The Month of May was amazing as I started out for the 2nd time Alot has happened for me.. I had a total of 1592 euro/1769 dollar invested by the end of may in a good starting base consisting of real good quality companies. Naming them in short
VOD O KMI KO V AVA OHI UL T BNS BBL GE MSFT EMR AFL ADM WFC WPC TROW TIS DE GILD SBUX

Would you think its a nice base to start out?I might not get big dividends as the money invested isnt much but its all about diversifying and getting those dividend checks EVERY month is really awesome.

I will write all my income expenses reports to have it on record and for public view for everyone to see how I as a young millenial with even a small family which consist of a girlfriend of age 22 and a son of age 3 in the household can achieve financial independence way before my 45th birthday.

I just want to prove to the world that a young father at the age of 26 with a low taxi salary can be financially independent within 20 years by investing about 1000 euro/1200 dollar a month. My aim is 45 to be free of my chains of working and spending all my time with my girlfriend and son by traveling over the world. There’s just so much to see and so little time.

By living a frugal lifestyle I’m able to cope with the 1000 euro a month that I’m gonna be making starting in January May 2015 as I do need to save some money for some future planned expenses.

So each month I will update the Income & Expenses for the previous month so this update will contain the month of April 2015.  I am tracking every euro of what comes in and what goes out, so what you see is exactly what I have earned and spent (rounded to the nearest dollar). As this blog is international ill just keep it in US dollar and use the currency calculator on google using the term “euro to usdollar”

 

Income From May 2015:
Salary Income	$1779
Other Income	$1493
Tax Authority	$289
Total Income	$3561
Expenses From May 2015:
Mortgage + Utilities	$964
Auto	$484
Student Loans	$53
Insurances	$144
Gifts	$17
Everything Else	$162
Total Expenses	$1824

 

Income

This is now my fifth income/expenses report that I’ am posting here.. it does seem a bit awkward by just sending it out to the world for public view, but I am for real and want to spread my word across the globe through the internet. The word that wealth can be made by those like me that have a low salary income and by living a frugal lifestyle, just by investing all the leftover money in high quality dividend growth stocks for early retirement.

The salary that I received this month was about average being at 1601 euros.
I dont need a high income to be FI.. probably arround 1200-1500 dollar a month would be just fine for me. Everything above that will give us holidays to foreign countrys. By the time we are FI I will sell my appartment for probably arround 150.000 euro’s which will give us another dividend income boost. We will by the time we reach FI arround the year 2030-2035 be visiting alot of foreign country’s starting out in europe.

The month of May was good as I was invested in 23 Quality Dividend Growth Stocks.

The Tax Authority consists of $289 as they are paying the rent of my mortgage. $292 was received from my partner to help with the bills she wants to help me getting us to Financial Independence earlier. Received some extra aswell because I payed some stuff for her brother earlier in the month. She donates it to me monthly from now on speed up our process.

Still getting too much from the tax department/Tax Authority every month so that goes towards my savings account. That once they come to reclaim the money that they’ve send too much then I’ve got it set nicely aside. Without ofcourse paying any interest! for a year.

Refund was added to my balance from a part that was broken when I bought it $58 that is.

Holiday money was send to my way by the employer.. We get around $1143 yearly in May.. not much but it helps us a bit.

 

Expenses

Mortgage and utilities consist of :

$554 mortgage     $39 cable tv/internet     $142 electricity/gas      $128 VVE for homeowners association 78$ town taxes for usage of sewers and pipes. Phone bill was $23

Car

My car was not used that much as I was alot on my bike.. we had great weather in the month of May.. I had 2 weeks off in that month aswell so didnt need to go to my job that much.
11$ was used to fill the tank a bit.

Studentloan
The student loan I have with the interest percentage 1.5% will be payed with this amount of $53 for a while until its payed off… no reason to higher the monthly payment because of the low interestrate.

 

Gifts

Went with my son on the bike to the Mcdonalds gave him a happy meal and some extra’s.
Behold!!

Insurances
Life insurance 2$
Household insurance 14$
Car insurance 36$ Last month
Funeral insurance 11$
Healthcare insurance 117$

The Everything else

Had to pay 28$ roadtaxes to the state so the car can drive.
Dentist costs 160$
Bankaccount related costs 2$
Computerpart costs of 113$
Oud Valkeveen entrance tickets 22$

 

 

Savings

This last month of April 2015 I have managed to save 49% of my income. Could have saved % more if I Wasnt a nucklehead and sticked to my goal of investing in high quality dividend growth stocks. But it was also because of dentist costs.

The savings goal I have for this year 2015 will be 60% a month of my total net income. Might not make as I started out bad this year. But I keep optimistic for the rest of the year as I have done a terrific job for myself to save a lot to start out my forest full with seeds.

Now on to Income/Expenses of June!

 

Was May good for you?