Search found 370 matches

by MDFIRE2024
Sun Dec 10, 2017 2:40 am
Forum: ERE Journals
Topic: Journal of MDFIRE2024
Replies: 110
Views: 7763

Re: Journal of MDFIRE2024

Lately I started to learn more about "Prime Harvesting" from the book "Living off your money". As I researched for further information, I came to the conclusion that I want to implement this strategy for withdrawing from my investment portfolio. Although this will start in about six to seven years, ...
by MDFIRE2024
Fri Dec 08, 2017 11:09 am
Forum: ERE Journals
Topic: Daylen's Adventure
Replies: 26
Views: 2032

Re: Daylen's Adventure

I have separated my mind into three systems. Unknown, logic, and instinct. I can now understand everyone all at once. I currently read "Thinking Fast and Slow" from Daniel Kahneman. He talks in terms of System 1 (intuitiv, fast, irrational) and System 2 (rational, analytical, slow). When I read abo...
by MDFIRE2024
Fri Dec 08, 2017 10:58 am
Forum: ERE Journals
Topic: jonnyz's journal
Replies: 14
Views: 778

Re: jonnyz's journal

You have just turned 23! This is a great benefit compared to the average. Your last post reminds me of Jacob saying "ERE is not a sprint. ERE is a marathon". Take it easy and follow your strategy (full-time work + low expenditure). You don't have to proove anybody else anything! It is totally up to ...
by MDFIRE2024
Wed Dec 06, 2017 12:06 pm
Forum: Money Questions
Topic: Investments Trade Log
Replies: 1202
Views: 149812

Re: Investments Trade Log

I bought: - ishares Global Corporate Bonds - ishares JPMorgang Emerging Markets Corporate Bonds because they both are quite useful with the "Prime Harvesting" combinded with usual Government Bonds. I plan to use "Prime Harvesting" as my retirement withdrawal strategy. (see also https://forum.earlyre...
by MDFIRE2024
Tue Dec 05, 2017 12:36 am
Forum: ERE Journals
Topic: Taemoo's Journal
Replies: 20
Views: 3232

Re: Taemoo's Journal

That's great progression! How do you plan to withdraw your money? Do you have any withdrawal strategy? Lately I have investigated "Prime Harvesting" from the book "Living Off Your Money". I found it quite useful. Your travel ideas sound good. How do you prepare yourself for the AT? I want to do some...
by MDFIRE2024
Tue Dec 05, 2017 12:29 am
Forum: ERE Journals
Topic: Stahlmann's thoughts
Replies: 24
Views: 3424

Re: Stahlmann's thoughts

THank you Stahlmann for sharing this. I like how you visualized your Web-Of-Goals. It is always interesting to see it visualized another way. What's going on at university, studying MSc? 3rd semester?
by MDFIRE2024
Tue Dec 05, 2017 12:21 am
Forum: ERE Journals
Topic: neemap journal on the path to FI. Here are my numbers.
Replies: 11
Views: 659

Re: neemap journal on the path to FI. Here are my numbers.

Welcome neemap! I am also 35 and I aim for FIRE when I am 42. Hopefully we can share some stories along the ERE-journey. Have you alread thought about doing the "21 day makeover"?
by MDFIRE2024
Sat Dec 02, 2017 1:25 pm
Forum: ERE Journals
Topic: 2Birds1Stones' 28 month hustle to freedom!
Replies: 57
Views: 7148

Re: 2Birds1Stone's 29 month hustle to freedom!

Hi 2Birds1Stone. That is great progress. Your Savings Rate is quite high! Thank you for the recommendation for "Living off your money". I read it and find "Prime Harvesting" quite useful appliable. What are your thoughts about the book? Do you want to apply some principles from it, or do you even ap...
by MDFIRE2024
Sat Dec 02, 2017 7:34 am
Forum: Money Questions
Topic: Living Off Your Money
Replies: 11
Views: 1315

Re: Living Off Your Money

I have read the content, which is available for free (see link above). I found it quite interesting. IMO, it is insightful to think about different strategies during retirement. I call them "Retirement Withdrawal Strategy". What I found quite good is, that the author lists the best practices of eac...
by MDFIRE2024
Thu Nov 30, 2017 11:51 am
Forum: ERE Journals
Topic: Frihet / Freedom - Journal
Replies: 27
Views: 4886

Re: Frihet / Freedom - Journal

How about selling crypto in small parts, e.g. 10%...another 10%.. and invest it in other asset classes?
Then you can secure your gains with crypto bit by bit :-) and build up a more defensive, income-focused portfolio.
by MDFIRE2024
Thu Nov 30, 2017 12:41 am
Forum: ERE Journals
Topic: Blog from Malaysia
Replies: 15
Views: 675

Re: Blog from Malaysia

Thank you for sharing physdude! That is great information about Malaysia, especially the part about the difference between working as an Expat and living ER. Now I am a follower of you journal with your experiences about living and traveling in SEA.
by MDFIRE2024
Wed Nov 29, 2017 1:37 pm
Forum: ERE Journals
Topic: Blog from Malaysia
Replies: 15
Views: 675

Re: Blog from Malaysia

Hi physdude. Great that you have decided to create a journal an share your stories about ER in South-East-Asia. Someday I also want to travel to the region. As you have said it is (relatively) difficult to live on $600 a person per month in a developed country, but it isn't impossible for ERE-minded...
by MDFIRE2024
Wed Nov 29, 2017 1:27 pm
Forum: ERE Journals
Topic: Journal of MDFIRE2024
Replies: 110
Views: 7763

November 2017 financial status

Savings Rate = 86% (12 months rolling average) Withdrawal Rate = 7,4% (12 months rolling average + Margin of Safety) yearly expenses = 5433€ (12 months rolling average) FI = 43% (accumulated FI-money compared to FI-goal of 350k€) invested = 54% (invested FI-money in stock market, rest of it in cash...
by MDFIRE2024
Tue Nov 28, 2017 1:11 pm
Forum: ERE Journals
Topic: Fingeek's Journal
Replies: 12
Views: 878

Re: Fingeek's Journal

Your NW has made a big jump from June to November. You were able to save about 6k monthly, if I have calculated that correctly. A SR of 91% is very, very high. I haven't seen such a high SR so far. Is that a 12-month-average or was this in November? Either way, that is great! The higher the SR the f...
by MDFIRE2024
Tue Nov 28, 2017 1:05 pm
Forum: ERE Journals
Topic: Journal of MDFIRE2024
Replies: 110
Views: 7763

Re: Journal of MDFIRE2024

@fingeek Thank you!! regarding: "Are you limiting yourself by MDFIRE2024 (or MDFFIRE2024)?" I am not limiting myself by my user name. If I hit FI earlier than that won't be a problem. Also it could be that I strive for FF. RE is a whole other story. I have some ideas about my transition phase from F...
by MDFIRE2024
Tue Nov 28, 2017 1:01 am
Forum: DIY Skills Questions
Topic: Influence of different seasons on skills and lifestyle
Replies: 1
Views: 152

Influence of different seasons on skills and lifestyle

"Winter is coming" (Game of Thrones) This is true for many of us theses days. I live in southern Germany and it gets cold, wet and windy during the next months. Then comes spring, summer and autumn. So I was thinking about ERE and seasons. I can see that I have to adapt to the various seasons, e.g. ...
by MDFIRE2024
Mon Nov 27, 2017 12:39 am
Forum: Money Questions
Topic: ERE journey for single man in Singapore
Replies: 27
Views: 2142

Re: ERE journey for single man in Singapore

I have done IT consulting, development and lately project management. But I have no connections, as you mentioned. Either it is possible to work as an Expat for my IT company (global and big) or I have to be lucky and try to apply at one directly in Singapore. Working and living as an Expat in Singa...
by MDFIRE2024
Wed Nov 22, 2017 11:27 am
Forum: ERE Journals
Topic: Gilberto de Piento's Journal
Replies: 280
Views: 47541

Re: Gilberto de Piento's Journal

Congrats your milestone of 230k$. The networth change between Nov2013 and Nov2017 ist quite impressive! May I ask what assets you include in your networth? Is it also your real estate, where you live?
by MDFIRE2024
Wed Nov 22, 2017 11:11 am
Forum: Introduce Yourself
Topic: Paying My Dues
Replies: 3
Views: 258

Re: Paying My Dues

Welcome Livio!
by MDFIRE2024
Tue Nov 21, 2017 1:58 pm
Forum: Resources & Recommended Reading
Topic: Resources and recommend watching
Replies: 175
Views: 44705

Where in the world is it easiest to get rich? | Harald Eia | TEDxOslo

Where in the world is it easiest to get rich? | Harald Eia | TEDxOslo
https://youtu.be/A9UmdY0E8hU
Interesting view and a bit funny. It comes down to a comparison between Scandinavian countries and the US.
by MDFIRE2024
Mon Nov 20, 2017 12:54 pm
Forum: ERE Journals
Topic: Liberate Minds Journal.
Replies: 104
Views: 15213

Re: Liberate Minds Journal.

Wow. Well done! Congratulations to your progress! Would be great if you keep us up-to-date. Thank you for sharing. I gotta start now to read at the beginning of your journal.
by MDFIRE2024
Sat Nov 18, 2017 1:08 am
Forum: ERE Journals
Topic: Fox's Journey: Out of the Burrow
Replies: 180
Views: 24813

Re: Fox's Journey: Out of the Burrow

Great TopHatFox! Good to hear that you have an income source again. When I was reading it, I thought about "one foot in the door", which is not only an English saying but also a German one. What kind of job is it? What do you do? Does it meet your INFJs personality characteristics? (edited: correcte...
by MDFIRE2024
Fri Nov 17, 2017 4:09 pm
Forum: Introduce Yourself
Topic: Don't repeat my mistake, keep accumulating!
Replies: 19
Views: 2049

Re: Don't repeat my mistake, keep accumulating!

Thank you for sharing. It reasures me that leaving to early the workforce could be wrong in terms of "sustainability and survival". Would you decide differently if you had the chance to choose again? Or is this another life experience you will be maybe thankful for, because you try it with courage?
by MDFIRE2024
Fri Nov 17, 2017 10:36 am
Forum: Work & Education
Topic: Go to university or continue with ERE plans
Replies: 7
Views: 462

Re: Go to university or continue with ERE plans

Hi Frosti85. Good to hear from you! First of all, I think you need to remember that you won't forget the principles of ERE however you decide. What you have learned so far, will help you in the future regardless how the future will be. Either way you will have multiple chances and possibilities to i...
by MDFIRE2024
Fri Nov 17, 2017 9:53 am
Forum: ERE Journals
Topic: Journal of MDFIRE2024
Replies: 110
Views: 7763

Lessons Learned of my three day stay in a hospital

Today I have been released from the hospital after three days and two nights. I was in there in order to start a basic immunization against my allergy. In total I got nine injections. Everything was ok in the end, but I was horrified from the usual days in the hospital. I couldn't go outside. I had ...