Tag Archives: Financial Independence

(Disclosure: Some of the links below may be affiliate links) Many people are saying that I make FIRE and early retirement look too simple. And many people are falling into the trap of believing that retiring early is easy. I want to delve into that important subject. For me, retiring early is simple, there is no doubt. However, it is not easy! The difference is fundamental. And there are no secrets to getting to FIRE. You need to focus your efforts on that goal. And...

(Disclosure: Some of the links below may be affiliate links) Many people are saying that I make FIRE and early retirement look too simple. And many people are falling into the trap of believing that retiring early is easy. I want to delve into that important subject. For me, retiring early is simple. There is no doubt. However, it is not easy! The difference is fundamental. And there are no secrets to getting to FIRE. You need to focus your efforts on that goal. And how much effort you are...

(Disclosure: Some of the links below may be affiliate links) Having a personal finance routine can help save time and money! For a lot of people, having a strict routine will help them remember essential things. It is the case for me. Each month, I am following the same personal finance routine for my budget. In this article, I am going to describe the steps I am doing every month. It is great to have a routine. It helps you get more efficient, and like this, you do...

(Disclosure: Some of the links below may be affiliate links) A widespread misconception about the Trinity Study is that people believe that they will withdraw 4% of the current portfolio. If the portfolio is worth 1’000’000 USD this year, they can withdraw 4% of it, 40’000 USD. But in reality, the withdrawal is based on the initial portfolio at the time of retirement. If you start with 800’000 USD, you can withdraw 32’000 USD of it. And then, you adjust the withdrawal every year for...

(Disclosure: Some of the links below may be affiliate links) I have recently done simulations of how often you should invest to maximize your gains. And I thought that it would also be interesting to simulate how often we should withdraw money from the portfolio while in retirement. If you are retired and living from your portfolio, you will have to withdraw money from the portfolio to pay for your expenses. For this, you have to sell shares and use the proceeds to live. But how often...

(Disclosure: Some of the links below may be affiliate links) We have already covered a lot on the subject of Financial Independence (FI). However, we need to go into more detail about the FI Number. Your FI Number is an essential Personal Finance Metric. Your FI number will tell you how much money you need to be financially independent or retire. It is essential to know this number precisely if you want to see where you stand in your journey towards Financial Freedom. It sounds...

(Disclosure: Some of the links below may be affiliate links) There are three main axes of personal finance: your expenses, your income, and investing. These axes are the ones on which you can work to improve your personal finance. In the end, you want to improve your wealth or improve your state of living. Whether you want to retire early or afford an expensive vacation to Hawaii, you can work on these three axes. In this article, we will see what you can do to improve your financial...

(Disclosure: Some of the links below may be affiliate links) In Switzerland, you can make a voluntary contribution to your second pillar. These contributions come with some tax advantages since you can deduct that from your income. Therefore, you have a return equal to your marginal tax rate. And this return is almost instant. However, the money is then blocked into the second pillar. And the returns on that blocked money have been very low in recent years. Finally, you can only withdraw...

(Disclosure: Some of the links below may be affiliate links) If you are interested in personal finance, you probably have come across the concept of emergency funds. An emergency fund is simply some money available directly that you can use for emergencies. Most people will advise you to get such an account. And they will insist heavily on this subject. It is an interesting subject since not everybody agrees on the importance of the emergency fund. Some people have an emergency fund that...

If you are interested in personal finance, you probably have come across the concept of emergency funds. An emergency fund is simply some money available directly that you can use for emergencies. Most people will advise you to get such an account. And they will insist heavily on this subject. It is an interesting subject since not everybody agrees on the importance of the emergency fund. Some people have an emergency fund that can cover one year of expenses. And...