The Rule of 300 is a shortcut that enables you to estimate how much money you’ll need for retirement or to achieve financial independence. Even more excitingly, it enables you to estimate what any particular line item in your budget will require in terms of capital funding. That’s right! The rule of 300 turns amorphous future you into a flesh and blood person with their own wants, needs, and bank statements. And if future you […]

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Well hello FIRE peeps, hope you are doing well. My morning started really good, as I have been able to balance all the cells in my home battery. As of this morning 7:00, the home battery is fully operational! Futhermore, last week me and Mrs Hoefnix have gotten together and planned a new FIRE meetup! Still working on a few details, but see below for a sneak peak and to see if you might be able to help us with volunteers. So here is a quick Home Battery & FIRE Meetup Update. Home Battery Update My last post was already from late March, when I wrote about the purchase of my home battery. At that time I had done my research and had bought a 32 kWh home battery. In many pieces though, as I had to be build completely from scratch. Now, May 6th, I’ve been able to succesfully build and install my new home battery. And to my joy this morning, the load balancing overnight of the 32 individual battery cells was complete and succesfull. As of 7:00 this morning, my new home battery was fully operational! Home Battery & FIRE Meetup Update: Cheesy Battery Now, I will write a more technical blogpost about the full installation and experiences later. But I can share already that it took about 5 days to build, install and commission. This includes installing 38m of ground cables (6mm2 – 4 wires) and drilling through 2 stone walls. This also included building the cabinet for the battery. And it includes many small fuck-ups along the way. Fortunately nothing major, so I didn’t screw up the system or components. But it did take up a lot of extra time. Finally, I did contact our local electrician to do the hookup in the fuse box, this was still a considerable amount of work. It took him almost 3 hours of non-stop work to get everything connected. I would have take me a lot longer. But this added another €225 to the costs of the installation. But this was worth it! Total Damage was just under €9300 or ~€290/kWh installed. Not bad for a system that can run island mode (i.e. if power fails on the grid, we will not notice a thing. Well except all neighbours showing up to charge their mobile phones and drink coffee perhaps…). More to follow later! FIRE Meetup Update Mrs Hoefnix already did a save the date post. In this post I would like to give a bit more information, and give you an overview of the volunteer positions we are looking for to make the day a success. Volunteer positions won’t be required to purchase a ticket. If you cannot, or don’t want to volunteer, a link to the tickets will be made available somewhere in the coming weeks. Here is my safe the date notification: Concept Agenda 12:00 – 13:00: Doors open 13:00 – 13:15: Welcome and agenda for the day 13:15 – 14:00: Financial Horror

Most people spend their entire careers waiting for the day they can finally stop working. In this episode, I sit down with Brian Herriot, author, speaker, financial advisor, and entrepreneurship coach, to dig into the concept of time freedom and what it really means to build a life on your own terms. Brian spent 14 years in corporate consulting, chased the early retirement dream, and hit the $1 million savings mark right before COVID wiped […]

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Life is uncertain. We are living our day-to-day lives with a certain level of uncertainty, but that’s part of the fun. Some people don’t like having too many uncertainties, so they take actions and precautions … Read more

It’s been a while since I wrote much about our children. So here’s a big update on what they are up to as the kids of early retired parents.  For those new to the blog, we have three kids: two adult daughters plus a teenage son. Our daughters are 19 and 21 years old while our son is 13.  When I first retired almost 13 years ago, our son was only one year old, still […]

The Canadian asset allocation ETF portfolios are game changers. Most Canadians who are still with an advisor should consider leaving said advisor and instead, invest in these investment options. They are so superior to poor-performing high-fee Canadian mutual funds. Those mutuals funds usually come with a salesperson not an advisor. You pay for the salesperson, you pay again for the poor investment option. In retirement, it’s even worse. The fees paid directly reduce your ability […]