What Would You Do With 1 Million Euros?

what would you do with 1 million

Last week I read a fantastic blog post published by Mr. RIP from Italy, titled what would you do with 1 million euros.

Apparently this post began last month in the UK FIRE community, where people would run a thought experiment with the following question:

What would you if you got given £1 Million?

Since I’m in continental Europe, I will take up the challenge in euros instead of pounds. In the end, I don’t think it makes a difference anyway.

The article by Mr. RIP was very well written. My mind isn’t that clear yet on this topic, that’s why decided to participate in the experiment, and post in this new category Thoughts on Tuesday. Writing helps me to structure thoughts, so please find below my answer to the question “What would you do if you got given €1 million?”

Read moreWhat Would You Do With 1 Million Euros?

Emergency Fund Examples in Action

emergency fund

Common wisdom in the personal finance world is to have at least 3/4/5/6/9/12 months of expenses in an emergency fund. The money in this fund is used as a cash buffer, not to be invested but to be ready when something bad happens to you. In general, this is really good advice. But for the die-hard FIRE people, do you really need an emergency fund? Check out my emergency fund examples here.  

Read moreEmergency Fund Examples in Action

How I Analyse: My Personal Finance Dashboards

personal finance dashboard

To measure is to know, also in the personal finance world. Tracking your income and expenses, investments and net worth should become a standard for individuals striving to reach financial independence. I have a set of personal finance dashboards that I use to keep on top of my finances. Do you too?

Read moreHow I Analyse: My Personal Finance Dashboards