Making mistakes is stupid, maybe

A while ago, I bought a single stock as part of my investment portfolio and I thought, hey this is a great stock and totally underrated. Yeah it had a bad reputation at the time and quite some debt connected to it but the company was quite old and in my eyes reliable. They merged
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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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I am a big fan of property investments. Especially in Germany properties are highly underrated looking at the global level. Buying houses in Paris easily costs twice of what houses in Munich cost, which means there is still a lot of potential for value increases for the next years. However, I do not have lots
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Consumerism is evil. You know this already. Nevertheless, sometimes you have to buy items for everyday life. One of the most expensive items that all of us need today is a smartphone. Of course, the super-savers or so called frugal people will say that it is not true. Nobody needs a smartphone. But let us
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So far, we assumed that you have one regular income as an employee. But that is of course very unreliable. It is better to have many sources of income. And it is even better to get money without having to do something for it, also known as passive income. There are basically two different kinds
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