Everybody wants to be rich and nobody cares about cash flow. Usually discussions about being wealthy, retirement whenever one wants or financial freedom are about overall wealth and never about passive cash flow (= passive income based on dividends). However, in the beginning of the journey to personal financial freedom it is far more important
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We are talking a lot about expenses in this blog. So it is definitely interesting to have a look at new purchases in general and more specifically certain very common types of purchases that affect your personal finances. One major purchase that many of you will have is buying a car. There might be many
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Consumerism is evil. You know this already. Nevertheless, sometimes you have to buy items for everyday life. One of the most expensive items that all of us need today is a smartphone. Of course, the super-savers or so called frugal people will say that it is not true. Nobody needs a smartphone. But let us
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So far, we assumed that you have one regular income as an employee. But that is of course very unreliable. It is better to have many sources of income. And it is even better to get money without having to do something for it, also known as passive income. There are basically two different kinds
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Buying stuff is fun. Of course it is. But it is not source of happiness. At least it should not be. And if it is a source of happiness for you, maybe it is time to change that. If you want to become a financial unicorn and a real member of the financial unicorns club,
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One difficulty with evaluating the monthly expenses is often cash expenses, meaning stuff you pay cash. If you buy stuff with cash in a supermarket you can of course collect all the receipts and keep them at home in a box. At the end of every month you can then add together all the numbers
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