Desire to Retire
Today I want to talk about the one and only way to understand in which category you spend the most of your money and what your bad spending habits are. Since 2 years I know my expenses in detail, up to the penny. And it helped me to change the way I spend my money!…
In July I’ve earned 84,15€ and increased my positions in $T (AT&T). I am planning to invest more in $IRM (Iron Mountain) and maybe again in $T. I am saving some money so I can increase my positions on those stocks. After the July dividend income, I’ve already crossed my income from 2019 which feels…
In June I’ve created positions in my portfolio with 2 new companies from Germany. With Allianz and BMW I’ve decided to add them to my portfolio. I am planning diversify my portfolio from a country point of view and since I know these 2 companies It made sense for me. In addition I have added…
In May I’ve created positions in my portfolio with 1 new company. I’ve created a saving plan for JPMorgan Chase which was executed the first time in May. I am planning to invest some more money in the bank industry in the next 2-3 month. I had a savings rate of 61% and I’ve earned…
Can you become financially free in Europe by reading US personal finance books? In this financial freedom podcast episode, Joney and I’ve discussed about various topics including investing in individual stocks and Real Estate crowdfunding. We also discussed the importance of analyzing your expenses and shared 2 classic examples on how easy it can be…
The coronavirus pandemic has our life’s still under control, even the plan is to have less constraints over the next few weeks. I am currently not sure if it is the right decision to open up the world in that speed, but who knows. I just want to avoid that things are going back as…
4 years ago, I was in a situation where I just saved 10 Euro a month. I was told to put money aside for emergencies. There was no logic behind my savings. I just put money into a savings account but it didn’t stay there for long, because I thought it would not make a…
With the COVID-19 pandemic, March 2020 was a very interesting month for people who are investing their money in the stock market. The stock market fall significant and many people lost a very high amount of money. But people only lost their money because they sold their shares. One says, you only loose if you…
Today I want to spend some time on the Emergency Fund. What is it? Where should you keep the money? Why you need an emergency fund? How much money do you need? I was there. I needed money very quick and as it shouldn’t be, there was no emergency fund I could get the money…
I‘ve started my dividend portfolio in the middle of 2018 and at that time I was overwhelmed with the information you receive on the internet on how to do things right and how to avoid this and that. Here is a beginner’s guide to build your dividend portfolio. Over the last 1,5 years I have…