My FIRE Journey Archives

I Reached My FIRE Target 🔥

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 …

How to Do What You Love

How to do what you love? After years of contemplating this question, I’m confident to say that I figured it out. And the best part is that I can answer it in a single sentence. However, in order to relate to such an information dense summary without misunderstanding it, we need to cover some ground …

Things I’ve Learned This Year (2020 Recap)

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 …

How I Made $40k in a Month

Passive income – the holy grail of the FIRE pursuit. In this post, I’ll share how I increased my net-worth by 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. …

I Didn’t Get Lucky (October 2020 Monthly Update)

It’s a monthly update post again, so let’s kick it off as usual: BTC Performance, October 2020 S&P 500 Performance, October 2020 Interesting! In the first part of the month, we were observing a behavior which became “normal” and “expected”: a strong correlation between the stock and the crypto markets. This is something that became …

FIRE – More Than Just a Number

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 …

Financial Update & Emotional Monk Saying Thank You

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 …

I Published a Book!!! 📖

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 …

Why Software Engineering is the Best Career Path

It’s all in the title – in this post I’ll explain why I think that software engineering is the best career path for most people. So if you’re yet to start your career, pay special attention because this post might significantly affect your future. And if you’re already in a completely different field, you’re also …

A Glimpse Into My Portfolio (2020)

As most readers know, I stopped being too transparent about my portfolio, asset allocation, and overall investment strategy over time. My reasoning behind it is, first of all, because I couldn’t see any benefits of total transparency. There are absolutely no positive things that can be a consequence of the world knowing how much you’re …