People! I can drive! What does this have to do with personal finance or financial independence? Everything and nothing. Read on. My History with (not) Driving: You see, for a very, very long time driving for me was a dread. I got my driving license when I was 18. I had my driving lessons on a manual transmission…
Archives for March 2017
Where Does the Magical 4% Rule Come From?
In the last post, I revealed my exact plan for reaching financial independence. I outlined my current progress, my assumptions, and a forecast on when I will reach the goal. If you haven’t read it, go have a look! To have my basic expenses covered for the rest of my life I need an investment portfolio of €300K….
Financial Independence – the Exact Plan Revealed
Now that I nailed my life after reaching financial independence, here are some numbers to back it up. As I previously stated: Early retirement for me means to have my basic monthly expenses of €1000 covered for the rest of my life. I need to develop an investment which yields €1K monthly (or €12K yearly) continuously for the rest…
