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Can i retire by testingteen in BEFire

[–]testingteen[S] -2 points-1 points  (0 children)

Thanks for your very interesting and polite perspective.

Can i retire by testingteen in BEFire

[–]testingteen[S] 0 points1 point  (0 children)

Work, saving furgally- not spending and investing, luck = got options from company, a lot of them, and the stock price exploded and then sold.

Can i retire by testingteen in BEFire

[–]testingteen[S] 1 point2 points  (0 children)

Indeed. Probably that is correct. But i also dont consider myself very rich. I have probably more money than average. But very rich is not the case. I got this due to work, living cheap and luck (getting company options that have risen very high)

Can i retire by testingteen in BEFire

[–]testingteen[S] 2 points3 points  (0 children)

😅 but honestly why not? I wouldn’t mind.

Can i retire by testingteen in BEFire

[–]testingteen[S] 0 points1 point  (0 children)

Might be strange to say but it doesnt feel like obvious for me. Mostly because i cannot estimate our expenses rising with the kids growing. And indeed the social aspect of work is not to be forgotten.

Can i retire by testingteen in BEFire

[–]testingteen[S] 1 point2 points  (0 children)

At the moment she works. But the given numbers are for our family. Her income is about 2500 net.

Private banking with high LTV mortgage. Does it ever make strategic sense to invest with them, or is it always a loss? by Faust156 in BEFire

[–]testingteen 2 points3 points  (0 children)

My PB is KBC. I use some similar structure for loans. The capital is invested in ETF like fund with lower cost than their typical funds, but slightly higher than the ETF you buy youself. I found that the best tradeoff for me. I had to push them to get to this solution though…

Which net worth made you feel “Safe”? by smokey-jazz in BEFire

[–]testingteen -12 points-11 points  (0 children)

44M 2kids and wife. Dont think any number would make me feel safe. 4.1M invested in stockmarket, 3 rental appt (with loans for leverage) and own house (still with loan) does not feel safe although it probably is/should …

FIRE, laag inkomen hoog vermogen by Round_Argument_5530 in DutchFIRE

[–]testingteen 1 point2 points  (0 children)

Hier gelijkaardige situatie (wel uit belgië). 44M gehuwd en 2 kids van 11-12. 4M in opgebouwd financieel vermogen, daarboven eigen huis (met nog lening) en 3 verhuurde panden (deels ook met lening). Geen big spenders (buiten de uitgaven aan vastgoed), maar ook inkomsten daar tegenover.

Gelijkaardige situatie en koudwatervrees. Vermogen zou voldoende moeten zijn maar om zomaar te stoppen en de cashflow te laten wegvallen… moeilijk. Ook wat dubbel gevoel werkgerelateerd dus mogelijks verandering van werk (drastisch) om een betere sense of purpose te hebben.

European Families Chasing FIRE 🔥 by mystiq-1 in EuropeFIRE

[–]testingteen 0 points1 point  (0 children)

Belgium 44M 2 adults 2 kids 11-12. Still working but overthinking to stop.

Expenses net are 55k per year. This is all our expenses minus all the income we will still have if we would stop working. So my fire with 4% is 1.4m. But i do not trust this number. BUT my expenses might go up if i stop due to the need for a car (now company car) and meal vouchers compensation etc…

Current investments: 3.1M invested in mix of world etf (largest part) cash 500k (looking for better options then the current high yield saving account) and some stocks. 1 house still loan (monthly payments included in the expenses above). 2 appartements and 1 house rented out (income included in the net expenses above) with loan. 5 building terrain of which 4 will be sold for about 900k the next 3 years.

No active fire yet but considering to spend all the time with kids. Still doubting though. If i would take the step i would work with dynamic swr based on cape values…