In December 2019 a friend of mine started shorting S&P 500 by buying put options (he had no previous experience with options trading). In other words, he was betting that the US stock market will go down. He believed that COVID-19 will spread around the world and the US economy and the stock … [Read more...] about How to Lose $150K in One Week in the Stock Market
75 Great Life Lessons From Books I Wish I Had Read a Long Time Ago
I highly recommend you reading these books and forming your own opinions. However, if you don't have the time to read all of them, at least you can check the quotes that I have written down. I am sure you may find many more and different quotes if you read these books yourself. Many of these … [Read more...] about 75 Great Life Lessons From Books I Wish I Had Read a Long Time Ago
Why “Follow Your Passion” Is Bad Career Advice
When I was 16, I had a real dilemma regarding the choice of my career. Should I continue running the business that I started when I was 15? Should I follow my passion and study filmmaking? Or, should I abandon both ideas and study finance instead to earn more money? It was difficult to choose … [Read more...] about Why “Follow Your Passion” Is Bad Career Advice
My First Real Estate Passive Income
Many people talk about real estate passive income, without actually investing their own money. I've always been interested in buying my own rental property so I decided to find out if real estate can indeed be a great passive income investment. This story will show the complete process of how I … [Read more...] about My First Real Estate Passive Income
Emergency Fund in Financial Crisis
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