I work at an investment company in Cyprus and have set a big goal for the next 10 years. The mission is to get financially free and only work with my investments and have more spare time in my life. The more passive income sources I can get would be one step closer to my goal.
Moved from Norway to Cyprus
The main reason I moved from Norway where I’ve been living the past 10 years was to speed things up. To cut my expenses from how it was living in the expensive Norway. I figured that I could live on ½ of the amount that I had been and still live comfortable. A work opportunity came buy here in Cyprus so I felt it would be good with a change. This way I could really charge towards my financially free plan faster. Also this set in motion I would have more to invest with. All together makes it faster achievable to reach my goal.
It’s not that easy for most of us to become free from the normal way of working and to have enough money to stop working for others. I mean, we are not all from rich families or have a golden ticket served to us for free, so we have to work hard and smart.
Why I started this
At this blog you will see all my investments in some of the P2P & crowdfunding platforms out there. I will show you everything with transparency and the goal is to show one way it can be done. I know some might not want to even talk about their salaries, nor yet there investments. That’s up to everyone of course but I feel we should try and help each other out. With knowledge and as much information as possible, so people know what’s out there and how things work. I don’t have the winning recipe or can say I’m 100% sure this will work in the long run. This is only my point of view and experiences, keep that in mind. I’m never going to tell someone to do anything with their own money.
So this is my path to becoming more economically free, if it goes good or bad we will see, only the future can answer that.
I read somewhere that in US, almost 75-80% live from paycheck to paycheck. In UK its around 25-40%, and like this it goes on in the countries where it’s quite good economies. If we talk about other parts of the world, Africa, Asia and so on the numbers is also at the same as US or worse.
I’m from Sweden one of the Nordic countries where it’s rather good compared to the rest of the world. Still the numbers in Sweden is increasing on those who wouldn’t have enough money on the side to survive more than 1-2 months if something would happen and no help would be there for them. In Sweden they have a system that should help you so you still survive of course, but now I’m not talking about that part because it’s not freedom. The reasons for this is many, the cost of living grows, we want more things. Maybe we think short term before long term goals right there and then. If we want change it starts with ourselves, the choices we make.
So for these reasons and many more I need to find some passive income that will help me in the future.
I have some experience with investing in stocks, index funds, different types of loans and projects in the North and now also documenting my P2P investments. To reach my goal I will use all the methods I’ve picked up over the years. To reach the best possible result without taking to much risk of course. I will diversify between this instruments and hopefully trough new learnings and experiences find more ways to reach Financiall Freedom in the future.
To sum up my goals for the P2P investments
The first goal is 3000 Euro per month from my P2P & crowdfunding investment will be the first to reach. At this level its not the DREAM but I can live on it if I stop working. This is only a step in the right direction and not my end goal for doing this.
When that is said, my next goal would be when I reach 5000 – 8000 Euro per month. At this level I’m getting more then my dayjob pays me and more. Here I will be at a place where I can be more free and only focus on investments forward.
Just write a comment or send me an email at firstname.lastname@example.org if there is anything