While living a life with an interesting (but sometimes frustrating) job, great food, family and a few friends I am able to save from my take home pay each month.
For the year of 2016 the target is to save away more than 60% of my net salary (i.e. after tax). This should enable me to reach my ambition of financial freedom (simple life based on a 4% withdrawal rate from saved/invested money) well before the day I turn 65.
There are of course tables defining how fast you would be able to reach financial freedom with such a savings rate. My ambition is to be able to quit work latest 9 years from now. Let's see if the wife agrees and supports...
So, another ego-target to my list of targets:
I'll come back on how it's going and how far is left until the moment of financial freedom.
For the year of 2016 the target is to save away more than 60% of my net salary (i.e. after tax). This should enable me to reach my ambition of financial freedom (simple life based on a 4% withdrawal rate from saved/invested money) well before the day I turn 65.
There are of course tables defining how fast you would be able to reach financial freedom with such a savings rate. My ambition is to be able to quit work latest 9 years from now. Let's see if the wife agrees and supports...
So, another ego-target to my list of targets:
| Area | Starting point | Target | When |
| Monthly savings rate | 50%(?) | 60% | Average monthly savings rate during 2016. |
I'll come back on how it's going and how far is left until the moment of financial freedom.
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