One thing I didn’t 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 don’t think cars are evil. I don’t really like driving, but I like the freedom that the car give me. Moreover, where I live, it’s 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’m also going to detail the cost related to my car. I’m not going to advocate you to have a car. The choice is for every one to do. I can totally understand people who don’t want to drive. If you live in a city for example, it’s not as useful. But cars are not evil! You can become financially independent with a car ;)
Continue reading “How do we get around ?”
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 army. This helped us not being in negative this month. But at least, there was some savings ;)
Continue reading “August 2018 – Wedding and honeymoon”
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.
In this post, I’m going to list the main reasons I want to be financially independent. The reasons may not be the same for everybody. Some reasons will talk to you more than others. It’s fine. Not everybody has the same motivations in trying to reach FI. And not even everybody wants to reach FI ;)
Continue reading “7 Reasons to want to be financially independent”
If you are interested about 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.
It’s 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 don’t need one. Personally, I don’t think an emergency fund is a bad thing. But you should be aware of its cost. 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.
Continue reading “Emergency Fund – Do you really need one ?”
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 haven’t covered yet. It’s 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’s 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 overtime.
In this post, I’m 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 ?”
While I really like Switzerland and I plan to spend all my life here, there some things I really don’t like about it. In this post, I’m going to discuss the five things I hate about Switzerland.
I’m not about to leave Switzerland and I hope I will never have to. There will be a post coming up about the things I love about Switzerland and they will be more numerous ;) But I think it’s important to realize that no country is perfect. Some things should definitely be improved in Switzerland.
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Each month, I’m following the same personal finance routine for my budget. You can see most of the results in my monthly finance reports. In this post, I’m going to describe the steps I’m doing every month.
I think it’s great to have a routine. This helps to get more efficient and like this you don’t forget to do everything.
Continue reading “My monthly personal finance routine – 11 things I do each month”
In the previous post of the Investing series, we talked about mutual funds. They are a great tool for investment. And especially passive funds with very low fees, thanks to index investing.
This is all great, but the problem with mutual funds is their availability. If you are lucky, you have access to Vanguard. And you can directly invest in their low fees mutual funds. There are other like Vanguard, but they are the most famous ;) If you are not lucky, for instance, if you live in Switzerland, you don’t have any easy access to good mutual funds. I can bet that your bank does not offer cheap passive funds. At least mine doesn’t! Here comes 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’m working for Pied Piper. I hope there are some Silicon Valley fans in my readers ;) Since I’m just starting working at this company, I don’t want to disclose it on this blog. And since I’m still anonymous, I’m going to try to stay like this.
This is going to be a shorter post than usual. In this post, I’ll describe all financial aspects of my new job. I’m really happy about my new job. Working at Pied Piper is an incredible opportunity.
Continue reading “My new job at Pied Piper – Opportunity and benefits”
This is the first post I’m going to write about Investing. I’m 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 the broad sense.
I don’t yet know how many posts will be in this series. 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 motivation some people to motivate.
I’m no financial advisor. I’m not nearly an expert investor. This post is just what I know about investing from my experience and from research.
Continue reading “The basics of investing”