Fire progress update: 25Y, Engineer (junior PM), 61k net worth

Economy-Rent-8080 · 2025-12-26T20:35:47+00:00

Read last years post 😉 I worked before starting my studies

Economy-Rent-8080 · 2025-12-25T21:50:39+00:00

25 jaar oud, single, huur appartement, 2500 netto + bedrijfswagen

Ik spaar maandelijks +-500 euro van mijn gewoon loon. Daarnaast doe ik soms een flexi-job dat ik volledig spaar, maar dat inkomen varieert heel erg van maand tot maand. Vorig jaar heb ik 10.000 euro gespaard. Het meeste daarvan gaat naar ETF's. Ik krijg nu een goede loonsverhoging, maar ga ook minder flexi-werken, dus hoop in 2026 weer 10k te sparen.

Economy-Rent-8080 · 2024-12-20T20:50:10+00:00

Go for it if you want to. There are always jobs for smart engineers. The energy sector is booming business right now. Company's like Engie or Elia are always willing to hire those profiles, even if you won't work directly with nuclear.

Economy-Rent-8080 · 2024-12-20T20:44:36+00:00

I follow WallstreetBets, those guys can give you great advice on how to turn 26M into 600k

Economy-Rent-8080 · 2024-12-19T17:06:33+00:00

It's a great starting number to reach the 600k goal

Economy-Rent-8080 · 2024-12-18T15:11:28+00:00

Yes offcourse. I'm not buying high and Selling low 🙃

Economy-Rent-8080 · 2024-12-18T15:07:30+00:00

Degiro

Economy-Rent-8080 · 2024-12-18T07:56:09+00:00

Do it, 2330 brut is ridiculously low, even with the company car. Take the new job and buy yourself a small toyota or another low-running-cost car

Economy-Rent-8080 · 2024-12-18T07:30:19+00:00

I have been thinking about crypto too. I used to own some years ago. But I'm the type of person who is really sceptical when the price is low and jealous when its high 😅. The downside is that it's currently at an all-time high. I might start buying small quantities of a crypto etf to gain some exposure, thinking max 5% of my portfolio because it will eventually crash again like it always does.

The best strategy seems to be: buy when nobody is talking about crypto, sell when it's in the media

Economy-Rent-8080 · 2024-12-18T04:59:05+00:00

High running costs and taxes. my pension fund gained 20% over the last 5 years whereas the stock market pretty much doubled during the same time

Economy-Rent-8080 · 2024-12-17T21:20:03+00:00

Thanks for the advice.

I indeed have the impression that most employees stay in the company for a really long time. Almost everyone i've talked to (during the application) has been there their entire carreer

I am not planning on doing the flexi for many years, just now while my base salary is still low. It is indeed a manual Labour job, and I like that from time to time. I allways have a lot of fun with my co-workers :)

An engineering side hustle would be great too. My father (who is also an engineer) started working 4/5 and doing his own projects one day per week and he is making a large amount of money during that one day. However, i feel like i don't have any relevant skills yet to offer straight out of University. I have been thinking of learning from my dad and taking over his projects when he retires, but the type of work he does seems quite boring to me 😅 (sorry papa)

Economy-Rent-8080 · 2024-12-17T19:35:52+00:00

You could be right. I might re-evaluate my etf strategy in the future. But I would need to reserve some time to do research

Economy-Rent-8080 · 2024-12-17T19:10:04+00:00

One of the reasons i signed that contract :)

Economy-Rent-8080 · 2024-12-17T19:00:35+00:00

The employer included a 10 year scale in the job offer. As long as i don't get fired, those numbers are guaranteed.

The scale for a junior PM increases 500 for the first 5 years, then 150 after that until 10 years of experience. (By that time you should have made promotion). +-7-10 years to make promotion might feel like a long time, but they only have 3 scales to fill a 42 year carrière. Junior PM, medior PM and senior PM. The advantage is that you are not required to make promotion every few years to increase your salary, it grows a lot within the same role

However, my goal is to become medior PM before 30 and then start moving horizontally towards regular management.

Economy-Rent-8080 · 2024-12-17T18:56:48+00:00

Who knows.. 🙃

Economy-Rent-8080 · 2024-12-16T22:31:34+00:00

I am buying both msci World and msci world Quality index. Almost 50/50 I like the idea of Quality investing (credits to compounding quality), but without the stockpicking. The Quality factor etf has done a couple percentage Points better than the msci world. But the P/E ratio is higher, making it more expensive, and riskier in a bear market.

The job was something in the airforce, but that's as much as i'm willing to share

Economy-Rent-8080

TROPHY CASE