DutchGirl's journal

Where are you and where are you going?
Berninger
Posts: 11
Joined: Sat Aug 04, 2018 9:20 am

Re: DutchGirl's journal

Post by Berninger » Sun Jun 02, 2019 11:54 am

Nice to read your progress.

I had the same thoughts about getting a second car for my work. I chose for a fast ebike (goes 27km/h). Very happy with it (my work is 22km). Plus it saves me travel costs.
Now considering a speed pedelec (goes up to 45km/h). This way i will be quicker at my work (now it takes me 1 hour).
Maybe that's something for you as well? You can get anywhere up to 90km within 2.5 hours.

How much k do you need to get to FIRE?

DutchGirl
Posts: 1192
Joined: Tue Sep 06, 2011 1:49 pm
Location: The Netherlands

Re: DutchGirl's journal

Post by DutchGirl » Fri Jun 14, 2019 7:33 am

I'm aiming for 300k euros to call myself FI. However, I am considering quitting my current job when I have 200k. 200k euros is such a nice cushion that it may allow me to explore other options for income. I could potentially withdraw 5% (higher withdrawal rate because the 200k only needs to last until official retirement) and need to supplement with like another 2000 to 5000 euros of income from another source... well, that should be doable somehow; I actually already have 2k of side-income that I could continue doing. Or, if I find a different job that brings in more than 5k/year, then of course that would allow me to leave the 200k be and allow it to grow some more. We'll see.

In the end I'm not buying a car now. There are initiatives in the Netherlands where you can borrow someone else's car for say 30 euros per day plus gas; I might want to look into that some more; for the rare occasions where a car is really useful to me.

niemand
Posts: 89
Joined: Sun Jan 03, 2016 3:18 am
Location: Woop Woop, Australia

Re: DutchGirl's journal

Post by niemand » Fri Jun 14, 2019 9:39 pm

Quitting at 200k and supplementing with 2-5k pa sounds like a good option.

Maybe you could scale up your side income? Or do something fun that brings in a little money as well. Or something not fun but well-paid that doesn’t take too much time and has lots of flexibility.

Myself, I tried out freelance content-writing (in the investing click-bait space) a couple years ago just to see if it could provide a decent side income. They pay $100 per article. I am now able to produce a publishable article in 2-3 hours. Not quite fun, not too ethical, but very easy money. Taxes aside, if I needed $2-5k a year I’d just have to write one article a week.

Based in my own experience (n=1), I’d say go for it at 200k.

Will
Posts: 44
Joined: Sun Dec 25, 2016 5:23 am

Re: DutchGirl's journal

Post by Will » Sun Jun 16, 2019 7:00 am

DutchGirl wrote:
Fri Jun 14, 2019 7:33 am
In the end I'm not buying a car now. There are initiatives in the Netherlands where you can borrow someone else's car for say 30 euros per day plus gas; I might want to look into that some more; for the rare occasions where a car is really useful to me.
Good to hear you didn't buy a car, I do own a car but we frequently rent it out on Snappcar, it's a nice alternative.
If you're really longing to be more free I think it's a good idea to call it quits at 200K, though I'm not sure if I would do so myself, I would opt for a bit more safety margin I think.

On the other hand, in these good economic times it's not hard to create a nice side income. I write for seeking alpha ($50-100+ per article depending on the number of clicks) and deliver food by bike (mostly as hobbies), but it still brings in 2-4k per year without much effort.
@ Niemand: for which website do you write? I might be interested in it as well. You can also PM me.

DutchGirl
Posts: 1192
Joined: Tue Sep 06, 2011 1:49 pm
Location: The Netherlands

Re: DutchGirl's journal

Post by DutchGirl » Sat Jul 13, 2019 2:17 am

One week of holiday coming up this week! It will however be filled with all kinds of house maintenance. (Or actually, me opening the door and providing coffee for all kinds of professionals who will come and maintain/repair/fix/change something about our house. Biggest issue: changing the windows for more isolating ones (HR++ in Dutch; meaning less heat loss in winter). I am hoping that this will make sleeping in the bedroom more comfortable in winter. So we're doing this now, but I won't be able to tell how much it worked until December or so :D It will also probably come with a bit of savings on gas, but the savings probably won't be huge.

The replacement of the windows was the last big issue that needed to be fixed according to the inspection report when we bought the house almost two years ago now. Oh, no, wait, the painting of the outside of the house. But that will be done in August after the new windows have been placed (and the stuff keeping them in their place has dried/settled).

PS June came with losses instead of savings due to prepaying for those windows. It was a task that was on the to do-list, but I suddenly started really doing it; and then yes, it also costs money.

DutchGirl
Posts: 1192
Joined: Tue Sep 06, 2011 1:49 pm
Location: The Netherlands

Re: DutchGirl's journal

Post by DutchGirl » Mon Jul 15, 2019 11:21 pm

First half of the windows are installed. I think it's awesome, already. I might be biassed, though :-)

Before they came to install the first half, I went around the house to check the old windows. There were more single-pane windows than I had realized. I thought only the small windows were single-pane, but apparently also the big ones on the first floor were. So it's extra good that we're replacing them now, and now I do think we'll be more comfortable in winter and perhaps see a reduced gas bill.

Today (Tuesday) the remaining windows will be installed.

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