One Step At A Time.

The long road to financial independence.

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Basics: Saving for a rainy day

How often do you get surprised by live and are not prepared?

How often do you use your credit card to pay for these little emergencies?

In this blog post, I will show you how to be prepared financially next time.

How next time the car breaks down it will be no financial catastrophe at all.

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Multiple use

Today many products have only one use. Waffle irons, rice cookers, fondue sets, popcorn makers, toasters..

While many of these appliances are quite good at what they do - I do not use them on a regular basis. They are wasteful.

I life in a small flat and I do not want to waste money - so I love to have only a few items with multiple use.

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Getting rid of ads

I do not read advertisements. I would spend all of my time wanting things.

Franz Kafka

Often I feel bad after watching an ad, reading an article about the next health gadget, after watching Apple keynotes or browsing on Amazon.

I feels like I have a hole in the stomach. I have to fight internal fights. Shall I buy the thing I didn't even know about a few minutes ago?

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The wonderbag

During World War II resources were scarce. So my german ancestors used so called "hayboxes".

The basic idea was this: You heat your food and then you put it into one of these boxes. The food will stay hot for hours and finish cooking inside of the box.

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A tale of 3 electric kettles

I drink a lot of tea and coffee daily and after a few months of heavy use my first electric kettle stopped working.

One has to have an electric kettle. It's so energy-efficient and fast. - right? So I bought my second electric kettle.

This time it could heat water one cup at a time - it also could produce water at the exact right temperature for green tea. At least - until it's cables started smelling and we got really worried that it might start to burn.

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Basics: Keeping subscriptions at a minimum

Subscription burn a lot of money over time. Money that I'd rather spent on something I like.

So here is a simple solution to it - "The subscription clean-up"

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The best things in life are free.


The best things in life are free. Never forget this.

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Good consumer debt?

Debt is common these days.

A lot of stuff is bought on credit cards and now seems to be the time to buy the car - because the interest rates are low.

One thing is still true though — If you buy something on debt, you can't afford it.

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Book Review: The Millionaire Next Door

The millionaire next door has a secret. He does not match your mental image of a millionaire. Not at all.

He doesn't own costly watches, he has a relatively cheap car. He doesn't have his house in a fancy neighborhood. His suit is just about average.

One might even mistake him for a pretty boring dude.

Maybe we are unwise to act like "the rich" - at least if we have absolutely no idea what that really means.

I highly recommend to read The millionaire next door. It will change your picture of how you become and stay rich.

Jack of all trades

Today our society tends to move more and more towards specialization. You can buy everything prefabricared and you are supposed to hyperspecialize in your job.

When it comes to your life, you should really consider if this makes sense for you.

Here are some examples, what we do on our own. Many examples are mundane - but that is just fine considering that many people can not boil an egg, without a special appliance.

We are our own chefs

Every morning we stand in our kitchen and prepare a meal tailoned exactly to our taste. Additionaly we have complete controll over all the ingredients - which is great since we both are on a special diet.

Its cheaper and healthier than to buy a meal every day - and best of all cooking is a skill and we are getting better and better.

We are barbers

Jupp. It probably doesnt look great, but this saves money and is relatively simple to learn.

For the ladies this is probably a bigger challenge - but it should save you gals even more money.

We are our own farmers

We have a little garden and are starting to grow our own food. I wont argue that this is cheaper in every case - it isnt - but its great to do it.

We build our own furniture

Some of our own furniture is hand-made. You really don't have to buy every piece of furniture. It's awesome to have some pieces custom made by you.

We repair our devices

If a device is broken, we try to fix it. Sometimes this is beyound us - but often it works.

What has this to do with retirement?

My point is - you don't have to buy everything. Use your money and save money to build the skills you want. You don't have to be perfect.

This is very rewarding right now.

As a retitree you will probably be very happy to be into knitting and soldering.

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