Not too long ago I started with tracking every expense I made. I made a handy spreadsheet to write everything down in Excel and I got to work. I personally love seeing other people’s income and expenses to compare with my own and to see how other people live.
I like listening and watching TED talks. I think they are inspiring and I am not the only one. A while back I was watching a TED talk by Joshua Fields Millburn. He is 50% of the duo that calls themselves “The Minimalists”, who run a succesful blog and live a minimalist lifestyle. If you’re interested in minimalism or want to read my experience, keep reading.
I live next to a big shopping mall. On a regular basis I would hop into the mall to see whether there were some nice clothes or shoes on sale. And on a regular basis, I mean once or twice a week. I wasn’t specifically looking for something, just passing the time and feeding my addiction. I think on average I used to spend around 700-1000 euro’s per month on clothes, shoes, handbags and miscellaneous items.
Around six weeks ago, I decided that I was done wasting my money. I drew out 90 boxes in a notebook, every box representing one day until the end of 2019. I wrote the words “Clothing no buy” above it (I really did not have a better title). And I started.
In an earlier post I mentioned FIRE, the movement about trying to reach Financial Independence and Retire Early. I explained the part about Financial Independence, but I wanted to dive deeper in the Retire Early part of the movement.
Is retiring early the only reason to strive for Financial Independence? For some people, it is. Work hard, save money, invest wisely, retire at the ripe age of 28 years old. I personally think that retiring early shouldn’t be the only incentive to start looking more seriously at your financial situation.
The idea had been tumbling around my mind for quite a while now. I started last summer with listening to the Goed Met Geld Podcast, a podcast made by two Dutch financial bloggers. While their content spiked my interest from the start, I had a hard time pushing through and actually starting my own journey to financial freedom.