How to Retire Even Earlier
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- Опубліковано 1 лис 2023
- 🇪🇺 Best broker in Europe (ETFs): angelo.fi/broker
While the Financial Independence Retire Early movement is a lot more popular in the US, you can reach early retirement in Europe as well!
Today I'll show you how to speed up your own journey towards financial independence based on my experience working on this goal for the past 7 years and the surprising lessons I learned from friends who managed to retire in their 30s already.
My Favorite Brokers (ETFs & Stocks):
🇪🇺 Interactive Brokers: angelo.fi/ibkr
🇪🇺 Trade Republic (4% interest p.a.): angelo.fi/trep
🇩🇪🇦🇹 Easiest for Germany & Austria: angelo.fi/etfs
👉 Compare ETFs & Stocks: angelo.fi/comp
My Top 3 Investments in P2P Lending:
📌 Mintos (50€ bonus): angelo.fi/mintos
📌 Esketit (0.5% bonus): angelo.fi/esketit
📌 Income (1% bonus): angelo.fi/income
💰 All P2P deals & conditions: angelo.fi/all
Where I Buy Crypto (Bitcoin & Ethereum):
⚡ Bitvavo (10€ bonus): angelo.fi/bit
📈 I track my ETFs here: angelo.fi/getq
🏠 All my investments & accounts: angelo.fi/tools
🎥 Videos you need to watch next:
• Why the first 100.000€...
• How to Retire Early in...
• Retire Early in Europe...
• ETF Investing in Europe
Our main ETF: Vanguard FTSE All-World Accumulating (ISIN: IE00BK5BQT80, Ticker: VWCE)
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Some of the links are affiliate links, which help support me and the UA-cam channel. Still, none of the links are sponsored.
Disclaimer: I am only sharing my own experience. I'm not a financial advisor and you should always do your own research and due diligence before investing. Investing involves risk of losses.
What is your savings rate right now? :)
🇪🇺Interactive Brokers (ETFs): angelo.fi/ibkr
🇪🇺ETFs, bonds + 4% interest: angelo.fi/trep
👉Compare ETFs: angelo.fi/comp
📌Mintos (P2P): angelo.fi/min
📌Esketit (P2P): angelo.fi/esk
📌Income (P2P): angelo.fi/inc
🏠Current P2P Deals: angelo.fi/p2p
⚡Where I buy Crypto: angelo.fi/bit
📈I track my ETFs here: angelo.fi/getq
🇦🇹🇩🇪Germany & Austria only (ETFs): angelo.fi/atde
Hey Angelo 🙂
In Germany, 100,000 euros are protected per bank. Aren't you worried that this amount is much higher on your accounts? What can be done if the amount is more than what the bank protects? 🤔
You always manage to upload interesting and informative topics and videos. Truly my favorite finance channel. Thank you and keep up the good work.
Thank you for saying that, it means a lot! The tip really wasn't necessary, I feel like I'm already getting back plenty from all of you! :) But thank you so much for the kind gesture, I feel very lucky.
@@AngeloColomboFi 💯
Hello from Belgium. I saved around 65% for 8 years and reached the "theoretical" FI point.
I retired from my corporate job two years ago and am happily working as a freelance. As with other FI people, the freelance work covers my expenses and some. But I have no regret dedicating my late 30s' to early 40s' on the FI journey.
Now, I shifted my focus from the pure "save & invest" mode to more on how to spend time and money wisely. All in all, it's great to be FI :)
That's fantastic, congrats! 🥂
Over 50% savings rate per month is a big challenge if you do not already own a house, since if most cases over 40% of the income goes to the rent
Sure, it depends on rent prices where you live, but it should be a bit easier if you're living with a partner that's paying half of it for example.
Thank you for yet another video! Very much appreciated 🙏🏻🙌🏻
Thank you yet again Willem! 🙏
Great video, Angelo! My savings rate is currently at 50%. Thanks for the valuable tips!
Thank you! Nice, 50% is great! 🥂
Hi Angelo,
I´ve just found your channel and it is ground breaking, with all the information I needed to actually start investing and understanding a bit what I am doing, so thanks a lot for that!
Now, with your "retire early" videos you actually made me question myself and think about that as a possible goal! Just was interested in knowing what are the reason behind not thinking about buying a house, and insted rent and calculate your goal on that, since my thought was always to buy a place.
Thanks again for your content!! Is really usefull!!
Hi Maria, hearing that makes me very happy! Thank you for taking the time to let me know! 🙏
Around 65% due to a significant increase in monthly family income in the past 2 years. I never linked the idea of working solely for money, like I never liked the idea of working fixed 8-9 hours chunks of time and having to arrange my personal life only when “allowed”. So, while I would still be working even if I would have enough money to not being forced to do it, I would probably pursue a part-time at first and maybe a small business after a while.
Sounds like you and I share a similar mindset on this, thanks for sharing!
Thanks for the great video as always! Always to the point.
In Belgium they upgraded the stock exchange tax from VWCE from 0,12 to 1,32%. Would this make you change from VWCE to IWDA or SPDR?
My pleasure! Since that's a significant difference, I would pick the SPDR MSCI ACWI IMI ETF instead of VWCE.
Hello Angelo would you make another video together with Bernhard Hummel? Discussing your portfolios and sharing your latest experience with P2P and investing in general... I really enjoyed those videos.
He's spending so much time in Spain lately that I barely get to see him 😅
But good idea, I'll tell him about it!
Hi Angelo - I am wondering if you are planning to make a video on investing in bonds in Europe. Thanks!
Hi Kateryna, I shortly mentioned bonds in this one: ua-cam.com/video/kjof8klveqc/v-deo.html
But I'll see if a separate video makes sense
Did you bought all your ETF’s at the same platform? I mean under the same account. I know you prefer IBKR, but their fund protection is only up to 20k€ as far as I know. If you have more there do not you feel risky? Thanks for the answer!
@AngeloColomboFi please make a video about omnibus accounts and most important if we are the owners of shares and how safe we are in online brokers. For example recently i founded that even at trade republic we are not the owner of shares.
Great video as usual!
Now, hear me out Angelo: Movember buddy. That's gonna skyrocket your views, a solid Italian moustache. Think about it 😃
Thank you! 🥂
Haha, as much fun as that would be, it wouldn't sit well with my wife, so I'll have to pass 😅
Angelo, are you considering in doing a Q&A anytime soon?
My savings rate is exactly 50%, but now I live in Paris which is super expensive, before with a lower salary I'd save 65%. Next year I'm aiming to move in order to save more money in a cheaper city.
Not at the moment, but I'll think about it :) Was there anything specific you wanted to ask me?
50% in Paris is impressive! 🥂
@@AngeloColomboFi Hello Angelo, I wanted to know for the FTSE ETF you buy it directly from vanguard? or you use another platform like TR to buy en equivalent?. I'm asking because I want to buy VOO from vanguard, but I'm in france and due to regulations I can't (think is the same for EU countries) thank you in advance!
Is there any discord server for people with the same goal and similar knowledge?
Once reaching the goal with VWCE, what would be the next step? Changing the portifolio to a dividend focused or selling VWCE every month? Thank you for the videos!
I would just sell some VWCE shares instead, since that's a lot more tax-efficient and fees are so low nowadays: ua-cam.com/video/b_TXq9H8prQ/v-deo.html
The difference of doing something that you want when you FIRE is that you will probably not go for a 40h/week ideal job anyway, the advantage is that you will do it but at your own pace that is the key difference in my eyes! Either way I believe most and best FIREs are Barista/Coast ones ( no need for a small pot but if you keep working it will cover your expenses anyway )
True! Yes, I like the Barista/CoastFIRE mentality as well.
Can you elaborate on that? Do you mean working as a barista would be the best to reach FIRE?
Hey Angelo, as well another super interesting video. I have a question. I am a Masters Aeronautical Engineering Student, currently in my final year. In order to complete my studies I have a 6 K euro debt, that I am going to pay when I start working. I plan to start earning around 2 to 2.5 K euros on a monthly basis. Should I start already paying the debt or should I invest the money in my ETF of choice and pay a smaller amount of the debt each month? Keep in mind that the debt has 0% interest rate.
Thank you Pedro! Not financial advice, but in my opinion at 0% interest I think you can take your time. Right now you're getting 4% interest p.a. with a 100k deposit guarantee on Trade Republic: angelo.fi/tr
So one option (for peace of mind) could be to just accumulate up to 6k in cash there and enjoy the interest (240€/year on 6k) until you need to pay it back.
Retire early in western europe is actually easier, compared to US. Especially if you have children. Healthcare and educations are extremely expensive in US, yet these are very affordable in Europe. Living expense is also cheaper in Europe.
Finally a positive perspective, thank you for that! True, each country has its pro & cons :)
hello Angelo, thank you for another great video. I have a question: do you know what is the maximum amount of money that we can withdraw from trade republic with our non invested money (4% interest rate)? thank you.
My pleasure! You can deposit and withdraw as much uninvested money as you want anytime on Trade Republic! There are no limits and there is no lock-in :)
@@AngeloColomboFi thank you for your taking the time to answer. it was just case I had to make an important purchase if it would be like a bank where you have a withdrawal limit. Trade republic is the best platform out there.
Would you recomend switching from InteractiveBrokers to Trade republic for German investor or should i stick with InteractiveBrokers? Also i would love to see a video about taxes in germany and how to optimize them if you are familiar with this tema. Keep up the good work!
As a German resident it will most likely make your tax life quite a bit easier, since Trade Republic will take care of taxes for you.
As far as optimizing taxes in Germany is concerned, sadly I'm the wrong person to ask (based in Austria).
Ty so much for answer.What is your code for Trade Republic because i would like to use it for registration@@AngeloColomboFi
Unfortunately my referral code ANGELO20 only works if you're based in Austria like me, but you'll still be tracked as referred by me if you used my link to sign up :)
Hi hi, I am just about to start om this journey and I have a question for you. I have saved up 10k (apart from emergency fund etc.) so far and want to start investing in global etf's. Your vids helped out a lot to choose the ETF's!
The question I have: Would you directly invest all the money at once or spread it out over a few years to lower risk?
This video might help: ua-cam.com/video/yOWAhL6MFF8/v-deo.html
Statistically you're better off investing it all at once, but if you feel uncertain about the time being right etc. you could split the amount into 3-6 chunks and invest each chunk at the start of the next 3-6 months (not years).
@@AngeloColomboFi Thank you for your help! You're doing a great job!!
Thanks for video. What site do show for When can I retire ?
You're very welcome! networthify.com/calculator/earlyretirement?
Can you do a video where you explain how the calculator on netwothify works?@@AngeloColomboFi
My current saving rate is about 50%, we have 2 children but we could certainly save more if we wanted. I like my work, but i would like to do it in a more free manner, without the pressure coming from assigned tasks. I would like to retire at a max age of 55, when I will try to travel as much as possible in a cheap way.
A 50% SR with two kids is impressive! Thank you for sharing!
I am about to retire , I haven’t worked for other people for 20 years and I now have sold my apartment investment , I’m looking to invest it in eft for a continuing income in 3 years .
For the next 10 years I would like to travel , with my partner , and sometimes with my kids . I’m
Not interested in sitting in beaches , but am intersted in towns cities and countryside .
I would also like to write a book and help sad dads who are divorcing.
That sounds lovely, thank you for sharing!
Great video, i am now at 30%ish 😅, but will increase to 50% in a few months after paying off some debt and free up some cash. Started a business on my own and plan to make it work and increase the savings even more. If the business works well, then this will be my FI and not the savings 😊
Thank you for sharing, that sounds great! Wishing you all the best with your business venture! 🥂
Hi Angelo, so you don’t have a mortgage, if I understand correctly? You have then, prioritised investing your money in ETFs vs. giving the bank a down payment to buy a property?
Yes, we prefer the flexibility of renting and investing most of our monthly savings in ETFs instead
Bonjour angelo. Merci pour ces conseils. Malheuresement, malgré tout nos efforts nous n'arrivons pas à épargner plus de 25 % de nos revenus. Nous avons 2 enfants, des animaux et ... une maison dans le sud de la France (qui nous coûte cher 😢). Notre but n'est pas une retraite anticipée mais une bonne retraite. Nous espérons y arriver
My french is a bit rusty, luckily UA-cam translated your comment for me 😅
My pleasure! Sounds like a lovely life you created for yourselves, and being able to still save 25% of your income with all of that is not bad at all :) Thank you for sharing that!
@@AngeloColomboFi thank you very much 😉
Dear Angelo, I'm on the same investing wavelength as you. I am also investing in VWCE with a TER of 0.22%. However, the truth is that VWCE (0.22%)= 90% of VGVF (Vanguard FTSE Developed World 0.12%) plus 10% of VFEA (Vanguard FTSE Emerging Markets 0.22%) which gives a resulting TER of 0.13% for the same portfolio.
Have you considered this alternative to cut costs? What is your opinion? Fingers crossed on achieving your goals, Julius from neighbouring Slovakia.
I think you're unnecessarily over-complicating your portfolio in search for peanuts in savings.
When you factor in the extra costs for buying a second ETF, taxes for rebalancing and the extra effort, it's likely not worth it in my opinion.
Also if you look at the historical tracking differences instead of the fees, the difference is even smaller (0,065%, with a 90/10 split):
.www.trackingdifferences.com/ETF/ISIN/IE00B3RBWM25
-0,02 TD
www.trackingdifferences.com/ETF/ISIN/IE00BKX55T58
-0,10 TD
www.trackingdifferences.com/ETF/ISIN/IE00B3VVMM84
+0,25 TD
I chose the distributing versions for this comparison since they go back further in time. Also, I'm sure Vanguard will lower the TER of VWCE in the not too distant future.
Thank you, all the best for your goals as well! 🙏
Hello Angelo,
thank you for the insight from a different angle. Your conclusions are very rational and I take a lesson from them. BTW my savings rate with my wife is 40% and personally I consider myself a frugal person.
If you think about the themes of your videos, perhaps a reflection on "how much wealth is enough" might be in order. Once again, my fingers are crossed for you.@@AngeloColomboFi
❤
Currently about to save only 20% and now my mortgage fixed rate is coming to an end and I am doomed. Single earner in the family . Already cut expenses a lot since a couple of years and now back to square one. I wash there was some way out.
Thank you for sharing that. I'm sorry you're going through a rough time right now :/
The high rates are crushing a lot of people's finances right now, I hope they'll drop again soon.
@@AngeloColomboFi thanks Angelo. Should I ask them for a fixed rate for the remaining years or should I got with a variable. Btw keep up the good work and I am a subscriber.
Is there any way to take a variable rate right now and switch to fixed in a year or so when interest rates have hopefully come down a bit? Otherwise you might lock in a very high rate right now. Not financial advice of course, just my personal opinion :)
So if I move back to my parents.. live like a monk for 4 years, I am getting my salary for free for life? :) Sounds too good. What interest and withdrawal % are used?
Found Mr mustache article. He used 5% over inflation for gain and flexible 4% for withdrawal. But the calculation is such that you continue to spend the same as when you were saving, so in my case continue like a monk forever :)
75% this year
That's amazing, congrats! 🥂
Hello, your content helps me alot because im a new investor and i want to thank you. I also want to say that it could be very helpful a video on what information we need to look for and the consequences when we are chosing a stock or an ETF i think it could help us. Thank you again for your time and information.
i forgot to type "and what we need to take in account "
Thank you! This playlist should contain useful videos to answer some of your questions on ETFs: ua-cam.com/play/PL2GR89pe9acG7PaK-9aXmnXi-43YtfYoK.html
Thank you so much!!!!@@AngeloColomboFi
50% but on how much €?
Your savings rate is calculated based on your own income & expenses, so you're the only one who knows the amount in €. Eg. 3k income - 1,5k expenses = 50% savings rate per month
Hi Angelo, amazing videos. My name is gianmauro pozzovivo (i am italian) and i live also in Vienna. Could we please get in touch since i am looking for a good tax advisor? Maybe you can help me. Many thanks
Thank you! Not sure I can help with that, but I'm happy to send you some info on how ETF taxes work in Austria if that's something you're wondering about. You can send me an email here if you like: angelo.fi/mail
@@AngeloColomboFi thanks a lot, very appreciated. I will send you my email. Please keep going your video, they are simply amazing and helpful
~45% plus reinvesting Dividends
Nice, thanks for sharing!
Hi @angelocolomboFi
First of all many thanks for your work.
What is your thoughs on Bondora Go&Grow at the moment?
Hi Andrea, now that you can get 4% interest with a deposit guarantee at Trade Republic with instant liquidity, I see no reason to take on significantly more risk to potentially get an extra 2,75% p.a. on a limited amount of money on Go & Grow: ua-cam.com/video/kjof8klveqc/v-deo.html
Answer: Do business
Step 1: Leave Europe.....
Where would you go and what would you do for work?
@@AngeloColomboFi For money North America. For happynes South America.
Working in IT
@@ac9313programmer / developer?
Lmao. North America, every 3rd step you risk being shot. South America, every 3rd step you risk being robbed.
Best is to move to Eastern Europe.