Financial Advice Archive
Posted on October 02, 2019
The easiest way to become a millionaire is to save and invest – at least according to the book “Rich habits”. The text is based on interviews with 233 wealthy individuals and reveals what they did to become richer than the avarege. We can all learn from their answers!
Posted on September 25, 2019
The importance of self-discipline is not unknown for our readers, but how important is it exactly? JP Morgan has the exact numbers and they are clear. Poorly timed (probably emotion-based) decisions can hurt a lot.
Posted on September 04, 2019
Gold keeps breaking year-old records: just days ago it went over $1550 per ounce. This hasn’t happened since 10 September 2013. As prices are going higher, it becomes harder and harder to deny the importance of the precious metal in any well-diversified portfolio. This is the only instrument that’s kept its importance since the dawn of mankind.
Posted on July 24, 2019
The golden rule of saving money for retirement? We wrote about the 10% rule just last week. But what should you do with that money? That’s a different question, so let us walk you through some other (almost) universal truths!
Posted on July 17, 2019
“How much money should I save?” – the age-old question that is becoming more and more important as we get older. Now a new study gave us a super easy answer: 10% of your salary. That’s the amount that you should save every month to cut the chances of running out of money while retired. Let’s see why!