Travel hacking. What is it and what are the two ‘secret’ ways you can do it?

What is Travel Hacking? You’ve heard of house hacking but what is travel hacking? This is not a new concept as its conception was the frequent flyer program in the 1970s. The basic idea is to take advantage of a travel situation to make it more cost-effective. Especially to earn free flights, hotels, and rental Read More

How to Harness the Power of Compounding Interest

Some of you will know what DR stands for, for those who do not know it is Dave Ramsey. Now, I know posting this is a bit crazy… since I know there are many die-hard fans out there. I do not dislike his baby steps but they do not work for me. As I mention Read More

Cash is not king

At least not in Sweden. All over the #debtfreecommunity Instagram tags I see the phrase ‘Cash is King.’ This stems from Dave Ramsey when he tells those following his baby steps to ditch credit and debit cards and only use cash. Especially since holding cash makes you feel more attached to your money and you Read More

What are the baby steps and should you do them?

Disclaimer: This post is a general overview of the baby steps and my opinions. It is not meant to replace Dave Ramsey’s books about the baby steps or financial peace university. I am not affiliated with Dave Ramsey or his companies. Some of you have heard of Dave Ramsey’s baby steps, which are a great Read More

The importance of financial literacy – 5 reasons

April is ‘Financial Literacy’ month. This is to spread awareness of the importance of this issue. It is the possession of a set of skills and knowledge that will allow an individual to make effective decisions on their fiances. Some of you might be thinking – ‘Well, why is it important?’ You are right, why Read More

5 financial habits of early retirees

Have you ever wondered what it takes to retire early? Remember, retiring early does not mean 30 years old. Even retiring at 50 is retiring early. Since the retirement age is sometime after 60. Since any age before 60 is retiring early, anyone on just about any income can do it. Have little to no Read More

If there is not a WILL, there is a way

Disclaimer: This topic depends on the country or state you live in. So, I would first talk to an estate lawyer and a tax lawyer. I am neither but as a banker I was often given ‘free’ advice as to how to go around the necessity of a will if you do not have enough Read More

Taxes – U.S. vs. Sweden. How are they different?

Only 2 countries require all citizens to file taxes: Eritrea and the good ol’ US of A. Tax season in the U.S. can be stressful, especially for ex-pats. However, I’ve been filing my taxes for a couple of years now and feel that I have got the hang of it. Aside from this year, as Read More

7 ways to reach FIRE on a low income

FIRE stands for Financial Independence, Retire Early. There is a lot of discussion as to whether you can reach it on a low income. I believe it is possible since it is working for me so far. However, I am focused on the FI part because I chose a career path that I love, so Read More

How to track your Net Worth?

First, track your net worth by adding up all your assets and all your debt and then subtracting the assets from the debt. This will give you your Net Worth and also give a picture of your financial health and it says a lot more than the numbers in your bank account. For many years Read More