If you start looking into the topic of personal finance and the savings rate that we discussed you might question how all of this can work. How is it possible to become financially free? Isn’t this concept based on the assumption that nobody else or almost nobody else saves a high percentage of their income?
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Everybody wants to be rich and nobody cares about cash flow. Usually discussions about being wealthy, retirement whenever one wants or financial freedom are about overall wealth and never about passive cash flow (= passive income based on dividends). However, in the beginning of the journey to personal financial freedom it is far more important
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We have talked a lot about expenses already and defined the neat KPI L12M_avg_exp. Now we want to go a step further and compare our income and our expenses. To do this, we have to understand income. So what is income? Income is all the money that you get/receive on your bank account on a
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