This post is probably 12 months late. As we are in the middle of a global pandemic, people are losing jobs, lives. But even more are coming to realize that they miss something truly important: An emergency fund. I got to admit, I am also not a great role-model here. Over the last 5 years, … Continue reading About emergency funds
Today is the last day of the first week of December and it's about time to get serious about the plan for 2020. I have spent some sleepless nights on reviewing my personal budget for the next year, adjusting savings targets, expenses and thinking about upcoming opportunities. Health For 2020, I target a savings rate … Continue reading Planning the next year
...begins with a single step. There might be twists and turns, ups and downs, but once we start walking and frequently check our compass, step by step we get closer to the finishing line. Reaching the goal of financial independence requires a substantial amount of money in savings and investments. Getting there is not easy … Continue reading A journey of a thousand miles…
2019 has only a few more weeks to go and unfortunately, my budget is telling me that I am going to miss some of my personal financial goals and targets this year. Since I had a one month gap in between jobs (which was a goal for 2019 to have) and missed one salary payment, … Continue reading Missing Targets – 2019 Full-Year Forecast
One of the most common recommendations for solid financial planning is to have a personal budget in place. It can help you immensely to allocate your resources where they are needed the most, to analyze your expenses and to stay on top of your finances at all times. So it's not surprising to hear this … Continue reading You should have a personal budget, right?
Yes, you read right. The new year started but we don't do the resolution stuff. We start the year with serious targets. Today is the 6th of January, so the 1st week is almost gone. This means that we have roughly another 51 weeks to meet our own, ambitious but still realistic expectations on 2019. … Continue reading 2019 – Drop the resolutions!
Time is your single, most important asset. It's probably the only, completely undisputable truth that anyone can find and verify for himself in this world. Time is limited, and every minute, every second that is passed, won't return. It didn't take me long to recognize this, subconsciously, but it took me a while to truly … Continue reading Investing Time
We all have some guilty pleasures. The movie, that everyone hates, but that you secretly enjoy watching over and over. The song, that you would never admit to your friends to have it on your playlist, but that you just have to listen to every now and then. The fast-food burger, that everyone know is … Continue reading Guilty pleasures
The world is full of great, smart and amazing people, who have or had the gift to understand and connect some of the dots that happened in their lives, and to turn them into truly powerful statements. Some of these statements turned out to be true not only for them but also for others. Thus, … Continue reading What to do today?
It can't probably be repeated often enough so let me say it just once more: Being in control of your income and expenses is a crucial discipline that needs to be mastered in order to reach financial independence. Today, I would like to give some advice on the expenses side. Let me start by saying … Continue reading Conscious Spending Habits