Retirement & inheritance Archives - Financial Philosophies

How much is needed to be financially independent?

April 28, 2021 by Dr FP

Never having to make a decision for money reasons, sounds great right? Increasing amount of people are finding that their reality is just living to work and working to live, and they are getting tired of it. In comes the dreams of financial independence, enough money to do what you want (and stop doing what you don’t want). Sounds great! But is it attainable and how do you know you’ve reached your goal? In this article we will take a look at how much you would need.

Making a financial plan

February 3, 2021February 3, 2021 by Dr FP

A goal without a plan is just a wish. If you have something you really want, and it needs money – you’ll need a plan to get it. In this article I’ll help you set up your very own financial plan to make your financial journey actually reach its destination.

5 ways to FI/RE

December 7, 2020 by Dr FP

You’re excited about the FI/RE concept, but you’re not sure if it is a perfect fit for you? You’re not alone, let me tell you about the variations of FI/RE people have created to better fit their personal vision.

The FI/RE Philosophy

November 25, 2020 by Dr FP

Financial independence, early retirement lovely words and an increasingly popular trend that seems to have finally reached the Dutch mainstream media. They don’t seem to understand it though, so let me give you a better(?) explanation!

Dangers on your financial journey: Lifestyle inflation

November 4, 2020 by Dr FP

You can spend your fortunes away, and not even realise it. Have you ever thought about what you spend your money about? Is it worth it? Let’s have a look at how to prevent the life style creep damaging your wealth.

Are you saving enough?

September 6, 2020September 2, 2020 by Dr FP

What would it take for you to quit your job right now? Or in five years from now? People eager to retire as early as possible have noted saving as much as possible will hasten your moment to quit that job. With that in mind, I thought to have a look at the math behind the savings rate and why you may or may not be willing to maximize it.

Tax-free gifting

May 5, 2020April 15, 2020 by Dr FP

Gifting can be a fulfilling experience – however, taxes can spoil this moment dearly. Let’s have a look at the kinds of tax-free gifting are available.

What mortgage term is best?

September 3, 2020April 13, 2020 by Dr FP

When it comes to loans, mortgages tend to be some of the longest running loans someone might get. However, how long should it be? What are the advantages to a 30-year mortgage compared to a 15-year mortgage? These are some of the mortgage basics we will touch on in this article.

Where did all your money go? Tracking your net worth

September 3, 2020April 8, 2020 by Dr FP

You know how much money you are worth right? You might be surprised! Your net worth is much more than a budget and it starts with making a list of all your assets and liabilities, and then subtracting the liabilities from the assets to find out your net worth