How to Diversify?

How to reduce risk by spreading capital into different investments? More »

Does Economical Living make People Free?

Some people live below their means, work hard, save bulks of their income and pursue financial independence aggressively. Is this the right path? More »

How to Build an ETF-Portfolio?

Guideline for constructing a market portfolio. More »

 

Five Areas in Life that Impact Us Most

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A lot of people know what to do, but only a few actually do that they know. Knowledge can only be valuable due action. You must take action. But, when the action becomes really important?

Top Ten Online Markets

Market-Size

A profitable internet business model needs a huge target market. The larger the market, the higher the upside.

Impulse Purchase

buy_now

How to attract impulse purchases? What motivates impulse buying? Consumers made even large purchases on impulse. Three sales arguments are related to such impulse decisions. Valuable information for both, the conscious consumer and the eager salesman.

#3 The Friend

Exponential growth

Why you should let time and capital work for you together as a mantra.

The most powerful force in the universe is compound interest. — Albert Einstein

#2 The Enemy

capitalism

Reality is hard. Everybody wants something from you and you have to be cautious especially with your financials. Knowing your enemy, you will automatically select the right information in communication and think about the right questions (due the selective perception effect in your reticular activating system).

#1 Why Financial Independence?

why

Most people or even companies live from paycheck-to-paycheck. You want to escape this debt-powered and self-imposed treadmill or hamster-wheel and jump into a new lifestyle.

Three Things We Do Not Learn in School

white_girl

They did not teach us the most important skills in life. There are three areas which are completely overlooked by all western public teaching systems. What a pity that those areas are the ones that are most likely to determine your success, fulfillment and happiness in life.

Assets & Liabilities

pink_glasses_paris

The problem with financial education is that it is not taught in schools. So usually parents teach. Unless your parents are in the top 1%, they usually teach how to be poor. Not because they do not love you – they just do not know what they are teaching. They do not read books like “Rich Dad, Poor Dad” by Robert T. Kiyosaki and learn how to work with money.

Start Budgeting!

Budget

Budgeting awakes many negative associations. No wonder that one-third of people do not budget at all and two-third say they are unsuccessful at budgeting. Household budgeting often stands for fantasy, guiltiness, irrelevance or negativity.

Why Delay Spending?

starbucks_coffee
Starbucks Coffee
Yesterday we were reading one typical blog post where someone discussed how he had exit the consumerism. As proof, the blogger does not purchase daily morning coffee at Starbucks for $4 like his colleagues anymore. The article was mainly about how the money saved from not buying coffee will produce gobs of money that will eventually enable him to retire early. Is this the right way to think about delayed spending?