Ideas on Personal Finance
Most people are good at only a handful of things; and mediocre to utterly miserable at the rest. All our lives we are told to improve ourselves by working on our weaknesses. But when it comes to Financial Independence (FI), I have found this approach to be counterproductive. There are many ways to achieve financial … Read more
It is common to see headlines like “Inflation hits multi-decade high” or “Unless your salary goes up 8.5%, you are losing money”. While these headlines grab attention, they may not be relevant to you. Everyone’s inflation rate is different. The overall inflation rate is 8.5%, which is the average for everyone. Your rate could be … Read more
View post to subscribe to site newsletter.
For some Finer readers who like to listen to podcasts, one of my articles was featured in the Optimal Finance Daily podcast. Please click here to listen online or click here to listen on the Apple Podcast app or search for “Optimal Finance Daily” in your podcast app (Episode 1,860). For those of us who … Read more
Inflation means things get more expensive. We are seeing everything go up in price – from everyday items like groceries to cars and houses. Inflation is like the weather – everyone loves to talk about it, but no one can really do much about it. Governments worldwide, all-powerful central banks, and business leaders are all … Read more
The Millionaire Next Door is a book written by two authors based on their interviews with several millionaires. It details the common traits of millionaires and contains anecdotes from the interviews. Although the book is a bit long and a bit dated, it is a must-read for all personal finance enthusiasts. Many books talk about … Read more
A walk amongst the wealthy… A small change in our normal, daily routine can sometimes lead to a big discovery. On an unusually pleasant summer day, MrsFiner and I were taking our usual evening walk. Feeling a bit adventurous, we went farther than we usually do. As we strolled through the new neighborhood, a magnificent … Read more
The simple difference between working for money and having money work for you can be the difference between being poor or becoming wealthy! It’s your lucky day… Someone comes up to you and offers to make money for you. Even better, they expect nothing from you! Initially, you think that it is a joke. But … Read more
The real cost of an item is not just the number that appears on the price tag. The Real Cost Before buying anything, it is important to know the cost of that item. Not the amount etched on the price tag, but the actual cost. The actual cost to you! The philosopher Thoreau said: The … Read more
This article is part of the My FI Journey series – click here to access the full journey. Shifting Focus I am now focusing on Saving in addition to Investing. As any good consultant knows, you cannot improve something if you don’t measure it. So we keep track of every single Finer household purchase for a month. At … Read more
Saving on utilities is easy and can lead to huge savings over time. Here are a few tips for saving money on utilities that I have used. Why Saving on Utilities Matters? Utilities are often an ignored expense area. Maybe because we take things like electricity, water, gas, internet, etc., for granted. However, it can … Read more