Not that it matters much to the content on the blog, but I thought I’d share a few bits of info so you can see where I’m coming from. I’m a bit of a systems-guy so I’ll do it in bullet points:
- I’m 32 years old
- I only got my first fulltime job at age 27 after dropping out of my Master’s degree. Am on my second job now and managed to transition into the finance sector which was a small goal of mine.
- I live with my wife and 2 small children. We live between Aalborg and Aarhus Denmark
- We bought our house in July 2016 and a lot of our spending continue to be associated to that. Maintenance, remodeling, tools etc. We’re past the biggest expenses but still have the kitchen one ahead of us – I’m pushing to leave it be for at least 10 years but the wife might not agree 😉
- We bought on a 20-year fixed mortgage. Am not sure that is that I’d recommend it for others, but it made the most sense for us, reasons not entirely financial. We’ve since refinanced to 15-year fixed at only 40% loan to value ratio after a crazy assessment and will probably just let that run on schedule.
- I currently max alderspension (type of Danish retirement account similar to Roth IRA) at nordnet.dk for both me and my wife. I throw it all in Superfonden which is a 0% ÅOP, zero purchase fee C20 Cap index fund. I balance this out by putting my arbejdsmarkedspension (employer pension) in a 50/50 split of a MSCI US-index and a MSCI world index.
- On top of that we pay around DKK 9,000 monthly into a normal brokerage account and invest that in fairly random stocks though with a slight lean towards sustainability and a bias against stocks with traditionally high dividends.
- I hope to be financially independent by age 50-55. I’m not even sure I’ll want to quit the job if/when the time comes, but I want to be able to take long vacations when wanted and probably for both of us to go part time. Burnout is real and although I’m not affected by it, who can say what their job-situation is in 20 years. Coincidentally our house will be paid off by age 47 on the current schedule and kids will probably all have left home when we’re 55.