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Great news: 2 percent interest at Trade Republic
Trade Republic is currently informing its customers that it pays 2 percent interest p.a. on credit balances. This is not only aimed at existing customers, but also at new customers. According to the statements of the neobroker, the interest payment is made monthly and logically refers only to the uninvested balance. Trade Republic writes that…
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My best advice #7: Keep it simple and straighforward
You may have already heard of the acronym KISS: Keep it simple and straighforward – or keep is simple stupid. It follows the concept that you should not complicate something, when there is a simple way to achieve your goal. It is similar to the concept of Ockham’s razor: when trying to understand something, getting…
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My best advice #6: Invest in your education and your human capital!
We live in a very exciting age, as we are given the opportunity to move our education forward and to access all past and present knowledge – and the future is just around the corner. Sometimes, the offer is just overwelming, and it feels more comfortable to watch Netflix or Amazon Prime. But as usual,…
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The best 5 reasons to have a financial cushion in Germany
As you may have probably already know from my other articles, I am a security oriented guy. In my childhood, my family taught me the importance of savings as financial cushion and of a parsimonious life. As children sometimes do, I internalized these lessons and exaggerated the concept, spending (very little) money only for strictly…
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The Life-Changing Magic of Not Giving a Fuck
Newly I discovered one of the most entertaining TEDx Talks I watched so far: “The Life-Changing Magic of Not Giving a Fuck” by Sarah Knight. In her TEDx Talk Sarah shares a very important lesson she learned by chance and she reveals the secret to inner satisfaction and joy in our life. What is the…
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The 5 most effective money saving tips I have used!
In this post, I want to tell you the best 5 money saving tips that have helped me a lot and improved long-term my financial situation. Some of them are very concrete, others can be adapted to your own requirements. I grew up in a very parsimonious family: I can still remember we didn’t have…
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My best advice #5: Keep track of your expenses: The big difference between rich and poor
As far as I know, no one has ever become rich by just spending money. To find out where my money flows or how much I spend for this and that, it’s in your my interest to know my expenses. In the following article I will explain why it is also good for you to…
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My best advice #4: What to do when it seems I don’t have enough time
Taking care of my own projects, may it be finances, hobbies or voluntary/community service, takes time, no question. Time that I don’t always have, however, because we all usually have a full-time job, have to take care of everyday problems, and some of you perhaps even have children, so that sometimes there is no time…
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My best advice #2: Understanding my Inner Clock
In today’s society, we are told when we have to work, mostly according to the 9-to-5 rhythm. With luck, you have “escort” times and can better arrange when you want to work, but even this framework is limited. In this post I want to explain you why understanding my inner clock was so important for…
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My best advice #1: Always think long-term!
With this new blog posts series, I want to share with you thoughts and experiences I had in the last years that are not related to travel or photography but that could actually be interesting for you. The short summary of this article: Long-term thinking – Why it was and is so important for my…