lightlovehope
New member
I'm on vacation and going through my finances and trying to figure out how my family is floating and if its in line with our life ambitions. I made an overview to discuss it with my wife and dad (personal advisor). I'm torn between enjoying the fruit of my labor now while I have a young family or knuckle down and see if i can get ahead financially.
I could use advice on the following:
I could use advice on the following:
- With my profile; enjoy, invest, or passive income hussle(s)?
- Investment option for my kids education or house money (+-15 years investment window)
- Retirement tips
- Two good jobs in fields we enjoy (Sr Manager in Consulting and Marketing Innovation team lead) about 100K+80K p.a. We both foresee continued growth opportunities
- Monthly income (incl. tax returns, bonus) about +-11.3k Net per month
- Monthly expenses (incl daycare, household, mortgage) about 10.0k Net per month
- Net Worth: 635k
- House 1.3m w. 750k mortgage (@2.5%, 20 years) = 550
- Crypto 25ETH + btc = 46k (ATH 120k)
- Cash + Savings = 35k
- Un-used family loan of 40k @ 1.8% which i only need to start paying on the part i spend. This loan is meant to expand my home office and construct a outdoor lounge.
- House is in good shape (solar, new heat-pump, and insulated)
- We more or less cover our monthly expenses with our wage income and have 3 breaks (summer vacation, bonus season, and tax season) that top up our saving accounts
- My wife is spending 100 euro a month on sport.. but its her hobby
- Our fixed expenses are in good shape and we are not overpaying for hidden services.. looking at you life insurance)
- Kids become less expensive once they start going to school.. for a 2 (3 days) + 4 (2 days) year old I'm paying 550 Net per month (1950 - 1400 tax break)
- Investing in stocks is a pain because of my employer, its a tricky topic. I ended up selling my small managed portfolio 3 years ago (and dumped it into crypto..)
- Option to retire on time or at least start working WAY less. We always say 55, but i recon 60 is more realistic with our current lifestyle.
- One day buy our dream villa in Italy, which probably costs around 3m
- We have always wanted to get into real estate, perhaps get apartments to rent. Current Dutch climate sucks
- My wife misses being charitable and loves the idea to revitalize a piece of land
- Setup a priviledge fund for our 2 kids so they can have a good start of their adult lives (education and housing)
- I want to have a 4x4 Defender or similar to drive the kids around town (