One Step At A Time.

The long road to financial independence.

Teaching happiness

Today I watched this documentary and it deeply moved me. It is about an old teacher, who teaches his students something relevant. Compassion, friendship and happiness.

His work touches me on a deep level. I cried quite a lot. I hope you like the documentary as much as I do!

Insourcing

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Here is a skill that helps you to become financial independent, healthier, happier and helps you to grow as a person.

It is not very popular these days. But hey -  Common Sense these days makes no sense at all.

I am talking about insourcing.

Insourcing means taking your own matters into your own hand.

It means going for a daily walk, instead of taking those pills against high blood pressure.

It means cooking your own food, instead of running to the next restaurant.

It means to change a bad situation instead of complaining.

It means you stay at home with your children when they are small.

It means you clean your own flat.

It means growing your own food. Organic, local, seasonal and fresh. You name it.

It means building your own items. Maybe even your own house.

It means when something breaks you try to repair it.

It means before buying something new - you think about what item does nearly the same and use it.

It means you build the toys for your children - toys they will probably never forget.

You get the rough idea. Insourcing is absolutely simple.

Where do you insource already?

 

What is financial independence?

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This is a blog about financial independence. But I never explained what it means.

Being financial independent means, that your decisions are not clouded by thoughts about money.

So in a way being rich has nothing to do with being financially independent - at least not if all you can do is to think about how to get more money.

Earning a heap of money every month has nothing to do with financial independence - at least not if you need all of it to support your style of life.

Living about your means until you are broke has also nothing to do with it. Your decisions will be quite clouded with money after a while.

So being independent is as much about courage as it is about money. It is as much about just living your dream - as fast as you can - and not waiting for 30 years earning piles of money in a job you hate.

It is about you taking control of the money. About using it as a tool - not as the main compass for your life.

It is about really thinking about what you want to do with your life. And doing it. And not waiting with it until you are too old.

You may need some money to do it, but for me - it is courage that is missing. The money ist not the problem 😉

So fuck the money. Time to live the dream - not in 10 years. But today.

Strangers in strange lands

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We can remember between 5 and 9 digits.

So why do we value our self-images so much?

Would you rather look at the image of a flower or at the flower itself?
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YNAB: Getting out of credit card debt and living on last month's income

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Did you get started with a YNAB budget?

If you are in the lucky situation, that you were able to implement all of YNAB rules immediately, then this article is not for you.

If you are like many of us, you will have problems to live on last month's paycheck. And you will have some credit card debt.

Time to do something about it!

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Book Review: The Wealthy Barber

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Most financial books are intimidating for beginners.

I just discovered  a wonder weapon, that I will recommend to novices.

The Wealthy Barber a story of 3 young people getting financial advice from a barber.

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Basics: The rule of 72

photo by Images_of_Money (flickr) shared under a Creative Commons (BY) license

The rule of 72 is a rule that can answer you the question: How many years will my money need to double for a given interest rate?

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Happiness comes first

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Sometimes, when I think about my bright financial future, something bad happens.

I want to be financial independent so badly, that I do not respect the present.

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YNAB Basics: How to get started budgeting

Do you live from paycheck to paycheck?

Is your debt getting bigger and bigger?

You constantly worry about money?

That sounds like me a years ago. Until I started to budget.

Today I save more than half of what I earn. I am quite confident that I can retire in less than 15 years.

Whatever your financial goal is: A budget can help you reach it! No self-deprivation involved. Just you telling your money what to do.

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The magic of small steps

I discovered the secret how you can achieve your goals.

A secret that can change your life. Forever.

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