Category: The FIRE

Make a plan and stick to it! (Or change it?!)

Make a plan and stick to it! (Or change it?!)

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In my Goals for 2020 I outlined my plan to boost my Total Balance in 2020, by diverting funds from my mortgage payments towards my Total Balance (investment account) instead.

Unfortunately, “The Universe” had another plan.

Sometimes it’s simply easier to “take the path of least resistance” (go with the flow?), than to “fight the system”.

In this case there were several reasons that ultimately made me change my mind, about using my mortgage as leverage to boost my Total Balance (and ultimately speed up the pace of making new investments). Allow me to explain:

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The goals for 2020

The goals for 2020

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A year has gone by in what seems almost as a blink of an eye.

As per usual (I love saying that – this is only my 2nd goals-post ever), it’s thus time to look ahead into the coming year(s), and see what might be in store for the Total Balance household.

Last year I set myself a goal to reach a certain target Total Balance at the end of the year. I did this to adhere to my 13-year (lean)FIRE plan, to reach my Total Balance goal within those 13 years (preferably sooner). As I revealed in my latest Monthly update I managed to reach my yearly target – just barely 😉

As I crunched the numbers after my first year of blogging in September, it quickly became apparent that the current plan relies heavily on the income from Property #1, which is not due to start arriving until year 2023 (October 2023). As this is more than 3 years away, it’s clear that if I want to reach my goal sooner than currently projected (which I do), I’m gonna have to up my game! (Like get Property #2 on the roster – quickly)…

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A tribute to TEoW

A tribute to TEoW

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Behind every (great) man is a great woman (rolling her eyes)…

This is a tribute to my (eye rolling) wife. Because she doesn’t get enough credit for her hard work every day, taking care of our family. I figured it was only appropriate to use the voice of my alter ego to thank her properly. And because part of this journey is also being grateful for what you have.

You all know a lot about me and my Total Balance. The truth is, it’s really not MY Total Balance – it’s OUR Total Balance. It’s time you guys get to know the real mastermind behind this endeavor. I might be the one leading the pen, but make no mistake – my family is my muse.

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Crunching the numbers of Year One

Crunching the numbers of Year One

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Since I’ve now been on the path to FI for more than a year (and recently wrote a somewhat philosophical rant about my first year on FIRE) I thought I’d spend some more words, looking into how the numbers have progressed during that first year. I (somehow) managed to grow my Total Balance by more than 40%! However, only 2.5% of that came from my investments (primarily crowdlending). That’s a little weak, Nick! You can do better than that!

Well, as always those numbers don’t tell the whole truth, in that I’ve made a big investment, which doesn’t pay out until the year 2023. I also have a substantial investment with Bulkestate, which doesn’t pay monthly interests, so there’s a bit of a “backlog” here, waiting to be paid out in Q4-2019. I also made a small investment with Brickshare, which is not scheduled to pay dividends until Q1-2020.

BUT, if we look at my property #1 investment and imagine that instead of a big payout in 2023 (which is currently the schedule) I’d get smaller installment payments from year 2020, the numbers certainly paint a different picture!

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One year later

One year later

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I wrote my first post on the 25th of September 2018, which makes today my blogs first birthday (I also started to get those domain renewal reminders a few weeks ago).

Much like real babies, it takes some work before they actually come out – so obviously the blog started way before that – but I figure it’s fair to consider the day of the first post, as the “official birthday” 😛

Since that first post 1 year ago, I have published more than 50 articles and received more than 300 comments (thanks for the support guys, I really appreciate it!) from over 4000 visitors. I know these stats might not be very impressive in the professional blog-o-sphere, but to me they are pretty awesome. I really didn’t have any expectations, going into this whole blogging universe, so seeing that people actually read my ramblings (on a regular basis!) has been one of the best parts of this journey so far. I love all my readers, so thank you all for reading 🙂

Lets look back at what happened in my first year on FIRE…

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Why consistency (and time) is the only thing you need to become a decent investor

Why consistency (and time) is the only thing you need to become a decent investor

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That’s right. You heard it here first (not really), people! The main trait you really need to become a decent investor, is time and consistency.

We’ve all heard (or read) the term “Time in the market beats timing the market”. I’m not a big fan of this saying to be honest, but I understand the message that it’s supposed to convey;

If you have money that you are willing to invest, do it now rather than later.

It doesn’t matter which asset(s) you choose to invest your money in – as long as you believe it will yield a decent return (and compound on a regular basis, preferably). As long as you invest in something you’re better off than if you invest in nothing (or worse; buy new cars and expensive gadgets on a regular basis 😛 ).

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Finding your purpose

Finding your purpose

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It’s no secret that a lot of us (humans) often struggle to find our “reason for being” – our purpose in life.

Why are we here? Where did we come from? Where are we going? These are some of life’s hard questions, and we’ve been (probably – we can’t really know for sure) searching for the answers since the dawn of man.

As I alluded to in my last post, I too have been (still am) struggling to find my purpose. It seems so spoiled to say this, when I have everything a man could ever ask for; A nice home, a loving wife (for the most part), a beautiful daughter and a well-paying job, in an industry that keeps screaming for more employees.

This is supposed to be the dream, but somehow it’s just not enough. I feel guilty for saying it, as I know there are people around the world, who can only dream of having what I have.

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Oops, I spent all my (FU) money! What now?

Oops, I spent all my (FU) money! What now?

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After I spent 8 months hoarding cash, I finally found Property #1 and now find myself in a strange vacuum.

I have yet to transfer the full amount due for Property #1, but since the money is now ear-marked, I’ve been having these strange feelings; Regret? Anxiety? Excitement?

I transferred the down payment for Property #1 last week (approximately 1/5 of the total cost), and felt nothing but excitement at the time. Now that it’s had time to really sink in, I find myself wondering: What now?!

Worst of all, it just dawned on me that while I might have gained a decent asset to my portfolio, I’ve lost something extremely valuable in the process: My F.U. money (you know – the money that would allow me to say F*CK YOU to my boss, and not worry about any sort of work for a while).

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Say Hello to my little friend (Property #1)

Say Hello to my little friend (Property #1)

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It’s been more than 6 months, since I first introduced my plans of purchasing a chunk of real estate, via a real estate development company. 37 posts later (!), and here we are! Of all those posts, this one is by far the most exciting one to write! 😛

I’ve spent countless hours reading numerous prospectuses and other investing material (I even spent quite a few nights out with the various developers). As fate would have it, Property #1 is not acquired via any of the developers that I have introduced on this blog (I suppose I’ll have to write a kind of “inside the walls” review now, won’t I? 😉 ).

I have been following their movements for a while though, so when a “hot tip” landed in my mailbox from an old friend (thank you, old friend!), I was ready to jump on the opportunity (what do you know, maybe I did learn something from my night out with the Rich Dad company) 😉

This is so exciting! Are we ready to meet Property #1?!

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Why I rarely get on a scale

Why I rarely get on a scale

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We’ve had a lot of “money talk” lately. I feel it’s time to dig into a little “personal wealth” as well, if you catch my drift!?

Part of the journey to FIRE is also a spiritual journey, in where you (most of us) try to find your inner balance along the way. What makes you happy and fulfilled? – Find out, and use FIRE as leverage to get more of it/spend more time doing what you love!

Society today dictates that we be skinny and fit, wear designer clothes and drive fancy cars, while we vacation on sunny islands and drink tropical drinks all day (while staying fit!). The youngsters today get more stressed and more depressed than ever, trying to keep up with the perfect instagram lifestyle(s). I’m here to tell you, to FUCK all that!

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