The Christmas paradox

The Christmas paradox

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When I was a kid, I used to love Christmas (which kid doesn’t?!).

My parents divorced when I was very little, so I’ve always had two Christmas eves! One with my dad and his family, and one with my mom and her family. Some times I would get presents for 3 days straight (23-24-25), because I also had “step-families” (my mom and dad both remarried a few years after their divorce). I’ve never actually seen their divorce as a misfortune. Because they both remarried I had two happy families – and 4 set of grandparents!

IMAGINE that, as a child at Christmas! – Yes, you guessed it; presents galore!

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Monthly Update #15 (November 2019) – The Pause

Monthly Update #15 (November 2019) – The Pause

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It’s December already! And this means it’s time to look at some numbers from the great month of November!

This monthly update is a bit delayed, as I’ve been on “Pause” since the end of November, where we went on a holiday to Egypt (again!?) to catch some sun and some much needed Vitamin D. Since we returned from our holiday, I’ve been a bit busy at work, and the Christmas month is always a busy month, right?! So I haven’t really had the time to work on the blog.

Anyway, the good thing about passive investments, is that they continue to earn money, even though you’re on a pause 😛

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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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Crowdestor gets a facelift and adds 2FA – yay!

Crowdestor gets a facelift and adds 2FA – yay!

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Quick update from your friendly neighborhood Total Balance guy!

Crowdestor announced last month that they were gonna give their website an overhaul, and it has now arrived.

Why should you care, you ask?

Well, I think it’s noteworthy when a young company decides to completely re-vamp their website and add extra security features at the same time. Kudos to Crowdestor, for taking security serious, unlike some other folks out there! It tells me that they are serious about their business 😉

Lets have a quick look at some of the new features!

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Crowdlending platform (in)security check

Crowdlending platform (in)security check

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On Oct 14, I received a disturbing E-mail from one of the Crowdlending platforms that I currently have investments with. This was the exact message:

Kuetzal website was attacked this Sunday, it was successfully reflected by Kuetzal, but for security reasons, some passwords may be deleted. If you can’t sign in your account, please use “reset password”, or contact Kuetzal support team.

Ahem, WTF?

I obviously immediately attempted to logon to my account, but couldn’t. – So I had to use the “Reset Password” feature. I then received a new randomly generated password, in clear text via E-mail. Forgive me if I’m being too technical here, but this is a huge no-go! It was not a temporary one-time password that I was forced to reset after using it, so that only made it worse.

When someone sends you a password in clear text to your E-mail, you should be worried about your (or your data’s) safety! (You should receive a unique link to reset it via a web-form!)

This experience prompted me to run a few common security-related “tests” (no systems were harmed during this test 😉 ) on all the platforms that I’m currently using (14), to uncover whether this poor security hygiene was a widespread issue.

What I uncovered was fairly shocking!

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Monthly Update #14 (October 2019) – The Golden Shuffle

Monthly Update #14 (October 2019) – The Golden Shuffle

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Here we go again! Another month blew by, and it’s thus time for another riveting financial update from yours truly!

It has been quite an eventful month!

I sold some stuff, bought some new shiny “stuff”, entered 3 new crowdlending platforms and exited 1 (actually planning to exit a few more). I also received my biggest payout to date, which I had been waiting for for an entire year! It feels good to harvest the first fruit from a seed that was planted more than 1 year ago!

I also teed up for another Brickshare investment, which I promised in last months update (see the project here). It didn’t quite make it onto the books this month though, as the payment hasn’t been processed yet (not sure what we are waiting for, but I will let you know, once I know more!).

Anyway, enough jibber-jabber – let’s get to it!

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A lazy mans guide to budgeting

A lazy mans guide to budgeting

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I know.

It was bound to happen eventually, right? – “How to do x-y-z” is the most boring blog posts of them all. I do believe we even refer to them as “filler posts”. Something we use to fill the void between the good stuff, right? – But not this guy! I’m here to tell you that this IS the good stuff! Why? Because, it involves the use of technology to help me (and you) to facilitate my favorite activity: being lazy.

Thanks to the somewhat monopolized payment industry, I no longer have to lift a finger to control my spending. How is that, Nick? You might ask. Well, to be fair, the monopoly doesn’t exactly help me control my spending – but it helps me categorize my spending, which is pretty much the most important part, of budgeting…

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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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Monthly Update #13 (September 2019) – Business as usual

Monthly Update #13 (September 2019) – Business as usual

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Another month, another update from yours truly! 😉

I threw out a little teaser in my “One year later” post, and promised that a little excitement was on the horizon for the coming months. Well, the excitement is still in the making, so it won’t be until next months update that I can reveal, what I’ve been up to 😉

I will say this though; Brickshare announced a new project in September (in Vanløse), and they have another one on the ramp (Rødovre). I plan to invest in both. How, Nick?! You have no cash! Oh ye of little faith; where there is a will, there is a way – and I have a way 😉

Anyway that’s for next months update! Let’s have a look at what happened in the Total Balance household in September.

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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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