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 … [Read more...] about Lifestyle Inflation: More Money, More Problems
What You Should Consider When Lending Money to Friends 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 members - not … [Read more...] about Lending Money to Friends: 3 Real-Life Stories
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 … [Read more...] about Living Without a Smartphone for Three Months
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. … [Read more...] about How I Started Business at the Age of 15
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 … [Read more...] about Deep Work by Cal Newport: Summary with Comments
The general problem What car should I buy? This is a typical question at a time when owning a car has become a status symbol. Every day we can see ads that offer 0% down 0% APR car leases. Most of the ads are designed to target peoples’ desires … [Read more...] about What Car Should I Buy? Avoid Mistakes and Build Wealth
Should I have an emergency fund? The short answer is – yes! Every now and then we all face minor emergencies, such as car repair or veterinary costs. Sometimes we also face major emergencies, such as losing your job or divorce. Even though most of … [Read more...] about Should I Have an Emergency Fund?