My 7 biggest budgeting mistakes – How I fixed them

Posted on Categories Budget, Frugality, Spending, Tips4 Comments on My 7 biggest budgeting mistakes – How I fixed them

Over the years, I’ve made many budgeting mistakes. In this post, I’ll try to list a few of the big mistakes I’ve made. I’m 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 better off if I had known this a few years ago.

Find out how I fixed my budgeting mistakes. I’ve 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 ๐Ÿ˜‰

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We started a vegetable garden

Posted on Categories DIY, Frugality, Spending2 Comments on We started a vegetable garden

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.ย  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’m going to present all we did with our garden in this post. Neither of us are any gardening expert. We maybe did some mistakes, but we are having fun ๐Ÿ™‚ And I wanted to share this project. Also my English gardening vocabulary may not be great. So, gardening experts, don’t get offended ๐Ÿ˜‰ I’d be glad to hear all your tips!

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Why (and how) I went paperless

Posted on Categories FIRE, Frugality, Goals, 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 paperlessย for free in this post.

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I Will Teach You To Be Rich – Book Review

Posted on Categories Books, Budget, Investment4 Comments on I Will Teach You To Be Rich – Book Review

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’s 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’ve read so far. Like the last book I read, I’ve 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.

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How to buy an ETF (VT) on Degiro

Posted on Categories Broker, ETF, Investment3 Comments on How to buy an ETF (VT) on Degiro

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’m 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.

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My 9 biggest investing mistakes – How to avoid them!

Posted on Categories FIRE, Investment14 Comments on My 9 biggest investing mistakes – How to avoid them!

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’s also the story of how I got into investing early and left very early. And finally investing too late!

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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 ?ย 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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The Millionaire Next Door – Book Review

Posted on Categories Books, FIRE2 Comments on The Millionaire Next Door – Book Review

The last book I read isย 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’ll find out exactly what this book is about and what I though about it. I was lucky to find it very cheap on Kindle.

I’m still reading many new personal finance books. And so far, it’s been a great ride. There are some really great books about personal finance, investing and frugality.

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New ETF Portfolio – Simplicity is key

Posted on Categories ETF, Investment11 Comments on New ETF Portfolio – Simplicity is key

A few months ago, I updated my portfolio to add more bonds and more dividend yielding stocks. Since then, I had a lot of discussions on this portfolio. I discussed it on the comments on this blog. I also discussed it on the bogleheads forum. Since these discussions, I’ve given a lot of thoughts on my portfolio. I realized there was several issues with the portfolio. I’m going to discuss these issues here and present the new portfolio on which I’ve settled on. The biggest issue was the complexity of the portfolio.

I’m going to start with the decisions that I made about my portfolio and the reasoning behind them. If you want to checkout the new portfolio, simply jump to it ๐Ÿ˜‰

First a few acronyms:

  • Exchange Traded Fund (ETF): A fund that is traded like a stock
  • Total Expense Ratio (TER): The amount of yearly fees in a fund

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April 2018 – Birthday and new savings record

Posted on Categories ETF, Frugality, Investment, Monthly, Spending11 Comments on April 2018 – Birthday and new savings record

After a record-breaking March 2018, April 2018 is even better ๐Ÿ™‚

Although I had some significant expenses this month, the savings were great. This is partly thanks to the gifts I received this month for my 30 years birthday! I also managed to keep my expenses quite low. And my net worth made a very nice jump. Overall, a great month ๐Ÿ™‚

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