I really wanted to write an article about my 'side hustles' and tell you all about what it is I'm doing for fun that also generates some extra income with the minimal amount of effort. Sadly however, I haven't yet been able to start any side hustles simply because I didn't have the time or the energy to actually do it. This is the everyday reality I'm facing while having to go to the office full time. Work is time consuming and energy draining. It can be called a small miracle that I'm still able to push myself to work out and eat (somewhat) healthy every day.
I've been meaning to write another article sooner, but since I had a short vacation planned I decided to wait a little longer and write this article after my trip and make it all about my trip. You may have already guessed from the title of this article that I've been to green and rugged Ireland! The home of spuds, Guiness and leprechauns.
One of the things I've learned by reading several books and blogs on financial independence is that I need to keep track of my spending. When you make a monthly detailed list of all your spending you will become more aware and in control of your spending behaviour and your money. In the pursuit of financial freedom it is imperative to know what you're spending you hard earned cash on.
It's 6:45 Monday morning and I'm woken up by my alarm clock. Time to get up and get ready for work. Yet another work-day, yet another work-week. It is still dark outside and temperatures are barely above freezing point. While thinking about all the good times I had in tropical, far-away places the thought off having to go to work fills me with a great sense of gloom.
According to the Roman Catholic church there are seven deadly sins that form the ground on which many other sins are based. The seven sins are quite obvious and self explanatory. They are pride, greed, lust, envy, gluttony, wrath and sloth. These sins are basically the excessive versions of our natural desires and behaviours. I'm not a horrible person, but I do have to admit that some of these sins do apply to me. Being a sinner and a non-believer will probably guarantee me I will someday find myself at the closed gates of heaven. If such a place exists.
I've been investing my money in ETF's for well over 5 years now and during that time I saw a couple of big 'dips' in the value of my portfolio. In most cases corrections on the stock market caused this sudden drop in the value of my investments. Each time I saw my portfolio drop by 4-5% and the value lowered by approximately €15.000. A pretty big chunk of money.
I have to say that when I first heard that some one was saving money to retire early I was very sceptical. My first responds was that it was silly. To be able to retire early you would need a lot of money and it would be impossible to save that much money in such a short time. However, I didn' t know much about early retirement so I didn't express any strong opinions at the time. Which is very un-Dutch of me. Us Dutch are well know for being direct and straight forward (or downright blunt and rude if you ask me), but I just expressed mild scepticism.