10# My Monthly Financial Independence Update

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

Last Paycheck

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:

  1. Sicily / Italy – 7 days
  2. Split / Croatia – 9 days
  3. Indonesia – 4 months
  4. Philippines – 6 months

Blog Posts This Month

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