You Need a Budget – YNAB (part 1)

You need a budget, yes you do! Read my new article on how I use YNAB to budget without feeling restrained. You can find the article here.

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September 2018 financial overview

We’re well into October 2018 already, so here’s my financial and personal overview of September! Finances Financially speaking, September was not a really good month. My savings rate was quite low, since I replaced my laptop. As an almost religious YNAB follower I saved up for the replacement, but still it’s quite a bit of money out of pocket. My year to date savings rate is still 41.2%, so slightly above my 40% target. The outlook for next month’s savings rate is also not really good, as HR messed up my pay check for September by not withholding enough taxes….

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How My Colleague Lost 400,000 With This Financial Decision

Good morning! Not all good decisions are the best decisions. Paying down loans is generally considered a good thing, and I agree. However, my colleague chose to pay off his house early, and that will cost him 400,000 in the next 30 years. Ouch! This case study will investigate whether he could have better invested this extra money instead of throwing it at his mortgage. It will look at the financial pros and cons and then conclude not only with the financial results, but also qualitative arguments like peace of mind. Read the full article here on Fire The Boss….

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Why I Wake Up Early, and 5 Reasons You Should Too

Some people like to sleep in all day, others like to wake up early and get things done. I’m in the latter category. Waking up early give you tons of opportunities. You can study, workout, meditate, work on your side hustle, you name it. Do you wake up super early? Read the full article here.

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Debt Strategy: Debt Snowball vs Debt Avalanche

When you decided that you want to get out of debt, you have to decide on a debt strategy. Two options are the debt snowball and the debt avalanche. In this post, I dive deep into both strategies, exposing the pros and cons. I do so with the help of Jeff, a guy in a lot of debt. Read the full post here. Best, B

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Why I Decided To Remove Bonds From My Portfolio

Most people that invest (not a lot actually do invest!) are putting their money in a mix of stocks and bonds. Bonds are generally considered a more safe investment. I completely removed bonds from my portfolio this year. The reasons are simple: Volatility doesn’t scare me, I don’t need the money to live on right now With a very long horizon (60 years) bonds are way riskier, because they tend to return less I rebalance using my cash that is saved up for a real estate Do you invest in bonds? Read the full article here. Best, B

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My 4 Pillars For A Financial Independence Lifestyle

Financial independence is as much about lifestyle design as it is about money. In this post, I try to decompose my lifestyle guidelines to show how I choose to live my life. It is about drive, health, being a good person, and having a purpose in life. Read the full article here. Best, B

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Why Real Estate Owners Have a Higher Net Worth

On average, most people who own real estate have a higher net worth than their renter peers. So why is it that home owners and landlords have more wealth, even if it’s tied up in bricks? The reason is inflation and the use of leverage in the form of a mortgage. Since real estate is appreciating roughly in pace with inflation, homes become more valuable while you put down a small percentage of the value of a home. To get even, renters have to get raises that outpace inflation by 10-15X. That’s not going to happen. Own your real estate….

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Should I Pay Off Debt or Invest?

There are ample reasons to prioritise debt payments over investments. There are an equal amount of reasons to invest instead of paying down your debts. The answer probably lies somewhere in the middle, as usual. For some (Dave Ramsey), paying off debt is all that matters. For others, investing it is. I think differently. My thoughts are that you should work on building your net worth by getting rid of toxic debt, and then build your nest egg by investing very aggressively when you’re young. When you start approaching your early retirement, there’s nothing wrong with paying off more loans…

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Refinancing My Apartment to Lower Interest Payments

Interest rates are at historical lows in Europe. You can get mortgage rates for as low as 0.9% in some countries! If you are at a higher rate, it might make sense to shop around and refinance. I recently refinanced my mortgage into a 6 year term, 1.40% fixed interest rate (before deductions!). That’s amazing. Effectively it is a free loan to me, taking into account tax deductions and inflation.

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