School Project Video On FIRE

For a month ago I said yes to participate in two young boys school project about financial independence. I said yes, because I know how important the youth is. In every single rowing club I know, the future success of the clubs determines on how big (and good) of a youth department they have. All … Continue reading “School Project Video On FIRE”

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?”

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)”

Cut the Period You Reach FIRE in Half, Book Review

I have never read a book from cover to cover before I turned 21 years. But reading since then has change my life radical. Being able to learn from the best minds in this world is something I love. A book can be distilled knowledge from people who have researched a topic their entire life. … Continue reading “Cut the Period You Reach FIRE in Half, Book Review”

How Much Money Is Enough? Fuck the 4 % rule.

I often read blog posts on how people are retiring with 1.000.000 USD and then live off 40.000 USD/Year. Put it another way. They stick to the 4 % rule. There has been made a study called “The Trinity Study”. Which is often referred to in the FIRE community. They took a close look on … Continue reading “How Much Money Is Enough? Fuck the 4 % rule.”

1# My Monthly Financial Independence Update

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 … Continue reading “1# My Monthly Financial Independence Update”

The Power of Spending Less

In a very long period of my life I thought that in order to become rich you need to earn a lot of money. When I started to study have the financial independent I found that this wasn’t the whole truth. The most important part to become financial independent is to spend less. If we … Continue reading “The Power of Spending Less”

The 80/20 Principle to Spend Less Than 50 % of Our Salary

Vilfredo Pareto was an Italian economist back in the early 1900. He discovered that 20 % of  the population owned 80 % of the wealth. (I think it was in Italy). People have later on applied this 80/20 principle to other stuff. Like 20 % of the carpet will get 80 % of the walking. … Continue reading “The 80/20 Principle to Spend Less Than 50 % of Our Salary”

How I’m Retiring in 5 years or Less, and How You Can Too

Why should everyone try to become financial independent? Whenever I tell people that I will retire in a couple of years they get excited. But whenever I tell them how I do it. They think it is to extreme. You know what I think is extreme? To work at the same desk for 30 + … Continue reading “How I’m Retiring in 5 years or Less, and How You Can Too”