Good New for Revolut: Swiss IBAN and banking license

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Some good news has just arrived for Revolut! Recently, I saw by luck that there was a Swiss IBAN available when adding money to the application. This is really great since that was missing from the start on the Revolut account.

And probably even bigger news for Revolut: they got a European Specialised Bank License! This is a big deal. Revolut is now officially a bank and will soon start offering new services. I have been using Revolut for about six months now and I really like it. I have saved some money by using their free currency exchange services. I am really interested to see how they are going to implement this banking license in the future. I would really like to have a cheap and good bank account in the future.

In this post, we are going to see what do these changes mean for me and other Revolut customers! If you do not know about Revolut, stay tuned!

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2018 Goals Review – Too easy!

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Now that 2018 is finished, it is time to review my 2018 goals. At the beginning of 2018, I set myself several goals in several different categories that I wanted to achieve during the year.

All over the year, I have tracked my goals in each of my monthly updates. Some of the goals went very well and some did not do as well. But overall, my goals were probably too simple. And some of my goals were not really well chosen. But this is all fine since it was the first year I set myself yearly goals. I need to learn from my mistakes. And next year, I am going to try to set myself better goals.

In this post, I am going to go over all my goals from last year and see how it went. I am also going to examine whether the goal was a good one to starts with or not.

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Swiss investors will lose access to US-domiciled ETFs

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Since the beginning of the year, I cannot buy Exchanged Traded Funds (ETFs) domiciled in the United States from my broker, DEGIRO. Since my current portfolio is mostly invested in Vanguard Total World (VT), this is a big problem for me. I can now only sell these ETFs, not buy them anymore. That means that the next time I will have some money to invest, I cannot invest it anymore as I want. This is bad news for Swiss investors.

This is due to new regulations that will come into play. These regulations already affected all European investors since 2018. But Switzerland was not affected before. We are going to see what changed. This is based on several European and Swiss laws. These laws are sad news for European investors and Swiss investors. I am not a legal expert at all. So this is only my interpretation of these laws. If I am wrong or I missed something, please let me know!

In this post, we are going to see why this is happening. And we are also going to see what are the different options for us. There are several possible solutions to this issue. But none of them is perfect as we will see.

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6 Different Reasons to invest in Real Estate

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We have already discussed on this blog how to invest in real estate. But I have not really covered the reasons to invest in Real Estate in the first place. These reasons may make you want (or not) to invest in Real Estate. This is something I am still wondering whether I should invest in it or not. I know there are several reasons that make Real Estate interesting as an investment. But I have never gotten to the point of starting to invest in it.

Today, I am focusing on investing in real estate for income. This is not about owning your own house. If you live inside the house, you will not get income out of it.

In this post, we are going to see six different reasons to invest in Real Estate. There are many reasons that make Real Estate an interesting investment. But that does not mean it is necessary for every one to invest in it. On the other hand, I believe it is important to know what the investment offers. If you have others reasons to invest in Real Estate, please let me know!

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December 2018 – It went by so fast!

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I cannot believe it is already the end of the year! This month went by so fast. And this year also crazy fast. It is already the end of December 2018. So, it is time for another monthly update!

This month was pretty calm. We did not do many things and not really substantial happened with our finances. Since this is the end of the year, some recurring bills are arriving now. There are also the recurring costs of gifts for our family and friends. But we have not been very spendy on that part for this year. We have been able to save 49% of our income this month. We are trying to limit gift giving and prefer doing things with friends and family.

And while nothing crazy happened for us, the stock market continued its fast decline. We are getting very close to bear market territory now. With this, we were not able to grow our net worth this month. We will have to watch the market closely next month to see how it goes.

Stay tuned to learn everything that happened to us and our finances in December 2018!

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Merry Christmas

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Merry Christmas to you all!

At first, I wanted to publish a regular post for Christmas. But I figured that people do not want to read more than one thousand words on Christmas. So this post is just here to wish all of you a Merry Christmas!

Our Christmas Tree 2018
Our Christmas Tree 2018

I cannot believe that December went by so fast! I really did not see it pass through. But it was a good month. We just did our Christmas tree. one week ago.  Tonight, we are going to celebrate with my family.

I will not post again until next year. This is the last post of the year! I am probably going to go back to a schedule of two posts a week next year, on Tuesday and Thursday. So the next post should arrive on the first of January with the review of December 2018!

In one week, the year will be over. This is almost time to review our goals and make a point in our budget and plan to Financial Independence.  I already started working on the goals for next year. This should come soon :)

But that is enough about me, have a great Christmas! What are you doing for the night?

6 different ways to grow your income

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There are two main ways to reach Financial Independence (FI) faster. Either you reduce your expenses or you grow your income. We have already seen that you should do both if you want to reach FI faster. Most people are quickly reaching some limits when trying to reduce their expenses. On the other hand, growing your income is virtually limitless.

A lot of people do not focus enough on increasing their income. Even in the personal finance community, a lot of people are focusing on reducing small expenses. Whereas it is sometimes easier to get more money!

In this post, I am going to a few ways that you can use to grow your income. And of course, you are not limited to one of these ways. If you want to increase your income as much possible, you need to work on several fronts. There are other ways as well. If you know a good way to increase your income, please let me know!

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What would I do if I retired?

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There are many people who do not know what they will do in retirement. If you are serious about reaching financial independence and retire early, you should already know what you would do in retirement. You will have a lot of time on your hands.

I already know that there are a lot of things I would do more once I retired. There are a few things I really wish I had more time to do. It is my hope that in retirement, I will be able to do more of these things.

In this post, I am going to describe the changes for me in retirement. As you will see, there are a lot of things I would like to do more in my life. I am also going to describe how I am going to organize my days. Of course, this is only a thought experiment. I am far from retirement. A lot of changes will occur in the meantime.  But it is still a nice thought experiment.

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Money lessons from Family Guy #1

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Do you like Family Guy? I know I do! Have you ever wondered whether you could learn some money lessons from an animated sitcom like Family Guy? If you have, this post is for you! Today, we are going to try to get some money lessons from five Family Guy episodes!

Recently, I have done the same exercise for South Park, trying to learn money lessons for five South Park episodes. I really had a lot of fun writing the previous post. The post did not generate a lot of views. But it is still fun enough so I am going to give it another try with Family Guy. For this post, I selected five episodes related to money. Now, in Family Guy, there is often no real focus during most of the episode. So it is actually a bit more difficult to find episodes related to money. Sometimes, only a part of the plot is related to money. But that is logical given the craziness of the show! Which is one of the reasons I really like this show!

For those that do not know, Family Guy is about the adventures of the Griffin Family. There are Peter and Lois Griffin, the parents. They have three children, Meg, Chris and Stewie, the baby. And they have a dog, that can talk, Brian. Peter is very dumb and so is Chris. And nobody likes Meg. Oh, and the baby is a genius that wants to kill his mom. They have highly unlikely and dumb adventures. And this makes the show really funny.

The pictures in this post are the property of Fox.

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Kuaishou – The weird Chinese side hustle of Mrs. The Poor Swiss

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Mrs. The Poor Swiss started a new side hustle recently. She started video streams on Kuaishou. It is a very popular app in China. She actually 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 is a bit like Twitch but not related to gaming at all.

Even though the application is mostly used by Chinese, there are 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 really working in China. And it seems to be working for Mrs. The Poor Swiss as a side hustle. She actually helped me complete the facts on this article.

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