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…
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…
4 Paths to Financial Freedom
This is post #12 from the 30 Day Personal Finance Challenge: Boost Your Financial Health with a Daily Tip! Now comes the long expected question – how the hell am I going to pull this off in 5 years? How will I get to financial independence? It’s a complex and simple question at the same time. Let’s…
7 Sure Ways to Reach a Dead End with Your Finances
This is post #11 from the 30 Day Personal Finance Challenge: Boost Your Financial Health with a Daily Tip! Hello there, this blog helps you get your finances in shape and live a free, simple life. I never asked you if this is what you’re after though… I am new to this blogging biz so I…
How Calculating Your Net Worth Will Help You Reach Financial Independence
This is post #1 from the 30 Day Personal Finance Challenge: Boost Your Financial Health with a Daily Tip! It first occurred to me to calculate my net worth while reading Harv Eker’s book: Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth. Rich people focus on their net worth. Poor people focus on their…
