I surely didn’t expect any pitfalls when I started my journey to FIRE (Financial Independence Retire Early). Life after FI? Hanging around the Financial Independence (FI) Facebook groups, I stumbled upon this question: I have a question for those of you already living the Fi life. What is it that you do with your time…
All About Financial Independence
The Wikipedia definition of Financial Independence is:
Financial independence means you have enough wealth to live on, without working.
Here I present all I have learned and experienced on the subject.
Update on The Goal After 2 Years
Happy 2nd Birthday, EyesOnTheGoal blog! Happy 2nd Years of the Financial Independence (FI) in 5years Goal! Happy 7th Year living in Berlin, Germany! Happy Net Worth Growth despite a 6-month sabbatical and part-time work! Putting time in perspective Just when I was feeling blocked and demotivated I stumbled upon the magnificently eye-opening article Putting time in perspective on WaitButWhy. It inspired me to…
Financial Independence is Having the Freedom to Choose: Interview with Annie and André
Hello there! This is interview number 4 of the guest post/interview series by people who are well on their way to financial independence (FI) or have reached it already. I am so excited to welcome Annie and André on the pages of my blog! What I really love about them is their shared creative and entrepreneurial spirit….
6-Month Sabbatical: What to Expect
Today’s the last day of my sabbatical! I can’t believe it’s been six months since I left the office on a chilly Friday evening in January 2017. A retrospective is due. Where did all this time go?! Our perception of time is a strange thing. Back then, the upcoming half a year felt like a foggy…
You Don’t Need Financial Freedom To Be Free
When I started writing about financial freedom, my goal was clear – to become financially independent in 5 years – by 2022. As time passed and I dug deeper, I realized financial freedom is only one limited aspect of the broad concept of freedom. It is external. The most tangible. The most easily graspable. Most of all it can…
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….
How I Imagine Retirement in 5 Years?
The big goal of reaching financial freedom in 5 years is out there! But what does it exactly mean? How will I know I have reached the goal? Early retirement means having my basic monthly expenses of €1000 covered for the rest of my life. I exclude possible future increases in expenses caused by any exceptional and unforeseeable…
Personal Finance – Where Do I Even Begin?
The 30 Day Personal Finance Challenge is over. Now what? The first step is the hardest If you feel like you don’t even know where to start you are not alone. Most people are too busy to invest time into a thorough analysis of their finances and putting together an action plan on how to…
Are you Ready for 2030?
This is post #18 from the 30 Day Personal Finance Challenge: Boost Your Financial Health with a Daily Tip! As I was thinking about my future lifestyle in 2022 after I become financially independent, I came upon an article published on the World Economic Forum website: Welcome to 2030. I own nothing, have no privacy, and life has never been…
4 Paths to Financial Freedom
This is post #12 from the 30 Day Personal Finance Challenge: Boost Your Financial Health with a Daily Tip! Now comes the long expected question – how the hell am I going to pull this off in 5 years? How will I get to financial independence? It’s a complex and simple question at the same time. Let’s…