The interviews series are continuing with Alexander, the author of Financially AI! This one is for all my friends who’re still wondering what to do with their savings. For the ones who are relying on a financial advisor/broker to take care of their long-term net worth and especially the ones who don’t dare to invest….
Investing
My simple formula for financial success is: Spend less than you earn and invest the difference. The idea here is to focus on building assets. In this way, your money well-invested start to yield returns a.k.a as Robert Kiyosaki says: your money start working for you.
Gaining the knowledge and skills to invest is a path of itself. Here we need to expand our financial education and learn to make smart choices about where we put our money.
The options are vast: the stock market, real estate, gold, businesses, etc. Here I share what I have learnt along the way.
Why I am Sceptical about Bitcoin: Guest Post by Jörg Stöber
2017 was the year of the crypto! Bitcoin raised to all times high, and all the altcoins followed suit. While I have been making up my mind about it, Gestoeber my partner in life and the Financial Independence goal has a clear view of the crypto world. Here’s why he is sceptical about all things crypto. ******…
How to Invest in Christmas
Are you looking for out-of-the-box opportunities to invest? Read on! Exactly 7 months from now is … Christmas! You guessed it! I don’t do Christmas for the obsessive overconsumption. But I love Christmas for the food, the snow fights, chilling with the family and watching a great Christmas comedy. I love creative ways of making money….
Investing in ETFs 101 for beginners
You want to start investing in ETFs but haven’t started yet? Don’t worry. The best day to start investing was 20 years ago. The second best day is today. You’ve come to the right place, my friend. If you haven’t done it yet, set your brokerage account and get familiar with the online interface. Let’s…
7 Common Misconceptions About Buying a Home vs. Renting
The interest rates on home loans are at all times low. The interest rates on savings are close to zero. It’s logical to ask yourself: What do I do with my money? You are bombarded with all kinds of ‘wise’ advice and marketing messages: Don’t make your landlord rich – instead of paying rent, invest in your own…
The 13 Worst Investment Mistakes You Can Make
Financial literacy is a life-long process. Along the road to financial freedom, you will have many tempting opportunities to invest and grow your money. Here are a few investment options you should stay clear of: 1. Investing in something you don’t understand Number one mistake tops them all! Don’t get trapped into buying something you…
Money is Like Energy, It’s Never Lost
This is post #25 from the 30 Day Personal Finance Challenge: Boost Your Financial Health with a Daily Tip! The conservation of energy principle is one of our most cherished laws of physics. Energy cannot be created or destroyed, it can only be changed from one form to another. – Albert Einstein Here is an idea: Just like energy,…
How to Find Your Unique Investing Style
This is post #24 from the 30 Day Personal Finance Challenge: Boost Your Financial Health with a Daily Tip! Now that you have opened a brokerage account and you the stock market lingo it’s time to choose your investment style. Gaining a basic understanding of the major investment styles is one of the fastest ways to make…
20 Essential Stock Market Terms for Beginner Investors
This is post #16 from the 30 Day Personal Finance Challenge: Boost Your Financial Health with a Daily Tip! Congratulations! Now that you have opened yourself a brokerage account, you officially entered the stock market world! To operate smoothly in this world, you should know the language of the stock market. In today’s post you will…
How to Start Investing in the Stock Market?
This is post #15 from the 30 Day Personal Finance Challenge: Boost Your Financial Health with a Daily Tip! So far I have been writing exclusively about the right money mindset, knowing where you stand financially, reducing expenses, building an emergency fund and saving as much as possible. But this is only one side of the equation! You…