Desire to Retire
A relationship ends where money discussions begin. This saying was one of my grandma’s favorites, and it shows perfectly the timeless issues most couples have around money. It starts with small things like who pays for dinner (not always him) and ends with big transactions like rent or mortgages. Of course there is not the…
When thinking about financial freedom, most people get scared or demotivated, because they think they need at least 1 million to retire or even more.But keep calm and read on, because this is not true! With optimism, a calculator and simple formula, you can find out how much money YOU actually need to spend your…
Around 5 months ago I’ve decided to make my first experience with Options Trading. During the first lockdown due to COVID, I have ordered several finance books, including one related to options. Honestly, this topic is very overwhelming if you never heard about it. To better understand what I went through, you need to understand…
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…