July 2019 update: 2,056€ passive income


Such an interesting month! I'm in a process that might mean my role will change significantly. It might mean lots of new things to do, new responsibilities, new things to learn. But it's still a bit open. And we haven't even started to talk specifics yet.

This process has taken most of my free time, which has meant almost no time to blog. Luckily that hasn't meant shutdown. On the contrary. It's the best month in the short history of the blog!

How much money do you need?


"I think people can have too much money", I said and was instantly met with amusement. "You can buy a sailing boat for me", was the response, followed by "and a new car".

It was midsummer night in Finland and we were already quite relaxed from wine. My audience was of friends who all have it quite well. Some have a million or two, some "just" hundreds of thousands. In the next circle of acquaintances, some have tens of millions.

June update: 2,122 € passive income


Another very interesting month behind and a big step closer towards financial freedom. My first stage goal is 3,000€ in monthly passive pre-tax income, which translates to 2,100€ post-tax. As per my previous post, my monthly expenses are about 2,200€, so the goal doesn't currently completely cover my expenses, but, there is definitely some wiggle room in my budget (ehm. travel) for me to still live very comfortably with what I'm targeting.

Ethical investing: how to profit from offsetting your CO2 emissions


The planet is dying. We're doing an utterly shitty job taking care of the so-far only planet we have. It's no-one's fault, and everyone's. If we are not blowing Earth up with fission bombs, we're slowly scorching it to ashes. But we don't have to.

How we grew our net worth to 900,000 € by age 35


When I learned that the author over at Budgets Are Sexy has a combined net worth a little north of $920,000 I thought "damn, this blogging legend is so far ahead!" But it turned out he's not so much ahead as I first figured. Many people count net worth as a combined household number. I never thought of that!

Grupeer review: crowdlending with 13% interest with full buyback guarantee


Grupeer is p2p investment platform from Riga, Latvia that operates in at least 7 different countries. Grupeer has three categories of investments: loan deals, development projects and a soon-to-be-released product they call the "stability fund". Loan deals and development projects are technically both loans and they behave in a very similar manner.

Robocash review: The easiest peer lending platform in Europe


Robocash is a P2P investment platform with 12% interest and very low risk. It is open for investors from the EU and Switzerland, but brokering loans from mostly Asia at the moment. Robocash is still small, but it belongs to a large, hungry parent company: Robocash Group.

Mintos review: over 11% return with no risk? Not so fast.


I've invested over 22,500 € into Mintos and got over 11% interest for it. The buyback guarantee and a diverse selection of loan originators is Mintos' strong points, making it a strong backbone of my P2P portfolio.

Bondora review: why Bondora shouldn't have a buyback guarantee


Bondora is a P2P lending platform from Estonia that works in a very straight forward way. You:
  1. Sign up and set up your account
  2. Transfer money
  3. Set up your investing strategy
You have three different investing options:
  • Portfolio manager is the basic loan allocator
  • Portfolio pro gives you more control of what loans to invest in
  • Go & Grow is a fully liquid 'fund' that gives you a fixed return
Once everything is set up, it's very hands-off: your strategy is automated and works in the background, hopefully making you richer every day - some strategies with much more risk than others.

May update: 2,089 € in passive income!


Another very interesting month behind and a big step closer towards financial freedom. My first stage goal is 3,000€ in monthly passive pre-tax income, which translates to 2,100€ post-tax. As per my previous post, my monthly expenses are about 2,200€, so the goal doesn't currently completely cover my expenses, but, there is definitely some wiggle room in my budget (ehm. travel) for me to still live very comfortably with what I'm targeting.

All the things I spend money on in a year. Total 26,477€


The moment of truth.

You know, I thought I won't do this this year. For a while I thought I had saved myself from doing this because I decided not to follow my expenses monthly last year. But then I looked into Tink, and got a little carried away.

By authenticating through Tink to the different banks I have an account with, I can aggregate all the transaction data for the whole year! Tink even categorizes it for me. After a while of scripting I got a result: 30,000€ spent on bars in January 2019. I'm sorry what? I'm sorry, Tink, but I'm pretty sure that didn't happen, or I'd remember it.

The #1 metric that matters when pursuing financial independence

It's not income

You've probably read about Johnny Depp's financial challenges. The guy allegedly has made 650 million dollars over the course of his career and it's all almost gone. Today he is forced to make more movies, work, which he receives an approximate 20 million dollars per movie. Imagine the agony.

There are countless of examples like that. Clearly even the highest of incomes isn't enough to guarantee financial independence. It's a component of that, but not the essence.

Hyperbolic discounting will ruin your financial targets


Ok I might have gone a LITTLE over board with the title, but nevertheless, it is absolutely critical to understand what hyperbolic discounting is.

Ok, maybe it isn't. Actually, it most definitely is not.

BUT! It's pretty cool. I promise you'll be entertained.

Agrikaab review: food production in East Africa

Background of Agrikaab

Agrikaab was founded in 2016 by Mohamed M Jimale, who was born in Somalia and moved to Sweden as a refugee. Having IT skills and ties back home to the nomads of Somalia, he decided to do something to help as drought hit East Africa.

April 2019 Update: 17 € from camel milk 🕺🏻


Such an interesting month! Wow! I'm calling this my April update, because I don't think I will be able to always do an update of the passed month right after the month changes. So, as I'm giving my update in April, this is the April update.

Traffic increased from 169 visitors to 243 😁. Now, absolute terms that's no much, but relative terms that's an increase of 44% month-over-month! I'm going to hit over 300 next month. It's a marathon, not a sprint.

I reached 100 Twitter followers, yay! I probably had less than 40 in the beginning of the month, so over +100% growth. I'm sure it gets tougher at some point.

I have 10 readers on my mailing list! That's 5 more than what I did in the beginning. Another +100% growth.

I have a couple of other blogs I write to, but the take off of this one has by far surpassed the others. I feel bad for not finding time to write to all of them enough. I will do my best though! 🙃

Let's get to the actual content, what you're here for. Passive income of this month: 👇🏻

What do aluminium production, food transportation, consumer loans and camels have in common?




The answer of course is: I've invested in all of them quite recently. Even though the month is only half way through. it has been quite an active for me. I've finally taken the steps to put my cash into use, leaving only a 2 month buffer on my bank account.

Three exciting things I need to share with you


Three exciting updates!
  1. I'm going to start tracking my passive income. This is my first update.
  2. Get a preview of how you compare to others in terms of wealth and savings rate
  3. A project to make an aggregate glimpse of Europe's FI-bloggers

The Ability That Predicts Wealth, Health And Success


A study found that there is an ability that some people have already as children, that later in life predicts wealth, health and success.

My net worth is 417 000 at age 35


It has taken me nine years to get here, but here I am, closing in on the midpoint of my journey. I was lucky to start my career during the previous stock market crash. Of course I had almost no money to invest, but emotionally it was easy. There was almost zero chance you could lose money on the stock market during that time.

When Can You Retire: The Calculator for Financial Independence


How long will it take for you to reach financial independence and retire early? This smart calculator will tell you exactly how long!

Who is The Wealthy Finn?


FINALLY someone from Finland who writes in English about financial freedom, right? Right!

My name is Eelis Vatanen, and I'm from Finland. I'm 35, I work in the IT sector, as does my wife - no kids (maybe one day). I've been pursuing financial freedom since I started my working life, almost 11 years ago. My original plan was to get to 1,000,000 € by the age of forty. With not many years to go, how am I doing?

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