20# My Monthly Financial Independence Update

The Quick Takeaways

This month savings rate: 90 %

% change since last month: 15,1 %

My Coast FIRE number: 5.107.000 DKK (751.000$) or 50.1 years of living expenses.

Simplifying My Portfolio

Whenever people ask me what they should invest in I just tell them:

“Buy a single world index fund. You don’t have to have more than one fund”. 

But at the same time I own three myself:

  1. Sparinvest Index Global Min. Risk
  2. Sparinvest DJSI 
  3. Sparinvest Index Emerging Markets

Proclaiming that I’m a minimalist, and still own three funds for no reason was hypocritical, so I have decided to give my portfolio a brush-up. Yesterday I sold all of my shares in Global Min. Risk and Emerging Markets. And in the future, I will only be buying the DJSI fund.

The DJSI fund “should” be a more environmentally one, so I prefer to stick with that fund. Even though index funds and environmental investing is not nearly as environmental as I would like it to be, I still think it is a step in the right direction.

There are some “pitfalls” in that fund compared to the Global Min. Risk:

  1. It contains Emerging Markets. Which will make it a bit more volatile.
  2. Their biggest stock position is Microsoft on about 12 % which is quite high for an Index fund.
  3. It “only” contains 194 stocks vs 314 in Global Min. Risk, which makes it less diversified.

It is some “pitfalls” that doesn’t keep me awake at night. So I’m willing to have all of my money in that single fund.

74 % Savings rate on Welfare

Besides being away sailing where I don’t earn any money. This is the worst financial situation I can be in.

Luckily I have been responsible and having income insurance (A-kasse), which will give me an income of 13.500 DKK (2000 $) after taxes.

And thanks to my Kakeibo Experiment I have managed to only spend around 3.500 DKK (500 $) the last month. The major reason why I can keep my spending that low, is that my sister lives in my apartment. So I don’t have any spending on rent. I either live on my dad’s farm on Møn or my girlfriend’s family farm on Langeland. Both places I pay my dues by doing some grocery shopping and cooking.

Why I managed to bunk my savings rate up to 90 % is because I have paid for some airplane tickets back from the Philippines, which got canceled so I got the money back. And why not just invest them? That’s what I did.

New Parameter In My Monthly Updates

As you probably can spot, I have given the “Monthly updates” a little brush-up. I didn’t like the “Passive Income” line on the chart, so I deleted it.

The new parameter is my Coast FIRE Nr, which is a quite powerful number. I have been doing a lot of thinking on that everyone I know who has “achieved” FIRE still do some money-earning activity. Not because they have to, but it is because it is nice to do something.

I can see myself as part-time something, working 15 hours/week, just because it is nice to do so. In general, I don’t believe that work is horrible, but it shouldn’t be the majority of our week.

But I do know that I might not be able to build and renovate houses till I’m 80 years old. And that is where the Coast FIRE number comes in.

If I never touched my portfolio I would have 50 years of spending when I turn 65 years old, if my portfolio grows with 7 %/year.

Which is way more than enough. 

I could have as little as 100.000 DKK (15.000$) in my portfolio and would probably still be fine when I’m 65 years old.

People often see Coast FIRE and Barista FIRE as a failed form of normal FIRE. But I don’t think that.

If I had about 1.000.000 DKK (150.000$) in my portfolio today, I would become a part of the 1 % wealthiest in Denmark when I’m 65, with a portfolio of +13.000.000 DKK (1.900.000$). Which is the equivalent of +130 years of my annual spending.

Why on earth would I need that kind of money?!

FIRE for me is that I know I can be happy without materialistic things and money. And if I know that my small portfolio got my back till the day I can’t lift my arms anymore, then I’m good.

19# My Monthly Financial Independence Update

The Quick Takeaways

This month savings rate: 0 %

Yearly Passive Income (5 % withdrawal with taxes): 14.300 DKK (1900 $)

% change since last month: – 15 %

Back In Denmark (On Welfare)

Mini retirements in South East Asia and a pandemic doesn’t go hand in hand.

We were working on the boat, doing some repairs on it in Carmen – Philippines. There were supposed to come 8 new guests on board, and everybody did arrive in the Philippines. But 6 of them decided to go home immediately.

So we were me and my first maid, and two guests. We told them that we couldn’t promise them anything. Because we didn’t know how the situation would unfold.

We were optimistic in the beginning, but as days went by. Everything started slowly to close down. It got harder and harder to get a lift into town. And one day they have decided that no one with white skin could leave the harbor. All of the marine traffic was banned as well, so we couldn’t even leave the harbor by boat if we wanted to.

So we were stuck in there. The bar was still open, so I didn’t miss anything. We could still order nice affordable food, and whatever we had a desire to drink was there. So no panic.

About 10 days in this pandemic we decided that it might be smart to go home. We had no idea if the whole country we shut down, and what would that mean to our situation.

We booked not one, but two flights that got canceled.

I wasn’t until the ministry of foreign affairs sent a flight to the Philippines that we could come home.

So right now I have spent more than 2000 $ on flights that got canceled, which I’m going to try to get refunded.

When Shit Hits the Fan

This situation is probably as bad as it can get from my point of view. Which is not even so bad. 

I’m back here in Denmark. My flat is still rented out. So I don’t have any spending on an apartment. I will receive about 18.000 DKK/month (2650 $) on welfare (Dagpenge) before taxes, which will net in about 12.000 DKK/month (1800 $).

I can save and invest 50 % of that since my spending only will be determined by my eating and transport.

Even in the shittiest situation, I can be, I’m still able to continue my FIRE journey.

Second Month With Double Digit Drop

This is the second month with a double-digit drop.

Last month I was down 10 %, and this month I’m down 15 %.

I have kind of looked forward to a bear market to see how I would react to one. Because I have always thought that I didn’t really care. Actually, I think I would enjoy a bear market, so I could buy more stocks on sale.

Which is right.

I couldn’t care less that the market is down. The only thing that frustrates me, is that I don’t have more cash laying around to buy a good chunk of cheap shares.

But with the welfare, I should be able to buy some.

Kakeibo Experiment

The other day I read “Your Money or Your Life” for the second time (It is a really good book).

And they suggest that you track every cent you spent for at least three months in a row. By doing that you should be able to reduce your spending by 20 % or more.

If we do so, we are then able to look at the previous month’s spending. And ask our self if we got the joy out of that spending or not.

If not, we can minimize our spending, and be able to invest more to claim our freedom.

And that’s where I stumbled into Kakeibo. A simple and old Japanese way of tracking your spending. The next blogpost will be about my Kakeibo experiment in the previous month.

I will continue for three months, and see if I’m able to reduce my spending.

Are You On Top Of Your Finances?

If your answer is no, write me mail and tell me your story.

I answer every mail I get.

Feel free to write if you just want to say hello too.

You can reach me on the following mail:

Loui@Wannabewalden.com

18# My Monthly Financial Independence Update

The Quick Takeaways

This month savings rate: 0 %

Yearly Passive Income (5 % withdrawal with taxes): 14.300 DKK (2100 $)

% change since last month: – 10 %

Where Did My Cash Go?!

The stock market is down.

It is the biggest monthly drop in my portfolio EVER!

When that being said. I have sold shares and spent 8400 $ (54.000 DKK) since I started my mini-retirement in April 2019. (I have spent more money than that, but that “Income” is from my portfolio)

Which is an awesome thing for you guys who are still buying up shares. But not for me who is in a mini-retirement, and sort of dependent on cashing out some shares to get by.

I enjoy selling shares that were almost 40 % more expensive than I bought it.

It meant I got 40 cents for every dollar I invested. Not bad. But now it is more like I get 28 cents for every dollar. Which is still not bad, but it does hurt a bit more to sell a share now.

I still have a good amount of cash, but they might not be sufficient for the next 6 months.

Back In The Philippines

Two days ago arrived back in the Philippines.

What should have been a week in France, ended up being 14 days instead. The boat that I’m going to sail with. Has kept postponing when they are going to leave Indonesia because of bad weather.

That meant I could spend some more days in France. I’m looking forward to the next six months of adventure. But being away from the girl I visited in France is tough. We are not going to see each other for the next six months. It is far from ideal to miss a person that much when I was supposed to have the time of my life.

I’m trying to tell my self that it is possible to miss a person back in Europe, and still have the time of my life here in Asia. But I would lie if I say it doesn’t take a good amount of internal convincing.

I just guess it is a sailor’s life.

Making a FREE Online Course

I have decided to make a free online course on how to reach Coast FIRE in three years or less.

I decided to make it because I think many people will benefit from getting educated on how “little money” can secure your future.

Special young people, who going to choose which education they should do. And maybe go down a route because of the money and “prestige”.

You can reach Coast FIRE in three years or less, with any formal education here in Denmark. And this course will prove it.

It will be short. It will be basic. But it will be efficient as f### !

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

16# My Monthly Financial Independence Update

The Quick Takeaways

This month savings rate: 0 %

Passive Yearly Income (5 % withdrawal with taxes): 17.400 DKK (2680 $)

% change since last month: + 1,7 %

So What The F#ck Happen This Month?

  • Enjoying Indonesia
  • Four new diving licenses
  • Selling shares!!! (Not enjoyable)
  • Still working on the mobile writing habit.

Indonesia, What a Blast!

I have now been in Indonesia for two months. And it has been a blast.

Even though I feel like I have sailed a lot back home. I have never had the experience of sailing with 8 other people I don’t know.

When you live with 8 other people on a boat there is 15 m long, you will be tested constantly. People who think they might be the most patient people, suddenly see that they might not be that patient after all. Which can fuck up some people’s thoughts about themselves.

And small problems can become the end of the world. This morning one of the girls grabbed an empty milk from the fridge, and she bursted into tears because she couldn’t have her cold milk on her morning cereals.

That is the beauty about sailing.

Because on the other side. We sail during the night. With a sky so full of stars I have never seen in my entire life. And the moon shines so bright that it doesn’t seem like night. And when we anchor the following day. It is the most lovely blue coloured water, with white sand beaches with palm trees, we can climb if we want a coconut to feast on.

Sailing is the highest high and the lowest lows.

When all of your clothes is wet (including your bed). And stuff starts the break on the boat. You have had the hardest night sailing. You ask your self why the fuck you are doing this.

It can change so quickly with the most beautiful anchoring spot. A freshly caught tuna on the grill. And you are about to go on the second (or even third) dive of the day where you see manta rays, sharks or even whales. Then it just feels like you couldn’t live life more than you are doing right now.

4 Diving Licenses in 45 Days

Even though the last two months has been so awesome. They have also been quiet tough.

Some of the days have been four dives a day, with the first one at 5:30 in the morning.

And in between dives I would do some repairing on the boat with the skipper onboard (Mathias). Plus I might do some cooking for nine people to feast on. So some of days has been without a break from early morning, to midnight. Even when I’m only doing awesome stuff, I can be really tired some nights.

But today I became a PADI dive master. Which means now have the following licenses:

  • PADI advanced
  • PADI rescue
  • PADI deep speciality
  • PADI dive master

I’m out of $$$

I have invested since 2014. And I have never ever sold a share in order to get some money to spent.

The other day I had sell shares worth of 50.000 DKK (7000 $).

I won’t lie. It did hurt to do so.

I had to do it because I still had 20.000 DKK (3000 $) in leverage. But the company change their ratings on their loans for investing. And it wouldn’t be beneficial for me anymore to have that leverage.

The second reason I had to do it is because I’m out of money.

I’m leaving Indonesia in a couple of days from now. Where a girl I met here on the boat, is going to join me for a couple of vacation days in Malaysia.

After that I will leave for the Philippines where I’m going to do jiu jitsu for two months.

And I do not have a single penny on my account.

So the last 30.000 DKK (5000 $) is going to be spent on my Malaysia trip and the Philippines. Hopefully the money will last.

Habits Will Shape Our Lives

And I’m still working on my “writing on my mobile habit”.

The phone I got for free was my sister’s old iPhone 6. After two months of being at sea that phone is about to die. And I blame the condition of that phone for why I haven’t kept up with my writing.

So in Malaysia I did the thing I probably hate the most.

Shopping.

And I bought myself a new phone. I will never pay what an iPhone phone costs. So I ended up with Samsung phone, it was cheap, and an insanely upgrade for any phone I ever had.

My writing habit will be to write at atleast 50 words every morning. Which can end up in 2-3 blog posts a month.

So stay tuned.

15# My Monthly Financial Independence Update

The Quick Takeaways

This month savings rate: 0 %

Passive Yearly Income (5 % withdrawal with taxes): 17.000 DKK (2600 $)

% change since last month: – 2 %

So What The F#ck Happen This Month?

  • Leaving Denmark in order to start my mini retirement in Asia
  • Spending many $$$
  • Figuring out how I’m going to write

My Mini Retirement in Asia

My second part of my mini retirement has officially started. I have been looking so much forward for this trip. But it is also the part that scares me the most.

At the moment I’m in Indonesia. I’m here as a co-skipper on the boat Orbit. The main skipper is called Mathias, and he has went to the same school as me. So we know a lot of the same sailor people.

Mathias is the bomb. And I’m taking some weight off his shoulders by doing some of the repairing on the boat. We have spent the last 7-8 days in the marina of Sorong to do some repairing. We do whatever we can in order to leave as fast as we can.

My timeline for my retirement looks like this:

  • 2 months in Indonesia as a co-skipper.
  • 2 months in boracay (Philippines) training Brazilian jiu-jitsu.
  • 6 months as a skipper in the Philippines, Indonesia and East-Timor.

Spending Money Is Awful

Even though the only thing I’m going to pay for is the two months in the Philippines where I’m going to be on my own. I still had a lot of shopping to-do before I had to leave Denmark.

I hate shopping.

It is the worse thing I know. Walking from store to store. To buy loads of shit that I feel like I’m not going to use. On top of that, I feel the inner environmentalist in me screaming.

I don’t do budgets. So I really don’t know what I have spent my money on. But I have been spending 3-4000 $ the last month, in order to get ready to leave Denmark for 10 months and being a skipper.

Writing Without a Computer

Yes I do have have a computer with me. But it is hassle using it. It requires so much more time to charge than my phone. And I’m quite busy all day fixing the boat we are going to sail. So I’m trying to develop a new habit of writing on my phone. It does go a bit slower. But I don’t have to sit down at a desk, and figuring out where I’m going to power my nearly 10 year old MacBook.

By writing on my phone I can do it on the go. I have set my phone up so that the first screen I see when the mobile is open, is writing related apps like WordPress, google docs and mailchimp.

I hate being a slave to the mobile. Interacting too much on social media and stuff like that. And from the moment I got a phone again. I can feel how much useless time I’m spending on it. So if I instead can spend time writing on the phone. I should be able to keep this blog running. Even though I might be 100s of kilometres away from shore.

I’m excited about trying to write 95 % of this blog on my phone!

See Photos of My Trip

My friend Jacob from jiu-jitsu gave me a crash course on how to make instagram stories. So I’m getting pretty good at taking some footage, and share it on instagram.

If you want to see what I’m doing on this long trip, you can go and check me out here:

@LouiLam

14# My Monthly Financial Independence Update

The Quick Takeaways

This month savings rate: 0 %

Passive Yearly Income (5 % withdrawal with taxes): 16.800 DKK (2550 $)

% Change since last month: 0 %  

So What The F*** Happen This Month

  • 1 Month till I leave for Indonesia
  • Got a mobile again (sadly)
  • Leaving for Croatia

Clock is Ticking

The airplane ticket is booked for the 29th of October.

That means there is less than a month till I will be leaving my home country Denmark. In order to sail and dive my ass off down in the pacific ocean for 10 months.

There was a little misunderstanding between mOcean and I. They had me booked two months onshore, so that I could go for the diving instructor education. But I had to pay it out of my own pocket. Which is an expensive education, and I don’t know if I will ever use the instructor role again.

The schedule will look something like this:

November & December 2019:

I will be joining Orbit (the boat) in Sorong, Indonesia. In order to learn everything about the boat from Mathias who is the captain now.

Sabrina (the diving instructor onboard) is going to up my game as a diver. And making sure that I have 80 dives in a safely manner.

January & February 2020

For now I think that I will go to Boracay in the Philippines. They have an awesome fighting club, where I can live and train brazilian jiu jitsu for only 500 $/month. And it is not to far away from Carmen Bay, where I’m going to jump back onboard on the boat. Hopefully a friend from my BJJ club will come and join me.

March to September 2020

I’m going to get the title as the captain of Orbit, along with my friend Sabrina which is going to be the diving instructor onboard.

We will be diving, and do a bit of sailing in the Philippines before we hit back to Indonesia again where Kasper and Anders will take the boat for more adventures.

My dad has just booked a trip on the boat. So he will be along for the last two months of the trip, which I’m super stoked about! Thanks for that dad!

Call or Text Me!

So the other day my sister gave me her old phone. (Thanks Luna!)

I can already feel how much time I end up spending on it. Which is a pity. But when I’m going to be in asia for 10 months, I find it a bit nice to have a mobile phone along with me.

Inorder for me to think it is nice to get a phone again, I think that you should be able to contact my directly on that. Call or text me if you have questions on FIRE or just want to say Hi!

My number is +45 71792322

Hallo Split!

I sit in my room in Split, Croatia writing this blog post.

We are 13 people down here from Oure Folk Highschool. In order to learn how to manoeuvre bigger boats.

Tomorrow we will onboard three boats. One 45 foot, and two 48 foot Jeanneau Sun Odyssey from 2014. Which is going to be awesome. I don’t think I have ever sailed so new boats before!

13# My Monthly Financial Independence Update

The Quick Takeaways

This month savings rate: 0 %

Passive Yearly Income (5 % withdrawal with taxes): 16.500 DKK (2500 $)

% Change since last month: 5 %  (26.000 DKK / 3.800 $)

So What The F*** Happen This Month

  • I have stopped leveraging my stocks
  • Competing at my first BJJ competition
  • Simplifying my monthly updates

Quitting My Leverage

The main reason for why I’m quitting my leverage is the following:

Be fearful when others are greedy, and be greedy when others a fearful.

Warren Buffett

But isn’t that market timing Loui?! You might think.

Sort of. The thing is I can feel I start worrying about having 200.000 DKK (32.000 $) of leverage, while I’m not earning any money. I fear going away for my sailing trip, and during that period a recession will hit. Then I need to pay attention to my portfolio while I’m in the middle of paradise. Which is not something I strive for.

The other things is that I have had +30 % ROI this year which is the equivalent of earning + 100.000 DKK ( 18.000 $). So instead of being greedy when things are going great, I start to worry.

Then Nordnet has turned up the rates from 1 % to 2 % for their investments loan. Which is also something I dislike. They could suddenly turn the rate from 2 % to 5 % while the stock market plunge. That would be a risk I was willing to take if I had a job. But not know where I don’t have any steady income.

I’m not completely done with leveraging, but until I have a new job there won’t be any leverage.

BJJ Competition in Dublin

I have found a new love for a sport named Brazilian Jiu Jitsu.

My old coworker Steffen broad me along for class after I got kicked out from the national team in rowing. I never thought that a martial art would be something I would find fun. But I’m madly in love with this new sport.

I love it because it gives your ego a reality check. Whenever you feel that you are getting better, there is one who is better than you, whooping your ass.

In BJJ you don’t kick or punch each other. You try to choke, or “break” an arm or a leg. And because of that we are sparring 100 % at each training session. Which is super fun.

Last weekend I went for my first competition in Dublin. Despite losing my two fights, I thought it was fun, and I have learned a lot.

Monthly Updates – Less is More

I have decided to give the monthly updates a little brush up.

The only “quick takeaways” there will be is the very essential ones.

This Month Savings Rate: Is how big of percentage of my salary I have saved. Since I’m not working at the moment, I’m not able to save anything.

Passive Yearly Income: Is the amount I’m able to take out of my portfolio yearly. I think the 4% rule is quiet conservative. And that’s I why I have chosen to go for a 5 % withdrawal rate. And then I subtract 33 % to taxes. It is a very arbitrary number, since our taxation system in denmark is quiet complex.

The equation would look something like this.

(Total Portfolio Value x 0,05) x 0,66 = Passive Yearly Income

Change Since Last Month: Is how much the portfolio is up or down since last month.

12# My Monthly Financial Independence Update

The Quick Takeaways

This month savings rate: 0 %

This month leverage: 0 %

Rolling savings rate since February 2016: 50 %

Total value of portfolio: 725.000 DKK (109.000 $)

Years worth of annual expenses: 7.59

% Change since last month: -2,6 %  (- 19.000 DKK / – 2.900 $)

Numbers are in thousands.

So What The F*** Happen This Month

  • One year anniversary for Wannabe Walden
  • Back at the folk high school
  • “Dad” approved skipper
  • Stock market decrease

One Year of Blogging

I can’t believe that one year has passed so fast.

And lots of (surprising) things has happened since I started.

It is always fun to see the start of an action to where we are now through some stats. I love numbers, so why not try to make some awesome graphs.

Monthly chart of my portfolio. Numbers is in thousands DKK.

The chart above is a summarize of my 12 months of financial independence updates.

Stocks, is shares I have bought with my own money.

Appreciation, is the price of the funds that I have bought accumulated.

Cash, is my cash holding at a 3 % savings account.

Leverage, is money I have borrowed in order to invest.

As you can tell my portfolio has grown 200.000 DKK (30.000 $) since I started this blog. Which is an awesome development. Unfortunately that growth is not going to continue since I’m not working at the moment.

My investment strategy from here will be whenever the market drops a significant amount, I’m going to spend some of my cash holding in order to hit my old “all time high”.

Visitors at WannabeWalden

6.600 people has visited the blog

16.000 pages has been seen by those visitors!

And I’m very grateful for those numbers, thanks to all of you guys who finds my writing interesting (and hopefully inspirational)

Back At Oure Folk High School

I have just joined the next course here on Oure folk high school, which is named:

Pro Skipper

On this course they teach us how to become a captain on a boat. And makes sure that everything goes smooth. Right from the mechanics of the boat, to the mood of the guests on board.

I’m eager to learn more!!!

The last weekend my dad, sister and I sailed my dads boat home from Stege – Møn to Svanemøllen – Copenhagen. And that is where my dad official said to me that I’m allowed to take the boat by myself.

That is a huge honor when he says that. Because I know how much he concerns about the boat, and me for that matter. So a big shout out to my dad for trusting me as a captain.

Stock Market Decrease

So the market dropped a couple of percentages the last day. Which doesn’t concern me at all. The only thing that irritates me is that I don’t have too much cash to throw into the market if it really tanks.

I have just made a payment on 26.000 DKK (4.000 $) for the next three months on the school. Which could be the last money I spent this year. From november will I be on the boat in the pacifics and not having any expenses from there.

Which means my 2019 expenses will be about 80.000 DKK (12.000 $). And that will be a record low for me.

11# My Monthly Financial Independence Update

The Quick Takeaways

This month savings rate: 0 %

This month leverage: 0 %

Rolling savings rate since February 2016: 49 %

Total value of portfolio: 744.000 DKK (119.000 $)

Years worth of annual expenses: 6.55

% Change since last month: 4,2 %  (+ 30.000 DKK / + 4.500 $)

So What The F*** Happen This Month

  • Working as a sailing instructor at Oure Summer
  • No salary
  • Booming stock market
  • My first sponsor

The Ocean as an Office

For the last week I have been working as a sailing instructor here at Oure schools.

It is a deal they give us when we sign-up for their “Pro-Skipper” course on the folk high school. If we want to they offer us three weeks of work, so that the course become cheaper.

They pay us 5.700 DKK (950 $) for a week. Which is about half the money that I would earn as a building constructor in a week. So money wise it is a pretty shitty deal. And I think I would have a hard time finding some building construction work for a single month.

But is super fun. I don’t see it as work. Everyday we get a new team who has little to no sailor experience. Sailing with a bunch of people who has never been on a boat before is quiet demanding. I can’t relax for 1 minute, because they don’t have a qlue of what they are doing.

I would love to work even more as a sailing instructor, even if it means earning half of what I would as a building constructor. Swapping the cafeteria out with the dock is priceless.

Earning 4.500 $ With No Job

This is the very first time since I was 16 years old (12 years) that I didn’t make any money. And it is also the first time in 5 years that I didn’t buy any stock shares in a month.

I had some pretty serious expenses last month:

  • Buying an airplane ticket to Sardinia
  • One month of rent in my apartment in Copenhagen

And that ended up costing me 1.400 $.

Even though I managed to spent 1.400 $, my networth still increased 4.500 $. Which I think is insane. If I hadn’t spent that money, my networth would have increased with almost 6.000 $, while doing nothing for it.

I don’t think it is unusual that people have 10 fold of what I have in their portfolio. And those people would probably have made 50-60.000 $ last month.

But is important to remind yourself about that too shall pass, and bad times will come as well.

The strategy from here is I’m going to buy stock shares when my portfolio is lower than the all time high.

So if my portfolio drops from 119.000 $ to 116.000 $ in month, I will buy for 3.000 $ shares.

My First Blog Post Sponsor

Thanks to Finimize for being the very first sponsor of a blog post.

They have a free mailing list where you can get the news about the financial markets, in less than 3 minutes a day. Which I think is an awesome offer.

Check them out here.