TravelingTrader´s Journal

Where are you and where are you going?
TravelingTrader
Posts: 54
Joined: Mon Sep 19, 2011 7:19 pm

Re: TravelingTrader´s Journal

Post by TravelingTrader » Wed Sep 13, 2017 7:30 pm

Hello everybody,
here are some more details:

After traveling through Spain for about 1 ½ years I mostly enjoyed staying in Malaga and Granada.
The reason is that the median coast and the ability to ski in Sierra Nevada is nearby by bus. For people who prefer mountain biking and hiking Granada is the place to be. I prefer Malagas beaches – and found a secret love with this city. It is cheap but the economy is worse. If you can, travel as much as possible. It will open your mind for new/other things of more importance.

Here are the old numbers from Malaga 04/2015 – lowest ever:

- rent: 389€
- WiFi/el./water: 60€
- health insurance: 39€
- self storage: 55€
- eating/drinking: 120€
- everything else: 10€
all 673€ (Just arrived and did nothing for a month)

The poor economy was the later reason to get back to Barcelona – just in case I need work some day. Valencia was nice, but just in the middle. After renting I decided to stay and bought the flat in BCN.

Instead of a car I use public transfer (Bus) and my new e-bike/e-scooter which are charging in my living room right now for almost nothing.

My numbers are very low now without having to pay rent anymore and nothing else excpensive.
Just 30€/month housing and 110€/year for trash and eventually unexpected upcoming things like elevator service etc. I have set up a stock trading dividend strategy to pay those bills. Everything else is optional. (electricity, water and internet)
The flat was chosen wise after seeing a dozen or more. It is located at a park (nice for walking) with sunlight all day. So I have free light or can power a solar panel on my balcony later.
A public well is over there in the park for free water (Just in case) and the pub´s around offer free WiFi. (Just in case too). Even a public WC is located across the street.
The bus to Barcelona City (40 min) is just around the corner and 3 supermarkets are in foot range.
All running bills are paid now – as long as my investment account stay intact. (And the stock market of course) Whatever happens, I don´t need to live on the streets ever because I am a home owner now.

As told I got off with 100K short - at 250K. I spend half for the flat and split the rest for repairs and outfitting the new base. (e.g. air con) Everything else is reserved for investing in dividends or swing trading to found my new business in the near future. Until that day I just enjoy live, work on my base and learning new hobby's. (bought a fishing rod – never done before but the beach is nearby)

Also quit my IT work some time ago as I hated it and will probably never get back.
For security reasons I have acquired a German travel health insurance for 59€ a month valid at a max. of five years. That is the reason I am about to build a new business. At some day I have to apply for Spain´s social system and I don´t want to do this by working half a day in a supermarket.

greetings

thrifty++
Posts: 671
Joined: Sat May 23, 2015 3:46 pm

Re: TravelingTrader´s Journal

Post by thrifty++ » Thu Sep 14, 2017 1:37 pm

Congratulations! And awesome journal. Its so inspiring to hear about such a pleasant early retirement from someone who retired on $250k, rather than an enormous sum of money.

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Viktor K
Posts: 201
Joined: Sat Jul 30, 2016 9:45 pm
Location: China

Re: TravelingTrader´s Journal

Post by Viktor K » Fri Sep 22, 2017 9:15 am

Yo TravelingTrader! I was hoping you may have some insights with regards to rent. What did that 389€ net you? One bedroom, two bedroom, roommates? Was it furnished? My girlfriend and I have talked a lot about Spain today and a potential future retirement there!

Noedig
Posts: 169
Joined: Tue Aug 26, 2014 10:15 pm

Re: TravelingTrader´s Journal

Post by Noedig » Fri Sep 22, 2017 10:19 pm

Well done TravelingTrader. Many people's journals 'go dark', it was illuminating to see how it has worked out for you. Sounds like, really well.

Fiddle
Posts: 55
Joined: Tue Aug 02, 2011 11:14 pm

Re: TravelingTrader´s Journal

Post by Fiddle » Sat Sep 23, 2017 7:01 am

Congratulations TravelingTrader. Enjoy your new home in Barcelona!

Jason
Posts: 535
Joined: Mon Jan 30, 2017 8:37 am

Re: TravelingTrader´s Journal

Post by Jason » Sat Sep 23, 2017 7:11 am

Beautiful city. Well done.

FRx
Posts: 147
Joined: Tue Sep 02, 2014 3:29 pm
Location: Portland Or

Re: TravelingTrader´s Journal

Post by FRx » Tue Sep 26, 2017 5:31 am

Really enjoyed reading your journal and it's wonderful that you were able to make such incremental positive changes to your budget. I am currently residing in Barcelona as well and trying to figure out certain topics to eventually make a final move here from Portland, Oregon USA.

Condos in the US have ongoing expenses such as HOA, special assessments, property taxes, and insurance. Not only are condos cheaper here in Barna but they seem to have less ongoing expense, as I'm understanding.

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frugal
Posts: 71
Joined: Thu Sep 06, 2012 11:35 pm

Re: TravelingTrader´s Journal

Post by frugal » Tue Sep 26, 2017 3:13 pm

Hi,

are you trading stockmarket?

Regards

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