Coronavirus is a perfect example of why we should have an emergency fund. For those who don’t have an emergency fund, this will be a painful lesson. In a booming economy, it is not exciting to talk about emergency funds. We would much rather talk about investing in stocks, real estate or … [Read more...] about Emergency Fund in Financial Crisis
Myths, Statistics and What You Should Know About COVID-19
In this article we try to answer: When will things be back to normal? Who is at risk? What are the most common myths? Please note: I am not public health or medical professional. I usually write about personal finance or self-development. However, due to the fact that there is so much false … [Read more...] about Myths, Statistics and What You Should Know About COVID-19
7 Benefits of Reading Books and How to Read More
When I was in secondary school, I hated books. That was mostly because teachers told me what to read and I resisted (reading benefits were clearly unknown to me). However, when I started studying at university, a guest lecturer once said to me: “You can’t go to a job interview in finance if you … [Read more...] about 7 Benefits of Reading Books and How to Read More
The Benefits of Cycling: Burn Your Calories NOT Your Cash
Do You Want to Save Money, Have Better Health and Experience More Joy? Here Are 5 Benefits of Cycling That Will Help You Achieve That! When I graduated from university, I immediately bought a car to go to work. At the time, I never really considered cycling as a viable option. When someone … [Read more...] about The Benefits of Cycling: Burn Your Calories NOT Your Cash
No Sugar Challenge: How I Quit Sugar for 60 Days
How I managed to Cut Out Added Sugar and What Changed in my Life Sugar Consumption Over the past 50 years, sugar consumption has tripled worldwide. Especially in developed countries, where people often consume low-cost and highly processed food that contains large amounts of added … [Read more...] about No Sugar Challenge: How I Quit Sugar for 60 Days
Lifestyle Inflation: More Money, More Problems
What Is Lifestyle Inflation? Lifestyle inflation is when you increase your spending as your income goes up. In itself, lifestyle inflation is not a problem, but it becomes one when you increase your spending too fast relative to your income (excessive lifestyle inflation). It makes saving for … [Read more...] about Lifestyle Inflation: More Money, More Problems
Lending Money to Friends: 3 Real-Life Stories
What You Should Consider When Lending Money to Friends Lending money to friends (Monkey didn't get his money back) Lending money always has a risk. Once you lend your money, there is no guarantee that you will be paid back. The stakes are even higher when lending money to friends or family … [Read more...] about Lending Money to Friends: 3 Real-Life Stories
Living Without a Smartphone for Three Months
One day in March 2016 my smartphone just stopped working. I tried to reboot it but the screen never turned on again. It was a fairly new phone and I didn’t want to buy a new one right away. I was still at university at that time, doing my Masters. To save some money, I decided to postpone the … [Read more...] about Living Without a Smartphone for Three Months
How I Started Business at the Age of 15
I’ve always been interested in business. When I was 12, I started making and selling custom T-shirts, bracelets and soap, which I mostly sold to my relatives. A couple years later, my dad bought me some business/finance books and I read them all. At that moment, I knew that I would like to start … [Read more...] about How I Started Business at the Age of 15
Deep Work by Cal Newport: Summary with Comments
Foreword Deep Work by Cal Newport is a book about the science of productivity. The author argues that the best way to get meaningful work done is by working deeply - working in a distraction-free concentration that push your cognitive capabilities to the limit. If you want to create real value or … [Read more...] about Deep Work by Cal Newport: Summary with Comments