One Step At A Time.

The long road to financial independence.

Tag: retirement (page 1 of 2)

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.

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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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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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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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.

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

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