The #111Months challenge was the originator of the change of focus. One thing became clear, the intention is not to focus on one business as apparently I am a multi focus person.
With a considerable hold in Brewdog, being part of the Oh!Live start up. Now supporting CITYUPTAKE as an active agent, while actively investing in stocks and crypto currencies it became clear that I am a serial investor.
As the #111Months challenge shows, I want to use this passion to achieve early retirement at the age of 55.
Not to retire, but to stop being a employee and becoming an employer. The base requirements to achieve this are the exact goals of the #111Month challenge. If these goals are achieved, Carapthian Basin will become an official Ltd with its own office.
The focus will be increasing wealth through smart investments combined with improving the local community by allocating a portion of revenue to this goal.
There are still 102 months left on the #111Month challenge to work out and execute this plan.
This website will be overhauled to show the plan, the bison, the approach and the progress.
In January, I started the #111Months program, to try to be in a position for early retirement in 111 Months.
After 5 months I have achieved a blended 4,3% of the final target (helped by the small surge in value of crypto-currency.
The goal is to acquire enough wealth combined with Passive income to be able to retire at the age of 55 (111 months from start) and be able to survive by means of passive income, without eating up the wealth.
The approach is:
Pay back existing loans, decreasing negative wealth and having more spendable income to build up wealth.
Maintain position in Brewdog shares
Maintain and slightly increase position in Crypto
Reinvest weekly CITYUPTAKE rewards to increase further passive income
Build a position in dividend paying shares.
Besides being able to retire after 111 months, the ambition is to have a solid social media presence by that time as well, so I can retire in my home office and can do investment management, while engaging in the crypto social media. The two chosen channels are:
Twitter has been chosen because of the historical Crypto engagement. Current amount of followers is just above 100, the target is to have 500 by the end of the #111Months project.
FriendsterIO has been chosen as I believe this is the future of social media. A young fresh new social media site, with integrated Crypto functionality. Non censored and decentralized. The target is to have 1.000 followers by the end of the #111Months project.
On way to get more engagement on Friendster is by starting the weekly “Castles of Carapthian” game, which his hit the top of the most popular posts section.
“Your Life does not get better by chance, it gets better by Change” – Jim Rohn
As mentioned in the previous blog, things evolve. This webpage evolves as well. Started out as a commercial website to sell travel inspired apparel, I will turn it into my personal investment / entrepreneur tracker.
So slowly but steadily I will convert the build up into a site describing the different legs of my investment portfolio, combined with entrepreneurial adventures.
So in time it will consist of pages dedicated to:
Brewdog craft beer
Conventional Pension fund
The goal is to use the combination of these 7 to build up enough wealth and passive income to retire at the age of 55
“Don’t fear failure. Fear being in the exact same place next year as you are today.” Michael Hyatt
When I started the Carpathian-Basin project it was at a moment I was looking for something more although I am quite successful in professional life and have a happy and adorable family.
I previously tried to set up a company called Portaholic with my two Stepsons after visiting one of them during a Erasmus program in Portugal where we took up the ambition to bring the joy of tasting Port to the Hungarian people. This project came to a stand still just before summer 2018 as the regulation surrounding Alcoholic beverages into Hungary (or any EU country) required too much paperwork and investment before being able to set up a decent company. But this joined exercise infected me with the entrepreneurial virus.
Inspired by all travels and life experiences I decided it would be nice to capture these in real life apparel and market it for the wider public to be able to buy it and therefore I looked for a suitable name which referred to my whereabouts and had any relation with traveling or geography. That is how I came up with Carpathian Basin as Hungary, my new home is located in the Carpathian Basin. I started to design and create shirts but on the way decided it is too personal just to sell it and it is better suited for personal usage or for sharing with friends on certain occasions. The upcoming weekend with my former Student room mates is one of these occasions where a custom made T-shirt has a great value.
In the meantime, while designing shirts, the cooperation with my step sons had a new boost and we founded a new company, called Oh!Live. This would be similar style as the previously founded Portaholic, but with healthy products which would be easier to import, organic olive oil. Another quality item, which is difficult to find in Hungary. The launch of our website will happen in the next couple of days.
While exploring all the area’s of enterpreneurship, I also became a huge enthousiast of the world of crypto-currency and Tron in particular. This had led me to change from my the focus on apparel to a focus on all things close to me from like traveling, Oh!Live, cryptocurrency, apparel and what ever will come next.
It was August 27, 2018 when I bought my small little stock of Tron (TRX). I bought 7262 TRX at a price of $ 0.0232. This was at the same time that my investment in Nano was down from an original price of $5.09 to $3.20 and Cardano (ADA) was down from $0.266 to $0.095.
I was getting all my knowledge from mainly crypto-currency news apps and some Telegram groups. Once I found the tronwallet.me app I downloaded it from the App Store. It was end of September when I found out you could vote in order to receive additional TRX as voting rewards. It was such an eye-opener to see a possibility to increase you hold just by voting. My stack of TRX already grew close to 50.000 TRX.
I became very active in Reddit and joined the Telegram groups of all the SR candidates as I was hopping from one to the other for optimal voting results. It was the community node telegram which gave the most broad information about Tron and a regular visitor to that Telegram group was Jason Lavender from Cityuptake. He was talking about Cityuptake and how CUT created a system, where you buy a token, where 74% of the token is backed by TRX, which is used for voting on the SR giving the highest return and the other portion is put into a Trade Desk, where Jason as a professional trader generates returns which are shared proportionally based on the amount of tokens held.
I joined the Cityuptake Telegram group as it seemed to be too good to be true. Invest TRX for optimal voting returns and on top of that getting a weekly Trade desk return. As I was still early, they did not yet establish a minimum buy in amount and could participate with a trial amount of 5.000 Cityuptake tokens. The conversations in the group were great and are still great. Trading essentials shared by Jason, a full supportive team of Agents, where one of them forced me to learn a lot of new words (google became my friend again) Crazy conversations with crazy people like Impoose or Ry Sergay. It is both a fun and educational experience to be part of that community.
In due time I have been buidling the stack of TRX and the stack of Cityuptake both by the daily and weekly rewards and by consistently converting some FIAT money into TRX. The daily rewards are used to experiment and invest in TRX based gambling sites, wallet tokens, BeatzCoin, IGG, Poppy and many others, but the only one with consistent returns and consistent value is CityUptake.
Now the only thing is too wait for the TRX value to increase while buidling, to reach the time when the daily rewards will be valuable enough the sustain a relaxed lifestyle which will be the moment for Early retirement 🙂
About 10 years ago when Bitcoin was still very young, I first encountered it while scanning the net. I decided to buy some, but due to the difficult process to acquire some at that time I decided not to do so and in the process I lost interest in Bitcoin. And invested in a little brewery in Schotland instead. Big Mistake!
Than 5 years ago I was sitting in a taxi, where the taxi driver asked me if I knew Bitcoin, I acknowledged and he told me that his son was Satoshi Nakamoto but nobody knew. He told me his son spend 10.000 Btc on pizza’s and still made a fortune and moved to the US. I guess he merged some stories around Bitcoin and made them his own.
Bitcoin was back in my vision field again, but anytime there was news that the prices dropped, I used this to justify to myself that I made a good decision not to buy even though I would already have been a millionaire if I invested my originally planned 250 Euro. And anyway Brewdog was doing well so my investment was not a waste.
Another four years later, around a year ago, my stepson was talking about Cryptocurrencies explaining how Bitcoin went to the moon and came back for a relaunch. He was explaining Cardano as one of the big potentials for the future and at the same time Brewdog was exploring going to cashless bars and it was rumored that they would use Nano for that. Now being fed by two independent sources, my interests in Crypto were reignited and I invested a little money in Nano using a two step process via Coinbase and Binance
Beginning of May I added some Cardano to my portfolio as things were looking very bright. And then all dropped further again. I left the investments for some months in their wallets and only looked back end of July. That is when my addiction really started. I started to crave for more knowledge. Checked on a daily base Reddit and different variations of Cryptonews. That is when I discover Ripple and Tron. When Tron launched the Tron Virtual Machine, I entered Telegram.
In Telegram I had to navigate myself through all the moon boys and rocket people (but as time progressed they vanished one by one as the rocket to the moon was not coming). But I did find one rocketman I liked, the one which is shown everyday by Cityuptake when they pay out the daily rewards.
But Cityuptake is a story for another day…. The day that I will talk about my journey through the Tron micro-climate
The days are short, weekdays are spend in darkness as when the sun still shines, your are locked away in your office at work. Driving to work in darkness, driving home in darkness
The weekends are spend mostly at home, with an occasional trip outside when the snow has fallen and the kids have an opportunity to play outside. The other days the kids have to release their endless amount of energy in the house generating a continuous stream of sound.
But now the Sun remains up while driving to work and the sunset can be experienced while driving home. The birds are appearing in the garden, the rosebuds are appearing in the rose bushes. The flower bulbs have woken up and the first traces of green can be seen coming out of the soil.
Travels have been planned. In the coming four weeks we will see Israel, Poland, Sweden, Netherlands, Belgium, Austria & Germany.
Clothes have been designed and purchased.
This T-Shirt will be worn in Israel mid of March:
Next up will be a business trip to Sweden end of March, where I will be promoting my favorite project in the Tron Crypto world, Cityuptake:
Then beginning of April there will be the 10SC-weekend in Lierneux:
Around Christmas the time finally came the first batch arrived. Funnily it was the last batch that arrived first.
This batch was split into two parts and the last shipped arrived first. This batch had a pillow and the “Heart for Steam” shirt. Both were white basis with black and red prints and they looked and felt good.
My brother would have his Christmas present. The second batch of the package from Estonia was the Blue HODL shirt and the second version of the Azerbaijan shirt.
Both were big disappointments. The v-neck XL shirt was way too big for an XL and the print on the dark shirt didn’t really register.
From all shipments the best clothes were the Dresden shirt
The first version of the Gobustan shirt:
And the red Dunaföldvár hood. In the Blue Dunaföldvár shirt again the dark color of the fabric did not work with the prints.
So the learning are:
The colored logo only works on white therefore we need to use the black logo
Only use light colored shirts or black prints
The V-neck shirt is much bigger than it says
Try to prevent shipments from the US.
With all these learnings the next phase of the T-shirt designs starts.
In three batches have I ordered some products. Depending on the availability of the shirts, they are either produced in US or in the Baltic states.
As I found out both have their disadvantages. Ordering from US is extremely slow. After 4 weeks, the products finally arrive in Hungary, but they are intercepted by customs, which means some declarations are required to get them through. So still I have to wait some days before I will be able to judge the quality.
The shirts coming from the Baltic states are quicker, already in Hungary within a week from the order, however here I have to pre-pay VAT to be claimed back later.
Soon I will be able to touch the first shirts after seeing the outcome, I will have to start focusing on improving the supply chain.
So far I have been creating clothes mainly for the male part of our society as I have been creating clothes for myself to wear. With the first batches of clothes on the way to my home, I decided it is about time to design clothes for ladies as well.
A nice V-neck lady shirt in two colors with which my ladies can walk through our beautiful little city with pride. The next batch of shirts to arrive will contain a black on for my daughter and a grey one for my wife.