Today is the 12th of May, which means that today is the last day of the 19th week of this year. This, in turn, means that we have only 33 weeks left until it's New Year's Eve again. Time is short. I have fulfilled one of my targets for 2019 and took a break in-between … Continue reading Thinking about inflation
I have been on vacations for the last four weeks. While the first week was still pretty stressful due to a few family and work matters, the second week was already very relaxing. I spent some time at our inherited house in the north-east of Thailand. A peaceful and quiet place. Extremely low living costs, … Continue reading Getting some perspective
I strongly believe that the majority of people who don't invest their money, most probably also don't understand our economic and monetary system. There is otherwise no other valid explanation or reason, why any sane person earning enough to build up savings would not routinely and diligently contribute at least a small part of their … Continue reading Why everybody should invest
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!
Retiring Early and being financially independent may be a dream for many. But before you put too much romance into that thought, let me tell you something: It becomes a dream once it happens. But before that, it can get really tough. Savings target My plan is to retire with 45. That's 6,5 years from … Continue reading What FIRE really means
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
Following up on my last post, I would like to write today about fear. Just as a reminder, in my last post I introduced 3 important topics, that are necessary to understand and successfully turn towards an investor mindset. These 3 points are the following: Understanding and accepting the principles of the so-called “financial triangle” … Continue reading Overcoming the emotion of fear