Take two people with a MSc. degree and professional designations, two full time jobs, a reasonably frugal nature, and you have a winning recipe for FIRE. But what if you earn a median income, or less, how good are your chances to FIRE? Can you even FIRE?
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.
What if you had some extra cash in your bank account every month? Discover many ideas what to do with it right now “when you’re not used to seeing that extra money” in this guest post by Sean Bryant (from One simple Dollar) on the blog Reach Financial Independence.
Cheesy Finance: Based on this already “old” post by Early Retirement Extreme (ERE), Jacob was able to live off $5.000-7.000 per year, as late as 2011. For argument sake, let’s assume that this $7.000 annual spending in 2011 is now $7.714 in today’s money (2018). This would be about €6.250/year (current exchange rate ~$1.233/€), can you survive on this amount in the Netherlands? How low can you go? In the Netherlands at least!