Grow your income or spend less to reach FI ?

Categories Financial Independence, Frugality, Investing, Side Hustle14 Comments on Grow your income or spend less to reach FI ?

When you are trying to reach Financial Independence (FI), the best way to do it is to increase your savings rate. Your savings rate is the amount of your net income that you are able to save. For this, you have two options. You can either spend less or grow your income. These two options will directly increase your savings rate. And as result, they will speed up your road to Financial Independence and make you reach FI faster.

So which should you focus on if you want to reach Financial Independence ? There are some advantages and disadvantages to each of them. They do not accelerate your path to FI at the same rate. Find out what you should do to become financially independent.

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7 blogs on FIRE I really like

Categories Blogging, Financial Independence12 Comments on 7 blogs on FIRE I really like

This post is not about my blog but about 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 important 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 like 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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9 Reasons to live in a small countryside village

Categories Financial Independence, Frugality, Switzerland7 Comments on 9 Reasons to live in a small countryside village

I have lived in a small village all my life. Actually, I have lived all my life inside the same village. And I do not really want to change this. A lot of people find this very surprising. Today, we are going to discuss why anyone would want to live in a small country village.

For me, there are too many advantages of living in the countryside and especially in a small villages. Of course, there are also disadvantages and some people may not like it. But for me, it is great :) In this post, we are going to focus on the main reasons why I love living in our small village.

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What’s an opportunity fund ? Be ready for a bear market

Categories Financial Independence, Investing8 Comments on What’s an opportunity fund ? Be ready for a bear market

I have already talked about the emergency fund before. Today, we are going to cover a different kind of fund: the opportunity fund. It is not as well-known as the emergency fund. And it is not nearly as used at the emergency fund either. However, I think it is important to know what it is.

As its name indicates, this is a fund that contains money waiting for an opportunity. The idea is to get ready for investing opportunities. The best opportunity in the stock market being a full-blown bear market. In this post, we are going to see exactly what purpose this kind of fund serves. And also I am going to discuss its downsides.

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How do we get around ?

Categories Budget, Financial Independence, Frugality, TravelLeave a comment on How do we get around ?

One thing I did not cover yet on this blog is how do we get around. You may be surprised to hear that we mostly use a car. If you follow several personal finance blogs, you may have heard that cars are almost evil. Most people will actually advocate you to ride a bike or take public transportation.

However, I do not think cars are evil. I do not really like driving, but I like the freedom that a car gives me. Moreover, where I live, it is almost mandatory to own a car. We use it to get around almost everywhere.

In this post, we are going to see how we get around with our car and how we are traveling abroad. I am also going to detail the cost related to my car. I am not going to advocate you to have a car. The choice is for everyone to do. I can totally understand people who do not want to drive. If you live in a city, for example, it is not as useful. But cars are not evil! You can become financially independent with a car ;)

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Think and Grow Rich – Book Review

Categories Financial Independence, Investing2 Comments on Think and Grow Rich – Book Review

nIt has been a while since I have done a book review on that blog. In fact, it has been a long time since I have read a personal finance book or an investing book. But two weeks ago I saw that Think and Grow Rich, from Napoleon Hill, was at only 0.58$ on Amazon for Kindle. You can read my tips about finding cheap Kindle ebooks. I often saw it mentioned in best of lists on several blogs. So I thought it was a good bargain. So I bought it and read it and here is my review :)

This book is about self-improvement and personal development. It is a very old book. It was written in 1937 by Napoleon Hill. Interestingly, it was written just after the great depression. It is based on the secret recipe for success by Andrew Carnegie. All this book is based on explaining this secret recipe through a series of steps.

As you will discover, Think and Grow Rich is a very special book. It is very different from most of the books I usually read. It can teach you a lot of things, but you may have to figure out many things yourself.

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August 2018 – Wedding and honeymoon

Categories Financial Independence, Monthly, Side Hustle5 Comments on August 2018 – Wedding and honeymoon

From a personal point of view, August 2018 was a great month. We had our wedding ceremony with friends and family. Also, we went on honeymoon in Egypt. We really had a great time. We rested, swam, snorkeled and had a lot of fun. This was an awesome honeymoon :)

However, from a finance point of view, August 2018 was not a very good month. We spent a lot for our wedding and I had to take days off without pay. This means a very small savings rate. Fortunately, there was some extra income from the wedding and from the Swiss army. This helped us not being in negative this month. But at least, there was some savings ;)

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7 Reasons to want to be financially independent

Categories Financial Independence, Frugality6 Comments on 7 Reasons to want to be financially independent

A lot of this blog is about my path to Financial Independence (FI). But why would I want to be financially independent ? There are many reasons for wanting to be financially independent. And as you will see, retiring may not be the biggest reason.

In this post, I am going to list the main reasons I want to be Financially Independent. Of course, the reasons may not be the same for everybody. Some reasons will talk to you more than others. It is fine. Not everybody has the same motivations in trying to reach FI. And not even everybody wants to reach FI ;)

You may have some reasons to reach FI that I did not even think about! Please let me know in the comments if that is the case! I would like to know why you want to be Financially Independent.

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Emergency Fund – Do you really need one ?

Categories Budget, Financial Independence, Frugality, Investing4 Comments on Emergency Fund – Do you really need one ?

If you are interested in personal finance, you should probably have come across the term Emergency Fund. An emergency fund is simply some money, available directly, that you can use in case of emergency. Most people will advise you to get an emergency fund. And they will insist heavily on this subject.

It is an interesting subject since not everybody agrees on it. Some people have an emergency fund that can cover one year of expenses. And some people think you do not need one. Personally, I do not think an emergency fund is a bad thing. But you should be aware of its cost. It also has disadvantages. And you may not need an emergency fund as big as some people tell you. I think that too much people put too much emphasis on the emergency fund. In this post, we are going to see both sides of the story. We are going to see in details what an emergency fund is.

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Target Retirement Funds – Too much simplicity ?

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This post is part 9 in the series Investing – All about investing.

We have talked about many things now in the Investing series. We have covered index funds in details. Finally, we have covered several portfolios such as the Three-Fund portfolio and its variants and a few other lazy portfolios. But there is something we have not covered yet. It is the Target Retirement Funds.

Many people are investing for retirement. They may know for instance that they want to retire in 20 years. Given that and their age, it is likely that their allocation to bonds will increase over the years until retirement. Most people will do that by changing their allocation every few years. Either by rebalancing or by injection of new capital. But there is another way. Target Retirement Funds will automatically change their bond allocation over time.

In this post, I am going to cover Target Retirement Funds. We are going to see what is good with them and what is not.

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