What is an Asset Allocation

Everyone who has ever thought of investing money in something might have thought about what to invest in. This is not an easy topic, as there are lots of possibilities. Having a target asset allocation is key. In this article, I will go into what asset allocation is and how you can come up with one yourself. In accounting, assets are things you own that have value. They are belongings you can liquidate, to turn them into cash. In other words, assets have a monetary value. Assets are the opposite of liabilities, things that cost money to operate, or debt…

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Fire the Belly 003

This is part three already of my new weekly health related post, Fire the Belly. Every week I will write an update on physical and mental health, sports, and food and how I fire up my belly to burn (pun intended) some fat. This week I’ve practiced all three jiu jitsu sessions I scheduled (well, I plan to do the third tomorrow) and lifted weights only once. Still, four out of six sessions is not bad!

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FI Score Test by Cashflow Cop

Becoming FI, or financially independent, is a huge accomplishment. The FI Score Test designed by Cashflow Cop is a nice tool to see where you are on this long road. I ran the test and these are the results! I took the test this week, and the results can be seen in the screen capture below. Apparently, I’m a special constablewhatever that might mean. At least I’m regarded as stable. I took my standard variables for a safe withdrawal rate of 3.5% combined with my current investments and expenses mean that I will be financially independent at age 41, which is…

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How Compound Interest Helps Young Investors

Compound interest helps young investors tremendously. You’ve probably read that somewhere before. But why is this, what makes compound interest so powerful? And why should you care if you’re young?

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Fire the Belly 002

This is part two of my new weekly health related post, Fire the Belly. Every week I will write an update on physical and mental health, sports, and food. This week was a though one. Every other week I travel abroad to a client, and this was the first week of my new schedule. I switched the travel days around and now I’m leaving Sunday night and returning Wednesday night. That for sure came in the way of some planned sports activities!

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DeGiro ETF Investing – an Ultimate Guide in 6 Steps

Making the most of your money in Europe has never been easier. There are plenty of platforms now you can use to invest with, my favourite one being DeGiro. In this article, I will guide you through DeGiro ETF investing.

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Increasing Income vs. Lowering Expenses – Which is Better?

In our community of financially savvy people, you’d think that it would be easy to agree on certain things. Nothing is farther from the truth. Take for example the discussion on increasing income vs lowering expenses.  It seems we can’t agree on which is better. So to end the discussion once and for all, here is my take on it!  In the end, what we are trying to do is to increase the gap between income and expenses. The gap is what we refer to as our savings, often expressed as a percentage and then called the savings rate. This…

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Fire the Belly 001

So, I’ve been playing with lifestyle-related posts for a while now. The reason is that the road to financial independence is boring. Man! The boring middle does exist! Anyway, lifestyle for me is about optimising your life, not just your finances, to enjoy FI even more. Fire the Belly is my new series about health. Being healthy should make it easier to enjoy your FI lifestyle instead of just being after the money. This might be weird on a personal finance blog, but it’s my site. Also, I see more and more bloggers write about their health so I can’t…

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Savings Are Still Relevant When You’re Investing

Even though I’m a big proponent of investing for financial independence, having a savings account always comes in handy. You can save for an emergency fund, or for a nice big vacation. Anyway, savings are still relevant. In his book “Set for Life”, Scott Trench talks about starting your path to financial freedom by saving up 25,000 dollars.  This money will provide you with options and opportunities. You don’t really have to invest much at this point. Just saving up a big pile of cold hard cash already helps you tremendously. Now, you don’t have to save 25k necessarily, but…

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Increase Your Income – 6 Ways

I have increased my income quite a lot over the past few years. This post will highlight how I did that by exploring the following 8 things I did to increase my income: Start working early in life Start working early in the day Work hard, being an over-achiever Switch jobs Socialise and make friends Run a side hustle

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