Category Archive: 9.) The Poor Swiss

The Best Websites For Online Shopping In Switzerland

These days, a lot of shopping is done online. It is so practical to shop for something online. It can save you a lot of time. And it allows you to compare many different websites to get the best deals easily. Shopping online can also save you some money.

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The Simple Path to Wealth Book Review

I have recently ordered a few more non-fiction books, and I have just finished The Simple Path To Wealth. This book was on my reading list for a very long time. The Simple Path To Wealth, by Jim L. Collins, is about investing simply to amass enough money to reach Financial Independence.

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November 2020 – An uneventful yet expensive month

(Disclosure: Some of the links below may be affiliate links) November 2020 is over, and it was another of these 2020 months. Nothing much happened during this month because we could not see many people and several things were canceled. At least, we are both healthy. And this was the last month before we move to the new house. We are really looking forward to that. This will keep us occupied! And this will keep our mind off this boring virus....

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You should invest every month not every quarter

I have recently read a recommendation to invest only once a quarter instead of more frequently. I think investing every quarter is bad advice and I want to explain why in this article.

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Free by 40 in Switzerland – Book Review

I just finished reading Free by 40 in Switzerland, a book about financial independence, in Switzerland, by fellow blogger Mr. Mustachian Post, alias Marc Pittet. Mr. MP was kind enough to send me a version that I could review before the release date. So I can have this review ready now that the book is available!

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The 4 Stages of Wealth

During your financial life, you will go through several stages of wealth. Maybe you have already crossed several of them, or maybe you are at the first stage of wealth. Regardless of where you are, it is important to know what is ahead and prepare for your future stages of wealth. There are many things you can do to prepare your future financial stages.

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What is The Best Credit card in Switzerland for 2020?

A credit card is a powerful personal finance tool. But it is only a good tool if used correctly. And unfortunately, many people are not using credit cards correctly. The first important thing is to choose a card with no annual fee. You should focus on that first.

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CSX Review 2020 – Digital Bank account by Credit Suisse

CSX is a new digital bank account by Credit Suisse. They have just started this new offer in 2020. And this account is much cheaper than the standard Credit Suisse accounts. The CSX bank account can even be free if used correctly. Interestingly, even large Swiss banks are jumping on the digital bank account wagon. This is a good trend if that allows people to pay lower fees for their bank accounts.

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Diversification is important – Free lunch in Investing

Diversification is often called the only free lunch in investing. It is a great way to reduce the volatility of a portfolio and sometimes increase its returns. You want to avoid having all your eggs in one basket. So, instead, you are going to use many baskets.

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Third Year of Blogging – The Poor Swiss is 3 years old!

The Poor Swiss blog just turned three years old. It is difficult to believe it has already been three years since I started this blog. I have done a lot of things on this blog in the last year. Some of these things paid off. Some did not. But I think the blog is in a much better place right now than one year ago, which is always a good sign.

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Zak vs Neon: Best Swiss digital bank account in 2020?

Zak and Neon are two good Swiss Digital bank accounts. They are both entirely digital and accessible through mobile applications. The great thing about these bank accounts is that they are significantly cheaper than conventional bank accounts. Their low prices are what make their success. And they have some attractive features.

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What should you do after a bear market?

Depending on which index you are following, the bull market is back! It is now time to reflect on the bear market. If your portfolio is not yet out of the red, it does not hurt to be prepared.We have already discussed the things you should do during a bear market.

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The 4 Investing Levels: Control vs Fees

Investing is very important if you want to fight inflation and get returns on your saved money. But there are many ways to invest. Some of these ways are very simple, while others are complex.But with simplicity comes higher fees. If you want the lowest price possible, you will need to get more control, and thus complexity.

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The Best Phone Plans in Switzerland in 2020

Update: Fully updated as of August 2020! Plans have become even cheaper than before!We can agree that everybody wants to pay as little as possible for their phone bills. Even though you may think your current phone plan is the cheapest available, there could be new deals since you started using your plan.

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5 Main Ways to Budget to save more money

There are many ways to budget for personal households. And there is no such thing as the best way to budget that will work for everybody.Many people use many different ways to budget their life. As long as the way you choose works for you, it is enough. You just need to find the best way for yourself.

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Should you buy or rent a house in Switzerland?

We are currently in the process of buying a house. Since I shared this fact on the blog, I have been asked several times whether people should buy or rent in Switzerland.So, I wanted to share my thoughts on the buy or rent subject. I am going to go over the different considerations about buying and renting houses in Switzerland.

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Frugal Living in Switzerland Interview 5: The DoubleDutch Family

It is time for another installment in our Frugal Living in Switzerland series of interviews!And today, I was able to interview a non-blogger family for this series. And compared to the other interviewees, we now have a couple of expats that answered together. Mr. and Mrs. DoubleDutch are able to save a large portion of their income in Switzerland and live with a very reasonable amount of money!

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Zak Review: Free Digital Swiss Bank Account

Zak is a free digital Swiss bank account from Bank Cler. It is the first fully digital bank account from Switzerland. It was launched in 2018.Since it is a digital bank account, you can use Zak from anywhere with your smartphone.

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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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