Mid Year balance sheet reflections

 Its been a while since my last update, I know, but finally found some time to sit down and do a proper Net Worth update at end of July. Not really that hard or anything, it just requires a bit of data collection across all of our family's various collections of wealth.  Looking at the … Continue reading Mid Year balance sheet reflections

A philosophical wealth moment…the cross roads!

A quiet Sunday spend celebrating my father-in-law, followed a quiet ๐Ÿคซ Saturday, where I was mainly home alone with the boys because wifey was at shift work, usually gets my mind wandering. Think ๐Ÿค” it started with the realization that our combined pensions, and free portfolio ๐Ÿ’ผ is actually almost about to cross 1 MILLION … Continue reading A philosophical wealth moment…the cross roads!

The Germans are coming…and other Covid-19 related PF news

Everyday life is slowly returning here in Copenhagen. The whole family is now back in the rat ๐Ÿ€ race. Still keeping distance, not taking public, and still haven't been out for dinner ๐Ÿฅ˜. Tomorrow, we are invited over to a couple of friends though, so we'll see how that goes. More importantly thought, summer time … Continue reading The Germans are coming…and other Covid-19 related PF news

Personal finance decisions during COVID-19

Lean back everybody, and hold on, cause we are about to embark on a bumpy ride. Trying to build that perpetual money machine that will allow you to reap the yields of the capitalist markets has not been that easy so far this year. What started out, as just a continuation of last years calm … Continue reading Personal finance decisions during COVID-19

2020 Savings rate update; 67% achieved so far.

What an absolutely stellar year 2020 ๐ŸŽ‰ has turned out to be so far. Well at least in one aspect, namely the SAVINGS RATE ๐Ÿ’ฏ for the Minimal5 family. I just sat down, and did an overview of the first 4 months of 2020, in order to sanity check if we are still trending on … Continue reading 2020 Savings rate update; 67% achieved so far.

6 reasons why it is so hard to choose Early Retirement

With my net worth pushing incrementally higher and higher for every month that passes and the resulting transfer of wage slave money ๐Ÿ’ฐ to the stock market, a new set of reflections are starting to set in. What will I eventually use my soon to be financial independence for? What is it that I am … Continue reading 6 reasons why it is so hard to choose Early Retirement

I would rather pull my own nose hair

Well, thatโ€™s obviously ๐Ÿ™„ not a very S E O friendly headline that will be bringing in a whole lot of algorithmic google traffic. It will be some creepy dudes googling nose hair. Thing is, it turned out to be just one of those days. Had to bring the car ๐Ÿš— to the auto repair … Continue reading I would rather pull my own nose hair

Started from the bottom now weโ€™re here….and a bit of FIRE blues

There are so many cool things on the internet. One of my latest additions to the backlog of saved links is; networthshare.com I fell over it by accident, after reading a fellow bloggers post, and it turns out to be an amazing site where you can log, update and share your net worth with everyone … Continue reading Started from the bottom now weโ€™re here….and a bit of FIRE blues

How to choose experiences over consumption of stuff

We had an "action packed" weekend coming up this weekend. The oldest had a soccer match saturday, we had a house warming Saturday at my sister in law, and the the Grand Finale, a romantic getaway from Sunday to Monday. Immediately my mind spins into a cost controlling state. A present ๐ŸŽ for the hosts … Continue reading How to choose experiences over consumption of stuff

Delayed gratification

I have recently seen the notion of "Delayed Gratification" mentioned in various FIRE ๐Ÿ”ฅ related posts. Delayed Gratification, what a brilliant concept. It does not come more FIRE like then that. I first noticed it in one twitter/Pinterest/Insta post some time back, and snipped it out offcourse... I think ๐Ÿค” it was some time before … Continue reading Delayed gratification

My financial goals for 2020

The vision is clear ๐Ÿ’ฏ- financial independence and potential early retirement. Or at least having the choice of an early retirement. The strategy is clear ๐ŸŽฏ- trim costs, keep savings rate high and invest, invest, invest. The tactics is clear ๐Ÿ’ก- conservative dividend paying stocks (listed and unlisted), activating assets to yield additional income. The … Continue reading My financial goals for 2020

Dividend Portfolio – Ultimo year status and 2020 outlook

Portfolio status for 2019, outlook for 2020 and evaluation of strategy.  2019 is coming to an end, and what is better then to look back and evaluate and then look forward and confirm/renew your strategy. The Minimal5 portfolio - which is the one that will bring me to FIRE - is currently standing at 2.837.211 … Continue reading Dividend Portfolio – Ultimo year status and 2020 outlook

Family minimalism – How to?

It's funny how you sometimes get an idea ๐Ÿ’ก for a blog post that you don't quite know where will end up when you are done. I recon this post will be such one. My chain of thoughts were actually triggered this morning, where I was woken up by my wife and two oldest, as … Continue reading Family minimalism – How to?

When the tide comes…why we might need a new recession…

There is an old saying that goes something like "when the tide comes we'll know who has been swimming naked". We are currently writing anno 2019, and it seems like a long time ago, that the tide was here. That is in a lot of senses good, as we are currently enjoying the economic benefits … Continue reading When the tide comes…why we might need a new recession…

Savings โ€œfatigueโ€ – does it happen to you as well?

October is turning into November. Days are getting shorter here on the northern latitudes of Copenhagen. It is now dark when we wake up, and darkness comes sooner and sooner in the evenings. Even though we try to trick reality by arbitrarily turning the time an hour, we cannot escape the turn of time. Only … Continue reading Savings โ€œfatigueโ€ – does it happen to you as well?

โ€œPassiveโ€ income from blogging – Iโ€™m killing it !

If you are a recurrent reader of this blog, you would have run in to one of my monthly blogging updates where I try to share some insights and learnings from my newbie/rookie blogging endeavors. Historically, ...well the last 5 updates or so...I have focused a lot on all my blogging/SoMe activities I have run … Continue reading โ€œPassiveโ€ income from blogging – Iโ€™m killing it !

Am I there yet – The FIRE calculator

There is so much cool stuff on the internet, and recently I found one of those things that I just have to share with my crowd. It's the campfirefinance blog/website. Not only is it a really cool FIRE blog, but it also sports a very comprehensive list of all the FIRE blogs that can be … Continue reading Am I there yet – The FIRE calculator

Girl on girl cat fight on twitter – Grrr. Topic; 4% withdrawal rule.

WTF - I got into my first blogging fight the other day. On twitter. Over optimal retirement withdrawal rates. Zzz ๐Ÿ˜ด. Background story: I saw a tweet from someone saying something in the likes of; "why you might need to save more then 25 years of net worth even if applying 4% withdrawal". Off course … Continue reading Girl on girl cat fight on twitter – Grrr. Topic; 4% withdrawal rule.

Dividend portfolio update – Tops and Bottoms are for Fools and Liers..

Aarh finally a bit of computer alone time. ๐Ÿ’ป What a great opportunity to update my dividend portfolio overview with the latest additions and developments. ๐Ÿ’ฐ๐Ÿค”๐Ÿ’ฐ Since the last update, I have actually done two additions. โœ… First, I purchased 100 shares in the danish farmaceutical company Novo Nordisk. โœ… Second, I purchased 100 shares … Continue reading Dividend portfolio update – Tops and Bottoms are for Fools and Liers..

High asset prices and the effect on our kids?

Who would have thought that being benched for 3 1/2 hour on an airplane seat would lead to a minimalistic/financial independent blog post. Nonetheless that is what happened yesterday. I was in the middle seat, with my oldest on the right and middle one on the left. It got pretty boring, so at one point … Continue reading High asset prices and the effect on our kids?

The negative side effects of having debt

If you are a regular follower of this blog, then you will know that I have just spent a week vacating with the in-laws in beautiful Cyprus. You can read more on that here. So what is the most natural thing to do when you are on vacating ... well thinking ๐Ÿค” off course. I … Continue reading The negative side effects of having debt

Book Review – The Grapes of Wrath – by Minimal5

Finally - I've finished a book. I've finally done โœ… it. I've finished one of the great classics that I have wanted to finish for so long now. ๐ŸŽ‰๐ŸŽ‰๐ŸŽ‰ ~This post contains affiliate links, meaning, at no additional cost to you, if you click through an affiliate link and make a purchase, I may make … Continue reading Book Review – The Grapes of Wrath – by Minimal5

Vacating with the in-laws (MiL,FiL +++)

Almost thought about naming this blog post - how to swallow your pride, in order to save a few bucks. But as you have guessed by now then, from the title and follow up, I am going on vacation with the in-laws. Only 7 days away now. Sigh. ๐Ÿ˜” I am not an ungrateful middle-aged … Continue reading Vacating with the in-laws (MiL,FiL +++)

Yihaa…a new renter…passive income rules!

How excellent is that, just when you thought the Airbnb renting season for our vacation home had faded away, then I managed to get a mid October request, from a young German couple ๐Ÿ‡ฉ๐Ÿ‡ช who wants to visit the northern part of Denmark ๐Ÿ‡ฉ๐Ÿ‡ฐ. Total for the 7 nights is around 500 USD ๐Ÿ’ต๐Ÿ’ต๐Ÿ’ต I … Continue reading Yihaa…a new renter…passive income rules!

How to stay the course towards financial independence…

To consume or not to consume, that is the question. If you, like the author of this blog, is pursuing a route towards financial independence, the answer to the question will increasingly be not to consume. How low you can bring your monthly expenses down will be very individualistic, and how much is left when … Continue reading How to stay the course towards financial independence…

How to escape the rat race…

There is no getting around it, the very reason some of us devote our life to a FIRE way of life is the ultimate Financial Independence part, so that we have the option to Retire Early. The Financial Independence part is basically driven be capital income as opposed to labour income. So the goal is … Continue reading How to escape the rat race…

Reflections on Dividend yields vs. capital gains.

Choices, choices...choices They are everywhere, at every time, ever present. They are present in our daily lives, at work, at home, everywhere. We are constantly bombarded with choices in every aspect of life. Choices that require our attention, decision making and ultimately - A Decision. That is, unless you deliberately ignore them. See that is … Continue reading Reflections on Dividend yields vs. capital gains.

Save us Ogier…

So the ECB lowered their interest rate today, in a move that saw the interest level drop to a staggering -0.5% ...(yes that is a minus sign). Shortly after, the head of the national bank of denmark followed up, with a move down in the danish lending rate to -0.75. (Again, yes a minus sign). … Continue reading Save us Ogier…

How I am building my DGI portfolio – Update #2

If you have been following this blog on a recurrent basis you will have learned by now, that I am actively trying to pursue a financial independence strategy. I did my first post on my portfolio of listed and unlisted shareholdings some time back, which you can find here; How my DGI portfolio performed in … Continue reading How I am building my DGI portfolio – Update #2

The F*ck you account – net worth update #2.

Once in a while you have to remind yourself why you are doing what you are doing. Why have I insisted in trimming down our fixed and variable cost in our household, why are we targeting a 50% savings rate, why are we actively plowing all of our proceeds into active investments. Why are we … Continue reading The F*ck you account – net worth update #2.

The secrets of blogging – #5 month update…

Vacation time is long gone, and I am slowly adopting back into the normal 9-17 corporate grind, feeding my kids, and then some left hand blogging. I have to say, that I took a deliberate pause from blogging in July due to vacation, and it has actually been kinda hard to get back at it. … Continue reading The secrets of blogging – #5 month update…

The death of animal spirit

It's a big world out there, and currently we are not anywhere near normal economic circumstances. Every day that goes by, and I keep reading more and more extreme economic and financial stories. Lately read, that the 100 year Austrian bond that was recently issued had gone parabolic, due to the ever falling interest level. … Continue reading The death of animal spirit

Car considerations – I so want that Tesla …

Back from vacation and I can't help thinking about the one topic we have been debating a bit in our small Minimal5 family. The car ๐Ÿš— situation. A bit of background information for all of you new comers to the Minimal5 blog; we have a Citroen grand C4 Picasso, with the smallest gasoline engine - … Continue reading Car considerations – I so want that Tesla …

My first 3 months of blogging – the dreaded status

OMG ... its been 3 months already. Being a part time blogger, I recon 3 months is not that long of a time. When you only have an hour here and there, you really have to prioritize what you do, and where you focus our time. This post will be a follow up, on my … Continue reading My first 3 months of blogging – the dreaded status

We sold our balcony – I know – weird?

Don't worry, we don't have a homeless guy living on our balcony now or anything, but this story is kind of a weird one. It does involve money though, which by some completely random events have found its way back into my wallet. Which is why I will be writing about it. Because hey, any … Continue reading We sold our balcony – I know – weird?

Being struck by minimalistic nemesis

Progress on our minimalistic journey is moving on slowly but steadily. We are saving where we can, doing a bit of recycling, up-cycling and what not. ~This post contains affiliate links, meaning, at no additional cost to you, if you click through an affiliate link and make a purchase, I may make a commission~ My … Continue reading Being struck by minimalistic nemesis

My 19 steps to sanitize the family budget.

Actively pursuing a financially independent lifestyle will require you to understand your financial situation in detail. You need to understand your personal balance sheet and financial net worth. I have written a blog post about that here; Family Net Worth Update #1. Additionally you will need to understand your income statement, and especially the cost … Continue reading My 19 steps to sanitize the family budget.

Circular economy or just being plain cheap? The

I like to think that we don't buy a lot. On a personal level I still have some of my T-shirts from my teenage years. Way before any one had invented concepts like Maria Kondo, decluttering, zero waste, minimalism, F.I.R.E. and the like. This is good, because both me any my wife also tend to … Continue reading Circular economy or just being plain cheap? The

2 months of blogging – status Updated

As May turns to June, it is once more time for a blogging update in order to evaluate progress towards that utopian status as a Global Minimalistic Influencer. One thing that happened early in the second month of blogging, was an e-mail from WordPress, informing of my first 100 Likes. Almost simultaneously the word from … Continue reading 2 months of blogging – status Updated

Family Net Worth Update #1

Finally found the time to sit down and do a proper calculation of the net worth. I will be aiming to update it monthly going forward in order to properly track the progress of this financial independence barometer. It's actually quite a healthy exercise, to be so specific about your own personal net worth, and … Continue reading Family Net Worth Update #1

9 essentials for the camping trip

Planning a little getaway for the weekend even including the kids and the spouse, but feeling repelled by the cost outlook, the carbon footprint associated, and the inflation of material expectations of your kids. ~This post contains affiliate links, meaning, at no additional cost to you, if you click through an affiliate link and make … Continue reading 9 essentials for the camping trip

How I ended up with my first real estate investment

Following the various debate and posts on financial independence - early retirement here in Denmark, there is a lot of focus on real estate investments. I am a strong believer in real estate in any dividend portfolio, and I have been thinking/dreaming/planning my own journey into real estate for years. I have always known/wished that … Continue reading How I ended up with my first real estate investment

How I made 1$ blogging

Passive income - the holy grail of F.IR.E. Lean back, kick your feet up, and enjoy that steady stream of income hitting your PayPal account while zipping Pina Coladas at the pool bar. Sounds intriguing right. Well, news flash - get ready to work hard for that steady stream of income. Admitted, I could have … Continue reading How I made 1$ blogging

Vacation planning 2019

I have been wanting to do this post for some time now, but as we haven't got around to actually do the planning before now it hasn't been quite possible. ~This post contains affiliate links, meaning, at no additional cost to you, if you click through an affiliate link and make a purchase, I may … Continue reading Vacation planning 2019

How to counter lifestyle inflation

Lifestyle inflation, I think we have all experienced that concept in one shape or form. It is rather hard not to when you go through the various cycles of life. ~This post contains affiliate links, meaning, at no additional cost to you, if you click through an affiliate link and make a purchase, I may … Continue reading How to counter lifestyle inflation

My top 9 products to help keep costs down.

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Let's face it, keeping daily costs down is not an easy task, and living in a city you are surrounded by possibilities and opportunities. Possibilities that will help your money crawl out of your pocket. ~This post contains affiliate links, meaning, at no additional cost to you, if you click through an affiliate link and … Continue reading My top 9 products to help keep costs down.