I am a passive investor who is a big believer in letting money work while we focus on getting more out of our lives (both personal and work). Therefore I think the time has come to write what characteristics to keep in mind when we have to choose the right ETF, with hundreds of ETFs […]
Author: Wealthy
Wealthy’s Goals (By Years)
Hey there! Welcome to my little corner of the internet. I’m Wealthy, and this right here is where I put down my financial goals and dreams. Think of it as my personal finance diary, and I’m stoked that you’re here to check it out. 2024 Wealthy’s Goals 1: Retirement Savings 2: Investment Portfolio 3: Charitable […]
How to Save Money on Car Ownership: Understanding the Costs
When it comes to personal finances, one area that often gets overlooked is the cost of owning and maintaining a car. While having a car provides convenience and mobility, it can also drain your wallet if you’re not careful. In this post, we’ll explore the various costs associated with car ownership and share practical tips […]
Frugal vs Cheap: Understanding the Difference
In the world of personal finance and budgeting, the terms “frugal” and “cheap” are often used interchangeably, but they represent two distinct approaches to managing money. While both aim at saving money, the underlying philosophy and long-term consequences of each approach differ significantly. In this post, we will delve into the differences between being frugal […]
Wealth Advices: The Obvious Principles of Financial Success
In a world where financial success can feel like an elusive dream, the “Wealth Advices” I’ll tell you in this post can be the keys to unlock your financial potential. Whether you’re just starting or looking to enhance your financial strategies, these advices provide valuable insights into savings, investments, debt management, and more. Join us […]
How Much Money Do You Save by Cooking at Home?
In today’s fast-paced world, convenience often takes precedence, and this extends to our eating habits. With busy schedules and numerous commitments, many of us find it tempting to rely on takeout or dining out. However, if your takeout bills are starting to put a strain on your budget, it might be time to consider a […]
Unlocking Your Commute’s Hidden Potential: How to Make Every Minute Productive
Commuting – for many, it’s an unavoidable part of daily life, but how to make it more productive? We often view it as time wasted, trapped in a car or public transport, battling traffic or enduring packed trains. But what if we told you that your commute could become a valuable and productive part of […]
Mortgage vs Rent Calculator: Choose Your Financial Path
I have created the final Mortgage vs Rent Calculator, use it for your wealth! Hi! Are you ready for a new in-depth look at the mortgage/rental dilemma? In my previous post, we looked at the conflicting views between homeowners and renters. Landlords emphasize how renting is “throwing money away,” while renters argue that a house […]
Applying Pareto to Household Expenses
The quest for financial stability and prosperity often begins at home, quite literally. A typical household worldwide typically juggles three major expenses that dominate the monthly budget: housing, transportation, and food. The most successful actions are those that impact the final results in a predominant way.For this reason, as the Pareto rule teaches us, it […]
ETFs: Unraveling the Importance of Tracking Difference, Tracking Error, and TER
Exchange Traded Funds (ETFs) have revolutionized the investment landscape, providing investors with an efficient and accessible way to gain exposure to a diverse range of assets. These passive investment vehicles are designed to replicate the performance of an underlying benchmark index. However, achieving perfect alignment with the index is a complex task due to factors […]