Wizards' journal (ERE in Denmark)

Where are you and where are you going?
wizards
Posts: 109
Joined: Sun Mar 31, 2013 8:24 pm
Location: Denmark

Re: Wizards' journal (ERE in Denmark)

Post by wizards » Thu Jan 11, 2018 2:02 pm

@euruka

Thank you.

It might very well be one of the reasons.

For me the transition from full time (+37 + commute) to part time from home has been the right choice. But after doing this 2½ years, it might be time to a change - but still not sure if and when :)

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BadHorse
Posts: 52
Joined: Sun Jun 05, 2016 4:17 am

Re: Wizards' journal (ERE in Denmark)

Post by BadHorse » Thu Jan 11, 2018 2:31 pm

Impressive as always, glad it's going so well! :)

If you really get nothing but the money out of the part time gig, then it does sound a bit pointless when you don't need the money. Do you think there is any potential value to maintaining some sort of connection with the job market? Like CV or up-to-date skills, if you'd ever want it?

wizards
Posts: 109
Joined: Sun Mar 31, 2013 8:24 pm
Location: Denmark

Re: Wizards' journal (ERE in Denmark)

Post by wizards » Fri Jan 12, 2018 8:41 am

Thank you :)

Think I wanna do some kind of for/against list for a start.

CV / connection with the job market - there is a value here, but not one that I personally value much..

abkjaer
Posts: 1
Joined: Wed Apr 18, 2018 2:21 am
Location: Denmark

Re: Wizards' journal (ERE in Denmark)

Post by abkjaer » Thu Apr 19, 2018 2:54 am

@wizards

Hi wizards,

I am a journalism student from Denmark, and for a radiopodcast I am looking into the whole ERE-movement, which I find exciting. I have been talking to a few others, who follow the same principles, but from your journal here I can see that you are at a point, where you are financially independent. I would love to talk to you about your journey and hear, what striving for ERE has meant for you.

You can contact med via email eajensen@mail.dmjx.dk or on the phone 2989 5489.

First of all the interview is for research and I hope to hear from you.

Kind regards
Emil Abkjær Kristensen

thedollar
Posts: 43
Joined: Tue Feb 21, 2017 4:07 am

Re: Wizards' journal (ERE in Denmark)

Post by thedollar » Fri May 04, 2018 2:02 pm

This is my favorite journal. We need an update soon, Wizards :geek: :) ;)

wizards
Posts: 109
Joined: Sun Mar 31, 2013 8:24 pm
Location: Denmark

Re: Wizards' journal (ERE in Denmark)

Post by wizards » Fri May 04, 2018 3:45 pm

Hope a short update will do.

Numbers (April 2018)
SWR: 2.91 %
Networth: USD 864,046
Asset allocation: Stocks 53 %, Rentals 30 %, Bonds 11 %, Cash 6%
Spending is still below budget but not much.

The Apartment experiment:
Last month I bought a small apartment on foreclosure/auction. The price including miscellaneous fees, stamps etc. is approx. USD 65,000. There’s need for some work, some I can do myself, and some which I have hired pros to do – I budget this to approx. USD 18,000. I plan to have it finished by the end of this month – estimated value then USD +100,000. It’s the plan to keep it as a rental property like the others I already have.
So far, I have enjoyed the process and doing some manual labour :)

And one more…
Two weeks after buying the foreclosure I found another interesting opportunity – so this week I closed another deal for a larger apartment, this one has a tenant, so basically no work to do besides moving money, finding finance etc.

Job
Still working part time and still not clarified how long I will keep doing this.

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