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.
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 »
Three Things we do not Learn in School
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
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!
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
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?
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?
Education & Earnings
Starting Point
To be financial independent, you must accumulate wealth to let is work for you. Obvious way to do this is to save money by spending less money than you earn. That is not the only way to do so (eventually not even the best way). But, it is the most straightforward method. Based on that, main focus should be on income.
Start-Up or Corporate Job?
Youth Spirit
Today every second student from the world’s best universities want to be an entrepreneur. Press and online media are discussing start-up stories over and over again. Beginners ask about valid ideas and how rich they would be at the end.
Welcome to Reality
We dreamed for years about financial independence. While there were times we did enjoy working, we never did feel like we fit into corporate life. Partly, we did not like the lack of control, the games that were played and the repetition of movements and tasks. But mostly, the problem was that work interfered too much with the other things we wanted to do in life. Imagine that!
ETF Portfolio Building
“Cooking Recipe” ETF-Portfolio (Focus Stock Markets)
We hear often one question: How to build an ETF portfolio with X €? Basic information are summarized in this guideline.
Investment Basics – Excellent Video
Outstanding video showing short & pointy fundamentals about private investing: “Everything You Need to Know About Finance and Investing in Under an Hour”.
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