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.
“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.