All posts filed under financial independence

How Much Does Your Time Cost?

Recently I’ve been wondering about the ever-increasing speed with which time passes. That wondering led me straight into a trap of re-visiting and re-thinking how much of my precious time I managed to waste on pointless activities. In reality, I chose to keep busy (lots of tasks to tick off on my to-do lists) for the sake of keeping busy, while creatively I was stuck. …

The Capsule Wardrobe Is Your Friend On The Way to Financial Independence

A capsule wardrobe is a small collection of clothes that easily complement one another, can be mixed and matched, and of course, represent your favourite pieces. Its goal is to minimise waste, save time while choosing what to wear, save money, and become more mindful and minimalistic with our fashion choices.  The number of items in a capsule wardrobe varies from 37 to 50; at least, …

The Fear of Missing Out

Our culture and economic system thrive financially on making people feel not good enough. Clever marketers and their campaigns will suggest that such an uncomfortable feeling can quickly “evaporate” if you only buy something that will instantly make you feel great. It doesn’t matter if you can or cannot afford to pay for it; a credit card with a healthy balance will open all the …

It’s Really Hard for Women to Be Financially Independent

Data and research and the everyday socio-political reality we live in prove that becoming financially independent is often an unreachable dream for women. Expectations of modern women are incredibly high, and support (I’m referring to both, financial and social support) in many countries is deficient, especially for working or single mothers. From the female perspective and experience having a job doesn’t automatically guaranty that we …

Why Cultural and Social Pressure Push Women into Spending?

From an early age, I was programmed to think and believe that a woman had to look good to be relevant and taken seriously in society and by society. The messaging was very clear to me, regardless whether a woman even planned to be in the public eye or not, most of her focus should be devoted to her looks. In short, she ought to …

What To Do With The Money You Earn?

For years I nurtured a belief that whatever I earn, it needs to be spent. In my naivety,I never thought that I should have invested the surplus, instead of consuming themoment it arrived in my bank account. I often wondered what I was going to buywith the extra money that was coming my way. For years I also thought I wasinvesting by dumping unlimited amounts …

Are You Throwing Your Money Down the Drain?

We all spend plenty on things that have no practical use or usefulness in our lives. I’ve recently wondered what small items/things people tend to buy a lot of while throwing their hard-earned money down the drain. This is the list I came up with, but if you have anything to add to it, please share. Cheap, mostly plastic, Christmas ornaments. This stuff drives me …

Debt Is Your Enemy

Whatever the banks or financial advisors tell you regarding accumulating debts, consumer debt has never been your friend. In fact, I would go as far as saying that personal debt is your mortal enemy that threatens to suck the happiness out of your life. In our culture of instant gratification, it’s easy to overspend and indulge yourself in excessive spending on unnecessary goods. If we …

The Power of Small Numbers

People often say that a cup of coffee costs only £3 and that’s nothing. Well, it’s rather incorrect. £0 is nothing, so let’s assume that £3 is not a massive amount of money. However, if you buy one cup of coffee every day (including the weekends), you will end up spending £21 a week, which equals to £1,095 a year, and that’s just for coffee. …

Why Mindset Matters on the Road to Financial Independence?

To make it out of the dungeons and become financially independent sooner rather than later, you will need to begin with shifting and adjusting your mindset. As with any life-changing strategy, it won’t happen overnight; you need time. In my case, I watched “The Minimalists” documentary years ago, and then I read Mr Money Mustache blog furiously in 2019. But it wasn’t until the national …