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.Continue reading “How I Manage My Finances During This Crisis”
This update is also published a bit late (end of March 2020) but is important. In February, the COVID-19 had an outbreak in Europe, and Italy put the country in lockdown in the end of February. This decisions, which was also followed by other major europeans countries, had a dramatic effect and marked the start of a bear financial market for stocks.Continue reading “Net Worth Update #02: February 2020 – Before the storm”
// This article was written in very early February but only published mid-March 2020. Sorry for this delay. I have not touched the text of evolution and expectations for each wealth category. Things have since drastically changed.
Friends, today is the first edition of the upcoming monthly Net Worth Updates! January 2020, how did we do?
This month was not planned to be a great from a saving perspective. Between Christmas with the families (travelling and buying presents), new tires for the new car, and random activities to enjoy the 2-week break this was not expected to end with good results.
But we are following the “fat” FIRE mindset and therefore we enjoy ourselves from time to time. Let’s get to the numbers.Continue reading “#01 Net Worth Update: January 2020 – The Beginning”