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 …
It is the million dollar question. How can I spend less without losing quality of life? I tell you what works for me. Spend consciously I am not a frugal person by nature but I do not like the feeling of spending for the sake of it. Let’s say that …
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 …
We had decided that we wanted to achieve financial independence. But where to start? This is what we did. 1. Learn about financial independence. Understand basic investment tools. -Our goal is not to be professional investors and make a living with it. But it is important to understand enough to …
Many people think that negotiating is a mystery, a hidden art. They think that an expert is able to to get amazing deals such as doubling his salary or buying a car for half the advertised price. Simplifying a negotiation From what I have seen, reality is very different. Nobody …
I grew up thinking so. Nobody told me directly, but everything in my environment led me to think that. At home we would not discuss money and there was a no investment profile, if we were to have any it would be extremely conservative. But saying we didn’t have was …
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 …
From saving for the sake of it… The first time Mr Lyn mentioned the concept of Financial Independence I saw it as an utopy. He talked about Frugal Woods, Mr Money Moustache and many others that had already reached FI. They had retired in their 30s or early 40s and …
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 …
Last April we started our path to FI and we already see so many changes. On the one hand, changes in our personal finance We are more focused on saving and investing wisely. We listen to podcasts like Choose FI and read different blogs about personal finance and financial independence. …
