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.
Continue reading “Think and Grow Rich – Book Review”
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 ;)
Continue reading “August 2018 – Wedding and honeymoon”
You have probably heard a lot about Financial Independence. A lot of things on this blog are about my path to Financial Independence (FI). But why would you 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 people 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.
Continue reading “7 Powerful Reasons to Become Financially Independent”
We have talked about many things now in the Investing Guide for Beginners 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.
A Target Retirement Fund is like an automated portfolio in itself. It is a fund of funds with some allocation to bonds. And the allocation to bonds is changing over time as the time of retirement is approaching.
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.
Continue reading “Target Retirement Funds – Too Much Simplicity?”
No country is perfect. I am sure you can relate to that with your own country. It is the same for me and Switzerland. While I really like Switzerland and I plan, and hope, to spend all my life here, there are some things I really do not like about it. In this post, I am going to discuss the five things I hate about Switzerland.
I am not about to leave Switzerland and I hope I will never have to. I also wrote about the things I love about Switzerland! There are more things I like than things I hate. But I think it is important to realize that no country is perfect. Some things should definitely be improved in Switzerland.
Of course, these things will probably be different from one person to another. I know that there are some things on the list that some people like. Please tell me what you do not like about Switzerland in the comment!
Continue reading “5 Bad Things I Hate about Switzerland”
In our Investing Guide For Beginners series, we already talked about mutual funds. Instead of investing in single stocks, you can invest in many stocks at once. Mutual Funds are a great tool for investment. We are especially interested in passive funds with very low fees, thanks to index investing! Unfortunately, mutual funds are not accessible to everyone. This is where Exchange Traded Funds (ETFs) come into play!
The problem with mutual funds is their availability. They are provided by banks and fund providers such as Vanguard. If you are lucky, you have access to Vanguard via your bank. Or you can directly invest in Vanguard funds. That means you can directly invest in their low fees mutual funds. There are others like Vanguard, but they are the most famous!
If you are not lucky, for instance, if you live in Switzerland, you do not have any easy access to good mutual funds. I can bet that your Swiss bank does not offer cheap passive funds. They will probably offer you expensive active funds. At least mine does not! This is where Exchange Traded Funds (ETFs) are being a very good investment tool!
In this post, we are going to learn all about Exchange Traded Funds!
Continue reading “Exchange Traded Funds – ETFs”
At the beginning of this month, I started my new job. For the sake of anonymity, let’s say I am working for Pied Piper. I hope there are some Silicon Valley fans in my readers ;) Since I am just starting working at this company, I do not want to disclose it on this blog. And since I am still anonymous, I am going to try to stay like this.
This is going to be a shorter post than usual. In this post, I will describe all the financial aspects of my new job. I am really happy about my new job. Working at Pied Piper is an incredible opportunity. In my field, this is a great company. And in the region where I live, they offer really good conditions. This will help me a lot in my path towards Financial Independence (FI). As you will see, there are many advantages when working at Pied Piper.
Continue reading “My New Job at Pied Piper – Opportunity and Benefits”
Investing is something that not enough people do. This is something that I actually started to do too late myself. For some people, it can be intimidating to start investing. Therefore, I decided to write a series of posts on Investing. This series of post is meant to be an Investing Guide For Beginners.
This is the first post I am going to write about Investing. I am going to try to cover as much as possible on the different forms of investing. In this first post of the series, we are going to see what is investing in a broad sense.
In this guide for beginners, I will try to cover the basics, the stocks, the funds, Exchange Traded Funds (ETFs) and so on! Hopefully, it will be interesting for some of you and it will motivate some people to start investing. If you want this series to be available as an ebook, let me know and I will see what I can do.
I am no financial advisor. I am not nearly an expert investor. This post is just what I learned about investing from my experience and from research.
Continue reading “The basics of investing – Why and How to invest?”
I think a lot of people will agree that having lots of paper documents at home is a hassle. Who would not want to get rid of all this for a better solution? In 2017, I decided to become paperless with my administrative documents. It was a long work. But now I am finally done. All my documents are available as electronic documents now. I have been able to throw away five big document binders.
I have used my phone as a scanner and uploaded all my documents to the cloud. Now my documents are accessible from anywhere. And they are safely stored in the cloud. Find out how I became paperless for free in this post.
Continue reading “Why and How to become paperless in 2019?”
We can all agree that having a clearly defined strategy is very good for your investing and your personal finances. It is very important to have goals and a long-term vision.
An Investor Policy Statement (IPS) is a tool helping you do just that. It is a way of writing down why and how you are investing. Your IPS helps you have a clear view of why you are investing and how you should invest to attain your goals.
It has been a long time now since I wanted to write my Investor Policy Statement (IPS). I just took some time over the last week to write it down completely. It took me about two hours. It was a really good exercise for me.
In this post, I am going to give you my own IPS and explain exactly the goals of an IPS. Each IPS will be different because each investor is different. You can follow my own example in order to start your own. But you still need to think about each point and adapt it for your own needs.
Stay tuned to learn about my Investor Policy Statement!
Continue reading “My Investor Policy Statement – You Need One Too!”