When you start investing, you need to have a plan. How much of your money do you put into different asset classes? Answering this question leads to your asset allocation. It should be describing how you want to split your money between the 3 main asset classes: Equity // Fixed Income // Cash equivalents The … Asset allocation
Rich people usually do not have tons of money in their bank accounts but they own a lot of assets. Net worth is the number that is describing how wealthy a person is: Net Worth = Assets – Liabilities Your assets are everything you own that has value. Your liabilities is everything that you owe … Assets, Liabilities and Net Worth
It is 2020 when I write this. In parts of the world people are dying of hunger and thirst. Those people are mainly investing in clean water and food to survive the next day. If you have a lot of money please help them to buy more food and have more clean water. I was … How to invest your money – the long version
Before listening to any financial advice, think twice about it. It might be a scam (including this post). If you did not leave yet and are still reading, here is my guideline for people who do not want to spend any time learning about investing, but still want to invest: Invest 60% of your money … How to invest your money – the short version
How much money you are spending is one of the two key variables if you want to have more money (see Manifesto). You can’t manage, what you don’t measure. The first step to spending less money is: Know how much and on what you are spending money. If you do not know what you are … How to spend less money
How much money you are earning is one of the two key variables if you want to have more money (see Manifesto). To earn money you need to: Have things that other people are willing to give you money for. What can those things be? If you are working as an employee in a company … How to earn more money
Money is an agreement within a community of people and it is mostly used as a medium of exchange or to store value. This agreement allows people to use money to pay for goods and services. The value of money is determined by the amount of goods or services that the community agrees on it … What is money?
We are in 2020, when I write this. The common opinion for most of our population is, that money is a very complicated thing. In my opinion money is a solved problem. To have more money you need to: Earn more money, than you spend. This leaves only two variables in the equation. If you … Manifesto