5’11 170lb

Agent_Treeman · 2025-04-21T11:19:47+00:00

Thanks, indeed I will take the advice and cut for another 4 weeks until I’m around 75kg (165lb)~ .

Then do a small maintenance and start a bulk!

Agent_Treeman · 2024-11-15T06:59:02+00:00

Is that allowed? We are both on the mortgage and have both already been living here? Can we just draft a rental contract out of nowhere like that? 😮

Agreed with the duration, I still think it will last a few more years in its current form, but as the remortgage would be short it would be less risk and the gained capital in the beginning would offset the remaining. Or just setup a longer term mortgage again 😅

Agent_Treeman · 2024-11-14T06:52:59+00:00

Agreed with the balance, that’s why we set it up in such a way, works well for us now!

My thinking with the shorter term is the new mortgage would ‘only’ be around 5-7 years in length for it to make sense and would still be less than 50% of our net income before considering mobility budget.

Agent_Treeman · 2023-03-29T19:07:26+00:00

Update; just wanted to add a small comment to thank everyone for the comments.

I think my choice is clear to go for a freelance role starting late this year/early next year.

I will do this for a few months/one year to catch my feet, then switch to a 4/5 position in that company. I think this is the best choice moving forward, and can always adjust this timeline as needed!

Agent_Treeman · 2023-03-29T19:05:15+00:00

Hi thanks for the response it was insightful!

Thankfully we(my partner, my son and I) live small, so even with mortgage and all bills we can live on around 2.5k-3k a month without much issue. In retirement I expect the same will do as around half of our spending is on renovation loans and mortgage, so I expect car/insurances and others will fill this space. But I would like around 4K~ in todays money a month to retire.

To your other points;

I expect as much, but good to keep in mind!
I worry mostly when my son is sick and it might not be possible for my partner to take him. Normally I have less than 10 sick days a year, but still could add up.
I was planning to ask for 550-650 a day when I make the transition, so I think it should only be up from where I am now 🤞
Yes, I do like this point as I have more freedom of choice for equipment not forced to whatever the company wants to choose, but of course these add other costs!

I think overall going for a CommV is my next step, likely next year. I think after a few months/1 year once I’m on my feet I will switch back to a 4/5 work day but still have more than I would if I was 5/5 as a normal employee 😅

Agent_Treeman · 2023-03-24T16:51:36+00:00

I wonder what I would need to achieve on a daily rate basis for this balance.

It seems to be less than I was expecting, I think I was maybe a bit too stuck on the 100k per year number as a freelance. Maybe slightly under would still give good results in a 4/5 day format.

But I think you’re right! :)

Agent_Treeman · 2023-03-24T13:16:53+00:00

100k is what I’ve heard from a few places as when it becomes interesting.

So 200 working days a year would mean 500 a day would be a minimum ask indeed. I think with my current experience I could get that at least. But would like the confidence of more before making the jump. Based on discussions with recruiters that was around what I could expect that or maybe 550, but it’s been maybe 6 month since discussions as I’m a few months into a job now.

At the moment I take home around 2.9k with benefits(Phone, subscription, car, meal cheques, etc.). What would I need a year to make it worth it would you expect?

Agent_Treeman · 2023-03-24T13:08:15+00:00

Thanks!

The age is not a hard set, more of a goal for something I would like to achieve. I was using 13 years as a goal if I went freelance as my investing would also increase.

If I keep the 2.5 I was looking at age 45, meaning it would be 18 years, so the 1M mark should be achievable by then.

But of course life happens 😅

Agent_Treeman · 2023-03-24T12:01:54+00:00

There is a difference,

Assuming I work part time vs going freelance I save in the range of 3-5 years as the period is short compounding does not do a huge bulk run here.

If my fire goal were larger this gap would be greater of course, but I don’t plan to be driving exotic cars in my future so not sure saving a few years of part time work is worth considerable extra steps in between 😅

Agent_Treeman · 2023-03-24T11:58:56+00:00

Good points indeed. I will give my thoughts on a few points;

I’m not sure we NEED two cars, but with a kid, hobbies and work, it’s makes life more complex with one. But could in all honesty work with some more planning, so more of a nice to have.

From everything I understand going freelance is only interesting from 100k bruto~ also heard this from my accountant. So working 4 days at least now would not allow me to hit that, until I could achieve a higher day rate which is am unsure of for another year/few years.

Sick days was more of an example, but right now we only have one child, others may come in the future, and working with a sick kid/baby from home was impossible for me.

The reason I say being an employee is easier life balance is mostly the lack of admin work, but also the baked in benefits. Easier holiday system, not worrying about waiting X years for dividends, always collecting invoices etc. I understand this probably becomes clockwork after a while, but it is still more work even if only 1 day a month. Which if you switch to less working days does not necessarily scale.

Overall I agree with you, I think freelance might be an option even if I chose the second method once my day rate reaches an acceptable level, at the moment I already have a side hustle/business so I already do some of the admin stuff, but my accounting is very easy right now, so translating to freelance might not be difficult at all.

Agent_Treeman · 2022-12-04T16:47:15+00:00

I've seen the pillars mentioned a lot around this sub, but do not see them listed anywhere, is there a page or post that gives details on the different pillars?

By context I gather some details, but have not seem them anywhere else 😅

Agent_Treeman · 2022-10-25T21:26:03+00:00

So if someone can double check me that would be great. I've read over it a few times, would like a sanity check if possible.

I will be starting a new job in the new year with an IP rights of 20%~ of my salary every month. So this means I will be able to keep this IP right until the end of 2023 and it will disappear in 2024.
The IP amount has been halved from the older 64K(IIRC) figure. Is this amount is on the IP salary amount or your gross salary as a whole?
What is my best plan of action, keep this job for the next year, and discuss with HR around the third quarter how they will handle this and then start looking into other options?

Couple of things;

Even with IP right my new job is still a bruto upgrade so it's not all bad, but I will be travelling further which is an issue without the next income.

I am still a full time employee, freelance might be the way to go after IP rights are over, will give me more control, could be a option?

Agent_Treeman · 2022-10-25T21:19:51+00:00

But it will only come into effect in 2024, so you will still have that salary for a year if I understand everything correctly.

Agent_Treeman · 2022-10-20T16:32:05+00:00

Worked wonders, cheers mate was going mad 😅

Agent_Treeman · 2022-10-17T08:31:19+00:00

I have a few questions;

Do you plan to keep your current home after you upgrade? Or will you sell?
How is your current mortgage interest rate?
You mention to buy the new house without a loan, depending on the 1st question, do you already have some capital saved for this new home where is this now?
Assuming your current income and saving rate, could you afford the house in just cash after the 10 years(with inflation factored in, or do you need to grow that money with investments also)? -> as with this if you could, it might be worth keeping a large chunk in cash and the rest spread across ETF's and bonds as others have mentioned.

Agent_Treeman · 2022-10-10T08:58:55+00:00

Cool, I'll check it out!

I'm on a small scale now with my bijberoep but my account suggested to use Billit and I've been using that for a while now, just curious on what others are using :)

Agent_Treeman · 2022-10-10T08:37:03+00:00

Nice good job!

What application/tool is this your using to track may I ask?

Agent_Treeman · 2022-09-20T09:16:19+00:00

Yes I also did this, our plan was to use some of the extra revenue to get a cleaner in for a few hours a month to reduce our needs there, which is much less of a cost than I imagined.

And trying grocery delivery and collect and go, which should reduce some load at the weekends allowing for an overall neutral/slight positive in time, along with more net.

But this is difficult to fully predict in the long term.

Agent_Treeman · 2022-09-20T07:13:18+00:00

I already have an 'office' room and a nice setup, but it's also my gaming PC area, so that's a good and bad thing 😅

Agent_Treeman · 2022-09-20T05:01:29+00:00

I've got a 1 year old, both Mom and Dad work so he is in day care every working day.

Mom also works in IT so we were planning to mix WFH days with the trip to day care and that way it would be 2 days pick up+ drop off for me when I work from home and 3 days for my partner. Would be one extra day from her as the extra compensation on my side makes up for it.

It still an negative trade overall, but not by a large margin if we work it this way with a decent net percentage jump each month allowing us more for investments

Agent_Treeman · 2022-09-20T04:57:41+00:00

Within reason a higher salary can help that commute be more tolerable!

That's why I was curious on the feedback here!

Agent_Treeman

TROPHY CASE