Random Thoughts About FIRE

I’ve tried to make some alternative income streams apart from my job. Me and my girlfriend made an Airbnb profile with the intention to rent out a room. We didn’t want to do it permanently, just a weekend every month or something like that. But I just found out that our housing association won’t allow it, so that sucks big time.

We’re planning a backpack trip to Vietnam next summer, and the thought was to let the income from Airbnb pay for the trip. So now I’ll have to think of other ways to make side income, otherwise I’ll might have to lower my savings rate. Another option could be to cut my expenses even more; I’ve found that there’s plenty of room to do it. For example, I’ve spend around 12.000 DKK (around 1900 dollars) on restaurants and fast food over the last 12 months.

With the high level of taxation in Denmark cutting expenses to an absolute minimum is critical in order to achieve financial independence. I guess I’ll have to review my spending patterns once again.

The good news is that I’ve convinced my girlfriend to open a brokerage account, so she’ll start investing a small amount each month. I’m quite happy that she can see the benefits of investing, especially now when we’re still relatively young and don’t have kids yet.

I’ve made some small changes in my investments. For example, I’ve opened a private pension account (aldersoparing) in my Nordnet account. The Government has made changes so from next year on, it will only be possible to contribute 5.000 DKK (around 800 dollars) a year to the account. I’ve invested all the money in the account in Nordnet Superfonden with 0.0 annual expenses.

To compensate from the fact that my tiny new portfolio is too heavy on Danish stocks at the moment, I’ve decided to only invest in ‘Sparinvest Index Globale Aktier Min. Risiko’ in my taxable account.

Things are slightly better at my job. I think I’m slowly getting used to the 9-5 schedule. We also have some nice upcoming projects with lots of learning potential for me. Without going into too much detail, I’m going to negotiate some relatively large ‘agreements’, so I’ll be learning about negotiation in a professional setting. I think it will be a great experience and I’m looking forward to it with excitement. Moreover, I think it will look great on my resume, so hopefully it can help open some doors if I should decide to look for a higher paying job at some point.

Lately I’ve been focused on getting out after I come home from work. I’ve to make an effort to have friends over for dinner or get out and play soccer in the evening. It makes me feel way better when I take time to do things after work.

I haven’t been writing much on the blog lately. It’s kind of hard to keep writing about FIRE, because all I’ve to do now is wait. 15-20 years. But I’m working on an interview with an up-coming entrepreneur, and I still plan to make podcasts as well.

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