Not familiar with FIRE? Read the article on Financial Independence, Retire Early. Estimating how much you need to retire early can be tricky. Research on this topic was conducted in the “Trinity Study” which showed that a person can calculate how much they need to retire by dividing annual expenses by 4%. The 4% is […]
26
Sep
Sep
. There are so many ways to get a better vacation without spending extra. Below I have summarised some of the ways you can travel in style while also saving money. Save on insurance for rental cars Depending on your credit card provider or financial institute you may be able to add insurance coverage for […]
22
Sep
Sep
The 10% rule refers to putting aside 10% of your income towards savings whether this is for your pension or emergency reserve fund. This rule refers to the net income, the amount left after taxes have been deducted on your payslip. On a net income of 2,500 the 10% amount will be 250 (2,500 * […]
10
Sep
Sep
There is a number of ways that you could save more money. Some are easy to do while others require a higher sacrifice. Review Subscriptions Make a list of all subscriptions you currently have. Have you forgotten some of the subscriptions you are still paying for? Cancelling unused subscriptions or those that you no longer […]
05
Sep
Sep
There are many ways you can reduce your debt load. One of them being the snowball approach. The idea behind this approach is to reduce the number of debts you hold. Thereby simplifying how many you need to pay. This differs from the approach I wrote about in the article Save on Interest and Pay […]
06
Aug
Aug
It is important to understand that the following key figures mentioned in this article may vary and that it is therefore not possible to directly compare key figures from company A with company B if they operate in separate industries. The 3 key figures will often be at a higher level for companies in industries […]
01
Aug
Aug
Why not blindly trust the reports and course objectives that are published? And what psychological thoughts should one ask oneself when reading these? Comes with examples of how one should relate to course targets. The psychological game that is a must when interpreting a new price target or stock coverage. Buy, does it mean buy […]
24
Jul
Jul
How much do I need to retire? This depends on a number of factors including the expected number of years in retirement and expenses to cover the quality of life you seek in retirement. A conversation with your financial advisor is highly recommended to cover this in detail. The Half Your Age rule is frequently […]
21
Jul
Jul
Credit card debt is usually the single largest expense for individual with debt. Balances on credit cards generally attract that highest interest relative to other types of debt. Interest rates vary greatly and can be as low as 10% and as high as 59% APR. For individual that always pay the balance of their credit […]
15
Jul
Jul
There are many ways to boost your income and below is an attempt to outline some of these. Pay rise and benefits Assuming you already have a job, consider what could help you achieve a pay rise or benefits that can reduce your personal expenses. An quick example of a workplace benefit is health and […]