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How would you like to travel the world and live only on passive income? That is what I am currently attempting to do. I am currently traveling in Brazil and living only of several passive income streams. If you want to learn how you can do the same, follow my journey on this blog.
“What would you do if you had a 1 million euros?” If you would have asked me that question 10 years ago I could tell you exactly what kind of sailboat, Italian motorcycle and what luxury apartment I would buy. If you would ask me the same question today, the answer would be quite different. Today I would not buy a lot of stuff, but instead, I would invest the money for steady passive income.
However, what you would do with all that money is not really the point of the question. The point is if you do not need a job to pay for your expenses, what will you do with your time? That would be the purpose you should pursue in your life!
There are some questions that is frequently discussed in the FIRE community (Financial Independence Retire Early), but there are very different opinions on the answers. One is “How lean a budget can I actually live comfortably on?” Another is “If I were to retire early, what would I do with all that free time?”
Now, I don’t have 1 million euros. At least not yet. However, last year I became lean financially independent. That means that I can now cover all of my expenses for housing, food, transportation, and insurance with passive income. However, there is no budget for much more fun other than the basic necessities, living in Denmark. Maybe going out for a beer or pizza ones in a while, but that is basically where it ends. However in other locations of the world, the money can be stretched to cover a great deal more. I continuously earn, save and invest more, so it will be a less lean financially independence as time goes by. But I am immensely grateful for the safety net it provides in its current state.
The financial independence now gives me a unique opportunity to answer those questions from the FIRE community. Not only for myself, but for others in the community as well. As the FIRE community has given me SO much and drastically changed my life, I would really like to contribute and give something back to the wonderful and helpful people of this community.
So I have started a quest to answer the above questions from the FIRE community. For one year I will travel and live in several countries, only living off passive income. My budget is a lean 1000 euros per month. It is not going to be an easy task.
So… What do you dream of doing when you retire? According to Marketwatch 37% actually continue working. It could be because they don’t know what else to do. It could also be that they have a true passion for their work and don’t want to let it go. 14% go into entrepreneurship, 11% travel more, 9% continue their education and 8% say they spend more leisure time with family and friends.
When it comes to myself, I know for a fact that I will never merely trade my time for money again. But I will get a job doing something I am really passionate about. Now I have the time to find the perfect match! I would also like to look into entrepreneurship. I have always loved to travel and experience new places, emerge myself in new cultures and develop new and exciting friendships. Learning new skills is truly powerful and something I love, so continues learning will without any doubt be part of my daily routine. My friends and family will also get more of my time as I feel that this is something that has been prioritized lower in the past when I was too busy working.
I am currently located in Sao Paulo, Brazil. The New York of Latin America, as I like to call it. It really is an amazing city. Whatever I can think of doing, there are several possibilities for it here. Any time of the day or week.
I will, of course, attend the carnival here and be in the parade with a first division samba school, entertaining thousands of happy Brazilians. That is going to be quite an amazing experience! There will be dancing, beaches, palm trees, and caipirinhas. I will also look into the startup community for those who are interested in entrepreneurship. For me, financial independence is not a chance to become a Netflix couch potato but maybe to be an entrepreneur without the need to make money right away. I will also try to see if I can find people from the FIRE community locally, to ask questions on how they invest for financial independence. I will learn as much as I can of the languages of the countries I visit, as languages are great life long skills that never go out of date. It is really worth the effort and with a new language also comes an understanding of the culture and a chance to connect with new local friends. I will work on developing my high-income skills even more by taking online courses during the year. When I come across some great resources and platforms where to learn useful skills for free or very little money, I will share the findings with you. I will also look into the possibilities of working remotely along the way.
Everything I learn when traveling during this year, I will share with you. How do I keep my costs down while traveling? How do I get cheap flights and free travel insurance? How do I construct my daily routine to get the most out of my time? How have I been investing so far and what new investments am I getting into?
I currently have more passive income then I will use on my lean budget, so along the way, I will continue to invest, mainly in crowdlending platforms and I will show you how I do it, so that you too could get started on or expand your investment portfolio to earn passive income. I will tell you the details on how I got to this point in my investment journey and became financially independent, location independent and able to travel the world on passive income, without having to work if I choose so.
Now, I am NOT an investment adviser! This blog is merely a description of what I have done. You will not necessarily have the same results and the risk of investment is yours and yours alone. However, if you want to become financially independent, retire early, if you like to travel, if you want to get started on saving and investing, built an emergency fund, create several different streams of passive income, then you will get some valuable information on this blog, all completely for free. All the information I have accumulated over the years is simply just too useful for me to just sit on, and it would be selfish of me not to share it with you. I feel fantastic! I want you to have the same options I have, because of this knowledge. I want you to feel fantastic too!
Sounds interesting? All you have to do is sign up for my free newsletter on this blog and I will update you when I post new content. I will also send you a document on how to save more for investing starting from today, ones you have signed up. As a free gift to you. If you have any questions or ideas on what you think I should look into this year, please post your comments below and I will answer all of them as soon as possible! Please share with using the social media buttons below if you think some of your friends, colleagues or peers would be interested in financially independence. What would THEY do with 1 million euros?
Getting started with crowdlending.
If you want to get started investing with investing, but is not sure if crowdlending is for you, then you can read about why and how I got started and how you can get started too.
My portfolio and latest investments.
You can take a look at my current portfolio and get inspiration on what platforms to use. You can also dive into the details about the specific projects I invested in last month.