Hi! I'm also saving up for my first home. It's hard as there is so much to save and I don't think we'll get there anytime soon, but I've just got to keep going!
Thu Mar 09, 2017 11:45 am
oldguy Senior Member
Cash: $ 717.80
Joined: 21 May 2006
quote: My name is Francisco. I’m a 29 years old guy from Spain living in Cambridge (UK). I work as an engineer while I’m finishing a PhD in data analysis.
In my opinion, you are applying your resources ) and spare hours) to the wrong
You're a phd engineer, you can earn in the 150,000 range - there are better ways to earn money than blogging for only 3000 per YEAR. I'm an engineer, retired, I always felt that my math skills served me twice - first to earn a steady income for my family - and second, to understand how to build that good salary into a fortune. And "time" is a primary variable - age 29 is a perfect time to start. Invest 10,000 per year into a Stock Market Index Fund, for the US and most euro countries, the average longterm return is 11%/yr. Compound that for 30 yrs and it will be 2,600,000 when you are age 59. Have 10,000/yr taken from your income and automatically invested, no work on your part, wait 30 years. A truly passive income.
BTW, there are plenty of engineering jobs in Spain where spanish/french are the languages of choice - one eg would be the off-shore wind turbines (GE).
Fri Mar 10, 2017 12:25 am
Cash: $ 3.40
Joined: 20 Mar 2017
Location: Denver, Colorado