When i was about 15 and startet my apprentice as an electrician i used to say to my parents i will stop working at 40. They for sure did laugh about that. But i’m getting closer and closer:-)
I see most of the active members of this forum are in to IT or any job that you need a degree for.
So i wanted to share my Story as a normal craftsman on the way to FI:
I am now 29 years old making about 145’000CHF Brutto a year.
About 90’000CHF in my Job as a technican in a pharma company and 55’000CHF from my renting property (a block with 4 flats)
My fixcosts are about 40’000CHF a year.
I was interested in finance since i was a little kid because then i allready knew in this 1st world capitalism game that money is freedom.
So i startet investing in single Stocks when i was 19 years old and lost about 10’000CHF after that my trading career was over:-)
I’am living now with my girlfriend in my small house (about 90m2) that i bought when i was 21 years old and did renovate over 5 years in endless hours of work beside my normal job.
2 years ago i bought a block with 4 flats. Its all rented out since 1,5 years and some renovations. Im paying now of a lone from my parents to buy the block till and of the year it will be payed of.
My net worth is around 400’000CHF it depends on the calculation price of my house and the block. (if i would sell everything right now) And my mortgages are -1’000’630CHF what is absolutely crazy for me if i think about that.
I want to start now to invest again in to socks. But this time maybe a bit smarter after reading a lot about fire and ETF’s. For now it will be 1’000CHF a month.
I choose Degiro to be on my side for the next 100’000CHF to put in to ETF’s.
I will go for 80/20 by following ETF’s:
ISHARES MSCI WOR A IE00B4L5Y983 / 80%
ISHARES MSCI EM A IE00B4L5YC18 / 20%
I took the acc ETF’s to avoid the 3% cost on the dividend payout to my Degiro depot. And to profit from the free trade each month. Did i make the right choice here or do i miss any thing?
And what im most interested in is what are your plans after you reached FI? i don’t know mine so far:-)
Sorry for my bad english, school is a long time a go and i’ve never had to write anything in english since then.
Happy to find all this free information!