Design your Financial Freedom

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Ten BIG MISTAKES when investing in rental property (part 2)

Ten BIG MISTAKES investing in rental property 2

One of the most common and interesting ways to invest your money is to buy real estate. In part one of this blog article, we shared the first five big mistakes when investing in rental property. In this article, we complete the list with the other five of the ten big mistakes when investing in rental property. How to invest in rental property? In just five years, we were able to build a small but sufficient real estate portfolio. We currently rent out two properties to students. Each house has three separate rooms, which are occupied by a student. We […]

Living on a weekly budget of only 100 Dollars

Living on a WEEKLY BUDGET of only 100 Dollars

One of the best ways to realize your dream is to save enough money and to spend as little as possible on things that are not directly contributing to your dream. Saving costs by minimizing your daily expenses is the way to go if you are looking for a growing bank account. Although this is quite obvious, it can be very hard to actually do it. Temptations are everywhere: cool gadgets, new clothes, and fun things to do on the weekends. The opportunities to spend your money are endless. And let’s be honest: after a long week of working hard, […]

Ten BIG MISTAKES when investing in rental property

Ten BIG MISTAKES when investing in rental property

One of the most common and interesting ways to invest your money is to buy real estate. Even given all the ups and downs in the last ten years, real estate still proves to be an interesting and steady investment in the long run. If you are considering buying real estate and renting it out, please learn from our experiences and avoid making one of the ten big mistakes when investing in rental property. First, let’s explore our real estate portfolio and the reasons we are actively investing in rental property. Our real estate portfolio In the last few years, […]

Retire before you're 40

RETIRE before you’re 40

Wouldn’t it be fantastic if you could retire before you’re 40 years old? In this article, we share our story to inspire how you are also able to retire early. Not by working like crazy in a few years. This may seem a good way, but you will probably end up with a burnout, which will only help you retire even later. The day you don’t have to work anymore is a hallelujah moment for a lot of people. Some of us win the lottery, but most have to work a long time to reach the stage of their pension. […]

How we saved enough money to pay our houses in CASH

How to save to pay for a house in CASH

When we tell people that we don’t have a mortgage for our house, their reaction often is disbelief. If we add that we don’t have a mortgage for ANY of the three properties we own, the disbelief transforms into confusion. How is it possible? Read on if you are interested to learn how to save to pay for a house in CASH.  A mortgage is a common practice Yes, it is probably true that the most common practice is to mortgage your house when you are looking for a way to enter the housing market. Houses are expensive and normally […]

Cutting expenses vs earning more money_

CUTTING expenses vs EARNING more money?

Searching for ways to achieve your financial goal, we often look at two major options: spending less and earning more. But which is best? Cutting expenses vs earning more money: who wins the prize? Obviously, both create a way to save more money. By spending less and cutting your costs you can keep more money in your bank account. By earning more money you can increase your income. This will probably result in saving more money as long as you don’t start spending more.  We are taught to earn more It may feel like cutting expenses and earning more money […]

Financial Independence Retire Early

Financial Independence Retire Early

When you think of retirement you probably think of someone in their late 60s. A retired person has saved his whole life and has a huge pension fund. This way of retiring is the social norm and is used by plenty of people. A norm that we all know well, but it is certainly not the only way to retire. There are lots of other ways to prepare for your retirement and to retire at a young age! One option is to go for FIRE: Financial Independence Retire Early.   What is financial independence retire early? Financial Independence Retire Early […]

Using the double win factor in your financial choices

Using the DOUBLE WIN factor in your financial choices

You have saved some money and are ready to let it work for you. For instance, you decide to buy a couple of shares that – at first glance – seem very profitable. Unfortunately, the share price drops, and your potential profits change into a loss. This happens to many people and people, therefore, tend to think that investing is risky. The reality is that a lot of risks are pretty manageable. The double win factor is something that I use to reduce the risk and to increase the profitability of my investments. It’s not a groundbreaking theory but something […]

015. How to start a Wordpress blog with Bluehost

How to START a WordPress BLOG on Bluehost

In this article, we will guide you through the process of how to start a WordPress blog on Bluehost. We have had a previous experience online with building websites, but we never before had a blog, so in the beginning, the process of starting was quite overwhelming. We had a lot of questions and uncertainties, such as: What is the best platform to share our information? How do we attract visitors and actually reach people with our blog? Will Google think our blog is worth showing in search results? Can we make sure people come back to the blog or subscribe? […]

Set up your bank accounts for financial success

Set up your bank accounts for financial SUCCESS

Thinking about financially successful people you tend to picture an expensive lifestyle. Living in an enormous villa in an idyllic dream-away place. You would probably need a bank account of a millionaire to be financially successful. Right? Or is there a secret way how to set up your bank accounts for financial success? While the millionaire’s lifestyle may be a very recognizable way, it actually hasn’t got much to do with financial success. Financial success is more about creating a situation for yourself in which you are happy with the amount of money coming into your bank account given the […]