Get better at managing your money, one post at a time!
If you have Indian roots like me, the Fixed Deposit has been the go to investment advice passed on from Generations in our families. Even now questions like Should NRIs invest in Fixed Deposits, what are the bank rates for FDs for NRE accounts etc are common. In my book, I challenged the notion of…
As I write this post, the stock of FAANG company Netflix has fallen by 41% since its peak 3 months ago. More headlines are talking about the incoming Market Crash, some even call it the Superbubble. My own personal investments have taken a beating. Bitcoin and Crypto in general is in free-ish fall too. All…
When I launched my book Money First at the beginning of the year, apart from many encouraging comments I also recieved feedback on why should anyone listen to me. I am not Finance guru, I have hit no big money milestones (yet?). I understand this need to validate, and truth be told, critical thinking is…
Its been almost 6 months since I could scribble on the blog. It isn’t that I forgot my mission or I didn’t care about sharing any new details, life simply came in the way. There were things which required way more attention and time which I could not devote to Getting you to Financial Independence.…
There are far too many blog posts talking about what your ideal networth should be in your 30s, 40s and more. I do not find a good mathematical basis for it, some of us are late bloomers and others early. Today I found a study which gives actual baselines in Germany. The graph details out…
I have been asked to write about personal income taxes in Germany and the German tax system a few times. Things get complicated with taxes when you are an immigrant, like an NRI from India with income in India and work in Germany. How do you then pay taxes in Germany and file tax returns?…
A few months ago I had talked about my relationship with Money and how it has shaped my behaviour. Today I will ask you to think about why is money is not evil, and it brings access. Before we proceed, pause for a second and try answering: What do you feel about money? Keep the…
2020 has been a strange year, of many firsts for all of us. Here’s my big first time project: Writing a book! It is called MONEY FIRST, and I am very excited to share it with you! My book will answer questions like, How does banking work in Germany, how can I save on bank…
I have been quiet for the past few weeks, its for the lack of ideas and lack of structure in my life which kept me away. I went back to evaluate where my life was and where I need to be. This led me to write this post on the only money principles you need…
I am kicking off a new series on financial topics used in Germany. The first financial product that I would like to talk about is Rürup or Basis Rente (Rente in German means pension). We also explore common terms and their meaning to build up the concept of Rürup. Concept #1: What is altersvorsorge and Gesetzliche…
