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What Would You Do If You Got Given one Million dollars?

Today, I will go through a simple thought experiment: What would I do if I were given one million dollars. I am thinking of several things I could with one million dollars. I am currently at the beginning of my journey towards Financial Independence. One million is more than eight times my current net worth. So this could mean a lot of different things for me!

Now, I did not invent this thought experiment at all. It was introduced by the Saving Ninja. Actually, I did not discover it on the Saving Ninja blog. I discovered it by reading about this experiment on Retire In Progress blog.

You can find many answers from other bloggers in the original post. I thought it was interesting. So I decided to try it and report my thoughts on the blog.

The original thought experiment, proposed by The Saving Ninja, was in British Sterling Pounds. And Mr. RIP did it in Euros. In this article, I will talk about a million Swiss Francs (CHF). But, this is currently the same as a million U.S. Dollars. So, it is the same thought experiment as getting one million USD.

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Not All Assets are Created Equal – Introducing the FI Net Worth

Your net worth is a very important number. It represents the value of what you own. We have already seen how to calculate your net worth. Your net worth is especially important if you want to become financially independent. You will need to accumulate a significant net worth to cover your expenses.

However, something we have not discussed in detail is the difference between the different parts of your net worth. In this article, we will discuss that exactly. You will see that not every part of your net worth is equal. Some parts of your net worth should be treated differently.

If you want to become financially independent, you cannot consider all the parts of your net worth equal. Some parts of your net worth will not help you reach Financial Independence (FI)! And some assets will not evolve in the same way over the years. If you are serious about reaching FI, it is essential to know your net worth.

To improve, you can use two different net worths. Your regular net worth as you know it and your FI net worth will help you towards Financial Independence. So let’s see where all the different assets fit in the grand scheme of net worth!

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A Weekend in Brussels, Belgium – Beautiful Monuments and Good Beer

Last weekend, we went to Brussels, in Belgium to visit one of my family members that has been living there for a few years. I had not seen him since last Christmas, so it was quite cool to meet him again. We always had a very good relationship.

Brussels is the capital of the country of Belgium. We had quite a good time in Brussels. It is a really nice city with some very nice monuments. There are also many nice wall paintings. And Belgium is also famous for its beers. You can find many pubs and bars in Brussels where you can drink quite good beers.

The weather was not great during the weekend. Nevertheless, we had a really good time in Brussels! I did not manage to take really good pictures, sorry about that.

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November 2018 – Brussels and too much shopping!

Once again, it is time for a new monthly update from us! This month has passed incredibly fast. I do not know what happened. But I feel that the month was twice faster as other previous months!

There were not many big events this month. But a lot of small events. We went several times to restaurants. We spent a weekend in Brussels, Belgium. And we also had many events with our friends and family. And we went to two concerts. All these small events and some shopping by Mrs. The Poor Swiss made this month more expensive than usual. We managed to save about 45% of our income this month. Although it is not really bad, it is not as much as last month and not as much as I was expecting.

The stock market continued to be very volatile this month. After last month big loss, the market started going up for the first week of the month. But then, it went down again to reach a new low for the month.

In this article, I describe all that happened for us, especially our finances, in November 2018.

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How To Save Money with a Vegetable Garden

20218 was our first year with a vegetable garden. There were several goals in growing our vegetable garden. The first was because we wanted to have fresh vegetables. The second was that we like gardening. And finally, we also wanted to see if it was possible to make a profit with a garden.

Since it is now the end of the gardening season, I will summarize the results of our garden. It is empty right now since we only have a few winter vegetables. During this season, we kept a precise list of what we got out of our garden. And we, of course, also kept the list of our expenses. With this, we should be able to know if our garden was profitable or not!

Regardless of its profitability, it was a great experience for us. It is so good to enjoy healthy and home-grown vegetables in our dishes! In this article, we show what we got from our vegetable garden. I will also share what we learned and the mistakes we did for our garden.

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Who Is John Bogle? Founder of Vanguard

A few months ago, I talked about Warren Buffet, an incredible investor. Today, I talk about another great man of finance, John C. Bogle, also called Jack. John Bogle is especially famous for being the founder of Vanguard. Vanguard is probably one of the best-known mutual fund companies. I have recently talked about several things that make Vanguard unique. It is a great company. Its greatness is mostly due to the way John Bogle founded Vanguard.

Not only did he create the first index fund. But he also advocates for very cheap fees on mutual funds. He did a lot of good for investors like us! Without him, we would have to pay much more fees for our investment portfolio. He has a lot to teach us in terms of investing philosophy.

In this article, I talk about the history of John Bogle and the Vanguard company. I also talk about his investing philosophy and the man he is. He led an exciting life.

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The 6 Kinds of FIRE: Which One Are You?

The Financial Independence and Retire Early (FIRE) movement is not very old. But lately, it has started to get more and more traction. There are many blogs on the subject, and we are beginning to see several articles in the media about the FIRE movement.

With many different people starting to follow the movement, there are several sub-movements with varying kinds of FIRE. You probably have heard of the FIRE way. But have you heard of Lean FIRE or Fat FIRE?

It is interesting to see what are all these different FIRE ways. All these acronyms are ambiguous and can make matters a bit complicated. It is not extremely important to know what kind of FIRE you are. But it is an exciting thought!

By the end of this article, you will know what kind of FIRE you are! Or maybe you will define a new kind of FIRE! And that is perfectly fine. Each way to FIRE has its differences.

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What Makes Vanguard Unique?

If you read personal finance blogs, you will see that most of them are advocating investing in Vanguard Index Funds. On this blog, I also recommend using their index funds in most cases. I have more than 75% of my portfolio invested in Vanguard funds. And I plan to continue investing most of my money into their funds.

There are many different mutual fund companies. You probably have heard about Fidelity, BlackRock, or T. Rowe. And there are others. But most people are talking about Vanguard. So what makes Vanguard so unique? Why is everybody recommending you invest in Vanguard index funds?

I believe they are the best mutual fund company currently. Many reasons make them so great. In this article, we cover the main points that make Vanguard unique.

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How Millennials Can Get Rich Slowly Book Review

I just finished reading another tiny book. I read If You Can: How Millennials Can Get Rich Slowly, by William J. Bernstein, on my Kindle. This book is a quite recent book from 2014. It is a simple book about how you can get rich slowly. It is specially tailored for millennials. The book is organized around five different hurdles to reach the goal of getting rich. I was lucky enough to find it for cheap on Kindle.

There is something fundamental in this book. The author insists on the fact that you can only get rich if you want to go there. You need to do the job. There is no get-rich scheme where you have nothing to do. You need to save money and invest it. If you are not willing to save more money, nobody will do it for you!

Even if this book is titled for millennials, everybody can profit from it. In this post, we are going to see what this book has to offer you.

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5 Great Ways to Reach Financial Independence

We have seen that there are many reasons to want to reach Financial Independence (FI). Once you reach FI, you can do what you want without having to worry about money. It is awesome! You only keep working if you wish to work. This state is something most people would want to achieve. For me, my ultimate goal is to reach FI.

There are several ways to achieve Financial Independence. Indeed, there is not a single path to go from where you are now to the point where you are financially independent. Of course, there are some similarities between some of these ways. But they are different enough. Most of the time, you will need to follow several of these ways to reach Financial Independence earlier.

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