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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.

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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.

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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 money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



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59 Comments

59 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 πŸ™‚

    • 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! πŸ™‚

    • 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. πŸ™‚

    • 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 πŸ˜‰

  9. St3fk0

    June 13, 2017 at 8:07 pm

    Congrats! Beautiful house.

    • Jonas Borchgrevink

      June 13, 2017 at 8:23 pm

      Thank you! πŸ™‚

  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 (IΒ΄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 πŸ™‚

  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. Β£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 πŸ™‚

  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 πŸ™‚

    • Jonas Borchgrevink

      June 13, 2017 at 10:37 pm

      Let’s hope so πŸ™‚ 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 πŸ™‚

  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 πŸ™‚

  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 !! πŸ‘
    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! πŸ™‚
    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.

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My first experience with Robot Trading: Up $5 000 in Two Weeks

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Since I’m pressed on time with multiple obligations (job, familiy, hacked.com, CCN, MoneyMakers) I decided for a couple of weeks ago to look into robot trading. I wanted to find one or multiple robots to do the trading for me. I ended up with downloading MetaTrader 5 and buying two different robots from their marketplace. I started with 16 000 USD on the trading account, and after two weeks the robots have made me $5 000.

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That’s a whopping 31% increase within 2 weeks…!

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So, which robots do I use?

I do not want to disclose that just yet, I need to test my robots rigorously before I can recommend any of them. And if this is a money making machine, we can laugh all the way to the bank.

Have a good weekend.

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Due to High Demand: MoneyMakers Now Available as a Monthly Membership

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Since we opened for registration yesterday, we received many requests to offer a smaller membership for a monthly fee instead of the yearly $5.999 offer. I am all for listening to our members at Hacked.com and I have decided to open a new membership level on MoneyMakers.com for $249 per month. It is a lite-version of the premium yearly offer, and if you want more support – you are free to upgrade to a premium membership.

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Limited Discount Code

For the monthly membership of $249, I’m giving the first 50 clients a $50 monthly discount by using the coupon code: C173C8F840

Our offer

Get guidance from our team and receive a mentor to help you in reaching your financial goals.Β If you follow our rules, you will reach your financial goals within ten years. If you don’t, we will refund 50% of what you have ever paid us. If we see that we can’t increase your returns more than this membership cost, we will cancel your membership and issue a one month refund.

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And yes, you can pay with bitcoin, just email me: jonas.borchgrevink(at)moneymakers.com

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Limited Offer: MoneyMakers is Now Open for 10 Members Only

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I’ve decided to start with 10 members only for MoneyMakers.com. I’ve priced MoneyMakers.com after what my team and I will provide for you during the course of a year(s). I initially thought we could do a monthly fee, but this seems to be counterproductive as our service will be focusing on longterm growth, not short term.

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Also read:Β Pre-register for private consultation

This service is a 1-1 service, you will get full backing by me and my team if you join.

While the price is high, your outcome is expected to be higher. You can read more about what we will offer and which guarantees we will give you here: https://www.moneymakers.com/checkout/?level=1

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I will only start with 10 members initially. Due to the interest I’ve received, the available memberships will fill up quite fast.

MoneyMakers will eventually evolve into a full network of highly motivated individuals.

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