Our Financial Independence Journey: Monthly Update #37 (January 2020)

Update 38


The first month of the year has passed and although a bit late, it’s time for this monthly update!

Personal life: What happened in January?

January has been a good month.

Our daughter has grown a lot and it’s amazing to follow her development. She is now much more mobile than before increasingly requiring her dad to look after her and help her avoid all the dangers of our apartment ๐Ÿ™‚

Work has been going at a good pace has been equally challenging and fun while allowing for plenty of time with the family. This is how it should be, and even though I would love to spend more time with my family, it’s a good balance at the moment.

In a few months, I will be going on paternity leave which I am looking forward to. My wife and I are planning a few weeks abroad before I have some time at home alone with our daughter.

Financials: How are we tracking on our FI goal?

January was an OK month financially – not good, not bad.

We ended up with a savings rate of 36%, which is slightly below our 12-month trend of 40%.

Our combined take-home income was at 59,942 DKK (9,222 USD). We managed to save 21,450 DKK (3,300 USD) resulting in the 36% savings rate.

Our net worth increased this month bringing us very close the 3 million DKK milestone – perhaps we’ll cross the line next month? ๐Ÿ™‚

Our total combined net worth is 2,971,117 DKK (457,095 USD), which is 1.0% higer than last month at 2,941,346 DKK (452,515 USD). 31% of our assets are liquid meaning they can relatively easily be converted to cash.

Stocks grew by 2.1% in January continuing the good journey onwards. However, the coronavirus has had some effect on this end-January and February.

Our real estate net worth increased by 0.5%.

Crowdlending increased by 1.0% which continues the good development. However, the risks of this asset became painfully obvious during last month’s crash of Envestio, which looks like a big scam. I did have some money invested in Envestio, but not enough to be a significant blow to our finances. I am, however, becoming much more cautious as to which P2P lending platforms I will invest in.

Lastly, cryptocurrencies increased by 37.9%ย towards the end of the month.

All our three financial independence goals increased this month due to more liquid assets:

  1. Three years’ expenses in savings: 63.9% (up from 60.4% last month)
  2. Optimistic FI goal: 42.2% (down from 40.3%)
  3. Traditional FI goal: 10.8% (up from 10.3%)

Blogging: How did key metrics develop on MoneyMow?

MoneyMow has been growing a bit and I can’t really figure out why. Somehow some of my older articles have started to pop up in search results again.

The metrics last month were:

  • Visitors: Number of visitors was 9,933, and increased by 14% compared to last month
  • Page views: Page views were 13,952 and increased by 7% compared to last month

I continue to be amazed at how many people read and interact on the blog. I have started thinking about how I can grow the blog further. There are many things I would want to do, but not enough time in this world ๐Ÿ™‚

Favorite posts of the month

My favorite posts of the month were:

That’s it for the first month of the year.

Have a great February ๐Ÿ™‚




Matt February 11, 2020 - 13:03

Thank you for your blog. It’s inspiring and entertaining – you write in a way that makes me happy for your success, and you share so much information. Please keep up the good work, you deserve the success you have achieved!


Carl Jensen February 11, 2020 - 16:47

Thanks for the kind words, Matt. I appreciate it!

Financefreedom.eu February 7, 2020 - 07:35

Great job, Carl!
Maybe the older posts are getting hits because of the new Google updates?

Carl Jensen February 11, 2020 - 16:45

Thanks! And yes, you might be right ๐Ÿ™‚


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