Who hasn’t thought what to do with the prize? “Buy a sports car, a house on the beach, spend two months in the Caribbean, …” Think for a moment, what your life would look like? After you have showed your friends your new car and you have spent the first …
In the first part of this article we saw an example of planning for retirement. Teresa spent the same for many years and retired around age 55. What if I don’t want to keep my expenses constant? We said that Teresa spent the same throughout her life. In theory, the …
There are many variables in planning for retirement. Which makes it difficult to plan without doing some specific numbers. So I’ve decided to do a very simplified example in Spain and see the results. An example of how to calculate your FI number Meet Teresa. She has just graduated from …
You will not find happiness in your next job “My job is terrible, but I’m hoping to be promoted to superbossofwhatever“. I’m sure you’ve heard or said some variation of this sentence. It is pure aspiration. The person that says this already identifies more with his next position than with …
Have you ever bought something that has turned out to be a black hole of money? Despite having bought it a long time ago, you still need to spend and spend on it? For some reason, when we want to buy something we see the purchase price as our final …
Working towards financial independence is based on increasing income, reducing expenses and investing wisely. The base is simple, but depending on your personal situation the decisions to achieve it can be very complex. Optimising for one of them have has an impact on the others. Furthermore, timing is also an …
This question is so atypical that many people have not even considered that number exists. In Spain, the public pension has been for years the key factor for retirement. Basically, you live with what whatever pension you get. If you get more you probably spend more. If you get less, …
