BadHorse's slow trot towards FI
Posted: Sun Jun 12, 2016 4:43 am
EDIT: Decided to remove raw numbers below, in favor of relative numbers. Also, numbers now include money from my work-based pension plan.
Step1: Get an overview of my current finances
These are just rough numbers to get started. I have no debts. 38 yo, living in Denmark.
Approximate assets, end of May:
WR rate of 12%
Assets distributed approximately as follows:
49% investment fund (actively managed by Crappinvest Inc., 30% stocks, 70% bonds)
12% in bank account at no interest.
2% private pension in bank (aldersopsparing, can be accessed at age 60 iirc)
3% apartment (andel)
35% work pension plan
Spendings and savings for May (percent of income):
29% fixed spendings (including rent, insurance, etc.)
16% extra spendings (everything from movie tickets to dentist)
32% savings
23% work pension (was excluded before the edit)
Total 55% savings rate. Not bad from a general perspective, but it won’t impress anyone in this crowd, I guess
Step 2: Get informed
I’m currently reading an introductory book on investing, will need to look at the Danish tax rules too.
Step1: Get an overview of my current finances
These are just rough numbers to get started. I have no debts. 38 yo, living in Denmark.
Approximate assets, end of May:
WR rate of 12%
Assets distributed approximately as follows:
49% investment fund (actively managed by Crappinvest Inc., 30% stocks, 70% bonds)
12% in bank account at no interest.
2% private pension in bank (aldersopsparing, can be accessed at age 60 iirc)
3% apartment (andel)
35% work pension plan
Spendings and savings for May (percent of income):
29% fixed spendings (including rent, insurance, etc.)
16% extra spendings (everything from movie tickets to dentist)
32% savings
23% work pension (was excluded before the edit)
Total 55% savings rate. Not bad from a general perspective, but it won’t impress anyone in this crowd, I guess
Step 2: Get informed
I’m currently reading an introductory book on investing, will need to look at the Danish tax rules too.