34M, first yearly update, IT Consultant

Hello! Since everyone seems to be doing this, here’s my first yearly update (with some numbers of the previous years). I hope you guys find this useful!

End of 2023 (33)

  • IT Consultant (freelance) - 11 years of total experience (3 freelance)
  • Day rate: €600, revenue of €142.000 (2000 personal salary)
  • Living at home (estimated on 550K)
    • Outstanding loan: 91K (mortage €880)
  • Net worth (excluding house): €77K
    • (emergency) Savings: €25K (KBC)
    • Investments: €52K (60% IWDA + stocks, 2K Crypto, 10K pensioensparen)
  • Fire goal: not sure. Just starting out.

End of 2024 (34)

  • IT Consultant (freelance) - 12 years of total experience (4 freelance)
  • Day rate: €640, revenue of €155.000 (2200 personal salary)
  • Living at home (estimated on 600K)
    • Outstanding loan: 80K (mortage €880)
  • Net worth (excluding house): €142K
    • (emergency) Savings: 10K (MeDirect)
    • Investments: 132K (90% SWRD IE00BFY0GT14 + stocks)
    • Sold crypto, stopped pensioensparen
  • Fire goal: CoastFIRE OR BaristaFIRE. At this moment the goal in my head is €1M before age 52.

Reflections on 2024

Day rate is not the highest, but i'm very happy with it. It's been renewed for an indefinite period. Of course when I can grow to +800/day, this will do a lot (so always looking for better positions).

I moved from individual stocks (with negativ returns) to SWRD (0,12% TER) > so far so good. I think i'm sticking with SWRD without adding emergin markets. I've invested more than my goal, so i'm happy.

Goals for 2025

  • Day rate should be increased to €670. With some extra holidays I aim at a revenue of €150K.
  • Limit my spending (both personal as on the company) - i'm addicted to technology :). I'm using ActualBudget to track my spending.
  • Keep investing in SWRD, €325/month + dividends (about €55K). The goals in 200K SWRD if the market is ok, but i'm a bit afraid.
  • Limit my spending :)
  • Looking for a second income stream. Hope to start up some kind of webshop with a colleague.
  • Meet with the notary to better arrange the inheritance (from my parents).

Please share all thoughts and tips to keep improving!