#111 Months Challenge

The #111Months challenge which should result in early retirement at the age of 55. Enabling the establishment of a “brick and mortar” investment and community support company.

The goals to achieve are a combined liquid wealth (stocks, crypto, life insurance & cash) of minimum 500 Million Hungarian Forints

Also a passive income of at least 3 Million Hungarian Forints per months needs to be in place to achieve a risk free retirement with the establishment of Carpathian Basin Kft.


Summary of the 11th month of the 111 month challenge.

100 Month to go..

11 Month have passed, 100 more to go. What started as a general idea to retire at the age of 55, slowly transformed in a real plan with the following elements worked out

  • Defined a target crypto portfolio;
  • Established 2 participations, generating work and income after retirement;
  • Started to work on community involvement;
  • Defined a roadmap with milestones to reach the final goal.


Both passive income and liquid wealth targets are ahead of schedule, although wealth didn’t show a significant growth.

Passive income

My position in all passive income generating entities is continuously increasing. Both in Crypto: CITYUPTAKE, CITY Alpha, WINk and in conventional shares: Unicum, AbbVie and Altria.

CITYUPTAKE has initiated being KYC and Tax compliant, which decreased the paid out amount of income but prevents future offsetting through local taxation. As the amount of CITYUPTAKE held increased, also the weekly rewards are increasing. CITY Alpha delivered a record return, which offset the low value of $TRX completely. Returns in WINk are low, but accumulation is ongoing for future rewards.

The trading profits in shares have been used to increase the position in AbbVie and Altria.

With all of this, passive income is now at 11% of the final target, supporting a quicker accumulation, creating a boomerang effect.

Staking in Cardano (ADA) will start delivering some additional regular rewards


Loans still make up 39% of total wealth and are continuously decreasing. In 4 months time one of the mortgages will expire, which will create additional free income, to speed up repayments of debt for the future


Again during the month of November two stock flips could happen creating profit too increase the hold of AbbVie and Altria.


A position of more than 30k $ADA was build up to be ready for testnet and participate in the Cardano staking which will start in the first half of December. After snapshot a part was converted into CITYUPTAKE to increase weekly rewards.

When $BTC was at a level of $7200, the size of the $BTC bag was increased as well. Besides that daily 0.0025 BTC is purchased to build a strong position.

For the near future, $BTT is cheap and accumulation will be expedited also $ADA will be in focus to build up again as I have high expectation on $ADA performance in the second half of 2020. Also BTFS will do some magic for $BTT.

Once all targets below are achieved, focus will shift from Crypto to regular stock market, but before doing so a major correction of stock market has to happen first.

100 Months to go….


Passive income

Due to the fact that the majority of the passive income is coming from the CITYUPTAKE returns, which value is directly connected with the value of $TRX, the passive income has decreased in October compared to September. First passive income was received from the Stock Holdings as well.

WINk and BOOM have become good passive income providers on the  TRON blockchain as well and the revenues are used to increase the hold in WINk for long term income.



The amount of money in outstanding loans has decreased significantly versus the total amount of wealth and is now standing at 39% of wealth.


The Fitbit stock was sold with a 35% profit and part of that was used to increase the stake in passive dividend paying stock Altria and a portion was used to buy another speculative stock PG&E which had a recent big drop.


Tron recovered slightly and the vibe is very good with the cooperation with Samsung. This bodes well for the vast majority of my crypto holdings. BTC I keep stacking continuously by adding 0,0003 BTC to my stack each day independent of the price. CITYUPTAKE is giving me through its rewards at least 3k TRX tokens per week, which is slowly increasing the stack.

And as Cardano is getting closer to the possibility of staking and the Shelley net is to be launched soon, this is the next Crypto on which I will focus to build the stack.


Loan repayment proves to be a big consistent driver behind the wealth growth, compensating the further decline in Crypto-currency values while stock values seem to be pretty stable.

The daily rounding activity to add some Satochi’s to my BTC stack day by day continuous and I am getting close to the first 0,1 $BTC goal with 0,0875 $BTC.

Re-exploring the Cardano roadmap, I have started funneling part of my TRX rewards from the CITYUPTAKE trade desk into Cardano for future potential. But I continue to work towards my 1 Million $TRX short term goal, while establishing a 25k $ADA goal.

During this month no further cash injections are planned.



Wealth continues to grow. Some additional investment in shares has occurred. Passive income recovered slightly. All indicators are still slightly ahead of target but the low values in Crypto currencies is impacting the overall view.



Compared to #111/6 the wealth has slightly increased (additional Pension contribution while dropping Crypto values) but the passive income has reduced. This is mainly due to a significant drop in the value of Crypto-currencies, as this has been the main source of Passive Income.



The first time to publish the status was in July after finishing 5 months of tracking progress.

5,6% of the total time has passed and in this time,

1,9% of the wealth goal has been met, negative wealth is certainly a thing of the past now
12% of the passive income goal is met, mainly through CITYUPTAKE Trade Desk rewards.