Going mad over 20 bucks

Hi guys,

I am traveling between Germany and Portugal this week. Since I got a much cheaper flight route from central Germany (instead of northern Germany, where I usually flight from), I decided to take that route for what I needed to stay at an hotel (altogether I probably saved 200 bucks, if not more). On top of that, my employer pays for hotel stays in cases like this, so it is kinda of a win-win.

However, they don’t pay for beverages from the mini-bar. I happened to be very thirsty at some point, so I decided to go for a water bottle from the mini-bar. I knew they are usually more expensive than anywhere else, but I was thirsty and could not buy it elsewhere. When I checked out, to by biggest surprise, it cost about 5 bucks! Yes, the price was probably there all along, but I never imagined a water bottle would cost so much. This left me angry, but the story doesn’t end here.

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#RP3 started!

My dear dudes,

new rental property

How it will look inside, soon…

I am sorry this heads up took a while more… I’ve been busy… if you follow my blog you’re aware that I bought rental property 3 (RP#3) and I was waiting for the official purchase to be confirmed, as the process when back and forth a few times. Well, I finally transferred it into my name. 🙂 This is sort of a game changer, so I need to explain this deal in detail.

This is a 6-unit rental property (yes I more than doubled my unit count)! Although extremely cheap, I will have to throw a LOT of dollars into it. I payed about €33k for it and I will have to throw another about $15k so it is ready to rent out. Total, I expect to invest about €48k in the purchase, renovation and furniture.

My contractor hasn’t picked up a hammer yet, and I’ve already thrown over €5k into it, distributed among requests to federal and local taxes and bank fees. 🙁

Either way, I added another 6 units to my portfolio and I am finally at 10 units! Shit, the dream is happening… with this rental property, I now have 10 units! I will probably be the landlord of about 25 people, assuming an average of 2,5 people per unit. And you know what? I like this game so much I just submitted another offer (more to come later on…).

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September 2016 (101591.13€)

I am currently worth €101591.13 (this is 15.16% of my first goal of €670K).

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If you woke up being 20 years old again…

…what would I do to become a millionaire? This was such a good exercise… maybe I will be hustling to make it happen!

OK, I would wake at age 20. I estimate it would take me 5-7 years to reach a million bucks of net worth. During this time, I would be living as frugally as possible and working part-time for the first 2 years to cover my expenses and build up my credit score (through secure loans).

The “Education”

  • 20 years old: For starters, I would not have done my PhD; instead, I would get a PhD directly from millionaires. Think about it, people spend tens or even hundreds of thousands on a degree to learn from professors, but the majority spends less than $1000 over their lifetime on books. Why would you not want to read a book written by a millionaire, who is basically giving you his formula in exchange of something like 10 bucks? I would read all these Books, understand that money is a tool, which I should use and not be used for.OK, so education is almost solved (after all at this point I know all the formulas from the major businessman on earth), but to top it off I would look for a mentor. Knock on doors and show my excitement to learn from them. I estimate this would take three to six months.

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The story of my health and the reason why I want to retire early

Hey buddies,

Today I will talk about a sensitive topic that some of you brought up either on the comments or by contacting me directly. The question that I get a lot is “what is really what you have, health-wise?”. In this post, I will address this, as this is the reason why I want to retire early.

OK, so before 2012 I was a super healthy dude. I use to feel great, energetic and fully functional. I was a dedicated (yet drug-free or “natural” as we call it) bodybuilder – to be point of considering competition! Use to run for miles day in day out and go to the gym every other day. I also had highly efficient brain activity, good performance at my work, and success with girls if that accounts for health 🙂 I am not a geek BTW. Many of you asked me whether I am a geek as I read a lot and I have a PhD and the answer is absolutely not. 🙂 Continue reading

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2017 – a (special) gap year

My dear dudes,

As I told you in a previous post, I will be taking a year off, starting either from January 1st, April 1st or November 1st, 2017. Most likely, it will be from January 1st onwards. Before I am hit by a lot of you guys, I will be doing this because (1) I am putting my health before everything else, (2) I know that my portfolio will not decrease during the year and (3) I am willing to shift my retirement by one year.

Taken from http://o.aolcdn.com/

Taken from www.aol.com

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August 2016 (94666.78€)

I am currently worth €94666.78 (this is 14.13% of my first goal of €670K).


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A new challenge – reading 100 books in 10 months

My dear dudes,

I have suggested this before, but I haven’t really made a decision till now. But now, it is time to say that, in 2017, I will be talking one year off. The decision is made and I am not coming back. I feel way too tired and I feel that I need to rest, and work on personal projects that I really get a kick out of, including this blog and a few other projects.

In October/November, I will lay down an entire plan for the year, and how I expect to cover my expenses and grow my net worth further (I will try to add another €50k to my net worth). Right now, I want to tell you about a smaller challenge within this mega news: I will be reading, reviewing and commenting on 100 books in 10 months (this is 10 books a month).

If you haven’t noticed, I am already revitalizing the “Books” section, introducing new books and taking it to the next level. The section will catch god damn fire, so stay tuned for more!

If you have any suggestions that are NOT in here, shoot me a message.

Thanks for all the support (especially the messages sent from the “contact” form of the blog). I am still catching up on answering them all!


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What would I do different if I could go back in time?

Hey folks,

You may know that I am an avid fan of Quora. I usually like to answer questions pertaining to Personal Finances (ranging from Real Estate to stocks), generic Life Advice, and more. I recently came across the question “What would you do different if you could go back in time?” (the question was later changed to “How do people get rich?”), in the category of Money and Personal Finance.

My answer has gotten around 70k views; I think that my vision is somewhat peculiar, and I’ve gotten positive feedback, so I thought about extending it a little bit here on my blog. So, without further due, if I’d either go bankrupt or 10 years back in time, here’s what I would do, now that I know how people get truly rich:

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July 2016 (85768.82€)

I am currently worth €85768.82 (this is 12.80% of my first goal of €670K).


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