FIRE Meetup

FIRE Meetup

When we had one of our FIRE buds over for dinner a few weeks ago, we got to the topic of FIRE meetups. We organized about 7 of them plus a Castle weekend. Albeit a lot of fun, they take a lot of work and effort to organise. I’m very lazy by nature, so this naturally works counter productive. We both agreed thou, that it would be great to have a FIRE meetup again. But one without all the hassle (and thus also without presentations or cheap food and drinks). We came up with the following plan, we would meet […]

Personal , Real Estate , Taxes

Not dead yet!

Nope, we are not dead yet! Albeit we are now over halfway our lives (statistically speaking), we are not planning to call it quits just yet. Life has been good but busy. Financially we are making steps forward once again too. Working really does miracles! Only major downside is that you have a lot less time to do fun stuff. Me no likey. Life update Quick summary, we bought a house that was too big, too expensive and needed a shitload of work. We call that a money pit. Said money pit is slowly improving, albeit not completely finished yet. […]

Personal

No Longer Koos Werkeloos!

Quick service announcement. I really suck at this whole FIRE thing, seriously no idea what I’m doing. We first bought a million euro plus money pit and now I go back to work! So, I’m no longer Koos Werkeloos. One does relate to the other… Despite the fact that we could live in the money pit on one income. We have depleted our cash reserves quite a bit due to the renovations (which are still under budget, surprisingly) and lack of income from my end the past year. It got so bad that we only had about €4-5k left on […]

Dividends

May 2023 dividend update

May is typically one of the slower months of the year from a dividend perspective. But we still received a total of €556 in dividends for the month. No complaining here! Now that we also sold a lot of our real estate, one of the considerations is to start buying a few more dividend generating shares. Anyhow, here is the May 2023 dividend update. Dividend Income No major changes or dividend modification this month. Nice and boring, but again more dividends than the year before! We reached our $1000 threshold again in cash, and bought some BCE (Bell) shares. We […]

Real Estate , Taxes

From Landlord to Lender

As of today, we reduced out real estate holdings significantly. We now only have one more rental unit, instead of the 6 we still owned last month. Rather than being landlords, we are now acting as the bank, as we provided the buyer of our real estate with a mortgage. So we went from landlord to lender. Why? Why did we sell most of our real estate holdings and turned lenders? There are quite a few reasons to be honest. It was also a process that took many months to culminate. In no particular order: The Deal What deal did […]

Dividends

April 2023 dividend update

Oh boy is our money pit taking up a lot of time and effort! But progress is being made and we have a new roof, windows and the outside is being improved at the moment. Hence, didn’t have much time (or energy) to blog. But fortunately the passive income continues to flow in! Love dividends. Here is the April 2023 dividend update. Dividend Income April is typically a pretty good month. However, the year over year growth limited this time, which had it’s primary cause in AQN slashing it’s dividend by 40%. It hurts a bit, might have had to […]

Dividends

February 2023 Dividend Update

Welcome to March! February was pretty uneventful for us. Not a bad month perse, but just not a lot going on. The home renovations are progressing slowly, but are still progressing! Our dividend portfolio did the same, no major movements but still a steady climb year of year on monthly basis (special dividends not taken into consideration). Anyhow, here is the February 2023 dividend update. Dividend Income February is typically a slower month. But looking at this past month, a “slow” month is now providing more income than a “good” month a few years back. Isn’t organic dividend growth great? […]

Dividends

January 2023 dividend update

Welcome to February! Boy, does life go fast when you get older… For those who complete Dry January successfully, well done! Without further delay, here is the January 2023 dividend update. Dividend Income In 2023 started again with another €1000+ month in dividend income terms. We continue the trend that we stated in 2022 with many months bringin in over €1000 in dividend income, and we like it! Add all this up and you get this yearly overview (in Euro’s): 2022 has been a very good year to say the least. We hope that 2023 will still beat it though. […]

Dividends

December 2022 Dividend Update

Welcome to 2023! Today a quick look at the December 2022 dividend update and the overall yearly numbers of course. It’s been a great month and year, albeit the exchange rate had some impact to prevent a record month in euro terms. We did actually pull it off in CAD: $1505 in labor free income in December. Lovely. Dividend Income In 2022 we hit 8 months with more than €1.000 in divided income, which is an absolute record. In the previous years we didn’t even manage to get to that monthly number! Now, one month has it’s cause in a […]

Personal

Happy New Year!

We wish you the best for 2023, all in good health and financially succesful (of course)! The new year will no doubt be interesting on all fronts. It has not been boring the the last few years, I expect no difference in 2023. We plan to finish the renovations of the house, optimize our finances. Perhaps even find new employment (or some other challenge to make daily life more entertaining). Net Worth Drop Financially we dropped a bit in Net Worth/Cheesy Index terms (still need to calculate how much), obviously because of the purchase of the money pit and limited […]