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.

After I started blogging in 2011, I thought I had things figured out. I started picking stocks "my way", and, well, that didn't work out so well. I was pumping more savings into my portfolio and just barely keeping it afloat, even though it was "only 30k".

I then abandoned picking stocks myself for a while and started following the stock picks from a paid service called ValueSignals. The subscription included a stock screener that I grew fond of. After a while, I started picking stocks on my own and while I barely kept up with the index, I fell much behind ValueSignals' own portfolio. It took a lot of time and had marginal impact. So, I decided I would start just investing in the index and forget about it. Picking stocks wasn't for me.

In 2015 I got interested in peer-to-peer lending. I figured I needed to get ready for a downturn, since the bull market was getting quite old and was looking for alternatives. The crisis in the PIGS-countries had been going for so long that it seemed inevitable the stock market was not going to grow for much longer. Currently, my stock portfolio is significantly smaller compared to my peer-to-peer loans, which at least for the past year has worked marvelously.

So that gets me here.

My net worth is at the time of writing about 417 000 euros. Considering I live in Finland, where my income tax rate is over 40%, I'm quite satisfied. Most of my wealth I've saved, but sadly last year I ended up inheriting also a small sum.

I usually save 40-50% of my net income. My Financial Independence calculator tells me I should be alright earliest by the age of 40, latest by 45. I'm working on ensuring it's closer to 40 than 45 😄. If I really-really had to, I could cover all my basic needs with my current passive income. For this reason, I haven't worried about the future for a long time.

So now you know more about my financial situation than most of my friends. If you'd like to join me for the last years of my journey to financial independence, feel free to subscribe to the newsletter. I'll make it worth your while.

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