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Personal Post

Achtung! We can still fail to achieve Financial Independence

Let me state out this in the first sentence, “I am not an expert on this topic, I am fiddling around and will help you figure what I already know. I am not even 7% of my FI Target and I can still fail to achieve financial independence” But, I am confident that I will […]

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Post Progress Report Series

Savings Update – October 2019

Its that time of the month again, when we share our savings update! Last month we posted a savings rate of 45.7%, but as I had mentioned our savings rate is not as high in most months. Our savings update for our individual savings this month were: Earner Savings Rate Mr A 21.1% Mrs A […]

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Financial Planning Germany financial products Index Funds and Stocks Post

What is a Sparplan? What is Mr A really doing with his Sparplan?

Sparplan (I am so tempted to add a meme on this is SPARtaa..) is the way out of automatically managing your investments each month. It is an equivalent of a SIP (Systematic Investment Plan) if you are an Indian investor. ….when I login to my bank account, I notice two options, geldsparplan and wertpapiersparplan. What […]

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Financial Planning Personal Post

Financial Independence is worthwhile for me, you and everybody. Period.

Have you come across internet posts which label the FIRE movement as a cult, or how meaningless life will be if you retire at 40, or how FIRE is all about those people who hate their jobs? My answer to them all is Nein, Nein Nein! Financial Independence (sans retirement) is a worthwhile pursuit meant […]

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Post Progress Report

Savings Update – Sep 2019

Time for our first savings update, we had been trying to be more efficient for a few months now but it was to complicated too calculate for many reasons. As a result, its only in September that we are able to properly do it. One important rider, we weren’t super frugal, we still ate our […]

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My Money Mistakes Personal Post Series

My Money Mistakes – 2019 edition

While we are on the topic of my relationship with money, I would kick start the series of My Money Mistakes and make it an annual edition. The year is yet to close, but I think I have already done the worst ones. Each year I make stupid money mistakes, which I mentally tag into […]

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Personal Post

Decoding my relationship with money

The reason behind sharing this personal story is to decode my relationship with money, this post also puts out into public the story of family’s struggles over the years. As mentioned in About Me, I am from India, my parents continue to live in India. Born into a relatively wealthy family, my father opted out […]

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Book Review Financial Planning Post

Book Review: Playing with FIRE

Playing with FIRE (Financial Independence Retire Early) is a book by Scott Rieckens. I picked this up over the weekend after looking at the trailer of the documentary of the same name. The book (and the documentary) takes us on the 1st year FIRE journey with Scott and Taylor. It covers their journey from living […]

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Financial Planning Post

Maserati dreams for Financial Independence dreamers?

Fridays are usually more relaxed than most days, and I often take my toddler to his day care (KiTA), we take a public transport street tram to a stop 12 minutes away, and then depending on his mood and weather, its either a stroller or his laufrad (walking bike) for the last 6-8 minutes. Last […]

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Post

How rich or poor are you in Germany?

Yesterday I visited a the website of Der Speigel, this news website has an active finance section, and it has come up with a Survey which allows you to check how rich or poor does your income make you in Germany. This is based on a survey conducted since 1984, with over 14000 households and […]