On 25th of June 2022, I bought >$50k worth of cryptocurrency – Bitcoin and Ethereum. First thing first, for full transparency: Note: This is not my first entry into crypto nor my total crypto position. I’ve been a HODLer for a while and it changed my life over the past few years. This post is …
It happened. Based on the 4% rule, I can freely spend money to satisfy my needs and then some, without having to work a day in my life ever again. And that’s without relying on word-games where “not working” equals “I love my job“. I can literally opt for an idle existence of doing absolutely nothing …
I didn’t learn anything new. But there are a handful of things I confirmed. 1. I’m not sacrificing anything for FIRE Many unprepared people were hit hard by the cruel reality of a global recession. Some of them suffered and didn’t adapt, but many accepted this “new way of life” and saw the beauty of a …
Passive income – the holy grail of the FIRE pursuit. In this post, I’ll share how I made approximately $40k in a single month. But first, why are you here? Most probably because you find the idea of earning 5 digits in a month (without exchanging your time for it) somewhat exciting. On the other …
This is technically a monthly update from October 2020. However, it’s evergreen content and specifically written to be read from the future. As I said in the post itself: if you’re reading this after 2020 and you missed the opportunity, this is for you. It’s a monthly update post again, so let’s kick it off as usual: BTC …
For most people, reaching financial independence means surpassing a certain threshold in terms of net-worth. Although this makes sense for many cases, for me, reaching FIRE is more than just a number. Let me explain. Last year, I wrote a post describing why I think FIRE Updates Don’t Make Sense. And I still think they …
This was a big month for MonkWealth. A big milestone was reached by publishing my first book: Become an Investor: The Ultimate Guide to Long-Term Investing for Absolute Beginners. The majority of you reading this post would already know it – and most probably already enjoying a copy of it. Contrary to what I expected, which is …
Well, Become an Investor: The Ultimate Guide to Long-Term Investing for Absolute Beginners was published as a standalone book. As hard as it was to prepare this project in silence, after months of hard work I pulled it off and am so excited to share it with my readers! And yes, I literally mean share it. Most …
Welcome to another monthly update. There is no question about it, this one will be crypto-related. Bitcoin’s performance aside, most alts I hold grew for more than 50%. I always have a strange feeling when I use any variation of the term “altcoin”, as I’m unsure where to draw the line, but that’s a discussion …
I’ll use this monthly update post to issue a challenge to my readers. Whether you’re a personal finance enthusiast, long-term investor, pursuing FIRE, or any combination of those, this challenge should positively affect your life. More specifically, it will benefit your well-being and improve your discipline, but also possibly free up some time due to more …
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