Our Financial Independence Journey: Monthly Update #27 (March 2019)


First quarter of the year has passed and spring has arrived in Copenhagen.

It’s time for the monthly update from March.

Personal life: What happened in March?

We spent the month working and getting our house ready for a new family member to move in. We have now decorated the baby room and bought the essentials for when our baby arrives in a couple of months. We are beyond excited to meet her (yes, it’s a girl! :-)).

Knowing that we will soon have less time to enjoy each other’s company without disturbances, we treated ourselves to a weekend getaway at a spa. It was great to spend time reading (it reminded us of our mini-retirement) and having good conversations.

We also participated in our first FIRE meetup in Copenhagen, which was fun to experience. I got to meet fellow bloggers and listened to a panel debate by Jacob Lund Fisker (from EarlyRetirementExtreme.com) and a few other personal finance experts. It was a great evening and fun to meet like-minded people.

I have started to wonder whether I should stay in my current job. While the pay is good, the hours are relatively long, and I would like to spend more time on family and hobbies. At the same time, I have started to receive quite a few headhunting offers that sound interesting. More about this to come in future posts 🙂

Financials: How are we tracking on our FI goal?

Financially, March has been a great month. We managed to increase our net worth and maintain a relatively high savings rate whilst investment returns were very good!

In March, we managed to get a savings rate of 54%. This is above our target of 50% and it seems like we’ll be able to keep this up in the near future. Our income (and expenses, I guess) will change a bit when we go on maternity/paternity leave, but for now we are good.

MoneyMow savings rate over time (%)

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Our combined take-home income was slightly lower than normal at 65,779 DKK (10,120 USD) and we managed to save 35,614 DKK (5,479 USD) resulting in the 54% savings rate excluding income from the blog, but including a little tax return.

Despite spending a bit on essentials for our baby, we managed to keep other expenses in check this month.

Our net worth developed positively this month reaching an all-time high primarily driven by great stock returns, savings and real estate increases.

Our total combined net worth is 2,446,095 DKK (376,322 USD), which is 4.5% higher than last month. Most of our assets are illiquid:

Liquid assets still make up 28% of our total assets with a value of 686,925 DKK (105,681 USD).

Illiquid assets still make up 72% of our total assets with a value of 1,759,170 DKK (270,642 USD).

All investments increased in March. I’m thinking a crisis could hit anytime soon, but as any good investor I’m not fearing a financial crisis.

Real estate prices increased with 3.8%.

Pension increased with 1.9% (excl. employer contributions).

Stock indexes increased with 1.8% last month continuing the good trend of returns for 2019 so far.

Bonds increased with 0.2% as previous months.

Crowdlending increased with 0.7% – nice and steady.

Cryptocurrencies increased for the second month in a row (after declining for a year) with 8.2%.

We progressed on all our three financial independence goals this month:

For the first goal, we are 47.7% (up from 45.1% last month) of the way towards having three years’ expenses in savings.

For the second and third goal, we are 32.7% (up from 31.1% last month) of the way towards reaching our optimistic financial independence goal and 8.4% (up from 8.0% last month) of the way towards reaching traditional financial independence.

Blogging: How did income and key metrics develop on MoneyMow?

This month has been crazy on MoneyMow.com.

Traffic and income have exploded,  and to be honest, it came as a big surprise. Several of my posts started performing really well. The mix of visitors also shifted towards more US and UK visitors being the majority where visitors from Denmark made up the majority previously.

The metrics grew significantly this month and broke all records:

  • Visitors: Number of visitors were 21,007 and grew with 75% compared to last month
  • Pageviews: Pageviews were 28,469 and grew with 53% compared to last month
  • Income: Income from sponsors, affiliate and AdSense was 15,717 DKK (2,418 USD), which is another record

I was really surprised to see this development and don’t expect it to continue at these levels, but I’ll do my best to keep it up 🙂

Favorite posts of the month

My favorite posts of the month were:

That’s it for March. See you in April!



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Morten K. Petersen April 22, 2019 - 13:45

Hi Carl
Jeg er meget imponeret over din transperants, din blog m.v. Især at du tjener ca. 15.000 DKK fra bloggen! wow. Det er helt vildt – Kan/vil du fortælle lidt om fordelingen? Er det adsense eller affliates som trækker en stor del af det? Fortsæt det gode arbejde
Morten / Udbytteinvestoren

Carl Jensen April 24, 2019 - 15:07

Hi Morten (I’ll reply in English, hope that’s fine!),

Thanks for the kind words 🙂

Yes, I believe I get roughly 50% from affiliate, 40% from sponsored content in different forms and 10% from ads.

All the best,


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