Your personal finance journey

Did you think of adjusting your budget during one of those events?

Let me know if you have any other recommendation in the comment section

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These are my top 3 investments. I am curious to know yours

Comment below
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You need to ask yourself several questions to define your investor profile:

1) What is your goal?🎯
You need to think of your long-term goal and know your "Why".
Do you want to create a new source of revenue? Do you want to be able to retire in X years?

2) Monthly investment 💸
As a new investor, I would advise you to always invest the same amount each month. It will help you to make the process automatic and to stay consistent. Depending on which brokerage account you are using, you can link your bank account to it via an API connection ( can be easily done with Zappier)

3) Knowledge 📰
Knowledge is key! You need to understand where you put your money; it’s the stock market, not the casino. Take time to study the different options ( Stocks vs ETFs vs Bond), which industry would you like to invest in, which company, why? Those questions are crucial, they will help you to make thoughtful decisions.

4) Time ⏳
For how long do you want to hold those financial products. I won’t lie to you, the longer the better. But again, it should be part of your strategy as this component will help you choose the products you want to invest in. As an example, I am planning to keep my portfolio for 15 years.

5) Risk 🧯
And finally, what will be your strategy without the risk factor? Nothing.. If you are following me for some time now, you should know that investing in the stock market can be risky. Some products are riskier than others. You need to ask yourself if you want to take a bit or a lot of risks. Keep in mind that the risk level is really tight to the ROI of the financial product.

Do you agree? Is it helpful?

Are you a beginner in the investment game? If yes, this post is for you:

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Follow those 3 easy steps and you will be ready to buy stocks and start building wealth 😉💰:

1) Open a brokerage account: in Europe you have multiple options. I personally use Degiro, but you can use ABN Amro or ING ( dutch banks - they have an investment account option where you can select your risk level and the amount you want to invest), Boursorama, Etoro and many many more.
Most of them are free, and you will just pay the buying/selling transaction fee.

2) Define your strategy

This step is essential. You need to ask yourself some questions:

- how much can you invest per month?
- how much risk are you ready to take?it will help you deciding which stock to buy.
- what is your long term goal? Do you want to retire in 15 years, do you want to have an extra monthly revenue...

3) Study the market: one of the most important rule is to buy stock you understand. Don't buy a stock because your neighbours bought it. You need to know why you want to buy this specific stock. Keep in mind that you will invest YOUR money on it, it's not the lottery!
I am using www.moning.co to study the different stocks and their performances over time. It's totally free and easy to use.

So are you ready to invest now?? Let me know in the comment section 😉💬

Let me know if you need recommendations about books or finance experts that you can follow.

Two of the most difficult topics: Love and Money 💸❤️

In this article, I have listed some tips you can use to start the money talk with your loved one.

What are your tips?

You might have already heard about this super important financial advice: "Pay yourself first"

Well, this quote is all about it.

By saving before spending, you are paying yourself first and you are starting your personal finance journey on the right foot

Claire

It's easier to start with something when you know the sense of the word.

And you, what is your definition of budget?

Claire

I am happy to share with you our money wins for 2021 🤩

Without a doubt, being able to spend money to welcome our baby girl was the most rewarding one. The feeling of security and piece of mind that money can bring you is something I wish for all of you.

And you, what are your wins so far??

Once you know how much you earn and what are your expenses , the next step is to allocate a percentage to each of the following categories:

- Your needs ( rent, utilities, food budget etc...)
- Your desires (eating out, drinks, shopping etc...)
-Your investments/savings

As a starting point, I am always advising my clients the following percentage:
- 50% for their utilities.
- 30 to 40% for their desires.
- 10 to 20% for their investments/savings.

And then, you can always adjust it in the future if needed.

Are you planning your budget based on spending buckets too? What are your percentages? My spending percentages are 50% for my needs, 20% for my desires, and 30% for my investments/savings.

What is my coaching philosophy and what is money for me?

Find out more in the new blog article on my website.

I love this quote - it really reflects my mentality towards money: we should have money to have more time to do what we really want, and not to buy expensive stuff and show off.

You should make your money works for you if you want to buy yourself some time 😉

I am curious: what were you able to do thanks to this principle? I was personally able to take 7 months off from work to focus on a personal project. 😄