Imagine you have a taxable income of 100’000 per year and you happen to live in the city with the highest tax tariff (Arbon TG) = you will be taxed 20’753 in the same year. Having 79’247 left, the wealth tax of approximately 0.5% per year will reduce that amount over 20 years to 71’688…. Continue reading
Posts by "Giles"
Cost Reduction: Housing
A roof over your head is one of the most expensive thing you will pay for in your life. So its definitely worth optimising from the following angles: I highly recommend to optimize your housing situation in exact that order to get the most out of it.
Why is the inflation rate lower in Switzerland?
I stumbled on this Video and found it quite interesting. How comes that the Swiss inflation rate is substantially lower than the ones of the countries around Switzerland? He compares the situation of the Euro managed by the European Central Bank (EZB) and the Swiss Franc managed by the Swiss National Bank (Video is in… Continue reading
Cost reduction: Health insurance (Swiss)
I did most of my career in the insurance business and used to consult private costumers on health insurances (among others) in Switzerland. All the knowledge in this post is based on a profound experience of many years. To make the content easily actionable I had to simplify or generalise some elements. This is why… Continue reading
Level 2: Reduce your costs
Once you know where you are and you have a system installed to manage your money you are ready to tackle the first leverage towards financial freedom: the reduction of your costs. Reducing your costs is a leverage for FIRE Leverages always have a big impact and so will reducing your costs. For every CHF… Continue reading
What the NFT?
NFTs or non fungible tokens are very hyped in the crypto space. If you are interested in that topic, I recommend you to check out the Video “Line goes up” by Dan Olson. The video covers his very knowledgeable view on crypto in general before digging quite deep into the NFT phenomenon an its issues. … Continue reading
Inflation hits 50 Cent
Scrolling on the scientific website 9gag.com, I stumbled on this meme: Although it’s funny, I have bad news: It’s totally wrong. Fifty was born in 1975 – 0.50 USD back then have now the buying power of 0.08 cent, meaning that he would have to change his name to 275 cent or 2.75 USD to… Continue reading
Level 1: Install a system to manage your money
I realised that I have the tendency to naturally spend my money based on how much is left on my bank account (keeping a small reserve) rather than spending for what I really need. To solve this, just detach your spending-budget from your savings. In order to be able to optimise my expenses (Level 2:… Continue reading
June 2022 Crypto Crash | Greedy Millionaire | FIRE Handbook
Hi, last month I stumbled on many cryptos crashing, a conversation with a greedy millionaire and continued working on my personal FIRE-handbook: June 2022 Crypto Crash June 2022 has seen a second crypto crash in the trading year to date. Back in May, the collapse of Terra / Luna wiped 500’000 millions from the crypto… Continue reading
FIRE Handbook
This is the handbook I would have given myself 10 years ago – when I started my journey towards financial independence. Expect a very condensed and hands-on handbook with 8 simple levels: It is still work in progress, my aim is to cover 1 level per month starting May 2022. BasicLevel 0: Know where you… Continue reading