How much are you spending each month? 🇪🇺Interactive Brokers (ETFs): angelo.fi/ibkr 🇪🇺Trade Republic (ETFs, 3.25% interest): angelo.fi/tr 👉Compare ETFs: angelo.fi/comp 🇦🇹Flatex (ETFs): angelo.fi/flatex 💶My high-yield savings account with 1% saveback on card payments: angelo.fi/save
Located in Austria as well, we have a similar income and similar savings rate. Our portfolio is smaller but we don't have to pay rent. Like you we are quite certain we'll reach our goal within the next couple of years. Like you we are spending on certain things we value, and try to save as much as we can on 'unnecessary' things.
Angelo, alcune considerazioni. È bellissimo che in ogni video dici "me and my wife". Sembrate una coppia molto unita e comunque rende l'idea che la vostra crescita economica/finanziaria sia stata dovuta al lavoro e sacrificio di entrambi. Se posso permettermi una piccola critica, l'unica cosa che non ho visto migliorare nei tuoi video nel corso del tempo è l'accento e la pronuncia inglese. Se hai modo lavoraci sopra perché per il resto hai i numeri per entrare nel gotha degli youtuber in ambito finanziario. Auguro a te ed alla tua famiglia cent'anni in salute. P.s i wrote my comment in italian on purpose.
Grazie! Hai ragione, proverò a migliorare la mia pronuncia e l'accento. Apprezzo il tuo feedback, grazie mille! Anche a te e tua famiglia auguro tanta salute!
Thanks for such a great video. Definitely agree with everything you've said. Also I was surprised you are still having 70% savings and such low expenses. Also I'd be interested to see how you manage to spend time with kids + work + mealprep, what is your daily routine
Hello from your neighbours from Slovenia 😃 I’m 24 and living with my girlfriend. We are both still studying and doing student jobs on the side, but are thinking of having a baby next year 🙈 I am half year away from finishing masters degree while she has 1 whole year of studies left. Our monthly expenses are about 1000-1200€, but we are really luck to have parents who have no problem to cover some of that, so that we can focus more on investing and saving for the future😊
That's impressive! Personal trainer, Italian tutoring session and cleaning lady just 142 per month? Here in Germany most trainers will charge around 400 a month (2 sessions per week) 😅
Another excellent video. Thank you, Angelo. In Portugal, with 2 salaries (mine and my wife's), you can live reasonably, putting something aside every month... With 2 children, it is true that the costs have increased, but it is part of family life and we accept it well. :- )
Thanks for sharing personal numbers. Few points, with your strategy you dont fix profit. This rally will end in near future with strong correction. So i would still use average 10 year growth in calculations and would not count this +21% as your money. I started to sell stocks very often due super expensive market even though im investing for long term and the goal similar to your. I live in Germany and with two kids we spend around 5k€. Your apartment cost is an exception, i dont know if you have two bedrooms, but the average cost in my case 1500-2000€ for 2 bedroom. So consider this as well. Realistically you would need maybe 5-10 years to reach your goal, which is fine. Journey is what makes us happy, not reaching goals. Wish you good luck! 😊
The same goes for you and your loved ones, Miri! 🙏
2 дня назад
You are a super saver, Angelo 😅! I live in Tyrol and I’ve heard that Vienna is much cheaper than where I live but I’m no where near to your monthly expenses 😂. And I thought I was good at saving! 2500€ per month still amazing! Wish you and your family all the best! As always thanks for your videos. They have helped my family tremendously!
Till this day, i still dont understand how you manage to pay such peanuts for housing man. Transportation I get, no cars, but paying under 800e for housing in europe for 3 people is remarkable. Happy for your family
Hi Angelo, Thanks for another great video. I must admit your expenses seem quite low! Especially compared to Ireland! I was wondering do you also contribute to a traditional 'pension' fund or is your investment going to act as your retirement savings also? Also would you consider setting up a similar investment fund via trade republic for your daughter using any child benefit money from the Austrian government? Keep up the good work, Darragh
I also would like to be free to retire early…. I just wonder what I would do if I did! 😂 it is a intriguing question to ponder as I have built many friendships over the years through work. I think one would still need a community I.e. one would need to join clubs or charities in order to be exposed to new people. Yes I could have hobbies at home, but the Blue Zones studies show that feeling needed and a part of a community helps longevity. What do you plan on doing Angelo? It would be interesting to record your thoughts now and compare what retirement for you guys really is like as and when it happens!
Having a community of likeminded people would definitely be important. Good question, I would still be working on something for sure, but it wouldn't matter if it made me money or not. If by then I still enjoy making videos (and AI hasn't ruined it all 😅), then I believe RUclips could remain part of that.
Hi Angelo, can you explain the advantages on buying Crypto with Bitvavo? I am interest on investing around 5% in Bitcoin, and if it´s not a big difference I would like to keep it in Trade Republic. Why did you do it different? Thanks
For us, the family of 2 (Amstrerdam, Netherlands): 3000 EUR - apartment + utilities 1500 EUR - groceries, restaurants 200 EUR - cleaning lady 500 EUR - tutors, phycology sessions 150 EUR - cosmetics 100 EUR - subscriptions 100 EUR - cat 72 EUR - mobile data 50 EUR - internet 90 EUR - bike rental 50 EUR - insurance (biggest part is paid by employer) 30 EUR - fees & other insurances --------- Do not include any irregular costs as travel, clothing, cosmetologist, extra taxes, transportation, etc. Honestly, having kids is extremely expensive here, trying to figure out how to manage it in the future.
@@alarud 1. living in amsterdam is expensive and not nessesary. You could downsize there. 2. 1500 for grocieries and restaurants? Insane. Cleaning lady.. cant clean yourself? why tutors? Why 150 for cosmetics? 100 for subscriptions is way over the top aswell. rest is understandable. I just see a huge lifestyle inflation on your side.
@@Cope_93 yes! we all have different lifestyles, I agree :) I like to live in a nice location and in a nice apartment, and cannot compromise this. Same for restaurants and groceries - the quality is important to me, and new experiences as well. It is all about priorities. And I perfectly fine with this spend, it is comfortable for me. The only complain I have is day care prices. Which should not be that expensive with the huge taxes we are paying.
Love your content I live in Belgium and work in Netherlands, we receive child support from government. I put 1/3 into a simple saving account for expenses and the rest I invest for our daughter's future in ETFs on DeGiro Our daughter is now 5 and I'm 43, we only started our FI journey 4 years ago and have a long way to go especially because I'm a single earner. Every year I need to adjust our target slightly upwards because of the costs of sports activities, music activities, clothes, ...
people forget the investment value of having many childrens - they look at it as an expense, when it is an asset. Only it will take many years until you get your ROI, but literally forming a small group of new human beings that will become your loyal supporters and helpers in the future, and even enable you to enjoy an old age where you will not need to end up alone in an institution, is an incalculable benefit to you. and all it takes is a couple 100 extra euros every month. no brainer. You can even decrease the cost if you actually educate them yourself rather than sending them off to daycares and schools where the state does your job for you.
I love your channel so inspiring, im still very young and been following you for 2 years now. im also doing great with investing and your whole view on life and finances is so positive which i love. thanks for everything.
Thanks for this very detailed video. I wonder what you guys use to track the budget. Do you recommend a good app or the good ol' fashion Excel, although the latter might be a bit hard to work with?
1500 per la Casa in afitto 400 per la spesa (abbiamo un bambino) 47 internet e cellulari, 180 transporto, 29 assicurazione casa 50 speise varie, Vivíamos adesso anche a Vienna
One more reason for us to come back to Portugal for a vacation sometime soon! :) Until then, I'll have to enjoy whatever pastel de natas I can get my hands on here in Vienna!
Devi pure considerare che se smetti di lavorare avrai più tempo per stare con tua figlia e non avrai più bisogno di portala al nido. Una buona parte delle spese extra dei bambini sono causate dalla mancanza di tempo dei genitori.
Hi Angelo. First of all I would like to thank you for all your work and sharing all of your personal experience and details. Can you please also share which broker or brokers do you use to have your EFT investment? Do you only use one or several? Do you fell safe to have so much money in those brokers? Thanks and regards
Our monthly expenses are around 1600 euro here in Romania.. with 2 girls (9 and 12 years old ) but its hard as the inflation in RO is number one in UE at the moment and next year we expect big increases in taxes by the next government cause there is a big deficit like 8% in our PIB..so for Austria is not bad at all with your monthly expenses.
Thank you for sharing! I hope they don't go overboard with taxes in RO, as relatively low taxes were always a big selling point for the country. Yes, our comparatively low rent definitely helps a lot.
Thanks for your videos! If it’s possible could you please answer question which I’m trying to understand a lot of time already and could not find the answer - Does Interactive Brokers register fractional shares (less than 1 full share) with a central depository, or are they held internally within the brokerage? Additionally, if I buy two separate 0.5 shares over time, will the resulting full share be registered with a depository automatically, or does it remain within IBKR unless explicitly requested?
I am shocked with how little you spend in VIenna, congrats... I also thought the salaries in Austria were higher, though. In Lisbon for a room I pay 500€ and the normal price is 600€. I can say that my expenses are 2000€ on average (yes, big saving effort to be made) Nevertheless, all the best for your family and thank you for the channel, it is the best!
Hey Angelo, as always - Great content! More or less on a FIRE trajectory in Ausria as well, but also enjoying our occupations :) Would you be able to share your thoughts / recommendation on your daughters private health insurance? 18€ / month seems like a steal, especially considering the doctors situation in Vienna.. thx & BR, Patrick
How can you rent such a nice place in a place like Vienna for that low rental price? Also you pay rent, how is the calculation regarding retirement not taking this into account? Would be very different if you would paying a mortgage.
Why are no taxes and health insurance payment calculated into the amount you need annually ? I dont get it. Once you rely on these assets to live, dividends and capital gains from stock selling are taxable income and you will need health insurance. Isnt it mandatory in Austria ?
At 6:47, do you know why do you have so many subscribers from Portugal? With a population of just 10 million and located on the other side of the EU, this seems like a statistical anomaly. I'm commenting from Portugal and really curious, because I cannot think of a reason.
Literacia financeira on reddit maybe? I am an expat in Portugal and to me the lack of financial literacy I witness outside of my home every day is absolute madness.
Good question, I remember hearing some brokers mention that they're also surprised by how active Portuguese residents seem to be when it comes to investing. Regarding my own channel, it's possible that you guys simply tend to have a higher English proficiency compared to other EU countries on average, which is why you don't mind watching content in English instead of Portuguese.
Hi Angelo, we also leave in Austria and paying for phone (3 numbers) and internet in 1 contract with T-mobile EUR 90! And it is not a good contract :-( can you please advise which company you are using? Also, which health insurance? Thank you!
Not sure I'm following. As of 11/24, new total is 2.495€ / month. This translates to 29.940€ / year. But then @5:45 you input the "annual expenses" as 25.524€ or "monthly expenses" as 2.127€. Did I miss something?
Side question Angelo, are you keeping you crypto on a cold wallet or did you keep it on bitvavo? Thanks for the great content, as a father of two I can relate everything you said.
How was it for you with the finances regarding kids (I'm still at the point figuring out if my future should be with or without kids.) I appreciate all the feedback I can get about that topic. (:
Most if it is offline on a hardware wallet. My favorite is the Trezor Safe 3: angelo.fi/trezor If you ever get a hardware wallet like a Trezor or Ledger for your crypto, make sure you only buy it directly from their official store and never used. My pleasure! :)
I can't imagine missing out on the experience of being a parent now that I've lived through it. It gave me a completely new perspective on life, more motivation for anything important that I need to do every day and makes me feel like the world is a much better place. Every single second I spend with my daughter is the best time I've ever spent in my life, it's hard to describe. Back in January 2022 when we started our "baby project", I remember thinking if the world wasn't too crazy right now to have a kid and I'm so grateful we didn't wait. She's our best "investment" by far, nothing comes close :)
@@Edith864 from a financial point of view, my wife and I are teaching our kids the value of things. They are 9 and 6 but follow good habits to avoid waste, be happy with what they have. For sure life is more expensive than being alone but as Angelo explained, kids bring you a purpose in life. It is your best investment in life.
It’s actually amazing how much you were able to increase your expenses without really increasing your time to FI. Good old bitcoin!! 4% rule is probably conservative anyway. You’ll definitely sail passed that fi number in the coming years! Enjoy!
Interesting video and expenses analysis :) We live in Bratislava, family of 4, only apartments rental prices here for big family start with 1000-1100 eur minimum.... food - another 1000. Then private school and all the rest... Sounds like Bratislava is more expensive than Vienna🙄
Thank you! At least you pay way less in taxes and social insurance, so it's not all bad I guess 😅 And we're very lucky with our apartment, some of our friends pay almost double in rent for a similar sized apartment.
4.7% after updated research: "Bengen's new work says 4.7% is the new "SAFEMAX" withdrawal rate under poor conditions -- his word for the most someone can take the first year with a low probability of depleting their nest egg"
What about having couple years of ETFs that won't have so much gains? will this impact your 4% rule? For example if we have a '' lost decade'' in stocks does your plan is still valid?
The 4% rule says that you can spend 4% of the portfolio in the first year and increase that amount by the inflation next years, AND it will last 30 years in the WORST case. That means, according to the Bengen's research, one can have 1$ left in the portfolio after 30 years, and that is still considered a positive case. The perpetual withdrawal rate for FIRE now is close to 3.3% according to Tyler from portfoliocharts. This rate will remain the capital unchanged in the worst case including inflation. That is, one can not rely on 4% rule for FIRE, since it was calculated for 30 year rolling periods.
25524 annual expenses after-tax ? You need to add to that amount the tax and the health insurance for three and multiply with 25 ? And then you have the correct amount you need ? Dont you think ?
Goverments should invest more into parents, like give people with kids way less taxes. The future of the world lies in making children. But births are decreasing, I dont understand why politicians can't see the problem.
@@SchwarzeKatter This is obvious bs. People had kids in much more desperate times, in fact it's the opposite: The better educated and economically prosperous people are, the less kids they have. So having kids or rather not having them is purely a lifestyle choice for most - one that gets subsidised by people sacraficing for the future of their family, nation and in the end humanity.
@@AECH_CH I agree with you in the sense that the better educated are aspect, and nowadays we are more educated because of the easy access to information. And that's why people are having less kids, because they are seen as a liability. That's why the government's response to that is immigrations.
@@SchwarzeKatter In German we'd say "Wohlstandsverwahrlosung" to this. In fact the main focus of my financial journey will be to inform myself on how to not spoil my kids and not calibrate their "entitlement-meter". The less you're used to, the better for your happieness and gratefulness. Don't plan on letting them hunger, but I'll make damn sure my kids don't see restaurants, overseas holidays and stuff until they are teens and have worked a sub min wage holiday job, so when I pay for their 50€ meal, they know "damn, I'd need to work 5h for this". Nothing destroys wealth faster than entitlement, I've seen this within my close proximity. I have friends that blew Millions for nothing.
She definitely enjoys all the attention she gets as a result of that! Plus she has tons of friends to play with, so a brother/sister is not needed for that reason. I was an only child as well and did ok :)
I heard this statement recently: "A child is born, a hardworking father is born too". Growing a child may seem as an extra cost, but I would say it is more like a stimulus for quiting your comfort zone and increase your income. And I would also say that just one kid isn't enough. 🚀
I don't think 4% is a realistic representation of your personal target to achieve FI. 4% rule talks about (not running out of money in) 30 year long retirement. Person in their 30s should probably be planning for 60 year retirement so withdrawal rate might need to be more conservative than 4%. I do understand that you might be using 4% as a simplification and also planning to earn at least some income the future. Maybe a topic for another video.
Unless you’re a big shot CEO or willing to live on a poverty line you can never retire early in the west… the ever moving goalpost. Official inflation is one thing but the real inflation is another.
This is just not true, proven my 1000s of "normal" people that achieved exactly what you claim is impossible. In fact: Most rich people don't stop working once they're rich, making them even richer...
I dont think it ruined your retirement plans but it definitely ruined your wife's body. She does not look the same,which is normal I guess.men dont appreciate enough the sacrifice women make when giving a birth
I don't know what this comment ads to anything. Dude literally busting his ass off to retire early with his wife, what should he do more? You see any sign of him not appreciating the mother of his children? This comment is kinda inappropriate under this video.
My wife is in the best shape of her life right now and has never felt better, so I'm not sure what you're referring to 😅 Of course I appreciate everything she has gone through, more than you can imagine. She's the best mom and wife I could have ever wished for :)
How much are you spending each month?
🇪🇺Interactive Brokers (ETFs): angelo.fi/ibkr
🇪🇺Trade Republic (ETFs, 3.25% interest): angelo.fi/tr
👉Compare ETFs: angelo.fi/comp
🇦🇹Flatex (ETFs): angelo.fi/flatex
💶My high-yield savings account with 1% saveback on card payments: angelo.fi/save
Located in Austria as well, we have a similar income and similar savings rate. Our portfolio is smaller but we don't have to pay rent. Like you we are quite certain we'll reach our goal within the next couple of years. Like you we are spending on certain things we value, and try to save as much as we can on 'unnecessary' things.
Angelo, alcune considerazioni.
È bellissimo che in ogni video dici "me and my wife". Sembrate una coppia molto unita e comunque rende l'idea che la vostra crescita economica/finanziaria sia stata dovuta al lavoro e sacrificio di entrambi.
Se posso permettermi una piccola critica, l'unica cosa che non ho visto migliorare nei tuoi video nel corso del tempo è l'accento e la pronuncia inglese.
Se hai modo lavoraci sopra perché per il resto hai i numeri per entrare nel gotha degli youtuber in ambito finanziario.
Auguro a te ed alla tua famiglia cent'anni in salute.
P.s i wrote my comment in italian on purpose.
Grazie! Hai ragione, proverò a migliorare la mia pronuncia e l'accento. Apprezzo il tuo feedback, grazie mille! Anche a te e tua famiglia auguro tanta salute!
Healthiest financial takes on youtube
Thank you Adam, that means a lot!
By far! The only personal finances channel that I need.
Grazie Angelo. Always the most honest videos! Wishing you the best in this journey.
Great content!
very nice video, may God bless your child, i also loved the way you explain about how you think about life and everything, in the end
This is by far the best video you have ever made. Wishing the best of luck to y'all!
Thanks for such a great video. Definitely agree with everything you've said. Also I was surprised you are still having 70% savings and such low expenses.
Also I'd be interested to see how you manage to spend time with kids + work + mealprep, what is your daily routine
Thank you for this video and for all the infos you give 😊
Keep going, Angelo! Beyond the financial insights you share here, your approach to family and life in general is truly inspiring. 💪
I want to see your video in 1.3 years!
This is impressive, well done, congratulations!
Amazing content
Excellent content, thanks Angelo :)
Hello from your neighbours from Slovenia 😃 I’m 24 and living with my girlfriend. We are both still studying and doing student jobs on the side, but are thinking of having a baby next year 🙈 I am half year away from finishing masters degree while she has 1 whole year of studies left. Our monthly expenses are about 1000-1200€, but we are really luck to have parents who have no problem to cover some of that, so that we can focus more on investing and saving for the future😊
That's awesome, wishing you all the best with your baby project! 🐣
@@AngeloColomboFiThank you 💛
This is good one!
Super cool, Angelo! You are such a motivation!
That's impressive! Personal trainer, Italian tutoring session and cleaning lady just 142 per month? Here in Germany most trainers will charge around 400 a month (2 sessions per week) 😅
Another excellent video.
Thank you, Angelo.
In Portugal, with 2 salaries (mine and my wife's), you can live reasonably, putting something aside every month...
With 2 children, it is true that the costs have increased, but it is part of family life and we accept it well. :- )
Thank you Isaac!
Of course, kids are the best investment anyway :)
Thanks for sharing personal numbers. Few points, with your strategy you dont fix profit. This rally will end in near future with strong correction. So i would still use average 10 year growth in calculations and would not count this +21% as your money. I started to sell stocks very often due super expensive market even though im investing for long term and the goal similar to your. I live in Germany and with two kids we spend around 5k€. Your apartment cost is an exception, i dont know if you have two bedrooms, but the average cost in my case 1500-2000€ for 2 bedroom. So consider this as well. Realistically you would need maybe 5-10 years to reach your goal, which is fine. Journey is what makes us happy, not reaching goals. Wish you good luck! 😊
Wish you and your family all the best Angelo.
The same goes for you and your loved ones, Miri! 🙏
You are a super saver, Angelo 😅!
I live in Tyrol and I’ve heard that Vienna is much cheaper than where I live but I’m no where near to your monthly expenses 😂. And I thought I was good at saving!
2500€ per month still amazing!
Wish you and your family all the best!
As always thanks for your videos. They have helped my family tremendously!
Till this day, i still dont understand how you manage to pay such peanuts for housing man. Transportation I get, no cars, but paying under 800e for housing in europe for 3 people is remarkable. Happy for your family
Hi Angelo,
Thanks for another great video. I must admit your expenses seem quite low! Especially compared to Ireland!
I was wondering do you also contribute to a traditional 'pension' fund or is your investment going to act as your retirement savings also?
Also would you consider setting up a similar investment fund via trade republic for your daughter using any child benefit money from the Austrian government?
Keep up the good work,
Darragh
I also would like to be free to retire early…. I just wonder what I would do if I did! 😂 it is a intriguing question to ponder as I have built many friendships over the years through work. I think one would still need a community I.e. one would need to join clubs or charities in order to be exposed to new people. Yes I could have hobbies at home, but the Blue Zones studies show that feeling needed and a part of a community helps longevity.
What do you plan on doing Angelo? It would be interesting to record your thoughts now and compare what retirement for you guys really is like as and when it happens!
Having a community of likeminded people would definitely be important. Good question, I would still be working on something for sure, but it wouldn't matter if it made me money or not. If by then I still enjoy making videos (and AI hasn't ruined it all 😅), then I believe RUclips could remain part of that.
Hi Angelo, can you explain the advantages on buying Crypto with Bitvavo? I am interest on investing around 5% in Bitcoin, and if it´s not a big difference I would like to keep it in Trade Republic. Why did you do it different? Thanks
For us, the family of 2 (Amstrerdam, Netherlands):
3000 EUR - apartment + utilities
1500 EUR - groceries, restaurants
200 EUR - cleaning lady
500 EUR - tutors, phycology sessions
150 EUR - cosmetics
100 EUR - subscriptions
100 EUR - cat
72 EUR - mobile data
50 EUR - internet
90 EUR - bike rental
50 EUR - insurance (biggest part is paid by employer)
30 EUR - fees & other insurances
---------
Do not include any irregular costs as travel, clothing, cosmetologist, extra taxes, transportation, etc.
Honestly, having kids is extremely expensive here, trying to figure out how to manage it in the future.
Wow, it's impressive you're even able to cover all of that on a monthly basis! Thank you for sharing!
@@AngeloColomboFi salaries are good here as well, I should say. However life is more and more expensive every year, and you feel it.
@@AngeloColomboFi we are also trying to purchase an apartment, so I expect that our living cost will go a little bit down. But will see :)
@@alarud 1. living in amsterdam is expensive and not nessesary. You could downsize there. 2. 1500 for grocieries and restaurants? Insane. Cleaning lady.. cant clean yourself? why tutors? Why 150 for cosmetics? 100 for subscriptions is way over the top aswell. rest is understandable. I just see a huge lifestyle inflation on your side.
@@Cope_93 yes! we all have different lifestyles, I agree :) I like to live in a nice location and in a nice apartment, and cannot compromise this. Same for restaurants and groceries - the quality is important to me, and new experiences as well. It is all about priorities. And I perfectly fine with this spend, it is comfortable for me. The only complain I have is day care prices. Which should not be that expensive with the huge taxes we are paying.
Love your content
I live in Belgium and work in Netherlands, we receive child support from government. I put 1/3 into a simple saving account for expenses and the rest I invest for our daughter's future in ETFs on DeGiro
Our daughter is now 5 and I'm 43, we only started our FI journey 4 years ago and have a long way to go especially because I'm a single earner.
Every year I need to adjust our target slightly upwards because of the costs of sports activities, music activities, clothes, ...
people forget the investment value of having many childrens - they look at it as an expense, when it is an asset. Only it will take many years until you get your ROI, but literally forming a small group of new human beings that will become your loyal supporters and helpers in the future, and even enable you to enjoy an old age where you will not need to end up alone in an institution, is an incalculable benefit to you. and all it takes is a couple 100 extra euros every month. no brainer. You can even decrease the cost if you actually educate them yourself rather than sending them off to daycares and schools where the state does your job for you.
I love your channel so inspiring, im still very young and been following you for 2 years now. im also doing great with investing and your whole view on life and finances is so positive which i love. thanks for everything.
Thanks for this very detailed video. I wonder what you guys use to track the budget. Do you recommend a good app or the good ol' fashion Excel, although the latter might be a bit hard to work with?
It's incredible the price discrepancies for expenses compared with the UK...
Hi Anegelo, which app you use for buying Crypto?
1500 per la Casa in afitto
400 per la spesa (abbiamo un bambino)
47 internet e cellulari,
180 transporto,
29 assicurazione casa
50 speise varie,
Vivíamos adesso anche a Vienna
It’s funny that we portuguese rank so high in your viewers statistics considering we’re such a small country 😊😅
One more reason for us to come back to Portugal for a vacation sometime soon! :)
Until then, I'll have to enjoy whatever pastel de natas I can get my hands on here in Vienna!
@@AngeloColomboFiAhahaha. Spot on 😂
Devi pure considerare che se smetti di lavorare avrai più tempo per stare con tua figlia e non avrai più bisogno di portala al nido.
Una buona parte delle spese extra dei bambini sono causate dalla mancanza di tempo dei genitori.
Hi Angelo. First of all I would like to thank you for all your work and sharing all of your personal experience and details. Can you please also share which broker or brokers do you use to have your EFT investment? Do you only use one or several? Do you fell safe to have so much money in those brokers? Thanks and regards
Our monthly expenses are around 1600 euro here in Romania.. with 2 girls (9 and 12 years old ) but its hard as the inflation in RO is number one in UE at the moment and next year we expect big increases in taxes by the next government cause there is a big deficit like 8% in our PIB..so for Austria is not bad at all with your monthly expenses.
Thank you for sharing! I hope they don't go overboard with taxes in RO, as relatively low taxes were always a big selling point for the country. Yes, our comparatively low rent definitely helps a lot.
Thanks for your videos! If it’s possible could you please answer question which I’m trying to understand a lot of time already and could not find the answer - Does Interactive Brokers register fractional shares (less than 1 full share) with a central depository, or are they held internally within the brokerage? Additionally, if I buy two separate 0.5 shares over time, will the resulting full share be registered with a depository automatically, or does it remain within IBKR unless explicitly requested?
I am shocked with how little you spend in VIenna, congrats... I also thought the salaries in Austria were higher, though. In Lisbon for a room I pay 500€ and the normal price is 600€. I can say that my expenses are 2000€ on average (yes, big saving effort to be made)
Nevertheless, all the best for your family and thank you for the channel, it is the best!
Thanks for Sharing and I’m happy for you and your family 🙂
Bruder, wo wohnst du in Österreich?
Hey Angelo, as always - Great content! More or less on a FIRE trajectory in Ausria as well, but also enjoying our occupations :) Would you be able to share your thoughts / recommendation on your daughters private health insurance? 18€ / month seems like a steal, especially considering the doctors situation in Vienna.. thx & BR, Patrick
Keep in mind that kids get more expensive as they grow
Any plans to buy a house?
How can you rent such a nice place in a place like Vienna for that low rental price? Also you pay rent, how is the calculation regarding retirement not taking this into account? Would be very different if you would paying a mortgage.
At this age have you already paid off a house or will you rent? Surely you cant rent because you cant control the costs in the years to come?
Why are no taxes and health insurance payment calculated into the amount you need annually ?
I dont get it.
Once you rely on these assets to live, dividends and capital gains from stock selling are taxable income and you will need health insurance. Isnt it mandatory in Austria ?
At 6:47, do you know why do you have so many subscribers from Portugal?
With a population of just 10 million and located on the other side of the EU, this seems like a statistical anomaly.
I'm commenting from Portugal and really curious, because I cannot think of a reason.
Literacia financeira on reddit maybe? I am an expat in Portugal and to me the lack of financial literacy I witness outside of my home every day is absolute madness.
Probably, the amount of subscribers from Portugal are tired of portuguese RUclipsrs that prioritize to promote their business or their announcers.
Good question, I remember hearing some brokers mention that they're also surprised by how active Portuguese residents seem to be when it comes to investing. Regarding my own channel, it's possible that you guys simply tend to have a higher English proficiency compared to other EU countries on average, which is why you don't mind watching content in English instead of Portuguese.
VPN :) some people don't use their own country location
Yes, that could be a reason.
Many Portuguese are really good at English, both written and spoken.
Greetings from.... Portugal. :-)
Which health insurance did you take out for your child that only costs €18 in Austria? I'm looking for my kids right now
We picked Muki as private health insurance (Wahlarzt, no Sonderklasse). You can compare it here: angelo.fi/ins
Hi Angelo, we also leave in Austria and paying for phone (3 numbers) and internet in 1 contract with T-mobile EUR 90! And it is not a good contract :-( can you please advise which company you are using?
Also, which health insurance?
Thank you!
Not sure I'm following. As of 11/24, new total is 2.495€ / month. This translates to 29.940€ / year.
But then @5:45 you input the "annual expenses" as 25.524€ or "monthly expenses" as 2.127€. Did I miss something?
Side question Angelo, are you keeping you crypto on a cold wallet or did you keep it on bitvavo? Thanks for the great content, as a father of two I can relate everything you said.
I suggest transferring your crypto to a cold wallet. I got the Tangem cards.
How was it for you with the finances regarding kids (I'm still at the point figuring out if my future should be with or without kids.)
I appreciate all the feedback I can get about that topic. (:
Most if it is offline on a hardware wallet. My favorite is the Trezor Safe 3: angelo.fi/trezor
If you ever get a hardware wallet like a Trezor or Ledger for your crypto, make sure you only buy it directly from their official store and never used. My pleasure! :)
I can't imagine missing out on the experience of being a parent now that I've lived through it. It gave me a completely new perspective on life, more motivation for anything important that I need to do every day and makes me feel like the world is a much better place. Every single second I spend with my daughter is the best time I've ever spent in my life, it's hard to describe.
Back in January 2022 when we started our "baby project", I remember thinking if the world wasn't too crazy right now to have a kid and I'm so grateful we didn't wait. She's our best "investment" by far, nothing comes close :)
@@Edith864 from a financial point of view, my wife and I are teaching our kids the value of things. They are 9 and 6 but follow good habits to avoid waste, be happy with what they have. For sure life is more expensive than being alone but as Angelo explained, kids bring you a purpose in life. It is your best investment in life.
It’s actually amazing how much you were able to increase your expenses without really increasing your time to FI. Good old bitcoin!!
4% rule is probably conservative anyway. You’ll definitely sail passed that fi number in the coming years! Enjoy!
Warum sind keine Steuern und Krankenversicherungskosten in Deinen jährlichen Finanzielfrei Summe berücksichtigt ? Kurze Antwort wäre nett.
Interesting video and expenses analysis :) We live in Bratislava, family of 4, only apartments rental prices here for big family start with 1000-1100 eur minimum.... food - another 1000. Then private school and all the rest... Sounds like Bratislava is more expensive than Vienna🙄
Thank you! At least you pay way less in taxes and social insurance, so it's not all bad I guess 😅
And we're very lucky with our apartment, some of our friends pay almost double in rent for a similar sized apartment.
@AngeloColomboFi ok, that makes sense😀, I heard apartments are more expensive in Vienna.
@@F15UAдобре що виїхали взагалі
@@AngeloColomboFi It's better not to rely on the current apartment price, but rather keep in mind the current situation on the housing market
4.7% after updated research: "Bengen's new work says 4.7% is the new "SAFEMAX" withdrawal rate under poor conditions -- his word for the most someone can take the first year with a low probability of depleting their nest egg"
Can you please make some Video about Gold ETCs
Family is all it's about!
What about having couple years of ETFs that won't have so much gains?
will this impact your 4% rule?
For example if we have a '' lost decade'' in stocks does your plan is still valid?
Just curious - is your daughter growing up bilingual? :)
The 4% rule says that you can spend 4% of the portfolio in the first year and increase that amount by the inflation next years, AND it will last 30 years in the WORST case. That means, according to the Bengen's research, one can have 1$ left in the portfolio after 30 years, and that is still considered a positive case.
The perpetual withdrawal rate for FIRE now is close to 3.3% according to Tyler from portfoliocharts. This rate will remain the capital unchanged in the worst case including inflation.
That is, one can not rely on 4% rule for FIRE, since it was calculated for 30 year rolling periods.
25524 annual expenses after-tax ?
You need to add to that amount the tax and the health insurance for three and multiply with 25 ?
And then you have the correct amount you need ? Dont you think ?
Goverments should invest more into parents, like give people with kids way less taxes. The future of the world lies in making children. But births are decreasing, I dont understand why politicians can't see the problem.
I agree, there should be way more incentives for having kids
They do see it. But since locals don't want to have babies because of the economy, they try to "solve it" with immigration.
@@SchwarzeKatter This is obvious bs. People had kids in much more desperate times, in fact it's the opposite: The better educated and economically prosperous people are, the less kids they have. So having kids or rather not having them is purely a lifestyle choice for most - one that gets subsidised by people sacraficing for the future of their family, nation and in the end humanity.
@@AECH_CH I agree with you in the sense that the better educated are aspect, and nowadays we are more educated because of the easy access to information. And that's why people are having less kids, because they are seen as a liability. That's why the government's response to that is immigrations.
@@SchwarzeKatter In German we'd say "Wohlstandsverwahrlosung" to this. In fact the main focus of my financial journey will be to inform myself on how to not spoil my kids and not calibrate their "entitlement-meter". The less you're used to, the better for your happieness and gratefulness.
Don't plan on letting them hunger, but I'll make damn sure my kids don't see restaurants, overseas holidays and stuff until they are teens and have worked a sub min wage holiday job, so when I pay for their 50€ meal, they know "damn, I'd need to work 5h for this".
Nothing destroys wealth faster than entitlement, I've seen this within my close proximity. I have friends that blew Millions for nothing.
Have another kid 🎉
But dont you want to buy your own apartment ?
MR. Rip join the chat
Incredibly grateful every single day .... until they become teenagers. 🤣🤣🤣
You seem ready for the second child! 😅
kid is also an investment as they may get rich so you are automatically retired early :)
Perhaps our daughter should be our actual retirement plan and we should spend what we have so far 🤔
No more kids then?
We're happy with just one, but who knows, we might change our mind in a few years :)
@@AngeloColomboFi Dont think we. Think is SHE going to be happy being a lone child :)
She definitely enjoys all the attention she gets as a result of that! Plus she has tons of friends to play with, so a brother/sister is not needed for that reason. I was an only child as well and did ok :)
I heard this statement recently: "A child is born, a hardworking father is born too". Growing a child may seem as an extra cost, but I would say it is more like a stimulus for quiting your comfort zone and increase your income. And I would also say that just one kid isn't enough. 🚀
I spend 2500 euro a month alone 😱
In which country? And what is your largest expense?
@AngeloColomboFi rent , Germany
just hold bitcoin and you can afford 2 more kids
I don't think 4% is a realistic representation of your personal target to achieve FI. 4% rule talks about (not running out of money in) 30 year long retirement. Person in their 30s should probably be planning for 60 year retirement so withdrawal rate might need to be more conservative than 4%. I do understand that you might be using 4% as a simplification and also planning to earn at least some income the future. Maybe a topic for another video.
OMG, you need to be rich!
Well thank you, I'm already rich in every way that matters to me :)
Unless you’re a big shot CEO or willing to live on a poverty line you can never retire early in the west… the ever moving goalpost. Official inflation is one thing but the real inflation is another.
This is just not true, proven my 1000s of "normal" people that achieved exactly what you claim is impossible. In fact: Most rich people don't stop working once they're rich, making them even richer...
I dont think it ruined your retirement plans but it definitely ruined your wife's body. She does not look the same,which is normal I guess.men dont appreciate enough the sacrifice women make when giving a birth
I don't know what this comment ads to anything. Dude literally busting his ass off to retire early with his wife, what should he do more? You see any sign of him not appreciating the mother of his children? This comment is kinda inappropriate under this video.
My wife is in the best shape of her life right now and has never felt better, so I'm not sure what you're referring to 😅
Of course I appreciate everything she has gone through, more than you can imagine. She's the best mom and wife I could have ever wished for :)
@@AECH_CHI agree ..super odd comment.
are you also that rude in the real life?... oh my
Where did you see his wife?
Too late to pull it off.