Februari 2018: results are in!

We’ve had a crazy Februari, which is why I’m so late with the report this month. More will follow next months with (hopefully) better timings!

So let’s dive right into it. As I said Februari 2018 was tough. We had a ton of work! To keep my 2018 goal of a global 50% savings rate proves a hard goal to meet. Mrs MF and I started doing these ‘little surprises’ for each other. While amazingly sweet, these always come with a little cost, and little amounts quickly become big amounts.

So February has been mostly about balance, and I think that’s also a bit of the essence to reaching FI for us. Saving your ass off gets you where you want to be quickly, but when there’s someone you share your life with, things become more complicated whether you want it or not.

Mrs MF and I have a busy life, we’re working 6 days out of 7. So free time is precious, doing something passive is very tempting at that moment! Like watching TV or something…but thankgod we don’t own a TV nor cable 🙂 The previous month, we decided to ‘do’ things more often. We’ve put ourselves on a tight budget, so ‘cheap and awesome’ things here we came!

We went drinking a glass of wine in our favourite wine bar.
(if you’re ever in Ghent, be sure to check out ONA!)

It truly is an amazing experience for any wine-lover, unique and little known wines at your disposal. And if I’m honest; they’ve received quite a portion of my budget over the last two years 😀

The weather was terribly cold in Belgium with temperatures dropping to -10 degrees Celsius! Those are the times I miss my car to commute to work. But I warm myself to the fact that not having a car saves us a LOT of money!


Generally, we kept to our budgets quite well. So my savings rate for the month Februari is quite good at 41% saved. We went a bit overboard with the wine and bought a plant for our house, so i spent more than double of my ‘fun’ budget of 100 euro.
(oh yeah we went on a ‘mindfulness’ class too, quite the experience)

If i can get it over 50% and keep it there, I’ll meet my 2018 goal!
I’ll be honest that i’m not sure we’ll get there, we’ve booked our tickets for two big trips we’ve been planning for years so that’ll take quite the pinch out of our emergency savings. We’ve been saving diligently for over two years so a real vacation was long overdue in our opinion.

Net worth

My net worth dipped slightly due to the recent dip in the stock-market. For now we seem to be on a good track again, but the future remains to be seen. I’ve decided to remain in my positions for now. The long term is all that matters.

My crypto assets have bled quite extensively since December. While everybody’s selling i’m slowly adding coins to my collection! I’ve decided to invest my money every week while ignoring all the FUD (Fear, Uncertainty and Doubt) that’s being spread. Let’s hope I’m right in the long term. 🙂

2018-02-08 13.37.47

Alright that’s about it, no other news! If you have any questions: to the comment section!


How we cut 40% on our expenses!

When we started our FI-journey, saving money was (and still is) priority number ONE.

We love seeing our costs go lower and lower each month, freeing up more cash to put to investments or just building our emergency budget.

We discovered new ways of saving money on various aspects of our lives. (Did you know drinking tapwater instead of bottled water can save you up to €400 yearly?)

When FI was just a vague concept for us, we looked into the typical money-saving tips you find everywhere on the internet such as; eat out less, shop discounts at the groceriestore, start biking more instead of resorting to your car and so on,…

We had the feeling these were good to start with, but didn’t go far enough. What’s the use of biking to work once a week if you’re still paying for your car that’s sitting idle on the driveway? Why shop discounts if the advantage is marginal?

We knew we had to think further if we were going to tackle this FI thing head-on and not just save €50 more a month. (Which would make our FI journey longer than life itself)

So we tackled the big guns first; rent, car, utilities and groceries. Our house in the suburbs was nearing the end of contract and we wanted to move closer to the city again, just for convenience.

The city is expensive yo! Our rent was 650 a month, the new house we set our eyes on was 780 a month. That alone would be an increase of 20%! We were planning on downscaling, not upscaling our costs!

So we worked out a radical plan.

The house we were renting had an extra room, so we looked for a roommate! Having a roommate cut our housingcosts by a third, instead of the full 780 a month, we now pay €520 a month. That’s 33% LESS than before while getting all the benefits of living in a city.

We were happy with the extra amount we saved because of this, but boy were we on a roll now!

We started questioning our car, did we actually need it? When we moved to the new house, we started counting the times we actually needed our car. The result? Living in the city brought another benefit along; we used the car 2 times a month! We did everything on foot or with a bike so we could very well do without it.

The car took up a large portion of our budget for a long time. Gas, insurance, upkeep and maintenance aren’t cheap!

So we sold it and took on the experiment of doung everything with public transport, bike or on foot. We even got ourselves a little bike-trailer to go to the store! We’re half a year in, and so far, so good.

Our costs went down almost immediatly, instead of spending around €300 a month, we freed up €300 to invest! Another major win!

We won almost €600 on two big components of our household, areas that are often taken for granted or overlooked when thinking about ‘spending less’.

We went even further, we went shopping for the cheapest gas and electricity supplier out there and found a fixed-uear contract that saves us almost €400 a year. I’m a bit of a freak on these things, so i started tracking our gas usage every month to see when we were spending the most and how we could cut back on our bills.

We did the logical things; changing our old lightbulbs by LED versions, optimizing our boiler settings,… but we were still spending a lot of money on gas and electricity…

So we did the thing millennials are best in; thinking outside the box!

We looked at exactly how we used our heating and our water. One of the most striking discoveries was that we both liked to wash our hands with hot water!

(We have a boiler that activates itself once you activate warm water in the house.)

We asked ourselves; would it make a difference if we washed our hands with cold water instead of warm water?

Time for a test! We spent the next month paying attention to use cold water when we washed our hands. The result? We spent 15% less on our gas!

We were astonished by the big result such a small insignificant change could have. It means we spend €120 less on our utilities bill a year!

Making big and small changes is part of the journey towards Financial Independence. We’re still looking for possibilities to cut back on costs and save money. But at the meantime we still want to be able to enjoy life.

That’s why we focussed our attention on the big three: housing/utilities/transport. If you’re able to cut back significantly on those costs, you can ease up about spending €6 on a double espresso once a week.

Quality of life has always been important to us, so cutting back on those major costs and thinking outside the box freed up almost half of our original household budget. Meanwhile we still allow ourselves the pleasures of everyday life and we love every moment of it.

Of course, cutting back even more frees up even more money for investments and savings, but do you really want to spend your days counting pennies untill the next paycheck comes around?

We made a budget for every expense in our household and try to stick to it, but having a budget doesn’t have to mean depriving yourself from every joy in life.

Remember; you can have anything, just not everything!

How to millennial

At 6, I wanted to be a firefighter.

At 12, I wanted to become a doctor.

At 16, I just wanted to quit school already.

At 20, I didn’t know what to do with my life but i knew i needed an education.

At 24, I graduated from said education with the most useless degree one could get: Art and Graphic Design.

Why? Because i liked drawing so much i thought i could easily make it into a successfull career. (Lol)

It was 2012 and the economy was stuck in the worst recession since decades. Needless to say i didn’t find a job ANYWHERE.

Sounds familiar?

Burn your degree

We’re Millennials, born in a innovative era, the world is changing faster than ever before. Still we’re being told we can face that challenging world the old-fashioned way.

The millennial generation is one of the few generations subjected to so many profound changes in such a short time. We started highschool barely having cellphones (nokia 3310…anyone?) and while doing homework on a typewriter. To graduating college on an ipad and stories about people dropping out of college and becoming millionaires.

Given recent developments in AI and technical advancement there are no signs these changes are slowing down, they’re just getting started.

The truth is that various certainties like ‘work hard and get a good degree’ and ‘hard work will get you anywhere’ just don’t seem right any longer, it just doesn’t cut it in today’s world.

But then what? What do you do? Just dig a hole in the ground and wait for it to blow over?

“if you just work hard and get a good degree/scholarship, it will all work out for you” -my dad

Me, Myself and I

I sent out resume after resume, but never recieved a call. I just wanted what everyone of us wanted; freedom to do what I want (and a car), why was that so hard?

I would be lying if i said it didn’t hurt or that it all went smoothly. Being an adult all of the sudden is hard! It came to me that my education didn’t -in ANY way- prepare me for the world I was shot into. I was educated in a field that barely even existed at the time I graduated.

Eventually i found myself a job doing nightshifts in a Customer Service Callcenter making barely minimum wage. Horrendous workinghours, stressfull, teamleaders on speed (no, really…), colleagues stuck in the same routine for YEARS…and the CUSTOMERS! Don’t get me started…and the list goes on and on.

If you’re currently working in a callcenter and you’re happy where you are, you’re awesome! You guys get me discounts every year! I can imagine there are callcenters where one can work happily ever after, unfortunately i had a completely different experience at the time.

For me, it took a year or two to realise that life wasn’t for me. I had enough. So i started to do what everyone does: updating my resume and writing letters to possible employers. I wrote more than 50 letters without ONE invitation for an interview.

Little did i know that in the two years i worked in Customer Service, the Graphic Design industry changed so much that i had less to offer than everyone fresh out of college. For example: I was the last year to graduate without coding lessons… and nowerdays, you need to be able to code.

Well i was completely stuck, my degree didn’t get me anywhere while it should’ve been my ticket to a good career! …Right? It felt as if i was condoned to a life in Customer Service forever. I was mad at everyone back then, especially the ones I loved most dearly.

So I just quit from one day to the other.

Needless to say: what followed was a rollercoaster from freelance gigs to part-time jobs with a detour at unemployed and a pitstop on welfare. It wasn’t pretty to be honest but it would be unfair if I were to leave my SO out of the equation. She really stood up to the test and provided some much needed emotional and financial stability, I’m still extremely grateful for all she did!

I manned up eventually, took some friends in high-earning positions out for a coffee to see how they got there and fast-forward 3 months later: I started working in the Financial sector and I’m working there still.

So what can you take from this?

  • Understand nobody is the same, everybody developed in their own way and pace. Don’t try to keep up with the Joneses.
  • Your fancy and costly degree doesn’t dictate your life, you can re-invent yourself at will.
  • Understand that EVERYBODY is looking for a place in this world, it’s no shame you haven’t found yours.
  • You have a network already, use them and hear out their story, we all like to share successes over a coffee.
  • Ready more books, a simple book about the basics of human psychology landed me a 25% raise!
  • Dare to question yourself and your truths.
  • Learn how to write a good resume and cover letter

I’ll cover more on these topics later on, if i can give you one last piece of advice it’s that Change. Will. Take. Time., don’t expect things to change overnight.


Life is a long-ass marathon, not a sprint.