17# My Monthly Financial Independence Update

The Quick Takeaways

This month savings rate: 0 %

Passive Yearly Income (5 % withdrawal with taxes): 16.900 DKK (2500 $)

% change since last month: + 0,4 %

So What The F#ck Happen This Month?

  • Stock Market went up, networth went down
  • Going to France
  • Train, eat, sleep and repeat

Spending, spending and more spending

We all know the this simple equation for wealth building:

Spending < Earnings

It is simpelt. But very effective.

I’m doing the direct opposite at the moment. Having no income at all, and spending a ton of money. In many years I have known where my money went. But the last month. I feel like I have spent about a 1000 $, when I have spend closer to 3000 $.

And because of that. I’m going to track my spending. I know many people who has tracked their spending. I have done that myself. But it has been done automatically with apps that uses your bank transactions.

But I don’t feel like you get emotionally attached to that transaction, the same way as if you do it manually.

So that’s where I found the Kakeibo method (pronounced Kah-Keh-Boh). Long story short. Is a simple money management where you write spending and earnings in hand.

I will make a complete blogpost about it someday. So I won’t cover the topic to much now.

“Je Vais A Paris!!!”

In best google translate style.

I’m going to France! And it is not completely random that I have chosen France. The thing that shouldn’t happen, did happen.

When I was back in Denmark, and preparing myself for my mini retirement. One of the biggest bullet points on my “Not-To-Do-List”. Was NOT to fell in love with a girl. And that went perfect back in Denmark.

But then I went away for the first part of my mini retirement. Which was two months in Indonesia on the boat (Orbit) as a skipper trainee. These two months was super awesome.

I got to:

  • To know the boat quiet good (Thanks to Mathias, the current skipper).
  • Get four new diving licenses and become a PADI Divemaster.
  • Get the experience of being on a yacht for two months.

But another thing happen as well.

There was this girl. And without going into to much details. Let’s just say I can’t stop thinking about her. Guess what?! She is currently doing an exchange period with her studies in medicin in……… (Drum roll please)

France.

So I have decided to spent 1500+ $ on a ten day trip to Paris and Lyon.

I think the money is going to be well spent.

Cebu Is Gooooood

My days are looking pretty much the same everyday.

They look something like this:

  • Sleep as long as I can. Do some writing/reading/meditating or anything else productive. I might watch too much YouTube though.
  • 1 PM – First Jiu Jitsu training session
  • 4 PM – Eating (Doing OMAD at the moment)
  • 8 PM – Second Jiu Jitsu Training

I love having nice and quiet days. And I think it is the most perfect way I can prepare myself for the six months I’m going to be at sea.

I will be leaving for France the 13/2, and come back here to Cebu the 24/2.

A picture of some of the guys from Patos Jiu Jitsu here in Cebu.

I’m really bad at taking pictures. (Working on that habit)

But for some reason I manage to do an instagram story or two. So if you want some footage of my (currently) mini retirement.

Go and follow me on instagram:

@LouiLam

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