Financial Independence in Denmark

Should I utilize retirement accounts or go taxable?

One of the major decisions when investing is whether to invest in retirement accounts or in a standard taxable brokerage account.

Buy or rent?

One of the financial questions almost everyone will ask themselves at some point is “should we buy a home or should we rent”. In Denmark, we have a very big societal pressure to buy. If you dare to question the general notion that everyone should buy their own home the answer I hear most often is: “I want to pay off on my house instead of pouring money into the pocket of some landlord”.

How much money do I need before I can start investing?

I’ve seen this question a few times recently. It usually goes something like “I can set aside x kr. a month for investments. How many months should I save before I invest it?“. The question makes great sense because if you invest too little and too often the brokerage fees might eat up a relatively large percentage of your investment.

What to do with the money I saved?

So, this is one of my favorite topics to discuss and there is no one set way to go. Here I outline what I’d probably do and then discuss some other approaches. The general idea is really simple but each step has a lot of nuances: Simple guide on where to put your saved money!