The main purpose of my FIRE Template is to achieve the goal of financial freedom. This template tells me where I am now, how for am I away from financial freedom and am I moving towards or away from it. How to use it? Click here to access it and make a copy. I suggest… Continue reading →

Let’s look at the definition of an asset. The definition from Wikipedia is “…an asset is any resource owned or controlled by a business or an economic entity.” This means that everything you as a private person own and is valuable to somebody else is an asset. But not every asset is relevant for financial freedom, so I focus… Continue reading →

Your net worth is basically the total amount that would be left if you sold all your assets and paid back all your debt today: assets = 720’000 debt = 420’000 net worth = 300’000 The number is usually defined in US-dollar and used to compare the success or power of grown ups. I personally… Continue reading →