Mr. F.I.inRO Job: Software Engineer
Likes: Investments, PC Games
Mrs. F.I.inRO Job: Ex- Pharmacist, Junior SW-Tester
Likes: Traveling, Reading
Dislikes: me nagging her
Miss. Kid Job: Active Toddler that goes to kindergarten
Likes: Ice-Cream, Food
Dislikes: Not listening to her
At the moment you are reading this page, you are probably familiar with the term of Financial Independence, or the acronym FIRE (Financial Independence, Retire Early). The concept is out there since a long time ago and probably most of you are already on this path.
For the ones that don’t know the concept behind this ( as I expect this blog to be read also by my friends), the way I understand it: to have a portfolio strong enough to generate a passive income ( you don’t need to spend more than 1-2h per week to manage it) so you don’t have to go to your job. It gives you enough to live with, ideally more so the portfolio constantly grows. With your free time, you can stay with your kids, you can pursue your hobby, start a business, or whatever you enjoy (play video games will definitely be on my list).
The purpose of this blog will be to document our trip to financial independence in a way that will have many advantages for us and I hope for you also. So following this, this are some points in favor of this blog:
- documenting this progression will keep us motivated to the end goal
- it will help me with the train of toughs and all the study I make before choosing a new asset to invest in
- I am betting on the fact that a community will be built around this page and we can discuss my decisions- I am open to it (and I will appreciate any feedback I will receive)
- demonstrate that F.I. can be achieved, by making public my portfolio and investments (we will be able to see the growth from the starting sum to the end results)
In creating this blog I was inspired by others who did the same and some of them achieved financial independence (I will write some down: financialsamurai, moneymoustache, laurentiumihai, stiintabanilor). All of them are educational and financial blogs/mentors.
Until now, I used multiple times the attribution of ‘ours’. I think it’s time to tell you a bit about ‘us’.
We are husband and wife, happily married, having a wonderful 2 years baby-girl. I am working as a software engineer and my wife is working in the pharmaceutical industry. As you would expect we are in the middle class, but this only means that our expenses are also in the middle class. We don’t struggle with money but we are not lavishing. My salary is the single income we can count on, as my wife is still in the ‘learning’ phase of her career and she has a modest income.
We are both in our 30s so we still have some years till retirement.
The blog structure
I like doing plans, so I planned this blog (not just the content, also the appearance). I created different categories for each type of investment I have (at the moment – or plan to have in the close future) and also there is also the Portfolio category (where I will write a new page that brings you updates of the current status). The sketch contains the following categories:
- Real Estate
- Other Investments (like Crypto, State Bonds)
New categories will be added if I will buy other assets. For example I am thinking in the near future (mid year 2020) to invest in ETFs and for this I will allocate a big section.
I am not a financial consultant, all the information you find here are my decisions, I taken in that moment, on my own analysis. I am open to any type of discussion about money. If you want to replicate my portfolio take into consideration that it is your money.
I have to add another specification: the welcome page is written 14.01.2020, but I will have other pages that are written in the future, but I will date them in the past. The reason I do this is because I want to give a real impression of the progress of our portfolio and I have the old data and the argumentation of the decisions. I will post them with a ‘past’ date to create a real timeline to the evolution.