I was thinking to buy a small book on minimalism recently. But actually, I bought a pack of several books about minimalism. To be honest, I was thinking I was buying a single book but ended up with a pack. Oh well. The first book I have read is Adopting the Minimalist Lifestyle by Ariel Horowitz.
It’s a really tiny book. I was thinking the entire set of book was small already, but each book is tiny. It’s a minimalist book about minimalism ;) I have been able to find it for very cheap on Kindle once again. It is difficult to find this kind of books in my used book shop. But if you are patient, it is relatively easy to find them for cheap on Amazon.
Continue reading “Adopting the Minimalist Lifestyle Book Review”
In Switzerland, there are several advantages to invest in the third pillar. Mainly, this will reduce your taxes since you can deduct your contributions from your taxable income. Moreover, this is a good way to invest for your retirement.
However, there are a lot of third pillar providers. Basically, every Swiss bank will offer you one or several third pillar accounts. But most of these options are pretty bad. Either they have very little interest or they have huge fees.
Recently, one new actor started to offer options for third pillars: VIAC. VIAC offers very cheap options with up to 97% exposure in stocks. This is significantly better than what I have found before in other third pillar providers.
In this post, I am going to compare the main third pillar providers in Switzerland. And I am going to check which is the best third pillar in Switzerland.
Continue reading “Is VIAC the Best Third Pillar in Switzerland?”
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!
Continue reading “How I Blog – How I Write Blog Posts”
I have used PostFinance as my bank for a very long time now. I have used it ever since my first pay, back in 2004. For the most part, I am quite satisfied with it as a bank. I have a checking account and a few savings account on PostFinance. And I also have my third pillar on PostFinance. I was thinking of staying at PostFinance for most things except for my third pillar which I was thinking of moving to VIAC. However, it seems they decided otherwise.
Currently, I am not paying anything for my accounts. But PostFinance just announced that they are increasing their fees significantly (Source). Starting in January 2019, I am going to have to pay 60 CHF per year for my account. This is not acceptable to me. The service will be exactly the same but for a higher price. I know this is not a lot of money. But this is the kind of things we should fight against. So I am going to change bank as soon as possible. In this post, I am going to discuss the new fees and the options I have as a new bank in Switzerland.
So let’s start to see what is The Best Bank in Switzerland!
Continue reading “What is The Best Swiss Bank? Migros?”
I cannot believe it has already been one year since I started blogging. On October 10th 2017, I wrote the first blog post of The Poor Swiss. I have learned a lot of about personal finance in that year. And I have also learned a lot about blogging. Even though this was not my first blog, I still had a lot to learn. And I still have a lot more to learn now!
In this post, I am going to talk about my first year of blogging. If I say this year, it will the year of blogging, it will not be 2018 ;)
Recently, I have talked about the reasons why I am blogging. Now, I am going to share numbers about how the blog is doing. I am also going to share the things I did right and the things that did not go well. However, I still have a lot of work to do to improve this blog. I am hoping that it gets better over time.
Continue reading “One Year Blog Anniversary! Lessons and Next Steps”
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 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 a 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.
Continue reading “Grow Your Income or Spend Less to Reach FI?”
No, I did not make two million dollars in the stock market. But I just read a book about a man who did ;) I finished reading “How I made $2,000,000 in the stock market”.
This book tells the story of Nicolas Darvas who made two million dollars in the stock market, in less than two years. Nicolas Darvas is not a professional investor, but a dancer. He is touring around the world, going from one show to another. The book tells his story from his beginnings with many mistakes to the successful. I thought it was a very interesting story. You can learn many things from his mistakes and from his successes. Even though the book is quite old, I think it is still mostly relevant to today. You
Continue reading “How I Made $2’000’000 on the Stock Market – Book Review”
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!
Continue reading “7 Best Blogs on FIRE”
After poor financial results in August 2018, it is time to review September 2018. Even though we had some big expenses this month, the results are better. We were able to save more money this month. It is still not perfect, but it is very slowly getting there.
Not a lot of things happened in September 2018. I spent about ten days in the United States for my company. This was not expensive since everything was paid by my company. I did some shopping though. However, we bought plane tickets to China for the next Chinese new year. And we had to pay the repair for the car accident of Mrs. The Poor Swiss. This made a very large dent into our budget.
Continue reading “September 2018 – Car repair and plane tickets”
Today, I am going to talk about a subject that most people would rather not talk about: Death. More specifically, we are going to talk about what will happen to your family after your death. Even if it is not a funny concern, you should prepare for your death. Not for you. But for people who depend on you. The bills will not stop coming after your death.
Your loved ones just went to the tragic event of your death. Now, they may be faced with new difficulties. What if you are the only one that knows how to get access to the banking system? What if you are the only one with access to all the insurances policies?
A disaster file is one way to help your loved ones during this trouble. This will help in that case, but it will not solve all the possible problems of course. It is the first step to be better prepared.
Continue reading “Disaster File – A Simple Way to Prepare for Your Death”