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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You have probably heard a lot about Financial Independence. A lot of things on this blog are about my path to Financial Independence (FI). But why would you want to be financially independent? There are many reasons for wanting to be financially independent. And as you will see, retiring may not be the biggest reason.
In this post, I am going to list the main reasons people want to be Financially Independent. Of course, the reasons may not be the same for everybody. Some reasons will talk to you more than others. It is fine. Not everybody has the same motivations in trying to reach FI. And not even everybody wants to reach FI!
You may have some reasons to reach FI that I did not even think about! Please let me know in the comments if that is the case! I would like to know why you want to be Financially Independent.
Continue reading “7 Powerful Reasons to Become Financially Independent”
One week after our lake wedding, we left for our sea honeymoon! We chose to go to Hurghada in Egypt in an all-inclusive hotel. We wanted to do very little for a few days and wanted to rest. Finally, we also wanted to get something relatively cheap and convenient, hence the all-inclusive. Neither of us had an all-inclusive experience before, so it was about time we tried :)
We used Migros Travel agency to book the entire trip. They booked the plane, the hotel and the transfers between airport and hotel. We compared between booking the trip ourselves and using this agency. It was a bit cheaper for the agency. And we did not have to book everything independently. From what we read about Egypt, it is also much better to be part of some tour. This is especially true for the Visa and the shuttle to and from the airport.
Overall, it was a great honeymoon. We had a lot of fun, were able to rest and saw some great things! Find out all the details below!
Continue reading “Our Honeymoon in Hurghada, Egypt”
This year, I wanted to review my goals after 6 months. But I am 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 a very important thing. But it is also important to review them. If after six months the goals are going bad, it is important to take actions to improve the chances to meet the goals. Also, sometimes, the goals are not set correctly.
Continue reading “Mid Year Review of My 2018 Goals”
Everybody will agree with me that A Wedding is a Special Day! But most people will also agree that Weddings can be very expensive. For our wedding, we managed to make a nice wedding ceremony while keeping it at a reasonable price tag. Let’s see how we did that!
In 2018, we celebrated our wedding! We had very good feedback from our guests and we both enjoyed it very much. It was a very nice and happy day. And we managed to keep under a reasonable budget. We did not go cheap though.
In this post, I am going to talk about some 11 Great Ways that you can use to make your wedding cheaper but not less nice! You want your wedding to be memorable, but you do not want it to hinder your entire finances. It is possible to organize a very nice wedding and still keep a tight budget!
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In the first post of the Cryptocurrencies series, we talked about how cryptocurrencies were working. Then, in the second post, we looked at the history of cryptocurrencies. Finally, in this last post, I am going to discuss what I think is wrong with them.
Personally, I believe that cryptocurrencies are not an investment. When you buy a cryptocurrency, you do not buy any value. You just speculate on the fact that other people will later give a higher value than what you paid. This speculation, or even gambling, not investing. Moreover, there are also several problems with investing in a cryptocurrency that you do not have with stocks. Let’s see what they are!
Continue reading “The 5 Biggest Problems of Investing in Cryptocurrencies”
In the previous post about cryptocurrencies, we talked about what were cryptocurrencies. We especially talked about how cryptocurrencies really work. By now, you should know more about blockchain, cryptography, and miners.
In this post, we are going to talk about the history of cryptocurrencies. How it all started with the bitcoin. And how it all expanded into several thousand alternative cryptocurrencies. Most of the history will be related to bitcoin since it was the first cryptocurrency. And it was also the one that made the more headlines over the years ;) However, the bitcoin is not the only cryptocurrency out there. Most people believe that cryptocurrencies and bitcoins are the same things. But the bitcoin is only one of the cryptocurrencies.
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If you read financial news or finance blogs, you probably have heard (a lot) about cryptocurrencies and especially Bitcoin. You probably have read some success stories where people made a fortune investing in one cryptocurrency. You also probably have read stories where people have lost a fortune with them. But what is a cryptocurrency really? And how do they work?
In this post, I am going to try to answer these questions for you. I am thinking that this could be interesting to know exactly how they work. You probably have heard of the words blockchain or miner or even hash function. We are going to see how they come into play for cryptocurrencies.
I am not going to cover the investment quality of the cryptocurrencies in this post. I plan to discuss that in another post. Finally, in a later post, I will also discuss the history of cryptocurrencies since their creation.
Continue reading “What are Cryptocurrencies? How do they Really Work?”
No, I am not writing the same post twice! You may remember, that we got married in Switzerland in May. At that time, we did a small civil wedding with my close family, followed by a small party at our places, joined by some of my friends. We did not have much time, so we decided on doing something really simple.
However, many of our friends and family could not come. So we decided to throw a bigger party to have more people join us. In this post, I am going to share what we did for our wedding. It was a great time for us and our guests! I am also going to discuss the costs, personal finance blog obligation!
Continue reading “Our Wedding Ceremony in Switzerland on a Budget!”
If you are following personal finance blogs or podcast, you probably have heard the name of Warren Buffett. He is very famous in the community. Warren Buffett is a very successful investor. He made a fortune from nothing. This the first reason he is famous in the community. The second reason is that he advised his fortune to be invested in index funds once he passes away. This is one of the few big investors who is supporting index funds. Finally, he also beat the market for many years. Which is something very difficult.
Being one of the richest persons in the world also helps to make him a very well-known figure. In this post, we are going to look at the history of Warren Buffett first. Some numbers may not seem much in the early years. You need to take into account inflation. 1000 dollars 70 years ago are worth around 10’000 dollars now. We are especially going to focus on the biggest investment he did. Then, I am going to talk about some important traits of the man. This is going to be a long post ;)
Continue reading “Who is Warren Buffett ? The Man and His Investments”