Let me share a perspective. I see Money as a friend. The more care and respect you treat them with, the more they will stick around. If you don’t appreciate Money or completely ignore them, they will run away from you. Money of itself is not dirty. It’s the concepts around Money that might put you off or make you feel…
Budgeting for Couples – 4 Ways to Do It
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…
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….
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…
How I Cut My Expenses in Half
This is post #28 from the 30 Day Personal Finance Challenge: Boost Your Financial Health with a Daily Tip! Once I knew how much I spend and for what, I could see what my biggest expenses are. The best way to approach cutting your expenses is to face the biggest pains first and then optimize the rest. My biggest…
Online-Only Banks: What to Look for
This is post #27 from the 30 Day Personal Finance Challenge: Boost Your Financial Health with a Daily Tip! What is an internet-only bank? A bank which offers serves only online. An internet bank provides neither locations that you can visit nor face-to-face interactions with clerks. That’s why it’s so important to conduct thorough research before opening…
Are You Part of the Banking Sector Evolution?
This is post #26 from the 30 Day Personal Finance Challenge: Boost Your Financial Health with a Daily Tip! Do you still pay for having a bank account? Do you still pay for cash withdrawals? Have you overslept the disruption of the banking sector? You might have opened an account a few years back. The conditions might…
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…
