The Quick Takeaways
This month savings rate: 55 %
This month leverage: 0 %
Rolling savings rate since February 2016: 53 %
Total value of portfolio: 714.000 DKK (107.500 $)
Years worth of annual expenses: 4.94
% Change since last month: -0,9 % (- 7.000 DKK / – 1000 $)
So What The F*** Happen This Month
- Last salary just checked in
- Extending my sailor school
- (Almost) No work until September 2020
It is now three month since I got fired from my job. Which means that I’m official on my mini retirement.
With no income, these monthly updates might end up being a bit different. I won’t have no additional money to save and invest. But I do have a cash reserve I can use.
What Can I Do With No Money?
I will focus on two things in this period where I don’t make any additional money.
I’m going to throw money in my portfolio whenever it is lower than the previous month. So if my portfolio is 107.5000 $ and it drops to 106.000 $, I will buy for 1.500 $ in order to get the value up to the previous high.
Second I can focus on my spending. If I spend less than what I currently do, I can bring my “Years Worth of Annual Expense” down. Which has been fluctuating a bit too much lately.
Nothing But Sailing
The next 16 months I’m going to do nothing but sailing.
I have just extended my stay here at the school because I got an offer I couldn’t refuse. That means I will go here all the way up to the point where I go to Indonesia and the Philippines to sail.
I do have to do some work. But it is three weeks here at the school as a sailing instructor for people who have never sailed before. And I really don’t see that as work. More like a better way for me to improve as a skipper.
I will go to these following places during this mini retirement:
- Sicily / Italy – 7 days
- Split / Croatia – 9 days
- Indonesia – 4 months
- Philippines – 6 months