Whether you’re buying your first car or thinking about shifting to a new one, you may be torn between buying a big car and a small one. Before you do that, please consider whether you should not buy a car…
Yes, you read the title right. It’s not a metaphor for anything. Today, I actually threw out some old underwear. I understand that this information might not seem relevant for you, but stay with me. I had worn those boxers…
If you’re interested in saving money, retiring early and becoming financially independent, you’re in the right place. It may seem hard to save enough money to reach your financial goals – particularly when unexpected expenses come up – but with…
I often wonder whether I am living a minimalist life or not. My house is probably bigger than it should be, but there are a few other areas where I would say I am not a minimalist. I don’t spend…
I often get questions related to net worth. One of these common questions is: “how can I easily calculate my net worth?”. Well, it’s actually pretty straightforward. Our net worth can be used as a very useful tool to help…
As I have learned about investing and speak to others about it, I often notice people using saving and investing interchangeably. To me, there is a big difference between saving and investing. People often ask me how they can start…
We all know the two golden ingredients to speed up your journey towards financial independence. I’m talking about (in prioritized order): Save more money Earn more money My wife and I have improved both in the last five years. Our…
Emergencies, retirement, vacation, higher education – these are among the most popular reasons for saving. No matter what your reason is, are you saving your money the right way? There is a wrong way to stash your cash. The worst…
I live in Denmark where student loans aren’t as big a thing as in the US. However, people still graduate with loans. Nothing hurts more than to see people graduate with huge amounts of debt. Debt is an emergency and…
Working as a management consultant you get to try different types of projects in different industries. Over the past few weeks, I tried my first cost out project. If you are not familiar with the concept, it involves reducing costs…
