Updates from February, 2016 Toggle Comment Threads | Keyboard Shortcuts

  • eurfi 1:30 on 2016-02-22 Permalink | Reply  

    9 to 5 status – starting to build momentum 

    My last 9 to 5 status report is from June 2015. Not a lot has happened since then.

    But in the last few weeks I started programming again. My project Escape 9 to 5 is a SaaS app (software as a Service) which I will develop and later sell to customers (for a monthly fee). Last year I completed a preview version to test technical feasibility. There were some users with problems, but overall I think this is the right way to go.

    Now I’m slowly building the proper version. I start with a subset of features and will later turn it into the full product. I hope to have some paying users already by the end of 2016. I set a yearly goal of 100 Euros in monthly income. If I can achieve this it will be a fantastic start to escape my day job.

    Each evening I have around 2 – 3 hours (when the kids are in bed). Unfortunately I spend this seldom wisely. In January and also till mid February my portfolio was in trouble and it was hard for me to concentrate on other things. Also, my day job is frustrating me and in the evening I do not feel like working. But I have to! This is my fast lane to escape.

    In maybe 5 till 10 years our net worth is big enough so that I can quit my job. Or I should better say: big enough so that my wife let me quit my job. But if this side business takes off, I may concentrate on it full time (and thus quit my job earlier).

    I would like to semi-retire in 2018 – around 2.5 years from now. I really like GenYFinanceGuy’s goal tracking with all these boxes that he ticks off. For me one box could mean “worked at least 1 hour on my side project per day”. Five of these each week would mean a tremendous progress. Or I could go back to tracking hours, with each box representing an hour.

  • eurfi 22:52 on 2016-02-15 Permalink | Reply  

    2015 – Yearly Expenses 

    Financially, 2015 was mind-blowing. Our net worth rose from 212.6k to 291.8k – a gain of almost 80k. Most of this was from the financial markets (my active investing, mostly selling options).

    Work-wise it was a shitty year and 2016 something has to change there. I will write about this, when I have done something in this regard. At the moment it is still “work in progress”.

    2012 – 2015 in comparison

    • 2012 – 42k
    • 2013 – 44k
    • 2014 – 33k
    • 2015 – 34k

    In early 2015 I set a goal of reducing the yearly expenses to 30k. Later I realised this won’t happen and changed it to 36k. I’m very pleased that we stayed well below 36k. 2016 should on the one hand see raising expenses (child care), but also declining expenses (we terminated some insurance contracts). Overall I’m again aiming for 36k. Stretch goal will be to stay below 2015’s expenses.

    Expenses by category

    • pension payments – 20 %
    • housing – 17 %
    • groceries – 16 %
    • children – 13 %
    • car – 8 %

    Housing is much less than last year (17 % vs. 22 %). The biggest increase is in groceries. The difference of 1.5k is roughly want I paid for grass-fed meat. I’m eating Paleo for almost all meals, my wife joins me for dinner (all week) and lunch (weekend). As the freezer is currently full, I expect grocery expenses to be lower in 2016. But maybe this grows as our kids get older – and eat more.

    Goals for 2016

    • Yearly expenses below 36.000 Euros (average of 3.000 Euros per month).
    • Change in work situation.
    • 100 Euro per month side hustle (project Escape 9 to 5) in December 2016.
    • 24 blog posts (average of 2 per month).

    Out of these goals the side hustle is the most important one, because this could lead to an earlier retirement. My goal is to semi-retire in 2018 and with our savings alone this is not possible. (Maybe not entirely true, a semi-retirement would be possible, but my wife won’t let me retire without an “alternative” job.)

    • ambertreeleaves 20:57 on 2016-02-16 Permalink | Reply

      You make a good evolution in your yearly expenses. Well done. It is an important part of the equation…

      It is just amazing hat you make 80k from active investing. DO you have some details on what you do? I am starting to be active in options, just no where near the 80K. I keep on purpose my portfolio and risk very small.


      • eurfi 0:18 on 2016-02-17 Permalink | Reply

        2015 was an exceptional year. 2016 started with a loss of about 20k. And the years before were between 0 and 12 %.
        I do complex option positions, starting with 3 or 4 legs. An Iron Condor is a (simple) example – although I do no longer trade Iron Condors.

        Liked by 1 person

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