So, who am I? I am a
39 40 year young married father with 2 toddler kids from Belgium. I recently discovered the FIRE community and I have learned already a lot since then. I plan to keep following different blogs and contributing to the community. I am not new to investing. I have bought my first mutual fund some 15 years ago and I did some serious personal budgeting when I bought an apartment and lived on my own for the first time. More on these topics in later posts.
This blog has multiple purposes
- As a late starter with wife and two kids, I am looking for a path to financial independence. What are the hurdles, what are the options to take. We have a certain lifestyle, how do we adapt? One thing is already clear: I will focus on big items that have an impact and at the same time keep offering life experiences to our family. Via the blog, I will document the journey.
- The blog community is heavily US/Canada/UK biased. Each country has its own specific tax and pension payments systems. I try to share my view on the Belgian system with others that might be looking for answers.
- Once I am financially independent, how would it be like to have no job at all, but just life of the passive income. Albeit not a goal that I aim for before being
60/6555, It is a questions that keeps me busy. There are many recommendations like the safe withdrawal rate of 4% (or having 300 times your monthly expenses), there are simulations tools like cFIRE, case studies on having ladders,… . TO me, the best way to figure it out seems to be building my own simulations and see what decision you would need to make along the way.
- If the 2 points above work out, I plan to use this info as a guiding story to teach my kids how to deal with money. The current Belgian educational system does a lot of good things for the kids, but i do not see any decent financial education. There have been studies that financial education is not a must per say, but understanding basic mathematics is far more important. Lets see how it evolves. I just don’t want my kids to think that money comes out of a wall just like that.
It is my intention to stay as independent as possible. I do not intend to discuss solutions that are offered on the Belgian market for retail investors. I will on the other hand focus on sharing my view on investment styles that exists and documenting why a certain style suits me better than another style.
I am not a certified financial advisor and do not hold a license from the FSMA. Everything written on this blog expresses my own personal journey and opinion. This blog is pure entertainment. It is never an advice on what how and where you need to invest. If you need this advice, then please reach out to a financial service expert.