Category Archive: 9.) The Poor Swiss

June 2020 – Another month deep in taxes!

It is time for another monthly update! June 2020 flew by us! Like last month, we had to pay a ton of taxes. I did not pay enough taxes last year, so this year is very high.Fortunately, we had less to pay this month than in May. So, we still managed to save a little amount of money. It is better than last month, where our savings rate was zero.

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7 Powerful Reasons to Become Financially Independent

You have probably heard a lot about Financial Independence. A lot of things on this blog are about my path to Financial Independence (FI). But why would you want to be financially independent? There are many reasons for wanting to be financially independent.

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Investing Fees could cost you your early retirement!

When you are investing, you want to minimize your investing fees. It is something most people already realize. But what most people do not realize is how expensive fees can be in the long-term. In this article, we are going to see precisely how much investing fees are hurting you! Not only will we see that they are more expensive than they seem. We will also see that investing fees have a significant impact on your retirement!

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Transferwise vs Revolut: Which Is Best in 2020?

TransferWise and Revolut offer services that are quite similar. They are both offering cheap money transfers in many different currencies. How can you decide between both services? I have both cards. But, I am mostly using my Revolut card. So, many of my readers asked me why I was mainly using my Revolut card, where I could have only used my TransferWise card. Today, I am going to answer the question: Which is better between TransferWise and Revolut?

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How to side hustle legally in Switzerland?

Having a side hustle is a great thing to increase your income. But you need to be careful about doing it legally. If your side hustle is getting serious, you need to make sure you are respecting the law. If you are just selling a few things you do not need anymore, you probably will not have any problem. But if you have a side hustle that generating a more serious amount of money, you need to do it right.

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Selma vs Yova – Best Robo-Advisor for Sustainable Investing?

(Disclosure: Some of the links below may be affiliate links) Many of you have asked me about sustainable investing and how they should invest in Sustainable Instruments. Specifically, many have asked which Robo-Advisor they should use for sustainable investing.The two main Robo-Advisors for sustainable investing in Switzerland are Selma Finance and Yova. So, today, we are going to compare Selma vs Yova for easy investment in sustainable companies.

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10 Tips to Protect Your Online Personal Finances in 2020

(Disclosure: Some of the links below may be affiliate links) These days, most of your personal finances are probably online. You probably have access to your bank through an online banking platform. Also, you are likely to access your broker through your browser or through your phone. If someone is getting access to your online personal finances, he can do a lot of harm! You need to protect yourself! It is very important to protect your Online...

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valuepension Review – Great vested benefits account

(Disclosure: Some of the links below may be affiliate links) Many of you asked me about an excellent vested benefits account. Until recently, I did not know any good one. But now, I came across valuepension! valuepension offers an excellent vested benefits account.valuepension is a vested benefits account that relies on index investing! They are using low-cost index funds and allow people to invest heavily in stocks.

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Deep Work – Book Review – More focus for success

(Disclosure: Some of the links below may be affiliate links) A few months ago, I read Deep Work, by Cal Newport. This book is excellent if you want to improve your efficiency.This book is about the benefits of working deeply. If you practice deep work, you will be able to be much more efficient. It means you can achieve more things for you.But this also means that you can achieve more at your job.

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Swiss Stamp Tax Duty – All you need to know

(Disclosure: Some of the links below may be affiliate links) If you have been investing in Switzerland, you probably have heard about the Swiss Stamp Tax or the Swiss Stamp Duty. This Stamp Tax is a tax that is collected when you do certain transactions on the stock market.Even though this stamp tax is really simple to understand, there is a lot of confusion about it. Therefore, I wanted to cover it in detail to dispel the confusion once and for all.

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The Best 2020 Credit Card Strategy: No Fees and Maximum Returns

(Disclosure: Some of the links below may be affiliate links) Credit Cards are an important part of your personal finances. They are tools that you need to use to your advantage.The problem is that it is easy to misuse credit cards. You need to have a good credit card strategy to take full advantage of credit cards.Since I have started improving my personal finances, I have optimized a lot my usage of credit cards.

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The best ETF Portfolio for Switzerland in 2020

(Disclosure: Some of the links below may be affiliate links) If you want to invest in the stock market, you will need to choose a portfolio. Ideally, you will want to invest in index funds via Exchange Traded Funds (ETFs). For, this you will need to decide on an ETF Portfolio for Switzerland.Choosing a good portfolio is an important decision. You need to invest in a portfolio that will have low fees, high diversification, and good returns.

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What is the best broker in Switzerland in 2020?

(Disclosure: Some of the links below may be affiliate links) I have talked about several brokers on this blog. But I have not yet answered the question of which one is the best broker in Switzerland!It is now time to answer this important question. There are several Swiss brokers, and most Swiss banks have their broker service. But some international brokers are also available in Switzerland.If you want to invest in the stock market, you will need...

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April 2020 – A month at home

(Disclosure: Some of the links below may be affiliate links) April 2020 is now over! That was one of the weirdest months of our life. We spent the entire month in our village, mostly at home. We only went out to buy groceries and help some of my relatives.Fortunately, we have a large backyard, so we spent a lot of time outside. And Switzerland is not in full lockdown, so we still went out for walks.

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12 Easy Ways to Save Money Each Month in Switzerland

Living in Switzerland is expensive. There is no point denying that. However, it is not as expensive as many people think. There are many ways to save money each month on your budget in Switzerland.

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The Best Internet Plans in Switzerland for 2020

These days, everybody needs an internet connection. And we can agree that we all want to pay as little as possible for our connection to the web. Although your internet plan may have been the cheapest when you started using it, it may not be the case anymore. New deals may have appeared.

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Life in isolation: 9 Lessons we are learning during the Coronavirus crisis

The current crisis is not a good thing. However, it is not the end of the world. And it can teach us some things about being socially isolated. Let’s stay positive and try to learn from this unprecedented isolation. During this crisis, we have been learning many things.

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The best Television plans in Switzerland for 2020

I think we can agree that everybody wants to pay as little as possible for their television bills. Even though you may think your current television plan is the cheapest available, there could be new deals since you started using your plan.

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How to Invest in the 2020 Bear Market

We have just reached a new bear market due to the fears of the coronavirus pandemic. The chances are that this is your first bear market. And the chances are that you are freaking out.

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What does the U.S. Estate Tax mean for Swiss Investors?

Many people think that investing in the United States Exchanged Traded Funds (ETFs) is dangerous. They believe that because of the U.S. Estate Tax. This tax will heavily tax the assets of a decedent. This tax means that your beneficiary will only get a portion of your estate when you decease. Because of that, many people recommend not to invest in American ETFs (or even stocks).

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