Hi! I’m from Germany and in my early 30s. Coming from a freelance background without ever saving a penny, I started my first permanent job in the IT-Industry earlier this year(2014). With this new constant income I’ve searched something to invest in.
On my search I’ ve found Jasons Blog (“Dividend Mantra” – unfortunately he sold his site) and I think it would be appropriate to say, it was him who planted the idea of this journey in my head. I’ve considered Index Investing first, but soon realized, that I have a much more risk attached strategy in mind and that I’m no fan of the 4% withdrawal rule. But it wasn’t only about the way to actual invest my hard earned money. First, by reading Jasons Blog, I’ve learned about the power of frugality. I realized, it’s much easier to reduce monthly costs than to increase the net income. So I did this first. I’ve never had a spender mentality but after checking every single monthly payment and cost attributes – I’ve realized there was much to be gained. It felt great! I identified and reduced many unnecessary expenses and additionally I finally could put it in numbers – before I was only guessing the amount of my monthly costs.
The next step after I’ve successfully minimized my expenses was to find the right investment strategy. I’ve learned about Dividend Growth Investing and the idea of generating an ever increasing Passive Income Stream. I discovered many inspirational Blogs with a variety of different stock selections and opinions. Slowly, I’ve come up with a strategy, which would fit my personal requirements and Goals.
At the start of my investment journey I will consider mainly high yielding opportunities to gain much more momentum at the beginning. As I’m not depending on the invested money I’m willing to accept the attached risks. But I will start adding quality companies along the way when there are opportunities.
Thank you for reading! I hope you’ll enjoy my blog and please feel free to comment!
Disclaimer: I am in no way a professional trader nor a certified investment advisor. Many of my stock selections are very risky and I wouldn’t recommend this to anyone! I am not liable for any losses suffered by any parties.