Frank wants to decide for himself where, how, and if he even needs to work. This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
David Frank, 35, wants to be able to live off passive income by his mid-40s.
His portfolio is worth around $270,000.
Frank told Insider how he invests each month and how his goal progress is looking.
David Frank has one big goal — he wants to be financially free.
He wants to decide for himself where, how, and if he even needs to work. To achieve this, he invests money in the stock market each month, with the goal of being able to live solely off the dividends. The 35-year-old wants to achieve this by his mid-40s and then perhaps retire early.
Insider is following Frank on his path to financial freedom. Every month, he gives us an update on how his goal is shaping up. He tells us what setbacks he’s encountered or what progress he’s made.
David Frank has worked as a manager at the consulting firm PwC for almost 10 years. He’s married to a doctor. Together with their children, a two-year-old son and a five-year-old daughter, the couple lives in a detached house in a suburb in Cologne, Germany. Frank also runs a blog, Jung in Rente . The path to financial freedom — January 2022 Insider: How much is your stock portfolio currently worth?Frank: “My portfolio is currently worth around $270,000 (€236,000). Of this, almost $122,000 (€107,000) are in 44 individual stocks and $147,000 (€129,000) are in my globally diversified ETF portfolio. In total, this is worth the same as in the previous month. However, my individual stock portfolio has performed significantly better than my index funds.”I: How much did you get from […]
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