On saving money and investing (views of Independent Trader)
Category: financial education
What are real assets according to Robert Kiyosaki?
Cosa sono i beni reali secondo Robert Kiyosaki? (This post is in English and Italian) I am currently reading Robert Kiyosaki's financial guide, its English title is 'Rich Dad, Poor Dad'. In this book, the author presents his own understanding of the terms 'assets' and 'liabilities'. He himself learned what they mean from his 'rich … Continue reading What are real assets according to Robert Kiyosaki?
I am convinced that almost every person dreams of being rich…
Jsem přesvědčen, že téměř každý člověk sní o tom, že bude bohatý... (This post is in English and Czech) I am convinced that almost every person dreams of being rich, or at least to have enough for the necessities, to not have to cut back on their spending. We dream of a prosperous life, and … Continue reading I am convinced that almost every person dreams of being rich…
“In recent years, sociologists have learned a great deal about happiness.”
"In recent years, sociologists have learned a lot about happiness. Their best source of knowledge in Europe is the Eurobarometer research programme, (…). Once a year, its staff ask a thousand inhabitants from each European country how happy they are. (…) The survey has been running for more than 40 years. (…) Perhaps most interestingly, money alone does not bring joy. (…)"
About the worst way to make money
Some people say that the worst way to earn money is the so-called exchange of working time for money (cash). For example, if you work in an office or school, you are paid a certain salary per month.
Comment on Milton and Rose Friedman’s book “Free to Choose: A Personal Statement”.
Commento al libro di Milton e Rose Friedman "Free to Choose: A Personal Statement". (This post is in English and Italian) Today I bought the book mentioned in the title of this post. It seems very interesting, especially for those interested in economics and education / financial intelligence. Oggi ho acquistato il libro citato nel … Continue reading Comment on Milton and Rose Friedman’s book “Free to Choose: A Personal Statement”.
The second passage from my second book entitled “DARE TO CREATE THE LIFE YOU WANT”
The second passage from my second book entitled "DARE TO CREATE THE LIFE YOU WANT" (a passage on work life and finances).
Don’t spend all the money you earn (financial sphere).
The habit of systematically saving money is important if you want to be financially independent (e.g. from the state); I don't know about pension systems in other countries, but I know a bit about the pension system in Poland and I can say that the situation of pensioners in 20 or 30 years will not be very optimistic.
Will 10 percent of your income saved for 20 years be enough for your private pension?
If you intend to have an adequate and sufficient amount in your account (and/or other forms of assets) when you retire, it is recommended that you save 10 percent of your income for this purpose. This amount per month is for you to decide, it depends on your retirement needs.It happens (in my opinion) quite … Continue reading Will 10 percent of your income saved for 20 years be enough for your private pension?
Something about Gary Vaynerchuk, Neil Patel, and the difference between price and value (three topics in total in one post).
Something about Gary Vaynerchuk, Neil Patel, and the difference between price and value (three topics in total in one post).
DARE TO LIVE 