Mat's Wiki

Finance

I currently actively use 2 bank accounts, one with Revolut, the other one with Czech AirBank.

I invest at Trading212, InteractiveBrokers and Mintos.

In general, I try to follow these rules:

  • Don’t by stuff you don’t really need.
  • Sell stuff you don’t really need.

Glossary

  • FMI - Financial Market Infrastructure

Notes

  • Financial independence isn’t really that hard, if one is able to put aside 50% of income, he should be able to retire in 16 years. Save 62% and you can retire in less than 12 years. The key is to minimize spending and maximize savings.1
  • On the other hand, I think it is important to not stress it too much and also enjoy the life. The point of financial independence is to make your life better and more enjoyable.

Resources

Footnotes

  1. https://networthify.com/calculator/earlyretirement

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