5 Great Ways to Reach Financial Independence

In Earn, Financial Independence, Investing, Save

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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Quickly Learn Chinese Online with FluentU

In Earn

Chinese is the language with the most native speakers in the world. It is becoming more and more interesting to learn Chinese. However, it is a difficult language to learn.

Since I have met Mrs. The Poor Swiss, my Chinese wife, I have tried to learn some Chinese. For now, it is pretty laughable. But I think I am making progress. Between Mrs. The Poor Swiss arrival in Switzerland and our wedding, I was not very astute to this. However, since September, I have decided to start again harder. I am now practicing every day for at least twenty minutes.

At first, I was thinking to enroll in a real course with a teacher. I checked the courses offered in my region. But I did not find some good options at a fair price. Most were either too expensive or too far away. I tried to enroll in a Migros course. But the course was canceled for lack of students and I did not want to wait several more months for the next course to start.

So I started looking at online solutions. Online solutions have the immense advantage that you can learn how long you want and at the time you want. There are many solutions that can be used for this. I have compared several of them and tried a few as well. In the end, I decided to go with FluentU. I am greatly satisfied with their offer. In this post, I am going to explain how I am using FluentU to learn Mandarin. Since they have several languages, you can also use it, in the same way, to learn German for instance.

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8 Great Ways to Grow Your Career Income in 2021

In 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. Let’s focus on growing your career income. There are other ways to increase your overall income, such as side hustles or real estate investment.

But I am not going to cover them in this post. I am also not going to talk about starting your own company. I will only cover growing your primary career income in this post.

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5 Money Lessons from South Park #1

In 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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5 Simple Ways to Invest in Real Estate in 2021

In Earn, Investing

These days, more and more people are investing in Real Estate. Many people believe that the returns on real estate are higher than on the stock market. We are not going to discuss whether it is true or not. But Real Estate offers some nice diversification to your portfolio.

You may not know it. But there are many ways to invest in real estate. Each of these ways has advantages and disadvantages. If you want to invest in real estate, it is essential to know about these ways before making a choice and investing in one of them, or investing in several of them.

I am not invested in the real estate market. I have a small position through my World ETF that has some real estate funds. But I may invest more in the future. For now, I need more stocks in my portfolio, but once I have got enough, I may shift a bit of my portfolio into real estate.

Let’s now see the different ways to invest in real estate. There are quite diverse. Each person wanting to invest in real estate should find a way that is adapted.

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Dividends – Develop Passive Income

In Earn, Investing

In our Investing series, there is something we did not yet cover in detail: Dividends. A lot of companies in the stock market are paying dividends to their stockholders. That means that if you own a share of Coca-Cola, you will receive some cash four times a year, every quarter.

Receiving dividends is an excellent way of accumulating cash since it does not require you to do anything. It is an entirely passive income. It is probably the only truly passive income there is. You still need to buy the shares, of course. But once it is done, you will get the money.

are many important things to know about these dividends, and we are going to cover them all in this post. If like me, you are investing the entire market, you will get some dividends automatically!

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Rich Dad Poor Dad – Learn how to get rich

In Earn, Investing

The most recent finance book I have read is “Rich Dad Poor Dad” by Robert T. Kiyosaki. This is my short review of the book. This book is very different from the others, in several ways. Generally, the personal finance community does not rate this book very high. In this post, I will give you my point of view about this book and tell you what it is all about.

As you will see, my point of view in this book is a bit varied. Some things are really good. But some things are really bad about this book. Let’s directly see what I am talking about.

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