I thought it would be fun to share how far I have come with my financial independence project. I have always enjoyed watching other people’s numbers. And here I am. About to do one myself.
I have never understood why personal finance should be a tabu. But I can feel there is a slight resistance in me. Telling me that I shouldn’t tell everyone about my finances.
But here it goes:
This is how my allocation looks like September 2018.
I have about 465.000 DKK (72.500 USD) invested in stock index funds. Where 125.000 DKK (19.500 USD) is money I have borrowed to a rate of 1%.
And 58.000 DKK (9.000 USD) in cash.
My first goal is to have a SWR on 7% on my 110.000 DKK/year budget. Which is about 1.600.000 DKK (250.000 USD).
523.000 DKK / 1.600.000 DKK = 32,6 %
If I continue the way that I save, invest and borrow. I will hit my 1.600.000 DKK in about 36 months from now.
This month savings rate was at about 78 %. Which is quiet high for me. I have a 3 year rolling savings rate of 58 %.
This month I have chosen “only” to invest 5.000 DKK and leverage it with another 5.000 DKK so in total 10.000 DKK (1.500 USD). Because I would like to have som surplus cash when the market is going to tumble.
Never hesitate to contact me if you have any questions.