August 2018 – Wedding and honeymoon

Posted on Categories FIRE, Goals, Monthly, Side Hustle, Spending3 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 army. This helped us not being in negative this month. But at least, there was some savings ;)

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Mid Year Review of my 2018 goals

Posted on Categories Frugality, Goals, Investment8 Comments on Mid Year Review of my 2018 goals

This year, I wanted to review my goals after 6 months. But I’m really late ;) At first I forgot about it. And then, there were too many posts I wanted to write so I delayed this review for too long.

Last year, I set goals for the year 2018. Setting goals is very important. But it’s also important to review them. If after six months the goals are going bad, it’s important to take actions to improve the chances to meet the goals. Also, sometimes, the goals are not set correctly.

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July 2018 – Getting back up to speed

Posted on Categories Blogging, Goals, Monthly, Side Hustle, Spending12 Comments on July 2018 – Getting back up to speed

After a disappointing June 2018 month, we managed to get back up to speed in July 2018. We had some strong savings this month. Nothing extraordinary, but pretty good still. We were able to increase our net worth significantly.

Since today is Swiss national day, Happy National Day to all my Swiss readers.

We went to Orléans one week this month. I also spent one week in the army. It was my last five days to serve in the army! Other than that, nothing special happened. It was a good month overall. Let’s go into the details now :)

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My monthly personal finance routine – 11 things I do each month

Posted on Categories Budget, FIRE, Goals4 Comments on My monthly personal finance routine – 11 things I do each month

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.

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My new job at Pied Piper – Opportunity and benefits

Posted on Categories FIRE, Goals, Investment10 Comments on My new job at Pied Piper – Opportunity and benefits

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.

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Why (and how) I went paperless

Posted on Categories FIRE, Frugality, Goals, Minimalism, Tips2 Comments on Why (and how) I went paperless

Last year, I decided to go paperless with my administrative documents. It was a long work, but now I’m done. All my documents are available as electronic documents now. I’ve been able to throw away five big document binders.

I’ve used my phone as scanner and uploaded all my documents to the cloud. Find out how I became paperless for free in this post.

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My Investor Policy Statement – You need one too!

Posted on Categories ETF, FIRE, Goals, Investment6 Comments on My Investor Policy Statement – You need one too!

It’s 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.

So, what’s an IPS ? Basically, it’s a set of guidelines for your investing. It will state how you are going to invest and why. It should also state how you will react to some events.

Why would you need an IPS ? The reason is to keep you on the right path when a situation trigger. If you already though of the problem and the solution to it, you know how to react. You don’t need to be emotional about it. And emotions in investing are generally a bad thing.

I didn’t invent the concept! It’s an old thing. It was at first used between a portfolio manager and the client. This was helping the manager invest in the way the client wanted. Since I’m my portfolio manager, I’m doing this statement only between me and me. I was motivated to write my IPS after I read this post by Mr. Retire In Progress. He was himself motivated by another post by Physician On Fire. I would also recommend you read these two posts if you want more information on the subject.

If you want an example, you’ll find my Investor Policy Statement just below. Keep in mind that every IPS is different and should be made for your own situation and goals. So let’s delve into my own IPS.

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First six months of blogging – Lessons learned

Posted on Categories Blogging, Goals23 Comments on First six months of blogging – Lessons learned

I just realized that this blog has been already been alive for more than six months already! Happy blogging anniversary The Poor Swiss!

The first post on this blog is from October 10. At that point, I hosted it directly on wordpress.com. It’s only been self-hosted since March 2 with bluehost.

I started blogging  here to motivate me to save more each month. At the beginning, my finances were in really bad shape. I had to reduce a lot my expenses and I was also lucky to increase my income. Since the beginning, my savings rate have been increasing. March 2018 was my best month with more than 46% savings rate! I’m starting to get more confident about my finances. Of course, it’s still not perfect, but it is better.

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How to integrate second pillar in my net worth

Posted on Categories Budget, FIRE, Goals, Investment, Switzerland8 Comments on How to integrate second pillar in my net worth

I’ve been monitoring my net worth since October 2017. But I’ve not considered my second pillar into it. Why ? Because I don’t get a monthly report on my second pillar. However, I don’t really need it since I can extrapolate from the monthly results. I just was too lazy before to do it.

I decided to stop being lazy and do it. Let’s see how (and why) I did it.

If you need, first take a look at how to calculate your net worth.

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