I was approached by three awesome journalist students who would like to make a video about people living on a low budget. And here is the result! I think its super cool!
Author: Loui Lam
4# My Monthly Financial Independence Update
The Quick Takeaways This month savings rate: 67 % This month leverage: 100 % Rolling savings rate since February 2016: 55 % Total value of portfolio: 590.000 DKK (90.000 $) Years worth of annual expenses: 7 % Change since last month: 7.2 % So What The F*** Happen This Month This month has been a very ambivalent … Continue reading “4# My Monthly Financial Independence Update”
How Random is The Stock Market?
How random is the stock market? Many say that they can predict the stock market. While others admit that they can’t and stick to a passively managed solution. (Hint: I’m one of the boring passive folks) I can’t help it, I keep study how investments works. And no matter how much I study the most … Continue reading “How Random is The Stock Market?”
Coast FIRE – Ever Heard of That?
The other day I learned a new term – Coast FIRE. The traditional way of chasing FIRE is to have all of your expenses covered by a passive income, often in a stock index fund. We know that in order to have enough for the rest of our lives, we need to have 20-25 times … Continue reading “Coast FIRE – Ever Heard of That?”
3# My Monthly Financial Independence Update
The Quick Takeaways This month savings rate: 51 % This month leverage: 100 % Rolling savings rate since February 2016: 55 % Total value of portfolio: 550.000 DKK (84.000 $) Years till I hit a 7 % SWR: 2.6 Years % Change since last month: 1.8 % So What The F*** Happen This Month I think we all … Continue reading “3# My Monthly Financial Independence Update”
The Minimalistic Way of: Eating
I have decided to make a series of different articles with the topic of minimalism. They will be called “The Minimalistic Way of:” and then I will dive into different topics. This article is about how we can have a more minimalistic approach to our eating habits. We all know that eating three meals a day … Continue reading “The Minimalistic Way of: Eating”
Budgets. Don’t do them.
Still to this day I don’t understand budgets. I have hated them back when I was young an idiot with my finances. But I still don’t like budgets. I think they are boring, and a waste of time. “But Loui? How can you save money if you don’t do budgets?” There is a law called … Continue reading “Budgets. Don’t do them.”
So You Think Your Workday is 8 Hours?
We think our full-time work is an 8 hour workday, which is a lie. A workday for normal person would go something like this: Sleep: 8 Hours Work: 8 Hours Free time: 8 Hours Total: 24 Hours While that is true on paper. It is far from how we really spend our precious time. To … Continue reading “So You Think Your Workday is 8 Hours?”
FIVE FIRE FAQs
There has been a lot of focus on the FIRE community from the media lately. And I get a ton of questions from people who have never heard about financial independence before. So I thought a FAQ article was a good thing to post. Why do you strive for FIRE? (Financial Independence, Retire Early) I … Continue reading “FIVE FIRE FAQs”
What If We Had Another 2008? (It will be fine)
As the avid reader might have read in my monthly FI updates. I write that I will reach my first big milestone of a 7 % withdrawal rate in about 3 years. I calculate this very simple. I divide my yearly spending 110.000 DKK (17.000 $) with 0,07 I look how big my portfolio is … Continue reading “What If We Had Another 2008? (It will be fine)”