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INTRO 32yo from Austria on the quest for financial freedom

Discussion in 'Forum Introductions (Who are you!?)' started by switching_lanes, May 12, 2019.

  1. switching_lanes
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    switching_lanes New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    Hey guys,

    I'm 32 years old from Austria and I'm seeking to achieve financial freedom.
    I've read TMF and Unscripted and I'm reading TMF for the second time right now. Thank you for these masterpieces MJ!

    My situation is as follows:
    - I have a degree in civil engineering
    - I have a secure job earning about 40000 € after taxes / year, which is "good" for this type of job and my age in Austria.
    - I want to build something for myself and leave this job.
    - Me and my girlfriend have saved up about 50k each, we rent our appartment and we don't have any debt or anything. We also don't care about possesions too much. If we spend money, it's mostly on travel.
    - The BIG FACTOR in the future: We've got twins on the way :)

    I am basically a guy, who reads a lot and gathers information but my main problem is the lack of execution and I know I have to get over it and get something started. What I also know: Whenever I work for myself, I have no trouble working late shifts and really get grinding.

    I really want to leave the corporate world and live life on my terms. Also to have time for my kids and see them grow up. So my first step is financial freedom and a regular (if possible "passive") monthly income of about 3000€ after taxes.

    I've browsed the forum already a little bit and I really love the supportive atmosphere here.

    Wishing everyone out there a great day!
     
  2. Creep
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    Creep New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    Hey, good luck on your goals! You have a background that requires great work ethic, so i'm sure you can do great.
    I'm also just starting out thinking about how to do things, doing market research etc. at the moment.
     
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  3. switching_lanes
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    switching_lanes New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    Thanks man! Wishing you the best as well!!
     
  4. Tossek
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    Tossek New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    Hi switching_lanes,

    what is your business idea gathering the 3k/month? I am in a similar situation :)
     
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  5. switching_lanes
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    switching_lanes New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    Hi Tossek,
    that's what I'm still looking for. What's your situation?
     
  6. Awaken
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    Awaken New Contributor Read Millionaire Fastlane FASTLANE INSIDER

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    Hey @switching_lanes and welcome to the forums.
    It's always nice to see a fellow austrian on here! :)

    Good luck on your journey!
    If you like, I'm always open for networking!
     
  7. switching_lanes
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    switching_lanes New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    Hi @Awaken - great to meet Austrians here :)
    Thank you so much!
    What do you do, I'm always open to network and exchange thoughts/ideas!
    Have a great day!
     
  8. Nepinho
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    Nepinho New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    Nice to meet two fellow Austrians in one post :D Good luck!
     
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  9. switching_lanes
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    switching_lanes New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    Thanks man! How's your Fastlane process going??
     
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  10. Nepinho
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    Working on it, still a long way to go but I'm fine with that. For now ;)
     
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  11. Tossek
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    Tossek New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    My fioncee and me saved up a bit as well, are debt free and we want to start a family next year. We are both engineers and would like to start something on our own. But we do not know what. Actually, one idea is producing skin creme :) not that I am interest in this ... but that puts me on a nice situation just focusing on value and best practice ... but it is just an idea.
     
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  12. switching_lanes
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    switching_lanes New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    Great! So we're in a very very similar situation! Which kind of engineers are you? Skin creme, sounds interesting!!
     
  13. esveebee
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    esveebee New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    Didn't manage to write my intro post yet but also in a very similar situation, although we already built a house and most of my savings went there. Nothing really special, no dream house at all but seemed like a good investment in that time and location. I'm from Belgium (flanders) where every square inch is being built :) So quite confident we can still sell it without losing money on it if we ever find our dream house (and after the fastlane of course).

    35 y.o. so have the feeling now is really the time also, especially because we're trying to get pregnant also and as my wife is currently working as a contract agent for the European Commission but her contract ends in 1,5 years.
    So, "exciting" times ahead... but of course, it's never the right time.

    Good luck with your journey also and I hope we can all build something to be proud of.
     
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  14. Andy Daniels
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    Andy Daniels Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Welcome to the forum!

    Sounds like you have a lot of good things going for you (debt-free, good mindset, good work ethic). You're off to a great start.

    In the beginning, your one goal should be to help others. In Unscripted, MJ talks about not even mentioning the word money. Think of money as Value-Vouchers.

    How much value are you worth? How much value do you give others?

    It's a simple concept that so many entrepreneurs overlook. Help others, and money will surely follow.


    Good luck!
     
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  15. PippoW
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    Hi, I am also from Austria :)

    And starting an ecommerce shop!

    Maybe we can chat and motivate each other :)
     
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  16. MJ DeMarco
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    Welcome aboard, appreciate the intro!
     
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  17. 1523.
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    1523. New Contributor

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    I'm 10% Austrian dose that count.
     
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  18. Tossek
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    Oh, I am a physicist/electrical engineer combination. My fioncee is a chemical process engineer. And very picky about here cremes, so I said to her one time, we should make our own if she dislike every other ^_^ .

    What is your skill set and interest scope? As a civil engineer, did you do simulations or design?
     
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  19. switching_lanes
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    switching_lanes New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    So I wo
    Thanks for your response!

    So I would say we are both pretty lucky with our situations. Let's make the most of it!

    I also wish you the very best for your journey! Keep me updated on your progress!
     
  20. switching_lanes
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    Thanks Andy. I read Unscripted but that was a very good reminder. Always think value vouchers...

    And yes I am very blessed to be in a good startimg position. A lot of it as to do with the fact that university is practically free in Austria, so no student loans.

    I really want to make something happen. Just have to find my way!

    Cheers!
     
  21. switching_lanes
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    switching_lanes New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    Cool! Where exactly? What do you do? Sure let's stay in contact, I would appreciate it!
    Have a great day man!
     
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  22. switching_lanes
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    switching_lanes New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    Thank you MJ. And thank you for putting all your knowledge out there. You change many lives and leave a legacy!
     
  23. switching_lanes
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    switching_lanes New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    Absolutely :)
     
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  24. Benny Lim
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    Benny Lim New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    I have a very similar situation with you. I have a 9-6 job and doing IT. Currently Married without kids.

    What is your plan ?

    Are you able to do consulting ? Probably it's a good start before you left your job.
     
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  25. BelovedLittleOne
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    BelovedLittleOne Contributor Read Millionaire Fastlane FASTLANE INSIDER

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    Hi @switching_lanes
    great to have you on board! Welcome!
    Seems like your thread is a magnet for Austrians!

    --> Me too :-D

    @Awaken , @Nepinho , @PippoW glad to know my husband and I aren't the only Austrian Fastlaners here :)
    thumbs up, keep us updated!
    Maybe we can all meet up at some stage and share/encourage/help each other on our journeys.
    By the way, what a coincidence. We are Engineers too (Chemical/Process and Metal Forming Engineers).

    All the best and keep up the high spirits!
     
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