This month I had to use my credit card a lot. We paid for our honeymoon in full in advance. I also had to advance money to my company for a trip that they will reimburse later. Also, we purchased many things online. Finally, we pay all our groceries with a credit card. To make sure I could pay for our wedding lunch, I even had to increase my limit to 5000 CHF.
Once I realized how much I was using this credit card, I started to wonder if my card was the best available for me. Also, I read a lot of stories of people getting a lot of flights and hotels for free using credit cards. I wanted to know if this was possible for me too. Let’s explore the different options that are available in Switzerland.
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We got married! Last Friday (18.05.2018) Mr and Mrs the Poor Swiss got married! It was a really nice and simple official ceremony in our state. We invited our closest friends and family members to the ceremony. And then we did a simple party at our apartment. Find out about our wedding in Switzerland.
This post is mostly an occasion for me to share the good news ;) And some photos! I will also share information about how weddings in Switzerland. It is nothing really special. But it could help some readers if they do not know how it works here.
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Over the years, I have made many budgeting mistakes. In this post, I will try to list a few of the big mistakes I have made. I am talking here about mistakes in the way I did my budget. And also spending mistakes. Some of the mistakes are not a big deal but some of the others made me spend too much. Overall, I would be much better off if I had known this a few years ago.
Find out how I fixed my budgeting mistakes. I have learned a lot from my budgeting mistakes and I hope you can learn a lot from them too! The idea is, of course, to avoid them now that you of them ;)
Continue reading “My 7 biggest budgeting mistakes – How I fixed them”
When I was young, I was gardening with my father in our house. And before that, my grandfather was often taking me to his big garden. I always enjoyed it. However, since I moved into my current apartment, I never took the time to start a vegetable garden. Now that my girlfriend moved in with me, we decided it was time to start a garden again. The idea was to grow some of our own vegetables.
With our apartment, we have a large lawn, filled with grass and a few trees. We asked the owner if we could remove the grass to start a garden. Since she accepted, we started our garden.
I am going to present all we did with our garden in this post. Neither of us is any gardening expert. We maybe did some mistakes, but we are having fun :) And I wanted to share this project. Also, my English gardening vocabulary may not be great. So, gardening experts, do not get offended ;) I would be glad to hear all your tips!
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Last year, I decided to go 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) I went paperless”
I just finished reading I Will Teach You To Be Rich, by Ramit Sethi. This book will give you a lot of advice on how to improve your finances. It may not make you a millionaire. But it is a great book, full of helpful recommendations on how to improve your finances!
This book has been great to read. One of the best read from the personal finance books I have read so far. Like the last book I read, I have been able to buy it for a few dollars on Kindle. If you want to be lucky, look at my techniques to find cheap Kindle ebooks. It is really nice and light to read. It is not too dense and still contains quite a lot of information.
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In this post, we are going to see how to buy an Exchange Traded Fund (ETF) on DEGIRO. Vanguard Total World (VT) is the main part of my new portfolio. So I am going to use VT as an example. The process is exactly the same with any ETF you buy.
I decided to use DEGIRO after comparing with several other brokers. The main advantage of DEGIRO is its very low fees. You can read my full review of DEGIRO if you want more information. This post assumes you already have an account with DEGIRO. If not, you can open one account very quickly.
Note: Links to DEGIRO are affiliate links. If you use them to create an account, you will receive 20 CHF and I will receive 20 CHF.
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Over the years, I made many investing mistakes. In this post, I will relate on my 9 biggest investing mistakes and what I could have done better. It is also the story of how I got into investing early and left very early. And finally started investing again way too late!
It is very important to learn from your mistakes. And it is also very important to recognize your mistakes. There is no value in thinking you cannot make mistakes. And there is no value in ignoring them. I am not very proud of my investing mistakes. But it is better to talk about them than ignore them! And people can learn a lot from mistakes of other people.
Continue reading “My 9 biggest investing mistakes – How to avoid them!”
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 one hour. It was a really good exercise for me.
So, what is an IPS? Basically, it is 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 thought of the problem and the solution to it, you know how to react. You do not need to be emotional about it. And emotions in investing are generally a bad thing.
I did not invent the concept! It is a well-known 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 am my portfolio manager, I am 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 will 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. You should not copy another IPS. However, you can get some inspiration from other’s IPS. So let’s delve into my own IPS.
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The last book I read is The Millionaire Next Door: The Surprising Secrets of America’s Wealthy, by Thomas J. Stanley and William D. Danko. This book is a study of the millionaire households in the United States. In this post, you will find out exactly what this book is about and what I thought about it. I was lucky to find it very cheap on Kindle.
I am still reading many new personal finance books. And so far, it is been a great ride. There are some really great books about personal finance, investing and frugality. It is just a bit sad that most of these books are missing any international content. They are really made for the United States. However, a lot of their lessons can still be translated into Europe.
Continue reading “The Millionaire Next Door – Book Review”