Grow Your Income or Spend Less to Reach FI in 2020?

Categories Financial Independence, Frugality, Side Hustle

When you are trying to reach Financial Independence (FI), the best way to reach FI faster is to increase your savings rate. Your savings rate is the amount of your net income that you can save.

For increasing your savings rate, you have two options. You can either spend less or grow your income. These two options will directly increase your savings rate. And as a result, they will speed up your road to Financial Independence and make you reach FI faster.

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How to Sell Things Online in Switzerland in 2020?

Categories Side Hustle, Frugality, Switzerland

When you have a lot of things at home, there are probably many of these things that are not necessary. An excellent way to get rid of some of these things is to sell them.

You will save space and earn some money! There are many ways to sell items. But in today’s age, selling online is often the way to go.

For instance, recently, I did some ordering in my technology closet (yes, I am the kind of guy that has a technology closet). And I realized that I had way too many things stored at home. I also realized that I had way too many servers. So I decided to sell online a few things.

I am mostly using online websites to sell things. I am far from being a minimalist. It is easily seen by my technology closet that is still too full after a first purge. But I am trying to reduce a bit the amount of burden I own. And if I can get some money in the process, it is a nice bonus!

In this post, I am going to talk about what I am selling online in Switzerland. And how am I selling them!

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Financial Freedom – Book Review

Categories Financial Independence, Investing, Side Hustle

Financial Freedom is a book by Grant Sabatier. Financial Freedom is about reaching Financial Independence, or Financial Freedom as the author is calling it.

Financial Freedom follows mostly the story of Grant, who achieved FI in about five years. He was able to become more than a millionaire in less than five years, although he was unemployed at the beginning of his story. His story is really interesting and motivating. Oh, and by the way, Grant Sabatier is the blogger behind the successful Millenial Money blog.

However, the book is not only about the story of Grant Sabatier. It is mostly about the lessons that Grant learned during his journey. He will try to teach you all there is to know about how to become Financially Independent yourself.

In this post, I am going to go over the Financial Freedom book into details. The things I liked, the things I did not like, and what the book has to offer you!

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7 Ways to Grow Your Income Faster in 2020

Categories Side Hustle, Investing, Real Estate

Everybody will agree with me when I say people want to grow their income. A higher income means more savings, more money to invest, and a better ability to spend. Over the years, I have greatly improved my income. And I do not want to stop there.

There are two main ways to reach your financial goals faster. Either you reduce your expenses, or you grow your income. You should probably do both if you want to reach your financial goals. Most people are quickly reaching some limits when trying to reduce their expenses. On the other hand, your ability to grow your income is virtually limitless.

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Make money online with Kuaishou – Share videos

Categories Side Hustle

Mrs. The Poor Swiss started a new side hustle recently. She started video streams on Kuaishou. It is a top-rated app in China. She managed to get some money out of it. I wanted to talk about this because I have not seen any other blogger mention it. It could be an exciting side hustle for some people. It is a bit like Twitch but not related to gaming at all.

Even though the application is mostly used by Chinese people, there are more and more foreigners that start using it. Almost every people speak Chinese on it. But you can run a show in any language. The problem is that there will not be a lot of people to understand you if you do not speak Chinese.

I am not sure I understand the success of Kuaishou. But this is something that is working in China. And it seems to be working for Mrs. The Poor Swiss as a side hustle. She helped me complete the facts for this article.

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How To Save Money with a Vegetable Garden

Categories Budget, Frugality, Side Hustle

This year was our first year with a vegetable garden. There were several goals in growing our own vegetable garden. The first was because we wanted to have fresh vegetables. The second was that we actually like gardening. And finally, we also wanted to see if it was possible to actually make a profit with a garden.

Since it is now the end of the gardening season, I am going to summarize the results of our garden. It is pretty empty right now since we only have a few winter vegetables. During this season, we kept a precise list of what we got out of our garden. And we of course also kept the list of our expenses. With this, we should be able to know if our garden was profitable or not ;)

Regardless of its profitability, it was a great experience for us. It is so good to be able to enjoy healthy and home-grown vegetables in our dishes! In this post, we are going to show what we got from our vegetable garden. I am also going to share what we learned and the mistakes we did for our garden.

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5 Great Ways to Reach Financial Independence

Categories Financial Independence, Frugality, Investing, Real Estate, Side Hustle

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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5 Money Lessons from South Park #1

Categories Budget, Frugality, Investing, Side Hustle

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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How I Blog – How I Write Blog Posts

Categories Blogging, Side Hustle

It has now been over one year that I have started blogging. I have already talked about why I am blogging. Now I want to talk about how I am blogging. I am going to cover most of the things I do when I blog. I am not going to cover things I do that are not related to blog posts. But I am going to go through everything I do while writing new blog posts.

From writing new blog posts to finding images for them and share them on social networks, I am going to try to cover all the aspects of blogging. You will see that even for a small blog like mine, it is a considerate amount of work to write blog posts.

I am hoping that this will be interesting for people interested in blogging and beginner bloggers like me. Do not forget that this blog is still quite young and I should be considered a beginner!

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August 2018 – Wedding and honeymoon

Categories Monthly, Financial Independence, Side Hustle

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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