in order to continue the talks online and for whoever is interest in reaching FIRE in the Netherlands (or Belgium).

If you’re interested to join, you can do so via this sign-up link.

We are happy to see you there!

Back in business

Divnomics-monthly-update

Aah, it feels good to be back again. It’s been… how long? Around three months since I’ve posted on Divnomics… How that could happen?

Simple. I needed the time for other things (and myself).

The job became somewhat stressful, I had a wedding to plan and we were making big steps in our real estate business. It was a classic case of having too much going on. Blogging quickly became a must instead of something of pleasure. So I decided to cut in a short blogging break, which lasted a bit longer than expected.

And it felt gooood. It gave me the opportunity to free up my thoughts on other things that were important to me. And now, it is about time to share again. And better later then never, there were quite a few things that happened while Divnomics was on radio silence.

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February Cash Flow Index Update – In The Green

divnomics CFI february

Since the start of this year, I’ve started to track our progress differently. Instead of a hard FI target in terms of a big pile of money, we focus on cash flow only. Tracking our net worth every month, wouldn’t give the right insight into how much we need until we reach Financial Independence.

Normally you would say that as soon as (passive) income exceeds your spending, you’re there. Well, in our case we look at that a little differently. For starters, we want to continue investing after we stop working, so we need additional income. Secondly, our spending fluctuates and will be higher after FIRE than before. We are pursuing a Fat Fire lifestyle after all. To incorporate this effects, I’ve thought of tracking our progress with the help of the Cash Flow Index.

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A Small History of Living

Housing history of Divnomics

The decisions you make in life can have a huge impact on your future. As it comes to finances, there is one thing that might be having the most impact of all: buying a house. Timing of the market, the debt you take on and the costs of all of it is substantial.

A few Dutch finance bloggers have been writing about their career in living and housing. What houses did they live in? What financial decisions did they make? And how affected those decisions their future path? Following Geldnerd and Meneer&Mevrouw, we thought it would be fun to list our own small history of living.

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Rapid Real Estate Expansion

real estate februari

Although we sometimes find new ways to save some money, like canceling our television subscription, or renegotiating our life insurance, they become rare. We can only save so much. With the creation of additional cash flow, growing your wealth can be accelerated. Which is why, in our quest for financial freedom, we focus on real estate to make things work. Okay that, and because we like the business. It’s our little project which helps us get to where we want, and where we first realized how it feels to be fully in control of your own path, and have total freedom in how you work.

It’s one way of many, and it works for us. We notice that a lot of people we talk to are interested in how we manage things, and not necessarily in how much we get out of it. Which is a good thing though. Although we aim to get rich in real estate, it isn’t our end goal. But rather a means to an end. If you want to grow, explore and get the most out of life, it will cost you money. Financial independence will let us receive more money and more importantly, more time as well. 

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Bigger Profits – It All Comes With A Cost

Winter-landscape.jpg

If I would have to select one asset to invest in and where you could earn the most money from, it would be real estate, hands down. With a (mostly) stable rental income, a leveraged buying position and using ‘other peoples money’, the possibilities for exponential growing your wealth with this particular asset class are endless.

However, as we all know so well: the higher the returns, the higher the risks involved.

This blog is partly a documentation of our journey, with the good and the bad. So, it’s about time you’ll hear about the counterpart of our fortunate journey in real estate.

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Monthly Update – Real Estate Rumble & The Cash Flow Index

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Many who seek the freedom through FIRE are loving the way of slow life. Not having the urge to tick every box, the hassle when you go out, or the need to plan everything due the limited time you have available. January is one of those months where it feels like the daily life is getting by slowly. Then again, after the speed lane called December.  Everything feels like a slow month. It’s just getting back to normal.

You could question how normal our lives really are. Everybody working their way to financial independence aren’t doing the ‘normal stuff’. They take side-routes, alternative ways and think of new methods to ditch the 9-to-5 route a lot of ‘normal’ people are taking.

Three years ago that side-route opened up for us as well. Starting with index trackers, then entering dividend growth investing. And now… Real estate investors working on growing that not so passive income.

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The Cash Flow Index to Financial Independence

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If you have ever played Monopoly or the Kiyosaki Cash-flow Game, you know the most important part of winning either game is having enough assets that provide a stable income. In the case of Monopoly, it’s to build the biggest cash flow portfolio in the form of real estate. And in the case of the Kiyosaki Cash-flow Game, it’s making wise money decisions to be able to quit the rat race for good. Both are needed in the journey to financial independence. 

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