Our Financial Independence Journey: Monthly Update #38 (February 2020)

Update 38

We are now well into March and it’s time for the 38th update on our financial independence journey.

Personal life: What happened in February?

February was not a spectacularly interesting month.

Winter officially ended on March 1st, but it doesn’t feel like Spring yet. We have had a record amount of rainfall and our little family is beginning to long for some sun.

My paternity leave is coming up. I overlap a bit with my wife, so we have decided to go traveling for a couple of weeks at the beginning of it. We plan on coronavirus being long gone when this happens – otherwise, our trip could be in jeopardy.

Our daughter has developed a lot lately, which makes her a lot of fun, but also a much bigger mouthful to handle. She sleeps less well and that takes its toll on her parents.

Financials: How are we tracking on our FI goal?

February was a crazy month financially!

The coronavirus is spreading fear globally – and it can be felt on the financial markets.

All of my 2019 stock gains are practically gone after the past few weeks. I’m in this for the long haul and don’t care, but it’s so interesting to see the dynamics of the market.

We spent some money on pre-paying for our paternity trip, which means that this month was below average.

We ended up with a savings rate of 11%, which is well below our 12-month trend of 37%.

Our combined take-home income was at 66,604 DKK (10,247 USD). We managed to save 7,512 DKK (1,156 USD) resulting in the 11% savings rate.

Our net worth stayed flat this month and just increased a few hundred dollars. If the markets had not crashed, I would have expected us to finally cross the 3 million DKK milestone. Maybe next month? 🙂

Our total combined net worth is 2,972,074 DKK (457,242 USD), which is 0.0% higher than last month at 2,971,117 DKK (457,095 USD). 29% of our assets are liquid meaning they can relatively easily be converted to cash.

Stocks fell by 7.8% in February which was a pure bloodbath. The primary reason is the turmoil caused by the coronavirus. The beginning of March does not look better! Nonetheless, we continue to invest and see it as a chance to get stocks at a discount.

Our real estate net worth increased by 4.8% due to the historically low interest rates and a general price increase in the neighborhood.

Crowdlending increased by 1.0% which is our most stable investment. I don’t dare to invest more into crowdlending due to the latest scams unfolding in the industry, but it has been a very good investment for us so far.

Lastly, cryptocurrencies increased by 18.0% continuing a good trajectory from earlier months. The value of my portfolio is still lower than when I initially entered the market.

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

  1. Three years’ expenses in savings: 60.4% (down from 63.9% last month)
  2. Optimistic FI goal: 40.9% (down from 42.2%)
  3. Traditional FI goal: 10.5% (down from 10.8%)

Blogging: How did key metrics develop on MoneyMow?

MoneyMow is not growing that much anymore. I don’t have enough time to focus on the marketing side of things. I struggle to keep up with posts even though I like to write them.

The metrics last month were:

  • Visitors: Number of visitors was 10,350, and increased by 12% compared to last month
  • Page views: Page views were 13,028 and increased by 8% compared to last month

I would love to do more with this blog, but for now, I choose to be satisfied with the things as they are – and I can’t be disappointed with so many cool readers 🙂

Favorite posts of the month

My favorite posts of the month were:

  • The Humble Penny wrote a great post on how to become your home CFO. Working in executive management myself, I could relate to this post. You can use your job experience at home
  • Loui at Wannabe Walden wrote about not necessarily needing to follow the 4% rule with 25 times your annual spending. I have always thought that it was too much, and he reaches the same conclusion
  • Hustle Escape wrote about the productivity benefits of walking. I believe there are lots of things we can do to optimize our physical and mental health. I found the post on walking’s benefits interesting!

That’s it for February

Talk to you soon 🙂




Neuro Boost March 27, 2020 - 22:18

Keep updating us about your journey,these articles are really interesting!

Erik W March 13, 2020 - 10:32

Hi Carl, just wanted to say it’s fully understandable if you need to cut down on the updates, having a young child and all. And as your investments are long-term, being able to look away can be an invaluable asset in a time like this. Nevertheless, I hope we haven’t seen the end of your blog anytime soon. It’s very appreciated – I think you are a pragmatic person with a healthy view on life. All the best to you and your family.

Carl Jensen March 15, 2020 - 20:17

Thank you very much for the kind words, Erik. I really appreciate it 🙂

You haven’t seen the end, I’ll definitely continue, but the pace is to be decided.

Stay safe in these corona-virus days,


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