How I Manage My Finances During This Crisis

For many years, I did not attach any importance to my cash savings in general and was a big spender. I was betting on my future income to create my cash savings. Obviously, this all changed a year ago when my spouse and I decided to be active in how we manager our money. I want to emphasis on her and her will to have a substantial amount of cash. What a great idea she had, especially today during this crisis.

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Frugalism Might Ruin Your Long Term Plan

As stated in my earliest articles, my wife and I decided to not be absolute frugal people. I am personally against this approach to life and believe sometimes frugalism might ruin your long term plan.

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How To Increase Your Savings

Switzerland is regularly placed in the top 5 most expensive countries. However, I would argue salaries are aligned with incurred cost compared to other countries.

Truth is, wherever you are (in main Western countries), the biggest spending in your budget are housing, insurances (including medial), transportation and food.

I strongly believe in the 20/80 principle: create 80% of the performance with 20% of the total effort. Therefore, if you want to decrease your spending, start by addressing the key elements previously mentioned. After all, if you are reading me, you are not the highest spender in clothing, restaurants and jewelry. Right? 😉

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Investing For Your Future

The recipe to beat the normal retirement path is to obtain the money you fell comfortable to retire before the official age of retirement (65 years old for men in Switzerland as of December 2019). Let’s see how we can do this.

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My Road to Financial Enjoyment

As my wife and I were travelling across Vietnam in March 2019, we both realized how quickly life goes on. We both agreed that following the classic corporate job role for all our life would not make us happy and decided to jointly work towards increasing our flexibility to choose when to work and for who.

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