Search found 447 matches

by wolf
Sun Feb 18, 2018 2:30 am
Forum: ERE Journals
Topic: BlueNote's Journal
Replies: 204
Views: 43904

Re: BlueNote's Journal

Congratulations to your newborn son!
by wolf
Sat Feb 17, 2018 5:05 am
Forum: ERE Journals
Topic: Wad's Journal
Replies: 19
Views: 2197

Re: Wad's Journal

Nice progress. Keep on saving and investing!
What's your Asset Allocation? Are gold stocks the riskiest position in your portfolio or do you have other "high risk / high return" positions, such as bitcoins, etc. ?
by wolf
Sat Feb 17, 2018 4:56 am
Forum: Resources & Recommended Reading
Topic: Rolf Dobelli: The art of good life
Replies: 2
Views: 164

Re: Rolf Dobelli: The art of good life

Thank you for this book idea. I have already read other books of Rolf Dobelli and I find them quite interesting. Luckily this book is available in my local library.
by wolf
Sun Feb 11, 2018 12:59 am
Forum: Lifestyle Questions
Topic: Wealth, money, numbers
Replies: 19
Views: 1500

Re: Wealth, money, numbers

I found this Workbook from Tony Robbins about "The Psychology of Wealth". https://www.tonyrobbins.com/pdfs/FinancialFreedomWorkbook.pdf Of course wealth is more than money. He describes some of it in that text. It helped me to put money and numbers in perspective and set it in the right context. Fee...
by wolf
Sat Feb 10, 2018 12:51 pm
Forum: ERE Journals
Topic: Generation-X' Journal
Replies: 129
Views: 29071

Re: Generation-X' Journal

...All future savings, both taxed and deferred will be invested in equities as the market undergoes the correction - naturally, the intent is to buy close to the bottom as much as possible. Do you have a plan, how and when you buy equities? I have started a BEV (Bird's Eye View) for all of my portf...
by wolf
Sat Feb 10, 2018 12:36 pm
Forum: ERE Journals
Topic: Ad Astra per Aspera [Journal]
Replies: 29
Views: 1796

Re: Ad Astra per Aspera [Journal]

I’m pondering what I can do to help him along his mental journey to FI, without scaring him off. German speaker here :) What I would consider is his personality, e.g. motivation, personality type, virtues, beliefs, etc. IMO, it is important that he establishes an intrinsic motivation about FIRE / E...
by wolf
Sat Feb 10, 2018 3:18 am
Forum: Money Questions
Topic: SWR milestone record - Most important factors? / Recap of the progress towards ERE
Replies: 8
Views: 529

Re: SWR milestone record - Most important factors? / Recap of the progress towards ERE

The most influence in my progress towards (financial) ERE (as measured in the SWR) is decreased spending/expenses , by increasing efficiency and reducing waste. Since starting my journey towards ERE I haven't seen huge compounding effect on investments, because I went into the market step-by-step in...
by wolf
Sat Feb 10, 2018 3:07 am
Forum: Lifestyle Questions
Topic: How to turn "high savings rate" into a daily habit
Replies: 6
Views: 522

Re: How to turn "high savings rate" into a daily habit

And as such, the monthly savings rate trailing twelve months is one of my personal KPIs I want to track more closely. That is also one of my favourites: "monthly savings rate trailing twelve months" Maybe you can implement the following daily habit: Writing 3 (or up to 10) things/ideas/activities, ...
by wolf
Fri Feb 09, 2018 11:29 am
Forum: ERE Journals
Topic: journal of wood
Replies: 135
Views: 13087

Re: Pretty good beginnings

Relations(hips) I date a lot and it's becoming almost like a game I'm starting to master. I've taken like half a red pill. Not looking for a relationship, just trying to enjoy life. ... I try make it a rule to hit on someone new every week. The result of that are weeks like the current one; I'm see...
by wolf
Mon Feb 05, 2018 12:26 pm
Forum: ERE Journals
Topic: wolf's journal
Replies: 11
Views: 709

Counted my items and things: 1030

Yesterday and today I was busy counting my belongings, items and things I own. I wanted to know how much I do possess (or how much things possess me?). Since one of my goal for this year is to reduce 50 items, I had to create a baseline. So I counted all my belongings. I didn't count food. And somet...
by wolf
Sun Feb 04, 2018 7:10 am
Forum: ERE Journals
Topic: wolf's journal
Replies: 11
Views: 709

My daily ERE learning habit

A week ago I started a new daily ERE learning habit. Some years ago I read a book from James Altucher, called "Idea Machine". ( Link ) He described his daily habit of coming up with 10 new ideas about any kind of topic. Since then, I started to brainstorm 10 ideas every other day, usually using a li...
by wolf
Sun Feb 04, 2018 6:57 am
Forum: ERE Journals
Topic: Tyler9000's Journal
Replies: 165
Views: 39422

Re: Tyler9000's Journal

Lately I've been thinking about using ERE coupled with my new work gig to partially disable my ingrained savers mindset and live a little. Now that retirement is covered and maximizing savings is no longer a primary concern, I can instead use my PT work income to live "paycheck to paycheck" in a co...
by wolf
Sat Feb 03, 2018 3:20 am
Forum: ERE Journals
Topic: m741's ERE Journal
Replies: 581
Views: 90057

Re: m741's ERE Journal

First of all, thank you m741 for this detailed answer and really insightful explanation of your thoughts. I had to read it twice in order to understand the full depth and meaning of it. And I will definitely re-read it in a couple of months and years in order to remind me of it. I think, that your e...
by wolf
Fri Feb 02, 2018 4:14 pm
Forum: Money Questions
Topic: Location vs Money
Replies: 26
Views: 2724

Re: Location vs Money

@Riggerjack Thanks for the kick in the ass. Also, looking at c40's journal made me realize how much I want to be doing that instead of working... Hi James_0011. I searched for your journal in order to get some more information how you doing regarding "location vs. money". But unluckily I can't find...
by wolf
Fri Feb 02, 2018 3:57 pm
Forum: ERE Journals
Topic: frosti85 ERE journal.
Replies: 24
Views: 2033

Re: frosti85 ERE journal.

Hi Frosti85. How are you? I haven't heard and seen anything from you in the last couple of weeks. I just want to ask how you like your part-time job? And besides work, what do you do in your free time? "Reading, computer gaming, being outside in nature" like you said? Ahh, and btw I changed my usern...
by wolf
Fri Feb 02, 2018 12:38 pm
Forum: ERE Journals
Topic: 2Birds1Stones' 28 month hustle to freedom!
Replies: 73
Views: 9084

Re: 2Birds1Stones' 28 month hustle to freedom!

I will take at least 6 months regardless of where I am in terms to FI. At that point, I will be working full time for ~19 years and 10 of these in a Megacorp style career. It's time for a break. That sounds great. I did a sabbatical for 7 months after working 11 years full-time. 5 out of that 7 mon...
by wolf
Fri Feb 02, 2018 12:22 pm
Forum: Resources & Recommended Reading
Topic: 12 Ways to Get Smarter in One Infographic
Replies: 2
Views: 238

12 Ways to Get Smarter in One Infographic

It does give an mindmap-overview of different ways to get smarter. All the tools, methods, ... are grouped into e.g.
- Learning how to learn
- scientific methods
- goal setting
- cause & effect
- etc.

http://www.visualcapitalist.com/12-ways ... al-models/
by wolf
Fri Feb 02, 2018 8:43 am
Forum: ERE Journals
Topic: Journal From A Dane
Replies: 40
Views: 3144

Re: Journal From A Dane

Hi herp. Have you already calculated if buying is cheaper than renting in the longterm? Early Retirement Now did 10 case studies about people who want to retire early. And 9 out of 10 are homeowners. https://earlyretirementnow.com/2018/01/17/ten-lessons-from-ten-safe-withdrawal-rate-case-studies/ ht...
by wolf
Fri Feb 02, 2018 8:29 am
Forum: Money Questions
Topic: Anyone using kimblechartingsolutions?
Replies: 2
Views: 175

Anyone using kimblechartingsolutions?

Is anyone using https://kimblechartingsolutions.com/blog/ for trading stocks or other assets? I have been following the blog for about 2 years now and I find the charts quite inspiring. So, my question is, if anyone here on this forum is a member or is using it in order to trade? I was a member for ...
by wolf
Fri Feb 02, 2018 8:23 am
Forum: ERE Journals
Topic: wolf's journal
Replies: 11
Views: 709

January 2018 Financial Summary

Savings Rate = 87% (12 months rolling average) Withdrawal Rate = 7,9% (12 months rolling average + Margin of Safety) Yearly Expenses = 5957€ (12 months rolling average) FI = 43% (accumulated money compared to goal of 350k€) Invested = 73% (invested FI-money in stock market, rest of it in cash) Pass...
by wolf
Fri Feb 02, 2018 5:02 am
Forum: ERE Journals
Topic: m741's ERE Journal
Replies: 581
Views: 90057

Re: m741's ERE Journal

I've come to realize that setting such extensive, long-term plans before leaving was a very bad idea. And maybe I'd caution other people who have 5+ years left before hitting FI, to avoid planning in too much depth. For at least a year, maybe more, I really didn't seize opportunities that I could h...
by wolf
Thu Feb 01, 2018 1:27 pm
Forum: ERE Journals
Topic: wolf's journal
Replies: 11
Views: 709

One important topic for me this year is stability

This year began with ordering and reading the ERE book. It has so much deep content that it will fill probably a few more months worth reading and studying. I have thought about what I want to do and achieve this year. What is this year about? Of course there is my professional life, working full-ti...
by wolf
Wed Jan 31, 2018 11:54 am
Forum: Introduce Yourself
Topic: Ahead of Schedule and Overwhelmed
Replies: 2
Views: 394

Re: Ahead of Schedule and Overwhelmed

Welcome Pkate to the ERE forum! That is quite a start! Regarding "living off your investmens" there is a book called "Living off your money" which I can recommend you. There is also a thread about it and the first 100 pages are free. You can find it here https://forum.earlyretirementextreme.com/view...
by wolf
Wed Jan 31, 2018 4:17 am
Forum: Resources & Recommended Reading
Topic: Resources and recommended listening
Replies: 69
Views: 13090

Re: Resources and recommended listening

https://radicalpersonalfinance.com/dont-let-your-pursuit-of-money-ruin-your-life/ Radical Personal Finance - Podcast 516 – Don’t Let Your Pursuit of Money Ruin Your Life "Money is important. But it’s not #1." It is mostly about putting money in the right perspective, compared with relationships. I ...
by wolf
Mon Jan 29, 2018 12:13 pm
Forum: ERE Journals
Topic: wolf's journal
Replies: 11
Views: 709

Re: wolf's journal

@finity.
as you mention it, "Steppenwolf" is in my bookshelf. ;-) Would have been a great name. Is it already taken? I like the book, as many others do too.