I have been lurking on the forum for quite some time and now I am starting to get a little bit more seriously into the all FI world.
I am 28 years old, I am an actuary and l moved to Zurich in 2018. I am currently living alone since my girlfriend is still living and studying in Italy.
I have always flirted with the concept of frugal lifestyle, I am constantly struggling with the definition of how much is too much. When you draw the line between being frugal and being to narrow minded and not enjoying life. Hope I will figure this out one day
Net worth at the end of 2020:
Cash: 77k
Investments (IB, company stocks): 49k
2nd pillar: 41k
3rd pillar: 5k (started just in December with Finpension)
Hey @Tia_0 Welcome!
im quiet surprise with the amount that you have in the 2nd Pillar. Iām also 28 (1992) and i have only 20k. I donāt have a very high salary 85k (Brutto) but stillā¦ do you invest extra money on your 2nd Pillar?
Iām in my late twenties and have been able to save up quite a bit in the last few years with a couple of good investments (rather speculative) and now Iām looking into investing into an index fund (still unsure if just one for whole world, or mix it up with a few (US, CH, EUROPE)). So far I have a few single shares, that are not doing to bad atm (if it werenāt for the low $ price, but thatāll go up again). I plan to be FIRE in 10-12 years (early 40s).
Iāve very much enjoyed going through loads of posts from MP and also some forum entries.
Iāve been on this forum for long but never wrote an introduction. Iām 36, married, with 1 child. Iāve been living in Switzerland for 10+ years. Iām frugal by nature and mostly interested in sitting on couch while watching documentaries and reading books (sometimes related to money like the simple path to wealth, psychology of money, reports/articles from AQR, GMO, Verdad, sometimes papers from Fama and French etc.). You can imagine the index + value-bent!
To FI & RE by 50, I aim to have 2 million CHF in equity assets (so not considering 2nd pillar which should be close to 0.5 million CHF by then, AHV, inheritance, etc). I am assuming 4-4.5% return from equity in CHF terms over next 14 years, and 3% SWR if I RE at 50.
Through 2020, I learnt that having a good emergency fund makes me sleep well. I must admit I had bad sleep for 2-3 nights in late March. That when I moved >20% of portfolio from cash to equity in Feb 2020 So I am keeping 10-12 months of expenses. All else is equity (IB+VIAC). Pillar 2 is nearly 20% of total (equity + pillar2). Going forward >25% of my annual savings are going to be pillar 2 anyways, so not looking for bonds yet.
Thanks to everyone for helpful suggestions and answers on this forum
Just joined the forum a week ago. Arrived to Switzerland from a non-EU country in 2015. It was supposed to be 1 year short term assignment. Got a local contract, met my wife , had a baby (he is 2 y/o now) and still here I am. Discovered the forum a while ago, decided to get a user and contribute. Well , to be honest not sure if I can contribute a lot but my aim is to learn & discover. Still not familiar with all abbreviations, doing a lot reading so accept my apologies in advance in case I make any mistake. By the way I am 38 y/o and my wife 40. We have 1mn CHF saving and unfortunately all in cash, so am here to change that. (I can see you laughing but it`s never too late) Anyways, I will spend some time go through the posts, doing all the reading, already opened my DEGIRO accountā¦ Looking forward to actively join the discussions. Good evening everyone, stay safe.
Hi MrCheese, I can say mostly, my wife was in Switzerland since 2008 , she arrived from EU country and she got Swiss citizenship a couple months ago, we are both working for tobacco industry therefore we have considerably good salaries. Another point to consider, even though we did not follow FIRE approach , we have always monitored our expenses and did profit from the fact that I am coming from a non-EU country. (Vacation, shopping etc)
Iāve already posted on this forum but I never introduced myself, so here i go!
Iām 26 years old and live with my Girlfriend. I landed on this blog while searching for the best online broker to invest my money. I come from a typical modest (middle class) family. Because I had an other mindset than now, a bigger salary than my dad when I turned 18 and didnāt always mixed up with the right people, I spent a lot of money before I realized I couldnāt go on like this.
The turnaround point was the day i realized that putting 50k cash for a brand new sports car was literally a huge mistake, but it was also too late. I ended up selling my car for almost the half of the buying price and bought my first building with 3 apartments. After that i looked for a way to optimize the rents that I perceived, and finally found out the Mustachian Post
Some key numbers:
NW: 420K
IB: 113k
3rd Pillar Viac: 23k
Yearly Expenses: 52.5k (Edit: For my GF and i)
I feel sorry for my English level, to learn it is already a set goal for 2021 and thatās why i challenge myself to post.
I learned so much by listening to podcasts and there are so many subjects on spotify that you could find anything you want to hear about. It was also optimizing my time during the travels i made by train. I basically changed my mindset just by listening to podcasts and thatās why i live more frugally todayā¦
Electricity prices are lower on weekends, by running your dishwasher and laundry this way you can save a certain amount over years.
Durch das Lesen und die Teilnahme an diesem Forum bestƤtigst du, dass du den auf http://www.mustachianpost.com/de/ dargestellten Haftungsausschluss gelesen hast und damit einverstanden bist.
