A personal budget is a decent amount of work. A minimal budget aims to reduce the effort to produce a budget planning document. What is a minimal budget? The minimal budget is the budget with the least effort. It is for people who have simple finances and who do not struggle with making ends meet …
Personal Budget – The most minimal budget (with template) Read More »
You have come here to learn more about a personal budget. There are questions on your mind, such as “Should I create and keep a budget for my finances?”, “Why do I always feel overwhelmed, when it comes to paying the bills?”, “Why can’t I make the money last until the end of the month?” …
Personal Budget – The ultimate guide through your finances Read More »
Creating a budget is an important step on the road to financial independence. A budget is a plan of your income and your expenses. You create a budget typically for a 1 year period. You don’t need to start in January, you can start right now. I’ll help you in this article to collect all …
In the current “financial independence retire early (FIRE)” movement, many people discuss only the ability to retire early. It seems to be the only benefit to leave your 9-5 job behind. However, when you are at the beginning of your journey to financial independence this goal seems so far away. It is discouraging to even …
What does financial independence mean to you personally? Read More »
In “Four steps to financial independence” I have demonstrated why investing is a crucial part of building wealth. However, investing involves risks that can jeopardize the return on investment and even the principal of the money invested. The higher the risk, the is higher is the expected return. Smart strategies can maximize the long-term growth …
The smart investment portfolio for long-term growth Read More »
In the Victorian age, wealth was inherited and living expenses were adjusted to the returns that the wealth produced. Accumulating wealth was largely political through carrying favors with the king who had the power to grant titles and land that produced the return. Further of importance was building relations through marriage and diplomatic efforts. In …
Personally, I want to live a life of financial independence, with the ability to make changes without fear of the financial consequences. Two out of three American’s live paycheck to paycheck. It would be “Somewhat difficult” or “Very difficult” to meet current financial obligations if their next paycheck were delayed for a week, according to …
4 Powerful Steps on the Road to Financial Independence Read More »
Building wealth requires investments into the business, mostly other people’s businesses. Contrary to many investment experts’ advice you don’t need to become an expert in asset allocation, portfolio balancing, or stock picking to build wealth. The true meaning of investment Investing money means you take your savings and buy something that appreciates and or is …
You must be living under a rock if you have not been affected by SARS-CoV-2 and the severe disease that has cost millions of people their lives. The disease COVID-19, caused by the virus, has gripped the world and changed the lives of billions of people. The novel Coronavirus SARS-CoV-2 has infected 100s of millions …
What the COVID-19 pandemic can teach you about investing Read More »
