I have earned more than €7 million in 5 years’ time. My carpe diem mentality (and distrust of financial markets) has incentivized me to enjoy it now – by investing it in friendships and purchasing gadgets I like – and turn it into a long-term financial safety net by investing in the hobbies I could make a living with. I have spent more than that €7 million in that same period of time.
I must say that I’m a bit heart broken to find out how much I can earn, in this way. I usually end my month with about the same amount of money that was on it the previous month, so it was very unnoticeable how much has come in over time. Please know that that €7 million+ is not my net worth (because spending €1 million on food is not an asset? It just vanishes into thin air x_x. But my belly is filled 🙂 ).
Until I asked myself what my personal revenue has been over a few years’ time, just a few days ago, while properly doing my book keeping for this year’s first quarter, I had not been aware of this.
If I knew this 5 years ago, I would have spent it veryyy differently. (I really thought that I was poor, in terms of income. I still am, in comparison to my parents and how much I can currently spend (less than €5).)
How I Earned It?
The number is a bit blown up, for it includes traffic from and to my savings account. The exact number, I’m still making a database for calculation for. My other savings accounts also still need to be included.
By delivering informal services (tutoring & bookkeeping), short contract jobs (Albert Heijn & ANWB), by having generous grandparents, by sometimes being paid back for treating someone, by having a lot of people celebrating my birthday with me and by my parents paying me back for household expenses and (occasionally) for other general expenses.
Why I Have Spent More Than I Earned?
- Because new things make me happy and give me a fun occupation of time (going somewhere to buy it/using the internet for something else than gaining knowledge). I keep spending, even now that I don’t have an income, until I hit my payment account’s limit of €500.
- Because the Dutch tax system is awful (it should be abolished and replaced).
- Because the Dutch health care system is awful (it should be abolished and replaced).
- Because I travel (long distances) often, but don’t have a car.
- Because most of that income comes from compensation for household purchases, and those are not always paid back in full. (Let’s say I go for gas and and buy groceries with a total of €113.15, I get paid back €110.-. It goes against my principles to hold a discussion over €3.15, and “but you’re part of this household too” is often an argument to let me pay.)
- I have not always asked for my money back. Because I tend to treat people, even when I don’t have the money for it, and other reasons. (Buying groceries, treating drinks, buying presents, treating restaurant dinners.)
- Because I do not believe in banks and gambling on the stock market.
I’ve also never claimed any inheritances or obtained anything from sold family property, while I should have been considered entitled to it.
The fact that I’m currently in debt (in theory only my personal bank account debt of €495.95, my study loan of about €15,000.- (and I still don’t have a PhD x_x)), former business account debt of €73.31 and a discutable rental car fine of €1,650.20) forces me to change the way I go about my money.
I want to earn at least the same, within the coming five years. This time preferably faster, so that I can use it to build a house (on my corporate island, which will be shared with partner citizens).
- I will not buy anything for anyone anymore (until I earn more than I spend). This includes travel expenses for visits, cooking expenses (I believe that I should even be paid for the act of cooking itself, and that I’m a creative Michelin chef (lol)), etc.. (Haha meow I need generous and rich friendsss, otherwise I’ll stay alone forever x_x…)
- Business expenses will not be done from my personal account anymore.
- I’m going to ask back every penny spent on taxes too much and sue all parties in the health care system who have ever wronged me (plus the individuals who have forced me to psychiatric treatment).
- I won’t befriend people who don’t give rounds like I do.
- Only 50% of my income may be used for spending, the rest I’ll put on my account on my own bank (once it’s there, because fuck commercial banks etc. 🙂 ). My bank will be called Planet Fang and its headquarters will be on its (is)land Planet Fang 🙂 .
- For further business expenses, trustworthy investors are needed.
Using the Safety Net
You’re looking at my safety net… My little broadcasting publishing business… I hope D.O.C.I.S. International is my gateway to useful contacts. In the end, I only care about my mission regarding societal change…
Haha I told you I’m a non-profit organization x_x.