It takes time to turn things around. After years of living beyond my means with too much mindless consumption, I have now started this journey towards financial independence.
Everything is going according to the plan, but it’s a very, very slow process. I started investing back in September and I now have a tiny portfolio of index-funds with a value of around 50.000 DKK (8,100 $).
As you can see I’ve managed to put 10.000 DKK (1,620 $) towards the stock market each month since September and kept my savings rate at >50 % of my take-home income.
However, I think I might have been focusing a little too much on all this financial independence stuff lately. The thing is, even if I manage to keep my savings rate higher than 50 per cent of my income, I’m not going to be anywhere near the point of financial independence within the next decade.
So naturally, it won’t benefit me the slightest to focus too much on my personal finances. I have done what needs to be done. All I have to do is continue to save and invest wisely every month and time will take care of the rest. Moreover, I want to enjoy my life now. Carpe diem, YOLO and all that jazz.
If you’ve been following this blog, you’ll know that I’m not too pleased with my current 9-5 office lifestyle. But I think part of the reason is that I’m still relatively new in the workforce, so I’ve had to give up the freedom and loose schedule I had when I was still in Law School. However, I can feel that I’m slowly getting used to working and there has definitely been a lot of positive side effects.
A few months back I sat down and thought about what I could do to improve my career instead of just daydreaming about financial independence. By coincidence I saw an interesting job posting on LinkedIn, and I knew immediately that I had to apply for the position.
The great thing about this job is that it includes working with young (and older) professionals who wants to work as freelancers, independent contractors or entrepreneurs. It would allow me to combine my personal interest in careers with a high degree of freedom with my professional knowledge of employment law.
Moreover, it would allow me to further develop my skills as a professional advisor and give me an opportunity to actually make a difference and help people.
After a few interviews and tests, I got the job. I’m pretty exited about it, and I see this as a huge opportunity for me to get a meaningful and rewarding career. This also means that my days as the World’s Worst Employee are over. Not that I’ll shut down the blog, I’ll still keep posting about my journey. But I’ll change the focus of the blog. Less whining about work and more focus on how to build a rewarding career. For old times sake, I’ll keep the name.
I’ll also keep interviewing freelancers, independent consultants and entrepreneurs in order to explore how to build a career with a high degree of freedom and independence.
The WWE becomes ‘Country Ambassador’
In other news, I’m happy to announce that I’m in the process of becoming ‘Country Ambassador’ for Denmark in the European FIRE-community behind firehub.eu.
Hopefully, this will allow me to be more involved with other like-minded Europeans who are interested in financial independence.
More info about this initiative will follow later.