The Poor Swiss just turned two years old! I cannot believe it has already been two years since I started this blog!
I have learned a lot of things this second year of blogging. And even though not everything went well, I think the blog is much better than it was one year ago.
I am going to do a retrospective on this second year of blogging. I want to talk about the numbers of the blog. But I also want to talk about what went well and what did not!
There are some things that went really well this year. For instance, I am still having a blast at writing articles. And I was able to write more than I thought. On the other hand, some of the articles I wrote did not get as much attention as I would have liked.
Overall, I am happy with how this second year turned up. Hopefully, this blog will live yet another year!
Continue reading “Second year of blogging – The Poor Swiss is two years old in 2019!”
To become more successful with our money, we can copy what financially successful people are doing! We should see the most important money habits and traits that they have. Once we know that, we can imitate them and improve our finances.
I am going to talk about the most essential habits of successful people. I am not only talking about rich people here. But I am talking about people that are smart with money, and that can reach their goals. This could be people that can retire early. Or that can be people that accumulate ten million dollars.
There are many ways to be successful with money. And we can learn from all kinds of people.
So, let’s see what are the eight most important good habits you can learn to improve your finances!
Continue reading “8 Good Habits of Financially Successful People”
It is time for another installment in the money lessons from animated sitcoms! It has been too long since I did one of these!
So today, we are going to find out about five more money lessons from Family Guy. Out of the three posts I did so far in the series, the one about Family Guy was the best received. So I figured I better start with this one for a second part!
If you do not know this show, it is an American animated sitcom from Seth Mac Farlane. The series follows the adventures of the Griffin Family. Contrary to some other series, it does not have a focus on one character or even one story. There are generally several stories in each episode. And often, the main one is not the funniest.
In the Griffin family, there is Peter and Lois Griffin, the parents. They have three children, Meg, Chris and Stewie, the baby. And they have a dog, Brian.
For more context, nobody likes Meg, the baby is a Genius, and the dog can talk! And both Peter and Chris are pretty dumb! Oh, and the baby wants to kill his mom. It is a hilarious show!
In this post, we are going to talk about five episodes from the show with some focus on money. The idea of the series is to see if we can learn some things about money from animated TV sitcoms.
The pictures in this post are the property of Fox.
Continue reading “5 More Money Lessons from Family Guy #2”
September 2019 was not a very special month for us. The only thing of mention was that I spent about ten days in the United States for work. Aside from this, it was a quiet and good month. We saw our friends and families several times. So it was a good month!
However, our finances were not quiet at all! We had to pay big dentist bills. I also started the gym again. It seems like it was the wrong time to do that. And we spent some money on vacation next month. It also seems like it was not the best time to do that.
We still managed to save a nice portion of our income. But since my salary is now higher, we should definitely have saved more than that!
So, let’s see everything that happened to us and our finances during this month.
Continue reading “September 2019 – Holidays and Dentist bills”
If you have followed financial news recently, I am sure you came across talk about the future recession! Everybody thinks that it is soon upon us!
But do you even know what a recession is? And what does it have to do with the stock market?
Today, I want to go into details as to what is a recession, what causes one and what are its consequences. I believe it is essential to know these things if you want to be prepared.
Once you know what is likely to happen during the next recession, there are many things you can do to prepare yourself better. We are going to go over several things you could do for that!
Continue reading “How to protect yourself from a recession – All you must know”
Today’s post is a guest post by Andrew Rombach, a Content Associate at LendEDU – a website that helps consumers, small business owners, real estate owners, and more with their finances. I am happy to have him as a guest poster today.
Switzerland has a lot in common financially with other countries, especially when it comes to consumer debt. Swiss residents deal with three “popular” debts that many consumers face across the globe. What kind of debt? — as if you even needed to ask!
Mortgages, credit cards, and car loans are often on everyone’s minds, but Swiss consumers may find they’re dealing with higher debt levels in those categories compared to other countries. In fact, households in Switzerland were recently found to have the highest consumer debt levels in the world. To put it in perspective, Swiss households have a higher debt to GDP levels than the U.S. did at the height of its housing bubble.
At any rate, dealing with debt is a natural part of being a consumer. It doesn’t hurt to know a few tips and tricks for paying down your credit cards or mortgage. If anything, making decent headway can reduce stress and open up room in your budget. Here are a few ways to pay off credit cards, mortgages, and/or car loans.
Continue reading “How to Tackle and Pay Off Various Forms of Debt”
Would you like to know exactly which withdrawal rate is safe and will sustain your lifestyle for a very long time? You will find the answer in this post with updated results from the Trinity Study!
I have recently talked in details about The Trinity Study. This study researched different withdrawal rates for retirement. Although the original research was not about early retirement, it is referred a lot in the Financial Independence and Retire Early (FIRE) movement!
However, for me, there are two caveats with the original study. First, they are only covering the period until 1995. And then, they are not covering more than thirty years of retirement. Thirty years is not enough for some people wanting to retire early.
Therefore, I decided to reproduce all the results of the original study. I used much more recent data from 1871 to 2018. I have also considered periods as long as 50 years.
In this post, you will find how I did it, and all the results I have been able to gather from this data!
Continue reading “Updated Trinity Study Results for 2019 – More Withdrawal Rates!”
The health insurance system in Switzerland is complicated. And since it is mandatory to have health insurance, it is imperative to understand it correctly.
These last few years, health insurance has become very expensive. But many people are paying much more than they ought to. You need to know that there are a few things we can do to pay less!
In this post, I am going to cover the details of the health insurance system in Switzerland. I am going to cover mostly the base health insurance in great details. You must choose wisely, and there are many options. I am also going to cover supplemental health insurance, but it is too varied to be covered in details.
So, let’s get into Health Insurance!
Continue reading “All you need to know about Health Insurance in Switzerland”
Everybody will agree with me that paying 1.5% of fees, or even more, on each transaction abroad really sucks! That is not something you want to think about when you are on vacation or shopping online in other countries. Thanks to N26, this should never be necessary anymore!
N26 is a digital bank offering transfers in other currencies for free! Not only that. But the entire bank account is free! And they are a bank! Your money is insured according to European laws. You can even withdraw money for free several times a month! That sounds great, right?
In this post, I am going to cover everything you need to know about N26. And since I have already talked about Revolut on this blog, I will compare both services which are similar but not equivalent!
Stay tuned to find out how to save money on foreign exchange fees!
Continue reading “N26 is available in Switzerland – Save on Foreign Currency Fees”
I have recently talked about the best Swiss banks. I think that Neon is the best Mobile Swiss bank there is!
They have very low fees. And they have an excellent mobile application, with all the features you really need. And everything is available in English. This makes it a perfect fit for most people. I think it is the best fit for my audience.
So today, I want to walk you through creating an account with Neon. I will go through all the steps of the account creation with screenshots and explanation. It is a straightforward process that should not take you more than 10 to 15 minutes.
After this, we are going to see the main features of the mobile application.
If you have questions about Neon, please let me know in the comments below. I will be glad to answer all I can!
Continue reading “How to create a Neon account and use the mobile application”