Hi Forum,
long time lurker since a while, heard about ER / FIRE 5 years ago.
Originally from Germany, moved to Switzerland >10 years ago, all together with my DW (41yo, too). Focussing on our jobs, friends, amazing vacations and no children but pets as a substitute (), which was great so far.
But for the first one at least myself is now in a situation where I get paid a good amount of money, but the fun is lacking since >three years. I´m feeling exhausted about w*rk and don´t believe this feeling would be gone just by switching jobs. Not to mention that it won't be easy to get a similar salary elsewhere, since the current one was clearly (even though "deserved") by being "in the right place at the right time.", four years ago.
Therefore I´d try to stay a couple of years longer, as this shortens the time until finally getting FI. Plan is to RE way before 2030 - not sure if this is going to be realistic, but hey, a man needs a plan
Net worth target: 3.0m CHF (when moving back to GER) - 4.6m CHF (when staying in CH)
Expected yearly spend: 108k (GER) - 160k (CH)
Current yearly spend: 135k + separate taxes on salary
Cola´d state pension (available in 2047) current value: 27.6k
Combined Gross Income: 550k CHF
Current state:
Cash: 160k
Stocks: 390k
2nd pillar (similar to 401k, I believe): 1.1m
Appartment 1.7m, 350k CHF paid, 1.35m open with a fixed mortgage of 2.2% for another 12 years. Due to CH´s tax system, the plan is to reduce the mortgage to 65% but not more.
Total: 2.0m CHF
Networth increase over the previous years and including 2023 so far: 136k (2019), 357k (2020), 373k (2021), 60k (2022, what a year!), 292k (2023 so far).
I will use this thread to provide quarterly updates, and answer any question
long time lurker since a while, heard about ER / FIRE 5 years ago.
Originally from Germany, moved to Switzerland >10 years ago, all together with my DW (41yo, too). Focussing on our jobs, friends, amazing vacations and no children but pets as a substitute (), which was great so far.
But for the first one at least myself is now in a situation where I get paid a good amount of money, but the fun is lacking since >three years. I´m feeling exhausted about w*rk and don´t believe this feeling would be gone just by switching jobs. Not to mention that it won't be easy to get a similar salary elsewhere, since the current one was clearly (even though "deserved") by being "in the right place at the right time.", four years ago.
Therefore I´d try to stay a couple of years longer, as this shortens the time until finally getting FI. Plan is to RE way before 2030 - not sure if this is going to be realistic, but hey, a man needs a plan
Net worth target: 3.0m CHF (when moving back to GER) - 4.6m CHF (when staying in CH)
Expected yearly spend: 108k (GER) - 160k (CH)
Current yearly spend: 135k + separate taxes on salary
Cola´d state pension (available in 2047) current value: 27.6k
Combined Gross Income: 550k CHF
Current state:
Cash: 160k
Stocks: 390k
2nd pillar (similar to 401k, I believe): 1.1m
Appartment 1.7m, 350k CHF paid, 1.35m open with a fixed mortgage of 2.2% for another 12 years. Due to CH´s tax system, the plan is to reduce the mortgage to 65% but not more.
Total: 2.0m CHF
Networth increase over the previous years and including 2023 so far: 136k (2019), 357k (2020), 373k (2021), 60k (2022, what a year!), 292k (2023 so far).
I will use this thread to provide quarterly updates, and answer any question
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