October 2018 – Quiet Month and Stock Market Correction

Monthly

October 2018 was a really nice and quiet month. It was not very eventful but we had several family events. And overall, we had a lot of fun and we did not spend a lot of money. Isn’t that the definition of a great month?

Compared to the expensive month of September 2018, we are much better off financially this month. We still had a few expenses that I would have liked to remove. But we are getting closer to a good budget month after month. In the future, there are some expenses that need to be reduced and some expenses that need to be eliminated. We managed to save more than half of our income this month!

While the month was very quiet for us, the stock market was far from being quiet. We arrived into correction territory for most of the major indexes. And our investment portfolio is down a lot this month. Since our portfolio is not yet huge, our net worth is still up since what we invested is more than what we spent. But this will not last. In the next correction, we will probably be down a lot more.

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How to Open a VIAC Third Pillar in a Few Easy Steps

Investing, Retirement, Switzerland

I recently compared the different third pillars available in Switzerland. I quickly concluded that VIAC provides the best third pillars in Switzerland. VIAC third pillars are cheap and have an excellent global diversification. Moreover, you can have up to 97% of your portfolio invested in stocks.

Before, my only problem with VIAC was that they are mobile-only. But I need to go over this small problem and be smarter about it! And since PostFinance increased their fees, I decided to walk away from them earlier than I planned.

Now that I have chosen my new third pillar, it is time to do the transfer. For this, I first have to open an account at VIAC. Then, I have to transfer my existing third pillar money from PostFinance to VIAC. In this post, I am going to describe the steps necessary to open a VIAC third pillar. Then, I am also going to explain how to transfer an existing third pillar to VIAC.

As you will see, it is incredibly easy. If you think it is difficult to open a new third pillar and transfer your existing third pillar money on it, then I hope I will convince you that it is trivial! You should not delay changing a bad third pillar for a good one by the fear that it is difficult because it is not!

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8 Great Ways to Grow Your Career Income in 2021

Earn, Financial Independence

We already discussed whether you should spend less or grow your income. The answer was that ideally, you should do both to reach Financial Independence (FI) faster.

The best way to grow your income is to increase your career income. For this, you should work to improve your human capital.

There are several ways to grow your primary income. Some of them are easier than others. And some of them are best applied to some fields but may not work in some areas. Unfortunately, there are no simple get-rich-quick ways to increase your income. It will take time and commitment. But if you are committed to increasing your income, you will get a better salary.

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5 Money Lessons from South Park #1

Earn, Investing, Save

Have you ever wondered if you could learn money lessons from animated sitcoms? If you have, this post is for you! Today, we are going to learn money lessons from five South Park episodes!

This post is going to be very different from my usual posts. We are going to learn money lessons from animated sitcoms. I do not know you about you. But I really like American animated sitcoms.

I watched several of them in their entirety. I cannot count the times I laughed uncontrollably at some of their episodes. Yes, they are incredibly dumb. It is the point. But that is what makes them incredibly funny! I like dumb things!

I have watched the entire collection of South Park, Family Guy, The Simpsons, American Dad, and Rick And Morty. And I have watched many episodes many times. I even know some of them almost by heart.

So let’s see if we can learn something from these dumb episodes. The lessons learned can be about investing, personal finance or anything money-related.

This post will be about South Park. For this, I chose five episodes who can teach us something about money. Later, I am going to try to make several of these posts. I already have several ideas for the next episodes.

The pictures in this post are the property of Comedy Central.

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7 Great Frugal Tips to Keep Your Food Budget Small

Save

Many people spend too much money on their food budget. And even worse, they do not realize that they can spend much less on their food budget!

Our food budget is something that we have optimized very well. We keep our food budget, for two people, below 400 CHF per month, on average.

For Switzerland, it is a very good food budget. And several months we are quite lower than this. It is the months we are inviting many people to our place that are increasing the average.

To reach this low food budget, we are doing several things. And by following these simple tips, you can also keep your food budget low!

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Adopting the Minimalist Lifestyle Book Review

Financial Independence, Save

I was thinking of buying a small book on minimalism recently. But actually, I bought a pack of several books about minimalism. To be honest, I was thinking I was buying a single book but ended up with a pack. Oh well. The first book  I have read is Adopting the Minimalist Lifestyle by Ariel Horowitz.

It is a really tiny book. I thought the entire set of books was small already, but each book is tiny. It is a minimalist book about minimalism! I have been able to find it for very cheap on Kindle once again. It is difficult to find this kind of book in my used book shop. But if you are patient, it is relatively easy to find them for cheap on Amazon.

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Migros Bank Review – Best Traditional Bank in Switzerland

Save, Switzerland

For several years, I have been using Migros Bank as my main bank account. They are offering good service at excellent prices. And in the days of expensive bank accounts in Switzerland, it is important to look at these fees.

In this article, I want to review the bank account offering of Migros Bank in detail. We will see all their prices and how it compares against other Swiss banks.

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One Year Blog Anniversary! Lessons and Next Steps

Blogging

I cannot believe it has already been one year since I started blogging. On October 10th 2017, I wrote the first blog post of The Poor Swiss. I have learned a lot of about personal finance in that year. And I have also learned a lot about blogging. Even though this was not my first blog, I still had a lot to learn. And I still have a lot more to learn now!

In this post, I am going to talk about my first year of blogging. If I say this year, it will the year of blogging, it will not be 2018 ;)

Recently, I have talked about the reasons why I am blogging. Now, I am going to share numbers about how the blog is doing. I am also going to share the things I did right and the things that did not go well. However, I still have a lot of work to do to improve this blog. I am hoping that it gets better over time.

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How I Made $2’000’000 on the Stock Market – Book Review

Investing

No, I did not make two million dollars in the stock market. But I just read a book about a man who did! I finished reading How I made $2,000,000 in the stock market.

This book tells the story of Nicolas Darvas, who made two million dollars in the stock market in less than two years. Nicolas Darvas is not a professional investor, but a dancer. He is touring around the world, going from one show to another. The book tells his story from his beginnings with many mistakes to the successful. I thought it was a very interesting story. You can learn many things from his mistakes and his successes. Even though the book is quite old, I think it is still mostly relevant to today. You

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7 Best Blogs on FIRE

Financial Independence

This post is not about my blog but other blogs! As I mentioned several times in the past, I am reading many other personal finance blogs. Some blogs are purely about investing, and some blogs are entirely about Early Retirement. However, all of them contain some valuable lessons if you are on the road to Financial Independence (FI). Some of them helped make the Financial Independence and Retire Early (FIRE) movement as popular as it now. I think it is also important to share with the community and not only focus on a single blog.

There are several reasons why I read other blogs. The first reason is to learn from others. Indeed, I am far from being an expert in FIRE. I like reading what people are doing to achieve FIRE and especially what people who already achieved FIRE can teach me. Also, I love reading in general, and some of these blogs have really enjoyable content. Another reason is to get some inspiration for my blog. I am not talking about copying their blog posts. But I am talking about making my blog by learning from others.

The seven following FIRE blogs are in no order. I do not have a favorite in these seven blogs. They all are my favorite blogs. I also read many other blogs. But the entire list would be too long to publish here. I strongly encourage you to take a look at them if you are not already reading them!

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