Retire in progress...

2020 Q3 Financial Update

Hi RIP readers,

Welcome to our latest Quarterly Financial (and Personal) Update!

It seems centuries have passed since my previous quarterly financial update. I had to re-read it to get a sense of “where I was” three months ago.

I’ll first analyze our finances – as always – then few aspects of my personal life.

I’m sure you’re now better equipped to follow the financial aspects of our quarterly updates, right? What? Didn’t you seethe 5 posts (so far) series I published on my spreadsheets? Very bad…

(read more)

Read more

(Bi)Weekly Learning Journal 5 (28/09/2020)

Hi RIP readers,

welcome to the RIP (Bi)Weekly Learning Journal.

Ouch, this last two weeks have been so intense! How did I manage to consume so much amazing material?

In this episode I tried to rank the material top to bottom. Those who didn’t make into the main list are not necessary worse, just less relevant.

Next episode on Monday October 12th πŸ™‚

Enjoy!

Read more

Interactive Brokers: thanks Brexit, screw you!

Hi RIP readers,

This is a quick post about how Brexit is impacting Interactive Brokers account in Europe.

IBUK accounts are going to be moved in EU and lose SIPC protection of 500k USD.

Crap!

(read more)

Read more

Lifestyle inflation and Early Retirement: Nat is Wrong

Hi RIP readers,

I mentioned several times how much I like almost anything Nat Eliason writes or does.

– I purchased his Effortless Output with Roam course when price was 100 USD (and got 100 USD Roam credits for this).
– I linked four of his articles in my first WLJ post, two of which I’ve read and re-read many times.
– I’ve bookmarked in the “Awesome” category more than 10 of his posts about skill building, about writing, about thinking, some of his book reviews (The Elephant in the Brain is the best one), about the reproducibility crisis in psychological experiments, about social disobedience, about passive income, and many more.

I also liked his old post about Financial Independence. Nothing new, but seeing that Nat in on board with our “movement” made me feel in good company πŸ™‚

Ok, today I want to write a review of his latest post on the 75% Rule for Lifestyle inflation & Early Retirement.

Dear Nat, even if the message you want to broadcast is very good (telling people to not splurge all their salary raises), I think your math is wrong on so many levels!

(read more…)

Read more

How I track my finances using spreadsheets Part 5: FIRE Metrics

Hi dear RIP readers,

This is Part 5 of my Spreadsheets series. I recommend you to take a look at the previous episodes before reading this one. So far we’ve seen:
– Why I think tracking your finances is important, what to track, my tracking history, and why you don’t need any app but spreadsheets for that (Part 1)
– How I structure my spreadsheets for tracking (Part 2)
– How I track my Net Worth (Part 3)
– How I track my Cash Flow / income Statement (Part 4)

Today we’re going to deep dive into how I track my FIRE Metrics.

Well, today I don’t care much about those metrics, my perception of FIRE has changed a lot. I now see Financial Independence and Early Retirement as a continuous, a Spectrum.

I do think that if you’re at the beginning, or even midway along the way, that modeling your financial “end goal” as a finish line has a lot of motivational value. Keep going!

Enjoy!

Read more

How I track my finances using spreadsheets Part 4: Cash Flow

Hi dear RIP readers,

This is Part 4 of my Spreadsheets series.
Today we’re going to deep dive into my “Cash Flow” tracking, i.e. how I track income and overall expenses. Which is not the definition of “Cash Flow”, I know, I’m an amateur accountant πŸ™‚
It will be a short one, promised. We won’t see expense tracking in full detail today.
I recommend you to take a look at the previous episodes before reading this one.

Enjoy!

Read more

How I track my finances using spreadsheets Part 3: Net Worth

Hi dear RIP readers,

this is Part 3 of my Spreadsheets series, and by far the longest so far. In this post I’ll deep dive into how I track my Net Worth. I hope you like it πŸ˜‰

Some of the terms used here have been defined in the previous episodes. Please, read all of them before this one.

Read more

(Bi)Weekly Learning Journal 4 (14/09/2020)

Hi RIP readers, welcome to the RIP (Bi)Weekly Learning Journal. Holy crap, if I let the material accumulate for two weeks the sheer amount becomes unhandleable! I don’t want to leave anything out, so I’m going to make two lists: the best stuff, each one accessible from the table of

Read more

How I track my finances using spreadsheets Part 2: Structure

Hi dear RIP readers,

this is Part 2 of my series on my spreadsheets. In this post I’ll explain the structure of my spreadsheets, with a peak preview of the main 2020 Net Worth (NW) Sheet.

Next episode will be the longest, all devoted to how I track our NW.

Stay tuned πŸ™‚

Enjoy!

Read more

How I track my finances using spreadsheets Part 1: Why and What

Hi dear RIP readers,

Today’s post has been sitting in my “Blog Post Ideas” list for a year now. I wanted to deep dive into my 2020 Net Worth Spreadsheet (and more) to help you following me in my journey, and (more importantly) to give you some hints in how to track your own financials.

Ideally, I wanted to write that post in a timely manner at the end of 2019, or in early January 2020.

Well, I didn’t. I procrastinated for months and months, giving precedence to other posts. Do not worry, the list of ideas is never ending. I don’t risk draining my creativity. I’ve ideas ‘stashed for the next 10 years at least.

Read more