One Step At A Time.

The long road to financial independence.

Tag: millionaire

Book Review: The Wealthy Barber

wealthy_barber

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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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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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.

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