Saving Every Penny
How to Build Wealth and Retire Early on a Modest Salary
Building wealth and retiring early may seem like a lofty goal, especially if you are on a modest salary. However, it is not impossible. With careful planning, smart investing, and a disciplined approach to your finances, you can achieve financial independence and retire early. Here are some steps that you can take to build wealth and retire early on a modest salary
How to become a millionaire?
One of the books I have read that have influenced my way of thinking about personal finance is the American book “The millionaire next door”, which has helped me figure out how to do it personally. Like many others, I have also asked the question, “How do you become a millionaire?”
What does digital minimalism mean?
What does Digital Minimalism mean? You probably heard about minimalism, and now the latest term has come up about being a digital minimalist. Digital minimalism means you practice controlling your usage of technology in your life like mobile phones and computers. The...
What is the concept of minimalism?
What is the concept of minimalism? Minimalism is about focusing on the important and removing the superfluous. A minimalist is a person who practices minimalism. Minimalism can be about living (more) in the present and worrying less about the past and future; about...
How To Achieve FIRE In 11 Steps
In this article, I want to share my plan on how to achieve Financial Independence in 11 steps. You will be surprised by how trivial the steps can be. But I’m not trying to mister obvious. but if you follow below steps and keep persistence you are almost...
How to save money: 13 great saving tips
Save money and get more air in the economy. It does not require the big changes in everyday life. How to get started easily. Save money and afford more of the fun Rent, food and insurance eat up a large portion of your income. It can be hard to get the money to go...
You should have an Emergency Fund, and here is WHY
You should have an Emergency Fund, and here is WHY At some point in our lives sh*t is going to happen, so we better be prepared for rainy days. We can lose our job, we can have a car accident or our fridge may decide it’s time for a replacement. “All sorts of things...
How do I find out when I am financially independent?
The answer to the question is very subjective. It is about how YOU live your life, what expenses do YOU have today and are these the same expenses you want in the future? Some people tighten their budget a lot to be able to save up – but is that the same budget they will live on when they reach “financial independence”? Only there can one begin to count on it. Let me show you
How to become a millionaire?
One of the books I have read that have influenced my way of thinking about personal finance is the American book “The millionaire next door”, which has helped me figure out how to do it personally. Like many others, I have also asked the question, “How do you become a millionaire?”
Story sharing towards FIRE: Hit $2.3M net worth at 52 year old
I’m 52M married to a 53F with two adult kids (one finished graduate school the other will graduate college in 2022 with no debt). My FIRE number is about 3.5M which I hope to hit by 2027 or sooner.
is it worth investing 100 a month?
Yes, Investing 100 a month for long period of time will compound to an incredible saving over time. Read on to see how much 100 a month become over a period of 10, 20, 30 and 60 years.
WHY INVEST WHEN THE MARKET IS AT ITS HIGHEST?
WHY INVEST WHEN THE MARKET IS AT ITS HIGHEST? KEY TAKE-AWAYS: People have a record amount of money in deposit accounts with the bank – many of...
HOW TO GET STARTED INVESTING IN SHARES?
STOCK INVESTING Issuing shares is a great tool for companies to raise capital and for investors to share in the value creation of companies.Equities...
What does digital minimalism mean?
What does Digital Minimalism mean? You probably heard about minimalism, and now the latest term has come up about being a digital minimalist. ...
What is the concept of minimalism?
What is the concept of minimalism? Minimalism is about focusing on the important and removing the superfluous. A minimalist is a person who...
What is Active and Passive managed mutual funds
What is Active and passive managed mutual funds Some investment funds are managed according to the active strategy, where the goal is to create a...
How to get started on FIRE
How to get started on FIRE – The Journey begins Getting started on the journey to Financial Independence Retire Early. Is relatively easy as...
What is an ETF – Exchange Traded Funds?
What is an ETF? The ETF stands for exchange-traded fund, ie an exchange-traded fund. An ETF is in many ways the same as an mutual fund, with the...
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Can i really invest for only 100 USD?
Can I really invest for only 100 USD? Yes you can. Most people new to investing often have the question about having enough money to start investing. Can i really start with only 100 USD or even only 50 USD? My answer is a huge YES! Remember that every dollar count,...
Should I invest in Dividend Stocks or Dividend ETFs?
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Why I ignore the stock market and you should too
Monitoring the market is a useless waste of time, energy and brainpower. There is no benefit at all, so when the rest of the world was worried about market conspiracies, I looked the other way. There are two reliable ways to enhance your investment portfolio: 1) increase your savings and 2) increase your income.
How to Reach $100k Wealth on an Average Salary
That is under seven years to reach $100k on your extremely normal compensation. In the event that you get a normal compensation directly out of school (in contrast to me) you’d arrive at 100k per little while before your 30th birthday celebration. That is a ton of mixture – enough to now coordinate your $11k commitments in profit each year and help you to 1,000,000 dollars significantly more rapidly.
How to become a millionaire?
One of the books I have read that have influenced my way of thinking about personal finance is the American book “The millionaire next door”, which has helped me figure out how to do it personally. Like many others, I have also asked the question, “How do you become a millionaire?”
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