journal of wood

Where are you and where are you going?
wood
Posts: 270
Joined: Wed Sep 16, 2015 5:53 am

October'17 finances

Post by wood » Wed Nov 01, 2017 6:11 am

Rent 4 500,00
Adjustment rent -238,63
Internet 200,00
Electricity 636,00
Food & household items 3 816,87
Mobile phone 298,00
Needs total 4 712,24
Projects, hobbies, training, multimedia 189,00
Social & cultural events 1 992,90
Work cafeteria 321,00
Snus 0,00
Holidays, airplanes & boats 1 278,00
Other 2 024,00
Wants total 5 804,90
Total spend 10 517,14


Salary before tax 38 841,70
Tax 10 598,00
Union, pension, work insurance 1 366,13
Paid salary 26 877,57
Investments and accrued interest 500,00
Gifts 0,00
Total income 27 377,57
Savings rate 62 %

Comments:
- >60% for the first time this year
- Food costs have skyrocketed because of my diet, which will last through November
- The woman in my life (mum) turned 60, so a few one-offs happened
- My social life is still costing too much money

MDFIRE2024
Posts: 372
Joined: Fri Jan 06, 2017 5:09 pm
Location: Germany

Re: journal of wood

Post by MDFIRE2024 » Wed Nov 01, 2017 11:43 am

Hi wood. Congratulations to your >60% SR.
- What have you changed with your diet?
- What kind of expensive social life are you refering to? (bars, restaurants, concerts, beers, meetups...)

wood
Posts: 270
Joined: Wed Sep 16, 2015 5:53 am

Re: journal of wood

Post by wood » Thu Nov 02, 2017 2:54 am

MDFIRE2024 wrote:
Wed Nov 01, 2017 11:43 am
Hi wood. Congratulations to your >60% SR.
- What have you changed with your diet?
- What kind of expensive social life are you refering to? (bars, restaurants, concerts, beers, meetups...)
Thanks! I wrote a post about my diet and exercise on Oct 16th. I've increased my protein intake which means more meat/fish and generally getting more calories than before. It's a weight-gain program:)

Let me sum up the social events that cost money in October:
- Take away dinner x 3 (dating)
- Went to a bar with colleague
- Prepaid Xmas party with work
- Transport/gifts for mum's birthday

Suggesations for improvement are always welcome.

wood
Posts: 270
Joined: Wed Sep 16, 2015 5:53 am

Re: journal of wood

Post by wood » Thu Nov 16, 2017 2:55 am

My mum celebrated her 60th birthday. I did consider buying her a small holiday abroad and justified it by telling myself "it's a non-recurring expense", but eventually decided there are lots of other ways to show her how much I love her without transporting our bodies to some hotel abroad. At the family gathering I performed a speech and got her a small gift. She seemed very happy.

My diet/training program is progressing fine, but I have learnt something about myself: I do not like training programs at all. I want exercise to be a part of my life, but the more strict a program is the less I enjoy it. When this one is over, I will just set a couple of objectives for the year 2018 and work towards them while I focus on just enjoying. My weight has stagnated abit around 71kg, which is around the level I was aiming for.

On the downside, I've been doing terrible in the stock market recently.

User avatar
FBeyer
Posts: 762
Joined: Tue Oct 27, 2015 3:25 am

Re: journal of wood

Post by FBeyer » Thu Nov 16, 2017 4:03 am

If you don't like strict training programs: Get kettlebells. Once you get familiar with more and more movements you can easily just 'play' your way through a day's training. If you're in a hurry for some reason you can always crank out 10 minutes of swings.

If you've put on 5-6 kilos that fast, I'd suggest getting a cheap measurement of your current body fat percentage. When you bulk up that fast, you're bound to put on a lot of fat compared to muscle so it's worth yo-yoing your way to your ideal weight. I found out recently that in spite of having an outline of abs my BF% is actually 24 because my genes have decided to store almost all my fat viscerally rather than subcutaneously. I look healthy, but in terms of fat measurements I'm overweight; BMI 25, BF% 24.



When you say you've done terribly in the stock market, do you say so because you trade short term? If you're a long-term investor how do you define 'recently'?

wood
Posts: 270
Joined: Wed Sep 16, 2015 5:53 am

Re: journal of wood

Post by wood » Thu Nov 16, 2017 5:11 am

If you don't like strict training programs: Get kettlebells. Once you get familiar with more and more movements you can easily just 'play' your way through a day's training. If you're in a hurry for some reason you can always crank out 10 minutes of swings.
This is a great tip that I also advocate to others. I have kettlebells and they are genious if I'm not motivated and just want a quick fix strength workout.
If you've put on 5-6 kilos that fast, I'd suggest getting a cheap measurement of your current body fat percentage
Thanks for the tip. I plan to bulk down after Xmas, meaning more cardio and less calories. My weight is likely to slowly decrease back to where it was as I train for a marathon. My current BMI is 22, whereas it has always been around 19-21.
How do you fix BF% without losing weight? Cut fat completely and replace with protein?

When you say you've done terribly in the stock market, do you say so because you trade short term? If you're a long-term investor how do you define 'recently'?
I do swingtrading (weekly/monthly) and long term investing. Recently means the past few months in my book, but the whole year has been bad so far. I'm down about 10% since january, while the index I compare myself with is up almost 20%. On a positive note I've only put about 15% of my networth into stocks and I've learned a lot on the way. I still consider myself a novice in the stock market.

slowtraveler
Posts: 481
Joined: Sun Jan 11, 2015 10:06 pm

Re: journal of wood

Post by slowtraveler » Thu Nov 16, 2017 7:09 am

I am curious, why do you not index/Wellesley? I have been kicking ass with Wellesley in my tax deferred accounts and a 50/50 us/intl index in my taxable.

wood
Posts: 270
Joined: Wed Sep 16, 2015 5:53 am

Re: journal of wood

Post by wood » Fri Nov 17, 2017 4:21 am

slowtraveler wrote:
Thu Nov 16, 2017 7:09 am
I am curious, why do you not index/Wellesley? I have been kicking ass with Wellesley in my tax deferred accounts and a 50/50 us/intl index in my taxable.
Before this year began I was aware that indexing would probably yield better returns for me. I'm no expert investor. But indexing would leave little incentive for me to learn. I enjoy analyzing companies and picking stocks, even if I'm evidently more wrong than right (so far). If I had the means, I'd probably be an active investor/owner. I genuinely want to be an investor. This is part of the reason why I invested in real estate - I get to have more control, influence, ownership.

My asset allocation:
Cash: 17%
Individual stocks: 12%
Land in Kenya: 28%
Local real estate: 43%

My cash holdings will increase as I wait for a major correction. When it comes I will divert cash into index funds.

wood
Posts: 270
Joined: Wed Sep 16, 2015 5:53 am

Finances November 2017

Post by wood » Fri Dec 01, 2017 4:43 am

Time to put my head on the chopping block again.

The negatives:
- Terrible month compared to my recent history.
- Way too much money spent on work cafeteria and social life.

The positives:
- The terrible month was partly caused by one-offs mainly on the "needs"-side of things.
- Food costs are coming down after ending my eat-a-lot diet/exercise program.

Rent 4 500,00
Adjustment rent 1 132,17
Internet 200,00
Electricity 2 915,77
Food & household items 3 088,53
Mobile phone 313,74
Transport 200,00
Health (meds & doctors) 829,00
Clothes, hair & hygiene 824,96
Furniture, interior, insurance, maintenance 0,00
Needs total 14 004,17
Projects, hobbies, training, multimedia 806,75
Social & cultural events 2 908,00
Work cafeteria 436,00
Holidays, airplanes & boats 2 671,89
Wants total 6 822,64
Total spend 20 826,81


Salary before tax 40 394,20
Tax 10 718,00
Union, pension, work insurance 1 839,70
Paid salary 27 836,50
Investments and accrued interest 500,00
Total income 28 336,50
Savings rate 27 %

I have such a great setup with cheap rent, close to work/grocery and no family obligations. Why can't I save more?

User avatar
Eureka
Posts: 287
Joined: Fri Jun 10, 2016 11:03 am
Location: Denmark

Re: journal of wood

Post by Eureka » Sun Dec 03, 2017 5:22 pm

Electricity 2 915,77 ??

Post Reply