The bleak economic situation that stems from the housing crisis, soaring food prices, shortages of supplies of everything, stagnated wages, and interest rates going through the roof (at least in the UK) got me wondering how one could start on the path to financial freedom in 2023. Taking into consideration the political, economic, social and environmental upheavals we have been going through since the pandemic …
All posts tagged: financial freedom
What Does the 4% Withdrawal Rule Mean?
Wikipedia says “The 4% refers to the portion of the portfolio withdrawn during the first year (of retirement); it is assumed that the portion withdrawn in subsequent years will increase with the consumer price index (CPI) to keep pace with the cost of living.” Your investments will pay dividends and appreciate in price over time on average at 7% per year before inflation. The inflation rate …
Improve Your Life Through Mastering Personal Finance
Since I started my journey towards financial mastering, I discovered that mastering personal finance has a lot to do with finding your true self. Learning about investments and financial independence set me on the road to sort out and face all my unresolved issues around finances I’ve had for years. Thinking about and recording my spending allowed me to see how much money I spent …
Would I Buy This Item If It Weren’t on Sale?
Recently I’ve been wondering about buying stuff that isn’t on sale. Well, in reality I almost never buy anything for myself that has a full price tag attached; with kids is a different story and we buy what they need. However, I started questioning this habit of mine and begun asking myself if I need to buy something/anything at all, regardless if it’s on sale …
Unlearning the Bad Habits
Picking up bad habits is soooo easy, as is falling back to default, often dangerously destructive ways. Eating sweets or junk food is a bad habit. I’ve never been a fan of junk food but sweets, ooooh that I can eat. Especially when I feel tired or restless (maybe that’s why I work so much, hmmm… something to think about). The only way that I …
The Power of Small Numbers
The Road to Freedom
Ever since I can remember, I wanted to be free to do whatever I wanted to do. If you had asked my dad, he would surely tell you that I always did whatever I wanted to do. Well, at least I tried… thanks, dad. When I search deep inside my soul, I know that having the freedom to do what I dreamt of doing was always …