When planning for retirement, many people wonder if having a million dollars in savings will be enough to enjoy a comfortable and financially secure life. While one million dollars is often considered a significant milestone, whether it will suffice depends…
Building wealth quickly is a goal for many individuals who aspire to achieve financial independence, provide for their families, and secure a comfortable future. While there are no guaranteed shortcuts, strategic planning, disciplined saving, smart investments, and leveraging the right…
Managing personal finances is a crucial skill for achieving financial stability and preparing for a secure future. Among the numerous budgeting strategies available, the 70% rule is a simple yet effective method for managing expenses while saving for the future.…
In the realm of personal finance and retirement planning, the 4% rule is a frequently mentioned concept. This seemingly simple rule provides a method to determine how much money a person can withdraw from their investments each year without depleting…
Is it possible to achieve financial independence and leave the rat race at 40? The answer is yes! Is it absolutely necessary to establish a sophisticated retirement plan? The answer is no! Is this retirement plan easy to follow? The…
We are going to explore a paradox that exists in personal finance, namely: if you are a corporate executive or an employee with a good salary, there is little chance that you will achieve wealth.It may seem counterintuitive but it…
Having a budget and following it are the keys (in our opinion) to good financial management. And this applies to all areas of money work: 2) The budget is annual :When we hear about budgets, we often see the monthly…
Investment :The Larousse defines investment as the “Decision by which an individual, […] allocates his own resources or borrowed funds to increase his stock of productive goods”. Investment therefore pursues the objective of increasing an individual’s assets.In this podcast we…
Financial planning : Budget and financial planning are closely linked but are different tools.After setting your financial goals, you can address the issue of financial planning.Financial planning is really the implementation of an action plan to achieve the financial goals…
Before going any further, we will remind you of what we call at save me budget “the 5 axes of money work”:1. Earning money2. Spending money3. Saving money4. Investing money5. Perceiving money – Personal Finance Let’s start with the…
