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Financial Freedom

Join me to my first goal of $1 000 000



I started with an intense desire to help our members in understanding finance and give them tools and analysis to take better trading decisions. Our core goal is to help our members become financially independent, either by investing, trading or starting a business. What is important to know is that there are no get rich quick schemes that work. If you truly want to become financially independent, you have to take your time and be patient. Never rush, and never lose money.

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This is so important. I can’t make myself clearer. If you want financial freedom: NEVER RUSH. Please read this sentence at least three times over. Professional investors and entrepreneurs know that to create a diamond, you have to apply extreme pressure over a long period of time. That’s the same for building wealth, you need extreme focus over a longer period of time. Newbies that enter the finance game always tend to rush for the profits, but ends up with losing way more than they originally invested.

Read 2. lesson: Never Lose Money

My own finances

In the coming months, I will share my own finances and my own plan in order to reach my longterm goal that I’ve written about here. What I already got is the following:

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  • which generates around $50 000 in profit each year. This fluctuates quite a lot since the income source is advertisers. The cost does also fluctuate depending on how many journalists we have writing for the site.
  •, which I started a couple of months ago, generates around $2000 in profit each month, BUT: I bought the domain for $50 000 in 2014 and I’ve spent more than 2 years on creating the site you see today. I’ve lost more money on than I’ve earned (including some failed concepts), but with a longterm focus I believe the site will be catching up within a few years.
  • In January I got a fulltime job and that helps me create a more stable income with around $4000 in monthly profits after tax. (I’m based in Norway and we have around 35% to 45% in tax.) I can also share that my wife and I just had a daughter and I need at least one stable income source.

I will create a budget in the coming weeks to give you the full details of my income and what I could expect from both CCN and I have also suggested for our members that they should set aside 10% of their income and invest it in an index fund. That is what I’m planning to do, but I’m a bit hesitant of entering the current record markets. I believe that we will see a recession soon, and it would be better to start investing once the market has stabilized, yet again.

For the coming years, I want to put aside at least $1000 a month for investing in index funds, stocks, commodities, or similar. I want to start right away with $1000 and I’m open for suggestion from our members what I should do with my initial $1000. The options are:

  1. Have them in a savings account until the market seems more prosperous
  2. Invest them right away in an index fund (what index fund?)
  3. Invest them in a commodity like Gold?
  4. Invest them in a cryptocurrency like Bitcoin?

I do not want to trade with my money as I do not have the time, I’m looking for a longterm investment. My initial thought is to have them in my savings account.

Please leave your comment below with your thoughts on where I should place my initial $1000.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.2 stars on average, based on 49 rated postsFounder of and CryptoCoinsNews

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  1. jedadoo

    April 17, 2017 at 7:01 pm

    I follow Jim’s advice, so no recommendations from me…

    • Jonas Borchgrevink

      April 17, 2017 at 7:06 pm


      Jim’s advices are great, but that’s for trading mostly and not investing. I do not have the time to trade like Jim and other traders.

  2. bitstine

    April 17, 2017 at 7:06 pm

    Great approach. Thank you for sharing.
    I personally thought of investing them in Cryptocurrency in my saving account.
    That what I’d do.

  3. Parentesi

    April 17, 2017 at 7:18 pm

    Hi Jonas
    First of all, thank you for all your insight you are sharing here with your viewers. I see it as very valuable and precise information.
    I started having a closer look into cryptocurrency ´s since about 4 weeks, and reading all you have to offer made me learn much quicker than I would have without
    Up to now I had a 30% gain in all my investment, and I may not have taken all your advice, or lets say prediction, but it helped a lot to get my focus in the right direction.
    I also have to admit I had a lot of luck and also made some mistakes I learned quick from.
    So here my thoughts on your initial 1000$:
    Bitcoin, Ethereum, Litecoin mix: 25/25/50%
    Bitcoin, Ethereum as the more save option, Litecoin with an option for a gain. At some 10% gain in Litecoin, transfer 50/50 to Bitcoin, Ethereum

    • Jonas Borchgrevink

      April 17, 2017 at 8:11 pm

      Thank you for your inputs!

  4. ialkeilani

    April 17, 2017 at 7:34 pm

    Thanks for sharing those private numbers about your businesses! I do have a regular full time job and I’m in constant debate with myself over quitting and starting my own business…those numbers do give me a good indication of what to expect. Thanks again!

    I consider myself a student of yours so I cannot really give any recommendations. But I share the same view that the current equity market is due for a correction and it’s best to hold off right now till the next entry point reveals itself

    Given that the upcoming crisis smells like it’s going to be triggered by sovereign over-indebtedness, weak fiat currency and hence collapse confidence in governments (esp. Europe!), I do like Gold (and honestly more silver given the current skewed gold/silver price ratio), I think those would be the best asset classes to park your hard earned money. I’ve set aside 25% of my net-worth for precious metals investing, while I rely on advice, tips and recommendations in this site for investing another 25% of my net-worth

    • Jonas Borchgrevink

      April 17, 2017 at 8:12 pm

      Thank you, I didn’t really consider silver. I’ll definitely check it closer.


    April 17, 2017 at 8:37 pm

    I would buy Factom (fct). Future in securing 20,000,000,000 devices connected to the internet . Upside is tremendous Good Luck

  6. gullyfoyle

    April 17, 2017 at 8:42 pm

    I’m no gold bug, but I think gold is good long term (1-3 years) based on some basic TA and would serve in place of a regular savings account provided you do not require instant liquidity:

    I think Silver will out perform based on my analysis of the gold/silver ratio and the simple fact that silver is more volatile. Making it a riskier but potentially more profitable option- see the related trade ideas I’ve published.

  7. tadej

    April 17, 2017 at 9:29 pm

    Hi Jonas,
    I’m new to this investing world and also looking for the ways to enrich my hard earned money. Fortunately I’m 28 so Im looking for the long run on the other hand I would like to reach certain level while I’m still young and enjoy life while I still can!

    About a month ago I was reading about Lithium in one scientific magazin. According to them this metal is very very rare with only few mines in the whole world more over its use is increasing dramatically every year (see Li-ion batteries, Tesla).

    The price of this metal is more than 40% up from 2015!! I’m considering to invest either into stock of the companies directly involved in extraction or Lithium ETF which had +30% in one year.

    I did not decided yet as if there is a global recession coming this market can also be in trouble as the demand will go down I think…

    I would like to hear the opinion of other investors here.

    • Jonas Borchgrevink

      April 17, 2017 at 9:33 pm

      Damn! Lithium is exploding. Thanks for the heads up. I’ll look into investing in Lithium. The one problem I see with Lithium is: What if someone develops a better way to produce batteries that does not need Lithium? Have to do more research on it.

  8. acotph

    April 17, 2017 at 10:51 pm

    Hi Jonas,

    Medical marijuana is taking off in many countries around the world. I’m not sure what the situation is like in Norway, but if you take a look at how the companies in this sector performed in the US and Canada, it’s obvious that there is huge potential here. I recently moved to Australia, where the government is currently opening the doors to medical cannabis cultivation, research, and importation.

    These companies are still very young, so the potential gains are huge, but so is the risk. They may be too young to suit your criteria of investing vs trading, but markets like this don’t open up often.


    • Jonas Borchgrevink

      April 17, 2017 at 11:38 pm

      That’s an interesting idea. I’ll see what kind of investment I can make into those companies.

  9. dufc1983

    April 17, 2017 at 11:35 pm

    In lithium: Just finished reading FT (uk) and an article covered lithium. Majority of the worlds lithium comes from Chile. There are only 2 x companies in chile who are authorised to extract lithium. Happy hunting 🙂

    R.e. Investment strategy: bitcoin/gold/ripple/tech stock

    • Jonas Borchgrevink

      April 17, 2017 at 11:40 pm

      Great comment.

  10. jacobss

    April 18, 2017 at 3:12 am

    Hi Jonas, I was allways in the understanding that you were the expert.
    Funny do you ask for advice now.
    I can saymone that makes everybody a millionaire.
    Ripple with XRP or with XLM. You can’t go wrong.
    These crypto currencies will go to 10 cents this year and have 3 to 5 years outlook for 1 Dollar and more.
    Your 1000 $ in XLM will become a million and 5-8 years.
    Don’t hesitate and good luck.
    A fan of your site, Jack

    • P. H. Madore

      April 18, 2017 at 5:27 am

      Ripple cannot go wrong? Get out of here. Ripple is eternally weak, centrally controlled, and does nothing Bitcoin cannot.

      Jonas would have been better holding the massive amounts of Bitcoin he had in early 2015. He’d already be a millionaire, like as not.

      • jacobss

        April 18, 2017 at 8:24 am

        I believe you immediately, but I’m not getting out of here as I need all the information I can get.
        I allways advice to bet on both horses. XRP and bitcoin (or altcoins).
        The reason I have XRP is the fact it is controlled by the awesome company Ripple and banks love their system and need them to survive.
        The XRP will carry a lot of dollars in the future.
        Bottom line I believe in crypto currency ???

      • dufc1983

        April 18, 2017 at 9:17 am

        So why are all the big banks in Asia ripple fans?

  11. P. H. Madore

    April 18, 2017 at 5:26 am

    Daughter? Hey congratulates. I just had Maggie this month as well.

    Do not want to trade your money? Long-term investment of $1m? What reasonable expectation of return can you have! You MUST trade in order to win. No risk, no reward. There are low-risk options, but they will not yield. Short-term investments are where all the billionaires are minted.

    • Jonas Borchgrevink

      April 18, 2017 at 4:02 pm

      Thank you! Congrats yourself. I’m working on a plan. Will update here once I’m happy with it..

  12. tmjaswani

    April 18, 2017 at 5:42 am

    Hi Jonas,

    First of all congratulations! No trading ..thats like having little faith in your own creation and we as readers are paying to be part of it, thats a bit of a hyperbole 🙂 However I appreciate your honesty, very few founders would have courage to post something like this..Best of luck


  13. DamonEvans

    April 18, 2017 at 2:00 pm

    Definitely a mix of crypto currencies. Plus gold and silver. Jim Rickards book “the new case for gold” is well worth a read. Thanks for your articles, very interesting.

    • Jonas Borchgrevink

      April 18, 2017 at 3:53 pm

      Thank you! Will have a look.

  14. sambkf

    April 18, 2017 at 10:52 pm

    So what is the biggest market on earth ?
    Energy. By far. Every single dollar of sale is powered by energy. Of all kind but mostly fossil fuel. With all the negative image and effect.
    Hybrid car are just engineering tinkering with old tech. Combustion engines, electric motor, batteries. Even lithion Ion batteries, as great as they are, won’t make a city bus run longer than an hour or two.. at a high cost.

    Fortunatly. There is one company that worked in the shadow of its privated investors wing for decades.. to release Q1 2018 a revolutionary energy generation process. Their technology will, in the 5y range, shock wave the petrol industry, the PV industry (more to say, I’ll come later) and the battery industry. Why ? They will make all these power generation apparatus look obselete. Because their product, the suncell, can produce in 26inchx26inchx26inch the equivalent of a soccer field of PV panels. 24/7 no fuel. Enough to make a 18to city bus run days and nights. No fuel but water (yes you heard it), and ridiculously little amout.
    No bullshit, no “missing inventor conspiracies”. Just plain science.

    Skipping on the science, go look their website (

    The key information: It relies on hight tech multi-junction solar cell. The kind german companies produces for space satelites. (see It just needs a few. However the suncell with scale up this segment of the solar industry manifold in the next 5y.

    I’ve not done the stock reseach yet. but if anyone want to share their stock investigation regarding the lucky winners, please share !

    Don’t disregarding this piece of information as some did with bitcoin in 2010. This company (privatly owned, not publicly traded) is set to become the giant corporation of iRobot movie. Their buisness model:
    “BrLP plans to maintain ownership of SunCells® while outsourcing the manufacturing, supply chain management, installation, maintenance and repairs, and billing. The SunCell® reduces all historic forms of power to a single fungible commodity enabling a fluid market with power sources being interchangeable and capable of multitasks wherein the traditional market distinctions dissolve.”

    Many traditional tenet will lose, and much, to this revolution. Even windmill manufacturers may be seriously threatened, not only oil. But many will emerge and thrive inthis new era.

  15. kansasfarmer

    May 25, 2017 at 10:11 pm

    Don’t want to lead anyone astray so I can only say what is looking attractive to me right now and that is The Token Fund. You might take a look at it.

  16. johnathankelly

    June 4, 2017 at 6:43 pm

    Thanks Jonas for putting this site together. It is hard finding good sites to learn how to become financially independent. I have been working on becoming a millionaire for the past 5.5 years and learned a lot on the way. I would have loved having your site to help but I am glad I found it now.

    The book by Robert Allen called “Multiple Streams of Income” has been my guide in planning my roadmap. Each year I learn something new that gets me further along. One of the things no one has mentioned is dividend stock investing. Dividends are paid out and can then be reinvested to buy more stocks. When I first found out about them, I spent 2 months reading to make sure I totally understood the concept. Now I am making $400 per month from my dividends. Warren Buffet is also a big dividend fan and talks about how by investing in dividend stocks, you want the stock market to crash because then you can buy more shares cheaply. There is a great book to start with, “Get Rich with Dividends” by Marc Lichtenfeld. You wont get rich fast but it is a good steady growth that you can keep investing in over time as your stocks have corrections.

    I also discovered the medical marijuana stocks in the US and Canada and have make huge gains. This sector of the stock market is seeing amazing growth and will see more over the coming years. I have been following the market since 2014 and know that it will make me a millionaire in the next 5 years or less.

    And now crypto-currencies and app coins. Yes, they are fantastic and will continue to provide incredible growth over the coming years. Thanks for Cryptocoinsnews! I have referred all my friends into crypto to it. I thought my marijuana stocks were growing incredibly fast but after May, crypto beats it hands down. With the number of countries, Fortune 500 companies, and banks joining in, we have an incredible opportunity to become millionaires and more.

    I will suggest that becoming wealthy is going to require you to invest multiple ways. One, your steady, stable growth – dividend stocks and real estate. Two, something that provides cash for other investments – job, business, and/or trading. Three, your speculation that provides explosive growth potential – crypto and marijuana stocks. And finally, investing in yourself. As you have said, everyone wants to get rich quick. The problem is that as they are, the person is not ready for it. They will need to change their mindset about money, value, and many other things. This is a journey. One of the financial questions I ask people is if time and money were not an issue, what would they do? Most have no clue and this is one of the big reasons people are not wealth. They have no reason to become wealthy. If people knew that they would find their soulmate once they became a millionaire, almost everyone would get there quickly because they would be motivated to do so. So find big reasons to become wealthy and you will get there. I am listening to a book by Grant Cardone called “Be Obsessed or Be Average”. It takes a lot of energy to go from one economic level to another. You will need to become obsessed if you want to get there in 10 years or less.

    I know I am long winded. As you can see, I am obsessed about reaching the goal of becoming a multi-millionaire in 10 years or less. I hope this information helps. And thanks again for your two great sites.

    • Jonas Borchgrevink

      June 4, 2017 at 7:26 pm

      Good suggestions! I’ll buy the books you mentioned and make a review of them on Yes, I need to invest in multiple assets and increase my own cashflow. Join the 33% club on workplace, maybe you can share some of your insights there 🙂

  17. panoptica

    July 19, 2017 at 11:40 am

    Hi Jonas, thanks for the info. I am really enjoying the site. For me I’d be trying to reduce my tax liability. It is pretty hefty in Norway and I am not sure what governments do in terms of tax relief on pensions/investments. Generally I try to put a lot into a pension at the outset as it will give me a 40% boost immediately here in the UK. (22% from employer not taxing and the other 18% through the HMRC). Not a very exciting investment though it gives me a lot of pleasure to see my fund increase around 30% this year. The fund is comprised of around 66% UK equities and 34% global equities.Of course, aware this can go down as well ;).

  18. kennymeyer

    August 27, 2017 at 8:40 pm

    I guess you would have been very well off if you had invested that money in cryptos back then 🙂 loving your journey so far.

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Financial Freedom

What Role Does Life Insurance Play In Financial Planning?



Can buying life insurance be a good investment?

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The basic benefit of life insurance is that it provides money to one’s beneficiaries when the policyholder passes away. But there are many different types of life insurance policies, and the costs and benefits vary considerably.

Permanent life insurance policies cover the policyholder for their entire life and build cash value beyond the death benefit. Term life insurance provides a death benefit for a specified period of time and does not accrue cash value.

The common wisdom among many financial advisers is that people should buy term life insurance, which is much less expensive than permanent life insurance, and invest the difference in other types of investments. Hence, the common phrase, “By ‘term’ and invest the difference.”

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The fact of the matter, however, is that many people do buy permanent life insurance as an investment. Whether or not it is the best use of the investor’s money depends on a number of factors.

The scenarios discussed in this article apply in the United States. Readers are encouraged to consult their accountants about tax considerations related to buying insurance.

Permanent Life Insurance Benefits

In the United States, one benefit of permanent life insurance is that the cash value accrued is not taxed until the policyholder withdraws those earnings. The same is also true of retirement accounts such as IRAs, 401k plans and 403b plans. But there is a maximum amount of money that one is allowed to contribute to these retirement accounts in a given year. An investor who wants to invest beyond the maximum allowed by his retirement accounts could accomplish this by also having a permanent life insurance policy.

The holder of a permanent life insurance policy can also transfer a policy’s death benefit income-tax-free to beneficiaries, according to retirement planner George D. Lambert, writing in Investopedia. The same cannot be said for other investments.

When a beneficiary inherits an IRA, tax-deferred annuities and qualified retirement plans, they can pay up to 35% to the IRS, according to Lambert.

Lambert further notes that earnings that grow within a life insurance policy are one of the few items that do not increase the tax on the owner’s Social Security income when they start receiving Social Security benefits.

As the cash value in the policy increases, it is possible to borrow that money without incurring taxes or penalties. This is not true for most retirement accounts such as annuities or 401k plans, which often incur a 10% penalty in addition to income taxes.

It is important to note that interest accrues on the borrowed money in a life insurance account until it is repaid.

Accelerated Death Benefits

Depending on the policy, a policyholder can receive a portion of the death benefit before they die if they develop certain medical conditions. These are known as accelerated benefits, which can be used to pay medical bills. These benefits are deducted from the death benefit that will go to the policyholder’s beneficiaries upon the policyholder’s death.

Some policies charge extra for accelerated benefits.

Such benefits are also offered under some term life insurance policies.

Another benefit of permanent life insurance is that unless the policy is surrendered prior to death, the policyholder is insured for life. A term life insurance policy, by definition, lasts for a specific period of time.

These are important benefits of permanent life insurance, but they will not apply to everyone. As noted above, permanent life insurance is considerably more expensive than term life insurance.

The Case For Term Versus Permanent Life

Personal finance expert Amy Fontinelle, also writing in Investopedia, offers the example of a 30-year-old female in excellent health who paid $9,370 annually for a permanent life insurance policy with a $1 million death benefit.

After five years, the policyholder paid $46,850 in premiums and the policy generated $19,880 cash value.

After 10 years, she paid $93,700 in premiums and the policy brought $65,630 cash value.

After 20 years, she paid $187,400 in premiums and the policy delivered $181,630 cash value.

(These cash values are offered as an example and do represent all policies, as cash values will vary based on the returns the insurance company was able to generate.)

Had that same investor bought a 20-year term life insurance policy with a $1 million death benefit, the policy would have cost $9,600 in premiums ($480 per year) and the investor would have had an extra $8,890 to invest every year. She would have saved $177,800 in premiums after 20 years.

Had she invested that $177,800 and gotten an 8% annual return for 20 years, she would have had $480,806 before taxes and inflation. Even if the $177,800 earned only a 1% annual return over 20 years, she would have had $208,671, which is still greater than the $181,630 cash value from the permanent life insurance policy.

Fontinelle concludes that permanent life insurance as an investment usually makes sense for high net worth individuals looking to minimize estate taxes.

Factors To Consider

Liz Davidson, a financial educator writing in Forbes, points out that the decision to buy life insurance should be based on three factors.

The first is how much life insurance one needs to take care of their beneficiaries in the event something happens to them.

The second consideration is how long one needs the insurance. One reason permanent life insurance is more expensive than term life insurance is that it covers the policyholder for their entire life. Many people do not need life insurance in their older years when their children are grown. But some need assets to cover their final expenses to spare their heirs from this expense.

Some people also have dependents who will need the death benefit once the policyholder passes away.

Davidson further points out that individuals who have a taxable estate worth more than $5 million can use the death benefit to pay their estate tax and not pass that burden on to their heirs.

Life insurance policies can play an important role in financial planning, but the type of policy a person needs will depend on their individual circumstances.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.8 stars on average, based on 4 rated postsLester Coleman is a veteran business journalist based in the United States. He has covered the payments industry for several years and is available for writing assignments.

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How I Made It: Multimillion Dollar Cash Flow



Please excuse the image. It’s not a picture of me nor my car. I own a BMW 318 2009 model with a car seat in the back for our seven months old daughter. It’s been some time since I last published a post on I want to let you know that I’m going to be more active in the coming months. I’ve just had too many things on my plate, from my Digital Trainee job at Wilhelmsen to, CryptoCoinsNews, MoneyMakers, and family. I want to explain how I’ve managed to create a company with a multimillion-dollar cashflow. Remember, I’ve spent more than nine years on reaching my current level. I’ve had multiple failures, I’ve lost hundreds of thousands of dollars, but I’ve also made a lot of money and recognition.

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When I was 16 years old, I started my first company which I registered on my mom. I called it for “Limitless Juggernaut, ” and it was a clothing line that I started to sell in Tønsberg (a small city in Norway). I managed to get my clothes in one shop in Tønsberg, but it did not catch on. I think I sold five to ten pieces and ended up with a loss of $5000. I worked as a phone seller to make the money I spent on my micro startup. In 2008, when I was 18, I started a phone import business where I imported phones from China and sold it on Norway’s “ebay.” I managed to make $3500 in profit each month while attending high school. There was a guy in Oslo, the capital of Norway, that wanted to get into the phone businesses with me. I was young and naive; I put too much trust in a stranger that ended up hustling me. He gained control of my stock, and I transferred some money to him, then I never heard back. I decided to shut the business down.

In 2009 I started studying Entrepreneurship and Business at a college in Oslo. That’s when I founded MyGoodAct which was one of the first crowdfunding platforms for social causes. During four years the platform raised more than 1.5 million USD to different social causes. I managed to sign up the most significant NGOs in Norway, but the main issue was to establish a positive cash flow for the startup. Even though we won awards, was funded by some larger companies and organizations, we never really got the traction we needed. I decided to shut MyGoodAct down in 2015.

In 2013, when I was working part-time for an NGO, I discovered Bitcoin (Cyprus chaos was blowing up the Bitcoin price and made it to the news). I fell in love with the digital currency, mostly due to its deflationary functions. I was sick of the fundamentals of our economy, with fraction banking and the private FED. At that time, there were few news sites for Bitcoin, so I started CryptoCoinsNews. I started writing two to three articles per day, posted stories on and Reddit. After a couple of months, the site had 100 to 300 visitors per day, and I managed to secure one advertiser that paid one bitcoin per month for the top banner. After that, I had some funds to pay other writers with, so I started to recruit writers. The site grew, I got more advertisers that paid a fixed fee per banner on a monthly basis. Today, CCN is one of the largest bitcoin news sources in the world. Last month, I bought CCN.COM for 150 000 USD, and we are doing a complete redesign of the site and hiring more full-time writers. I want to make CCN the world leader in cryptocurrency news, just like is for stocks.

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I bought in 2014 for $50 000. I saw the domain on, and I had profits from my previous bitcoin investments. I had no plan for the domain; I just thought it was the coolest domain I’ve ever seen available. I was up 24 hours bidding on the frigging domain while watching The 100 on Netflix. The other bidder I was bidding against only increased the price with 50 to 100 USD at the end of each auction period, which made the auction extend with another hour. I became so tired and angry at that tactic, so I contacted the seller and told him that I’d exit the auction if we do not end this soon. I was ready to bump it up with $5 000 or even $10 000 just to be done with it. The seller added a buy now price at $50 000, and I was able to purchase it before the other bidder.

We started as a technology news site, at one point, we had a trending story on Reddit that made it to the front page of It generated almost a million visitors during one day; our servers could not handle the traffic. However, even with one million visitors, we only made $2000 in ad revenue from Adsense. And, you need to keep pumping out extraordinary articles to keep such a momentum. The prices for such articles could be anywhere from $50 to $500. I did not have the funds to keep funding writers and attract better talent, as the site always operated with a loss. After one year, I decided to put on pause.

In 2015 I started Tailored Message that was a news app for youth in Norway, with gamification and a shop. The idea was to make a clone of “Instagram/Reddit” for news and blogs and let the users earn points based on ads in the app that they could spend on products in our in-app store. We launched the app in April 2016, and we got more than 20 000 downloads, just in Norway, and made it to the top 3 most downloaded apps. I spent almost 100 000 USD on the startup, and in the summer of 2016, we secured 200 000 USD in funding including a marketing deal with one of Norway’s largest media companies worth 300 000 USD. I moved into the media company and hired a salesperson. Unfortunately, the marketing deal that was signed by their director was never followed through. I spent almost six months implement the marketing deal that we already had agreed on. The media company always had excuses for why they could not implement it, and we changed the marketing deal two times without any success. The investors I had became worried, and in the winter of 2016, I decided to shut it down, pay the investors back with what was left, and try to focus on something else. I went to a lawyer in Oslo, and he told me that we could sue the media company for our losses, but that it would cost $30 000 and could take a year or two. I was upset, but I did not want to have a lawsuit to define my next year. I backed out.

What I learned from this experience, which was a very tough period in my life (as I hate to disappoint people that put their trust in me), is that you should never depend on a single deal you make with any company. Especially large companies. In large companies, you have so many different opinions, so many shitheads, so many useless persons that only think about themselves and their KPIs. If you are working with large companies, you need backup solutions. I think the best way to run a startup is to be independent, and just gun for it on your own. Fuck the large companies; they are too slow for a startup.

Well, that’s funny. But I was hired in January 2017 by Wilhelmsen, one of the largest shipping companies in the world, as a Digital Trainee. I had lost most of my cash holdings due to Tailored Message, and I needed something more stable to focus on. My wife was pregnant, and we expected our child in April 2017. I’ve never worked fulltime in a large corporation before, and I thought it would be a great experience to learn how it works. Right now I’m working on a 3D print project where Wilhelmsen wants to 3D print ship parts to the maritime industry, which has been and is an amazing project. I have a leading role there, and I’m learning many new things.

I’m a person that need multiple projects to be satisfied. So after working hours at Wilhelmsen, I pivoted into becoming the service you see today, based on subscriptions. I hired a couple of people, and we started small. After a couple of months, we had a positive cash flow, and I could hire more people to take over some of the time-consuming tasks. And now, is probably the largest paid cryptocurrency community in the world. My initial idea with was to educate people in how they can become more independent of the 9-5 job reality most are living in. This is something that I want to focus more on in the coming years. I also want to host conferences and meetups in 2018. I think we can make something great out of and be supportive of each other.

Right now, both CCN and is generating more money than I would ever dream of. It’s now a multimillion-dollar cash flow business. And I think it’s safe to say that I’ve already reached my long-term goal. Of course, we have large expenses, but the profit is still positive and enables me to invest more in the ventures and improve them.

I’m still working as a Digital Trainee at Wilhelmsen, and please understand that I’ve been working nonstop now for the past two years, I’ve never had one full day off. Sometimes I’ve had to work nights because of DDoS attacks, server problems or similar. I’ve employed more people to take some of the daily tasks I’ve had. I’m also focusing on spending more time with my wife and daughter, as I’ve been absent for an extended period. Money, cash flow, and business is not everything, family, friends, and experiences are what you will remember when you are 80 years old. Remember to enjoy your life.

However, I’m still not satisfied. That’s the way I am as a person. Damaged. Entrepreneurial. I continuously want to improve, want to launch better services, give more people the services that they appreciate. Help people reach their full potential. I think there are some good opportunities in the shipping industry, and I may be able to do something fascinating with Wilhelmsen in the coming years.

Focus on what you love to do, and never look back. Don’t let a shitty job bring you down.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.2 stars on average, based on 49 rated postsFounder of and CryptoCoinsNews

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Financial Freedom

Buying and Storing Physical Gold in Hong Kong



Hong Kong gold

If you are one of the many people who feel uncertain about the direction of the global economy and stock market, you should be looking for other options to preserve and grow your wealth. Cryptocurrency is obviously one option, but with the high volatility that comes with it, some people may prefer more traditional stores of value. In this article, we will guide you through exactly how you can buy and store physical gold in Hong Kong, widely regarded as one of the best places in the world to buy gold.

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Bars, coins, or jewelry?

If you are buying gold as a pure investment, it is always a good idea to buy your gold as close to the gold spot price as you can get. For gold jewelry, there is always a big premium added on top of the gold spot rate to pay for the design, brand, marketing, etc. Traditional gold coins also carry a premium for their fancy design of up to 7% over the spot market value of the gold.

The best way to buy gold for investment purposes is gold bars, big or small, depending on your budget. Generally, the larger gold bar you buy, the lower the premium over the spot price will be.

Where can I buy gold bars in Hong Kong?

I personally consider Hong Kong to be the best location for buying physical gold. It is first of all a nice city to visit if you haven’t been there, prices are low, and the staff you deal with generally speak English.

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As you walk down the streets in Hong Kong, you will see gold and jewelry shops on almost every corner. Competition is fierce, and the buy/sell spread on the physical metal is therefore among the smallest you can find anywhere in the world.

In addition to very tight spreads, Hong Kong has no sales tax on gold (or anything else for that matter), keeping the prices you pay as close to the read market rate as possible. And let’s not forget that it is also an excellent place to store your gold once you have purchased it.

While gold smiths and jewelry shops in Hong Kong generally offer much better spreads than in other countries, it is still important that you make sure you don’t pay more than you need to. It is generally recommended to stick to the well-known and reputable shops. Some of the more reputable jewelry shops in Hong Kong are:

While these jewelry shops are the easiest and best known places to buy gold in Hong Kong, the most cost effective way is actually to go straight to the bank. In Hong Kong, several banks actually let you buy gold bars and coins directly over the counter, at least at their main branch in the city. The ones that are most often recommended are:

For a full list of the banks that offer this services, as well as their prices, take a look here.

How should I store my gold?

When it comes to gold storage, there are again many options available. For smaller quantities, you may choose to store your gold in your home. If you happen to have a high quality safe, it may even be totally fine to store larger quantities of gold in your home.

For most of us, however, it is preferred to store gold and other precious metals in a safe location other than your house or apartment. You could choose to bring it back to your home country to keep in in a safety deposit box in your bank, but keep in mind that you may be liable to pay import duties on gold purchased overseas when you bring it across international borders. Each country has different rules pertaining to gold specifically, so make sure to check this first if you want to bring it home with you.

My preferred option however, is to store the gold safely offshore at designated gold storage facilities. Note that this should in most cases not be the same place as you bought the gold, due to risks of default, segregation of your gold from the shop’s own gold, etc. An exception to this would obviously be if you buy your gold in a bank and store it in a safety deposit box in the same bank. In that case you know that your gold is safe and kept separate from other people or the bank’s own gold.

Designated gold storage facilities in Hong Kong will usually charge you about US$75 per year to rent a safety deposit box. Another common way to price it is as a share of your asset value, for example 0.72% of asset value per year.

Final thoughts

There is no doubt that Hong Kong, perhaps together with Singapore and Dubai, is one of the best places in the world both to buy and store gold. If this is something you have been thinking about, I recommend taking a trip to check it out for yourself. After all, Hong Kong is a great city that is worth a trip regardless of whether you choose to buy gold there or not. And as we’ve written about previously, why not open a company and bank account while you are there?

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Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.2 stars on average, based on 20 rated postsFredrik Vold is an entrepreneur, financial writer, and technical analysis enthusiast. He has been working and traveling in Asia for several years, and is currently based out of Beijing, China. He mainly follows the stock and forex markets, and is always looking for the next great alternative investment opportunity.

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A part of CCN is Neutral and Unbiased and its team members have pledged to reject any form of advertisement or sponsorships from 3rd parties. We will always be neutral and we strive towards a fully unbiased view on all topics. Whenever an author has a conflicting interest, that should be clearly stated in the post itself with a disclaimer. If you suspect that one of our team members are biased, please notify me immediately at jonas.borchgrevink(at)