Category: Wealthy’s opinion

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 […]

Beyond the 4% Rule: Navigating Early Retirement with Financial Wisdom

Are you dreaming of early retirement, eager to escape the daily grind and live life on your terms? It’s an exciting prospect, but it comes with its own set of challenges, especially when it comes to managing your finances. One concept that has gained widespread attention in the world of retirement planning is the “4% […]

The Power of Constant Optimization: Transforming Your Finances and Life

In a world of ever-evolving financial landscapes and changing personal circumstances, one principle stands out as a beacon of financial wisdom: constant optimization. Rooted in the idea of consistently improving your financial choices, this principle has the potential to transform your financial future and, by extension, your overall quality of life. The one who made […]

Achieving Financial Independence: Embracing Milestones and Pursuing Freedom

In the quest for financial independence, understanding the “why” is just as crucial as knowing the “how.” It’s a journey that demands dedication, patience, and a clear vision of the perks it brings. Let’s explore the profound reasons behind pursuing financial independence and how milestones along the way shape this transformative path. Why Pursue Financial […]