It can't be emphasized enough: Developing your career is still the best and most promising way to secure your financial future. We all know the mantra that parents, banks and insurance agencies try to feed us: Start saving early and utilize the power of compound interest to your advantage. The sooner you start saving even small … Continue reading Career Planning
Let me start by saying this: We only got 1 live. You might believe in reincarnation, but no matter what you believe or how you turn the story around: You always got to start from scratch. You are born and you end up under the earth or in an urn. The available time to make … Continue reading Take care of yourself
One of the main reasons why I decided to write this blog is to share my thoughts on what is happening in the world and especially on how we can make our limited time here count a little more. I know one thing for sure: Spending all your life working for other people will never … Continue reading The Rat Race
There are plenty of different ways to calculate your targets and goals. You can estimate total revenues, spendings, monthly targets, annual targets... but my favorite model at the moment is TTRM, which stands for: "The Time Replacement Model". The idea is pretty simple. If you are overall happy with your current lifestyle and earnings, the … Continue reading The Time Replacement Model (TTRM)
We have 2 rough weeks behind us and while personally, I am optimistic about the next week, there is no certainty yet that there will be a recovery. Fundamentals didn't really change much thus some people are very surprised to see what's happening. While many companies got indeed a little overvalued in the recent months, when the … Continue reading Time for Shopping
Last week was apparently the worst week for the stock market since the BREXIT announcement back in 2016. My portfolio took a hit with some of my favorite stocks crashing down. In particular, one of my REITs (Real Estate Investment Trust) crashed 12% while announcing a dividend cut. I don't have a large position in … Continue reading 2018 – Is it time for a crash?