Money is one of the biggest stressors in a relationship. For many couples, the financial topic is a delicate one. They avoid and neglect it until it’s too late. I have written my opinion about the importance of having the money talk as soon as possible. Here I will outline a few ways in which you…
What Happened to My 2017 Goals – 1st Quarter Review
In December of 2016, I shared 13 steps to become mighty real on your goals. I followed my own advice and proudly put my goals on the wall. I claimed all you needed to do was to bring those wishes and desires to the light of day, and then they will become reality. It’s 3 months down…
How I Overcame My Biggest Fear
People! I can drive! What does this have to do with personal finance or financial independence? Everything and nothing. Read on. My History with (not) Driving: You see, for a very, very long time driving for me was a dread. I got my driving license when I was 18. I had my driving lessons on a manual transmission…
Where Does the Magical 4% Rule Come From?
In the last post, I revealed my exact plan for reaching financial independence. I outlined my current progress, my assumptions, and a forecast on when I will reach the goal. If you haven’t read it, go have a look! To have my basic expenses covered for the rest of my life I need an investment portfolio of €300K….
Financial Independence – the Exact Plan Revealed
Now that I nailed my life after reaching financial independence, here are some numbers to back it up. As I previously stated: Early retirement for me means to have my basic monthly expenses of €1000 covered for the rest of my life. I need to develop an investment which yields €1K monthly (or €12K yearly) continuously for the rest…
How I Imagine Retirement in 5 Years?
The big goal of reaching financial freedom in 5 years is out there! But what does it exactly mean? How will I know I have reached the goal? Early retirement means having my basic monthly expenses of €1000 covered for the rest of my life. I exclude possible future increases in expenses caused by any exceptional and unforeseeable…
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…
Personal Finance – Where Do I Even Begin?
The 30 Day Personal Finance Challenge is over. Now what? The first step is the hardest If you feel like you don’t even know where to start you are not alone. Most people are too busy to invest time into a thorough analysis of their finances and putting together an action plan on how to…
13 Things I learned on a 30 Day Challenge
This is post #30 from the 30 Day Personal Finance Challenge: Boost Your Financial Health with a Daily Tip Exactly 30 days I ago I started the Personal Finance Challenge! On one side, I was challenging you to put in shape your finances. On the other side, it was for myself to force me to write a…
Use the Power of the Money Master Mind
This is post #29 from the 30 Day Personal Finance Challenge: Boost Your Financial Health with a Daily Tip! Napoleon Hill introduced the concept of the Mastermind in the early 1900s in his timeless classic Think & Grow Rich. The concept was inspired by Hill’s careful analysis of more than 500 exceedingly wealthy men over a period of 20 years –…
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