There are two enormous pitfalls (among others) when trying to save money, one of them are positional goods, the other is lifestyle inflation. Lifestyle inflation, is when, upon increasing our income, we increase our expenses “because now we can afford it” often, increase the expenses more than the income. So one buys a bigger car, … Continue reading The more you buy the happier you’ll be (or not) – Positional goods
Housing is probably the biggest expense most people have, it is my biggest expense at least, and there is high probability that it is also yours. So, when choosing housing, one needs to carefully consider the wants and needs, as a small percentage in savings can represent a HUGE saving long term. I owe this … Continue reading How to become financial independent by cutting your housing costs
It has been a few years since I discovered the current of people striving to become financial independent, the goal of many of these people is to not need to work any more in their life. If that sounds interesting to you, keep reading. People who are financial independent, continue to work in one thing … Continue reading What is Financial independence, and how to get started
It is quite funny, or tragic, the way many people in the developed world choose to live their lives (me included). We work, making a lot of money for the owners of both big and small companies, and also, some money for ourselves. We exchange labour for capital. We work a lot for some money, … Continue reading Is consumerism the way to go?
When was the last time you exercised? Or made and effort that forced you to breath heavily and your heart rate increase? I hope it was recently, but you will have to agree that this is not the case in the great majority of people living in the western society. You probably know at someone … Continue reading Becoming a human being
When we talk about financial independence, we are not talking about becoming a millionaire and be able to own big houses and fancy cars and not worry about money while spending as much as one wants. This for the most of us is impossible, and it does not necessarily bring happiness. That is why I … Continue reading Stoicisim