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So, I just Bought our Dream House for 900 000 USD

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As most of you know, my wife and I got a daughter in April. We currently live in an apartment on the east side of Oslo. It is a 68 square meter apartment with two bedrooms and one living room with an open kitchen solution. We have lived there for the last four years, and it has done wonders to us. It lays next to the underground station with just 30 minutes to the city center.

Since I got a job at the west side of Oslo, I’ve been using 45+ minutes each day to my “regular job”. It is near the limit of what I want to spend on travel to work (approx. one hour and 30 minutes each day, it adds up..) With the new house, I will spend less than 20 minutes which will save both time and energy on a daily basis.

The apartment we now got is on the 4th floor, with no elevator, making it quite a hassle to move up and down with a newborn baby. And most important: I do not have an office (which kind of drives me crazy right now).

The new house went way above the initial asking price (unfortunately). Even in a market that is expected to decline in the coming three years (Oslo, Norway). But I couldn’t let that house pass as it is the house of our dreams. Even though, as an investment choice, it might be a bad decision, but as a choice for our next 10 to 20 years, it was the correct decision (I can feel it!). I don’t care if we lose some money on it.

We are taking out the largest mortgage we could (also a bad decision for most), but with my current investment- and business plan, including income from our regular jobs, I believe we can manage just fine. My wife is a lawyer working for an insurance company in Oslo, it’s a stable position. Including the position I got in a shipping company.

I do not know if you should “learn” anything from this post, other than it is not just black and white. Good investments can still be bad financial wise, but good for you and your family. You have to weigh up both, or more, factors. Then in the end, you have to be able to live the life you want to live. Money isn’t everything.

Please let me know your thoughts in the comment below. Was this a huge mistake, or do you salute the purchase?

And: Do let me know if you are in Oslo anytime from August and onwards, maybe I can invite you to a few drinks and we can discuss financial freedom IRL.

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 55 rated postsFounder of Hacked.com and CryptoCoinsNews




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60 Comments

60 Comments

  1. Jeremi Fisher

    June 13, 2017 at 7:43 pm

    Congrats Jonas!

    • Jonas Borchgrevink

      June 13, 2017 at 8:19 pm

      Thank you Jeremi 🙂

    • rtacconi

      June 13, 2017 at 9:09 pm

      I completely agree with you, it is a dream house and it will give happiness to you and your family. Investments are meant to help us to reach financial stability and make our dreams become true.

    • luis ivan poblete

      June 16, 2017 at 1:47 am

      Life is Short. You did the right thing. My opinion as a Realtor Broker IN Washington DC Maryland and Virginia

  2. SlavDaddy

    June 13, 2017 at 7:45 pm

    Beautiful house Jonas, wish you all the best in the years to come! 🙂

    • Jonas Borchgrevink

      June 13, 2017 at 8:20 pm

      Thank you so much SlavDaddy, same to you!

  3. samohtelcamer

    June 13, 2017 at 7:46 pm

    Hi Jonas! Congratulations for your new house… I wish you and your family the best of the best!!! I am deeply convince you have made the right choice. I have also bought a house two years ago, it represented a HUGE investment but it really worth it. There is a lot of work to do it that house but it will be finally ready to welcome my wife and our futur baby!!!
    Well done, once again! (btw, if you want to see my house, the work and the steps that have been made, hit me up!!!)

    • Jonas Borchgrevink

      June 13, 2017 at 8:20 pm

      Hello, sent you an email!

  4. paracetomol

    June 13, 2017 at 7:46 pm

    Congratulations Jonas – looks like a great place and I wish you and your family all the best.

    • Jonas Borchgrevink

      June 13, 2017 at 8:20 pm

      Kind words. Same to you!

  5. dgimness

    June 13, 2017 at 7:47 pm

    Nice place Jonas! Congrats! Housing prices will just keep going up and up IMO! I need to buy a house as well ASAP.

    Great having your own office. No fun to have an office in the living room with no door to close. : (

    • Jonas Borchgrevink

      June 13, 2017 at 8:21 pm

      Haha, so true.. Been doing that for too long.

  6. wasabi

    June 13, 2017 at 7:53 pm

    Hi Jonas ! I wish u the best and happy for u n yr fmly to have this dream house.

    U deserve it. Praise God.

    Thank U for yr excellent service towards us all yr clients.

    We highly appreciate it.

    Rgds…frm CHILE

    • Jonas Borchgrevink

      June 13, 2017 at 8:21 pm

      Warming my heart, thank you Wasabi.

  7. JoshLian

    June 13, 2017 at 7:54 pm

    I like your new house! Modern, spacious and surrounded by a beautiful nature. I am an architect and a real estate developer in San Francisco, US. 🙂

    • Jonas Borchgrevink

      June 13, 2017 at 8:22 pm

      Approved by an architect! Thank you!

  8. corporate_citizen

    June 13, 2017 at 8:02 pm

    No worries. You’ll pay that house off in ten-years with less than 10 Bitcoins.. :))

    • Jonas Borchgrevink

      June 13, 2017 at 8:22 pm

      Haha,, need to get some bitcoins then 😉

  9. St3fk0

    June 13, 2017 at 8:07 pm

    Congrats! Beautiful house.

    • Jonas Borchgrevink

      June 13, 2017 at 8:23 pm

      Thank you! 🙂

  10. dakleyer

    June 13, 2017 at 8:14 pm

    Can I ask how old are you Jonas?

    You really helped me a lot with your blog and “opened my eyes”.

    But I disagree with the core of some of your points of view. Like some investors in Cryptocurrencies I believe the finantial system is about to collapse in our life time and we have to make some investments according to this:

    For me, the most important is time with everything that is not going to last like my own family-children, but also the nature and culture that is going to disappear (because climate change and new economic systems)

    For me, a house is not a great investment because I prefer to rent and live on different places and it is very nice to travel with my family, so I try to adapt my job to this (I´m a consultant)

    • Jonas Borchgrevink

      June 13, 2017 at 8:26 pm

      Hello Dakleyer,

      I do agree with you. I also believe we will have huge problems in the years to come, both with climate change and automation of job tasks. I also agree that this wasn’t a good investment choice as I wrote in the post. So we are in perfect sync when it comes to that. On the other hand, I have to prioritize my family and what’s best for them at this point in our life and social setting. Norway is still one of the most “stable” countries on earth, so the drastic changes might appear in other countries first. I do have an investment plan that I’m sticking with, and a business plan to increase my income.

      BTW: I’m 26.

  11. Msodenkamp

    June 13, 2017 at 8:18 pm

    Very impressive – congratulations !!!

    • Jonas Borchgrevink

      June 13, 2017 at 8:30 pm

      Thank you Msodenkamp 🙂

  12. johnnyquid

    June 13, 2017 at 8:22 pm

    Having a home is always nice. I have to say though it is way overpriced. Almost a million, damn. ….Being happy is important but you also should be getting what you paid for. Plus a mortgage? Damn bankers…How much land did you get? I’m not beating you down. By no means. But that is a sour deal

    • Jonas Borchgrevink

      June 13, 2017 at 8:31 pm

      It’s kind of stiff pricing in the Oslo area.. 600 square meters. I totally agree with you, too much! But I’m still happy ;P

  13. GhostCap

    June 13, 2017 at 8:33 pm

    Congratulations! Huge Milestone. Very cool.

    • Jonas Borchgrevink

      June 13, 2017 at 10:33 pm

      Thank you GhostCap, indeed it is..!

  14. endahltrading@gmail.com

    June 13, 2017 at 8:39 pm

    Congratulations Jonas. Not every purchase decision can be solely based on objective calculation or potential ROI. In the end, we can’t take our assets with us when we die. Objective reasoning balanced with some indulgence, that is, it lets us be human. The great memories your family will create in your new dream home, that alone is priceless.

    • Jonas Borchgrevink

      June 13, 2017 at 10:35 pm

      Great words, exactly. Memories are always worth more.

  15. Sfinance1966

    June 13, 2017 at 8:50 pm

    I am about to do exactly the same, massive mortgage, hitting my crypto investments for a dream home by the sea, even has a ramp to let boats into the sea. £650K.
    Money can be a tool to find happiness but will not buy happiness.

    • Jonas Borchgrevink

      June 13, 2017 at 10:35 pm

      Yes! Do send me some pictures if you purchase your home. Wish you all the best!

  16. gullyfoyle

    June 13, 2017 at 8:50 pm

    Jonas congratulations, purchased a place myself last year. Finally feels like a home after renovation and no end of drama. Now we’re looking to sell it for a tiny profit and buy something more appropriate and locking a mortgage for 20 years. I’m certain a decline is coming but with that kind of stability it’s worth the risk. After all you need somewhere to live.

    • Jonas Borchgrevink

      June 13, 2017 at 10:36 pm

      Yes, and as long as you have a long horizon and don’t need to capitilize your home, it will be a positive thing.

  17. hollyjoykersh

    June 13, 2017 at 8:58 pm

    Congratulations Jonas! Sometimes the house chooses you! It will be a beautiful home for your family and an incentive to strive for greatness. Thanks for all your advice.

    • Jonas Borchgrevink

      June 13, 2017 at 10:37 pm

      Thank you for your comment 🙂

  18. Prateek

    June 13, 2017 at 9:08 pm

    Congrats Jonas ! Beautiful house, Good decision one has to take for family and your financial wisdom will easily pay off the related mortgage. All the best 🙂

    • Jonas Borchgrevink

      June 13, 2017 at 10:37 pm

      Let’s hope so 🙂 Thank you.

  19. wootrain11

    June 13, 2017 at 9:16 pm

    Very nice post. Enjoyed reading about your positive direction with you and your family. All the best! I am a new subscriber and am glad to be a part of it.

    • Jonas Borchgrevink

      June 13, 2017 at 10:38 pm

      Glad to hear that, welcome and thank you!

  20. ishturman

    June 13, 2017 at 9:38 pm

    Congrats, from Mexico.

    • Jonas Borchgrevink

      June 13, 2017 at 10:38 pm

      Thank you ishturman! Hope you are doing fine overseas.

  21. danielray

    June 13, 2017 at 9:44 pm

    Nice house, I think the most important thing is that is near the forest. I would love to live in such a place. Hopefully after some hard learned lessons and couple of hundreds of thousands lost, I will regain and buy a similar home near Bucharest, my home city. You example is very important. It reminds me that money is not everything and that quality of life is worth the higher price. Thank you !

    • Jonas Borchgrevink

      June 13, 2017 at 10:39 pm

      Hello Daniel, really glad that I’m able to give you something of value. And thank you for your comment.

  22. WalterSobchak

    June 13, 2017 at 9:48 pm

    Beautiful house Jonas, congratulations for you and your family.

    • Jonas Borchgrevink

      June 13, 2017 at 10:39 pm

      Thank you Walter 🙂

  23. ltummers

    June 13, 2017 at 10:53 pm

    IMHO what would be a better investment than a house to enjoy with your kids and love?
    No crypto / stock or business in the world. Remember why do we do trade at the bottom line? We want to set us free and be financially independent for the future to come. No big bankaccount or 10000 BTC will bring you love & smiles on your kids face. Maybe it’s a cliche but many people forget basic life principles. I wish you all the best in your great new home Jonas 🙂

  24. maxwest

    June 13, 2017 at 11:08 pm

    Very nice. I am happy for you. We will be on holiday to Norway this summer to see the Fjords with my family.

  25. RH2302

    June 13, 2017 at 11:17 pm

    Looks like you got your life well on track! I think it’s an accomplishment to be proud of. Certainly at your age.

    Thanks for making this community possible. Hopefully, in 2 years, it will bring me where you are now ?

  26. MSNP05

    June 13, 2017 at 11:53 pm

    Congratulations Jonas !! Excellent home .. totally agree with your writeup.

    In my opinion, home is an investment that one should make not looking at the price alone, but looking at it as a place to rest after a tiring day, a place to enjoy with your loved ones, a place to cherish as an outcome of how good you have done in career. Obviously it needs to be a measured investment to ensure you are able to sleep peacefully but once you know how much you can stretch and if all of you in the family are able to look at each other and feel proud then call it Home.

    Enjoy your new home !

  27. pradz

    June 14, 2017 at 1:44 am

    Its early morning here in India and you spring up these beautiful pictures of your new home, and I’m happy looking at it so i can’t imagine what a flipping butterfly you might be.

    Echo others’ sentiments of good/bad decisions, ROI and family. All that matters is what YOU think Jonas, if you think you did good. That’s all you’ll ever need to know.

    Congrats man, You hacked it! Enjoy your home.

  28. shijo234

    June 14, 2017 at 4:17 am

    Congrats, Jonas.. Beautiful House..

  29. UNIQUE

    June 14, 2017 at 4:31 am

    Hearty Congratulations Jonas !! ?
    Its really a very very nice home and perfect decision. And I am quite sure that you all will enjoy this home very well.
    All The Very Best !!!
    ?????????????????

  30. elminv

    June 14, 2017 at 6:32 am

    Congratz man it looks beautiful, enjoy it! 🙂
    I might be in Oslo after Christmas, I’ll let you know!

  31. Freestayl

    June 14, 2017 at 7:14 am

    A very nice looking house! Congrats, Jonas!

  32. walt747

    June 14, 2017 at 12:32 pm

    Great Choice Jonas, buying a House early on is best investment but of course best get it at lower than market value price, but look at it longterm, you get to enjoy it now and the years to come which gives more value to you and your family when you use it. God bless you!

  33. K49FRJyel

    June 14, 2017 at 10:39 pm

    Congrats! Looks like a great place. Currency is a tool – and one of the important things you build with that tool is a home you love to live in. No point in creating more stacks of currency if you can’t love your life.

  34. mandym4life

    June 28, 2017 at 1:10 pm

    Sick patio.

  35. porcupine1967

    July 16, 2017 at 10:56 pm

    Nice place and looks like a lovely location but my dream house has an indoor pool, tennis court, steam room and a good few acres even though I cannot swim, or play tennis and I hate insects but it’s nice to dream.

  36. tgsmikema

    October 26, 2017 at 11:19 am

    Congratz Jonas! Awesome and beautiful house, must be so good to live in there, but housework load should also increase 😛 Haha

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My CFD Journey: 72,000 USD Up Today

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Wow the indexes are falling globally now. Dax is down with 1% today – same as Dow Jones. I would love to do a short call on these indexes, but that have seriously hurt my financial standings previously since we still are in a “bull” market with earnings reports beating forecasts and macroeconomic numbers excelling analysts viewpoints. I only want to trade by using trend following, so even if the markets are down, I love to do short buy calls as they most likely will rebound to new ATH (all time highs). The reason for just doing short buy calls is that we might be on the tipping point to a bearish market, but that’s something I would like confirmation on from e.g. macro numbers, earning reports and such. Until then, I’m quick in and out.

Here is my results

Order Entry Price Take Profit Stop Loss USD Bank Roll USD % Change
Start 258 064,52
Day 1 25.01.2018 Dax Buy 13268 13274 13262 6 472,52 264 537,03 2,51
Day 2 26.01.2018 Dax Sell 13342 13318 13392 7 642,84 272 179,87 5,47
Day 3 29.01.2018 Dax Buy 13331 13336 13313 12 508,39 284 688,26 10,32
Day 4 30.01.2018 Dax Buy 13226 13233 13176 6 625,94 291 314,19 12,88
Day 5 31.01.2018 Dax Buy 13217 13230 13187 26 474,06 317 788,26 23,14
Day 5 01.02.2018 Dax Sell 13291 13265 13327 10 834,58 328 622,84 27,34
Day 6 02.02.2018 Dax Buy 12797 12825 12772 72 314,97 400 937,81 55,36

Using ProRealTime

As I wrote yesterday, I’m using IG.com to trade CFDs. They got a tool called ProRealTime that I started to use yesterday. It’s a great tool with many more indicators and tools, and best of all, you get a good look at your stats. Here is my stats so far on ProRealTime in NOK (1 USD = 7.65 NOK – click on the images to get a larger view):

As you can see from the image above, I got 8 winning trades and 1 losing trade. I tried to buy the dip on Dax but managed to enter a bit too early. The Dax index fell quite rapidly after I initiated this trade and I wanted to keep it open as long as possible as I knew a rebound would happen. But I was not comfortable enough to sit it through so I closed it. Still feeling certain that the price would rebound I entered a buy position yet again at what I thought would be the lowest low. And thankfully, that worked and it rebounded above my initial entry point for the first trade. To ensure that I got the profits I wanted, I did a third trade buying Dax when RSI showed a trend reversal (rose above 50). I closed the trades once I was happy with the profits and because I became nervous that the price would turn back down. Then I initiated the last trade of the day going long on Dax yet again.

Here is the total overview of my trades today:

I would again like to highlight that trading CFD is very risky, and I’m still significantly down in total these last 3 years.

My trading rules

  1. Only risk max 2% of my bank roll per trade.
  2. Have 0 active positions during the night (first of all, I lose sleep, second; you are charged an interest fee for leaving a leveraged product overnight.)
  3. Always trade on last month’s trend including the previous day(s). If they do not correlate, I will not trade.
  4. If one position is lost, I’ll double the amount (martingale) and do a second trade. I’ll only stop doubling after 3 consecutive losses.
  5. Do not think about lost trade opportunities.
  6. Markets to trade: Dax & Dow (minimum spread).
  7. Stay updated on economic releases prior to entering a trade.
  8. Do not have emotional ties to the money. I like to call them “points”.
  9. Only enter a position when an asset is overbought or oversold shown by both RSI & Stoch at the same time.
  10. Always write down your trades and elaborate what went right or wrong.

What is the meaning of this?

Why I’m I writing all these posts? My main goal is to find a working strategy trading CFDs and be able to mentor Hacked.com members and do live sessions together. However, I would like to keep going for at least one month until I feel comfortable that the strategy I have, actually works. I would rather lose my own money, than lose any of yours.

I wish you all a great weekend. We are going to visit our family this weekend and have a nice time.

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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Who Moved My Cheese?

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It’s been a while since I wrote a post. I’ve been busy with creating CCN.com and migrate CryptoCoinsNews.com over to the new domain with a fresh design. And It’s been Christmas with daily family dinners. I decided to quit my job at Wilhelmsen.com as a Digital Trainee. I’ve worked there for a year now, and with the growth of CCN and Hacked.com I had to take a choice. I want to make CCN and Hacked to one of the strongest crypto sources and our team is rapidly expanding. We are now more than eight full time employees and more than 20+ as part timers.

I also bought hvy.com in December, and I want to develop MoneyMakers.com into something more during the coming year. We are building a small media empire with a very decentralized structure. I love the team, and I especially love our dedicated readers and members.

I started 2017 by posting the following:

  1. My own longterm goals, what are yours?
  2. Join me to my first goal of $1 000 000
  3. My First Investment Towards $1 000 000

What is a bit ironic, is that I reached my “longterm” goal last year. It should have taken at least ten years, but I managed it in one. I managed it because of a few things:

  1. Dedication
  2. Team work
  3. Luck

Who would have thought that the crypto scene would blow up like it did last year? It was insane, and we still keep setting records.

Then to a few “lost activities” on hacked.com. The 33% club lost some steam this fall, purely due to my priorities at that time. I’ve still been investing, and I now have approx. 1 million USD in different assets (not cryptos). I will continue the 33% club from February and onwards, and I want you all to join. I will do a new post later in January with a better setup.

Then to my “Robot” affair. First weeks I made $5000, but then things started to go terribly wrong. I had multiple issues with using robots on MetaTrader 5 (I used Roboforex as my trading platform). One of the main issues I found was that the robots did well on certain days, but then when they made the wrong moves, I lost twice of what they originally made. And sometimes, my VPS went down and the orders were stuck until I manually exited them. Mostly with a huge loss. I do not think there’s any good robot out there where you can just leave your money and “forget them”. I’ve decided to focus more on investing my money in secure assets, stocks, indexes, and bonds. I’m still looking for the golden opportunity, and once I find it, I’ll share it with all the members on hacked.com.

Who Moved My Cheese?

I read a short book here the other day called Who Moved My Cheese? and it’s really worth reading. It’s stupid simple, but it’s so true. Basically it says that people who are stuck in the same patterns will end up depressed and “broke”. Your “cheese” or “money” will always be fluctuating, you have to chase it to new grounds. You might think that you can work for your employer until you die, but that will most likely be a terrible mistake. To believe that what you have now will be lasting forever. Successful people manage to change quickly, spot new opportunities, and move forward with their lives. I personally have experienced being stuck for a while, but now I feel free and I want to keep chasing the cheese in new arenas or mazes. Risk and failures are a part of your learning curve. Same can be applied in so many aspects of my and your lives. I recommend reading that book.

After I’m done 31st January at Wilhelmsen (my regular 9-5 job) I’ll focus more on Hacked.com and its community, and I’ll definitely write more and share my thoughts with you.

Thank you for a great 2017, now let’s make sure 2018 becomes even better for all of us.

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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Searching for the Meaning of Life in Dubai

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Last week I traveled to Dubai with a group of people in Wilhelmsen, where I work as a Digital Trainee, for our third module in Design Thinking with Pracademy. We are a group of 24 people which Wilhelmsen considers to be Leadership Potentials. We are fortunate to be a part of this year’s company program, and we have all learned so much about ourselves. In this post, I will try to communicate what we learned during last week’s module. Be aware that this is a four months program, and it’s hard to get the feeling of it by just reading about it. But I hope I can share some of the knowledge that I acquired and get you more interested in improving your own life.

Find your passion and go all in!

Most motivators and teachers say that you need to find your passion, make work a hobby that you enjoy every single day. I have even caught myself saying that over and over again (on Hacked). However, as I learned during the sessions in Dubai, more than 80% of us do not know what their passion is. I started to wonder if I knew what my passion is. And I’m still insecure about that. I do know that I want to contribute to the world, I want to help and serve people. I want to create things that I know other people will love; I want to leave a footprint on this earth.

I often have this mind experiment where I picture myself as 80 years old with bad health in my nursing home. Do I think that I managed to get the most out of life? Am I satisfied with all the things I achieved? Or do I have regrets and feel remorseful? The goal for every person on this earth is to be satisfied with your life when you’re near the end. I guess most people aren’t in reality. And that’s a big shame. Some people might regret that they worked too much, had too little fun, too few good experiences with their loved ones, too few memorable memories.

I pray that I will be happy with my life and what I accomplished.

How to find your passion

If you do not know what your true passion is, there’s still hope for you. You can spend years trying to find your ultimate passion. Think of what makes you happy, what you enjoy or care for. My strong passion for creating things started in my childhood. I always drew new inventions on a piece of paper and started small kid businesses. I played music; I was a drummer in a nu-metal band, I started to sing and rap and create songs. I painted and used my creative skills to visualize my thoughts. I traveled during holidays and experienced new cultures, new food. Oh, I love good food. I love cooking a great meal for family and friends.

I could probably achieved anything that I had/have passion for. I could have been a:

  • Cook
  • Artist
  • Painter
  • Drummer
  • Entrepreneur

I chose to become an entrepreneur mostly due to financial possibilities. As being financially independent was and is very high on my priority list. But that does not mean that I wouldn’t have a meaningful life being an artist with less money on my hands.

Economist Angus Deaton and psychologist Daniel Kahneman researched happiness and money in 2009 where the focus was on US standards, and it’s population:

So, where does the $75,000 come into play? Researchers found that lower income did not cause sadness itself but made people feel more ground down by the problems they already had. The study found, for example, that among divorced people, about 51% who made less than $1,000 a month reported feeling sad or stressed the previous day, while only 24% of those earning more than $3,000 a month reported similar feelings. Among people with asthma, 41% of low earners reported feeling unhappy, compared with about 22% of the wealthier group. Having money clearly takes the sting out of adversities.

At $75,000, that effect disappears. For people who earn that much or more, individual temperament and life circumstances have much more sway over their lightness of heart than money. The study doesn’t say why $75,000 is the benchmark, but “it does seem to me a plausible number at which people would think money is not an issue,” says Deaton. At that level, people probably have enough expendable cash to do things that make them feel good, like going out with friends. (The federal poverty level for a family of four, by the way, is $22,050.)

So if you live in the US, a goal for financial freedom could be $75 000 or $100 000 as income per year. If you make more than that, you won’t necessarily become happier just because of the money.

However, if you make too much money and you are in an in-group where your peers make much less than you do, you can be in a situation where jealousy and envy will affect your life. And that is not a good feeling at all. I believe that the people in the middle of the scale live the happiest lives. There have been numerous cases where people that won in the lotteries have ended their lives due to envy and jealousy from their friends and family. Where they thought winning a lot of money would make them happier, while it only magnified their problems.

Empathy

In Design Thinking, empathy is a crucial part of the process. The ability to feel compassion for other human beings. To understand their problems, feelings, and emotions and to share their pain, grief, happiness or sadness. I know for a fact that I could be much more empathic and that is something I will improve. See the video below that shows what empathy is:

We saw this video in Dubai, which almost made me cry (we were in a particular mood..):

There’s so much going on in that video. Mo Cheeks felt empathy with the girl singing the national anthem, and he could feel compassion since he had a daughter at that age.

Things change when you get a child, for me that has a daughter who is seven months, I can relate to the video above. You might not.

What characterizes a great leader?

We did a session where everyone in the room in Dubai explained what a great leader is for them. The list included:

  • Good listener
  • Empathic
  • Understanding
  • Good motivator
  • + more

Most of the points we as leadership potentials defined as a great leader had nothing to do with “IQ.” Most of them had everything to do with “EQ,” emotional intelligence. It is mindblowing that we do not learn more about emotional intelligence during school, and that all businesses focus on “IQ” when hiring, not “EQ.” I believe that is skewed and is important to reflect upon.

Mindfulness

We also learned how to be more mindful. They encouraged us to use 30 minutes to sit quietly, close our eyes, focusing on the now. Breathing slowly and try to get as calm as possible. There’s scientific research on how mindfulness can help you become more happier, healthier and more successful:

And then one of the many guides on mindfulness:

Communication

We did a session where we were paired up to use mindfulness to listen and repeat. A was given 6 minutes to talk about a challenge at work, B was given 3 minutes to repeat what he/she heard, A was then given 2 minutes to clarify what B might have misinterpreted, B was then finally given 2 minutes to repeat what A clarified. This was a session that made me realize how easy it is to misinterpret. This can be used in every aspect of your life. It is so easy to misunderstand what a person is saying or meaning, so try to ask a question after a discussion: “Did I understand you right, that you want…” or “Could you please clarify what you meant by…”.

Writing

A professor of culture and psychology from South Korea gave us a session on writing. How writing in a notebook can help you learn better and understand what was communicated. From now on, I’ll always bring a notebook in meetings and write with my hand. Then I’ll add the written information to my computer later on.

Emotions

We often say: “I am angry.” That is a big mistake. We are not angry, but we do feel anger. So whenever you “are angry, sad, or irritated,” say in your head that you are “feeling angry, because..” and you will be able to control your emotions in a much more sufficient manner. Do not let the feeling itself take over who you are. You are not your feelings, you simply feel them and they will pass.

And Finally, you have the Siberian Railroad: SBNRR: Stop, Breathe, Notice, React, Respond.

 

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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